2020 ANNUAL MARKET REPORT
INSPIRE Living along the world’s most beautiful beaches, every day is filled with promise. It seems as though the Gulf of Mexico is an endless source of inspiration for many, bringing with it the courage, clarity and insight to bring about change and find innovative new avenues to explore. Inspiration comes in many forms yet it carries over into every aspect of our lives. What inspires us professionally may give rise to a new change in our mindset that allows other areas of our lives to flourish. In the same regard, and what has happened to so many local residents, is that one trip to the beach inspires us to make our dream coastal lifestyle a reality. As we reflect on the past decade, Inspire was the word that kept coming to mind. People were inspired to move to the coast and the numbers certainly reflect that! Families that only dreamed about living at their favorite beach found an opportunity to work remotely. Early retirement became a reality for couples seeking the warmth of the Florida panhandle. Investment-minded individuals made the decision to invest in rental properties, that would eventually become their full-time home. This swell in population has given rise to influential changes across the board. From design to architecture to the coastal lifestyle we all love here at the beach, there has a dramatic transformation over the past ten years and it’s exciting to witness. We are a collection of inspirations here along the coast - 30A, Destin, Panama City Beach, the Forgotten Coast - and the future looks just as impressive. What inspires you? Is it the sound of crashing waves or the feel of the sugarwhite sand beneath your feet? Is it being able to leave the hustle and bustle of city life behind as you slip on your ‘fancy’ flip flops to wear to dinner? Is it the feeling of joy you experience at seeing your children love the Gulf of Mexico as you do? Or is the solitude of a quiet beach at sunrise as you start another spectacular day here on the coast? Here at Berkshire Hathaway HomeServices Beach Properties of Florida, we find inspiration in our people - our clients, our colleagues and our local communities. We are eternally grateful for the opportunity to live where do and we’re passionate about sharing why our coastal towns are so extraordinary. Let’s make 2021 the year we find your coastal inspiration.
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MARKET REPORT 2020 2018 || BERKSHIRE BERKSHIRE HATHAWAY HATHAWAY HOMESERVICES HOMESERVICES BEACH BEACH PROPERTIES PROPERTIES OF OF FLORIDA FLORIDA
BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA #
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LISTING BROKERAGE ON 30A 2020 *Transactions
TOP 5 LISTING BROKERAGE IN PANAMA CITY BEACH 2020 *Transactions & Volume
TOP 3 BROKERAGE ON THE FORGOTTEN COAST 2020 *Transactions & Volume
TOP 50 BROKERAGE WITHIN BERKSHIRE HATHAWAY HOMESERVICES WORLDWIDE 2016, 2017, 2018, 2019
OVER $1 BILLION IN ANNUAL SALES VOLUME 2020
MARKET REPORT 2020 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
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30A
6
MARKET REPORT 2018 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
30A 30A OVERALL ROSEMARY BEACH ALYS BEACH WATERSOUND BEACH SEASIDE WATERCOLOR WATERSOUND ORIGINS SANTA ROSA BEACH SOUTH WALTON NEW CONSTRUCTION
30A OVERALL 30A
38 CHIVAS LANE
8
MARKET REPORT 2020 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
PERCENTAGE OF LIST PRICE SOLD
AVERAGE DAYS ON MARKET
AVERAGE PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE
NUMBER OF SALES
30A OVERALL
$
1,075
1,710
2019
2020
1,164,367
$
1,482,849 2020
2019
$
433
$
502
2019
2020
115
108
2019
2020
97% 2019
97% 2020
59%
27%
16%
6%
0%
MARKET REPORT 2020 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
9
ROSEMARY BEACH 30A
32 N CARTAGENA LANE
10
MARKET REPORT 2020 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
53
2019
2020
2,268,516
$
2,445,103
$
820
66%
8%
2020
2019
$
798
2019
2020
AVERAGE DAYS ON MARKET
$
32
155
159
2019
2020
PERCENTAGE OF LIST PRICE SOLD
AVERAGE PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE
NUMBER OF SALES
ROSEMARY BEACH
94 %
94%
2019
2020
3%
3%
0%
MARKET REPORT 2020 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
11
ALYS BEACH 30A
33 CALIZA LANE
12
MARKET REPORT 2020 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
68
2019
2020
3,312,234
$
4,014,480 2020
2019
$
992
$
1,148
2019
2020
AVERAGE DAYS ON MARKET
$
19
98
66
2019
2020
PERCENTAGE OF LIST PRICE SOLD
AVERAGE PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE
NUMBER OF SALES
ALYS BEACH
97%
98%
2019
2020
258%
21%
16%
33%
1%
MARKET REPORT 2020 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
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WATERSOUND BEACH 30A
46 COOPERSMITH LANE
14
MARKET REPORT 2020 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
PERCENTAGE OF LIST PRICE SOLD
AVERAGE DAYS ON MARKET
AVERAGE PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE
NUMBER OF SALES
WATERSOUND BEACH
$
34
71
2019
2020
2,617,206
$
2,717,259 2020
2019
$
689
$
719
109%
4%
4%
2019
2020
153
164
2019
2020
7%
95%
95%
2019
2020
0%
MARKET REPORT 2020 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
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SEASIDE 30A
307 E RUSKIN PLACE
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MARKET REPORT 2020 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
PERCENTAGE OF LIST PRICE SOLD
AVERAGE DAYS ON MARKET
AVERAGE PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE
NUMBER OF SALES
SEASIDE
$
24
23
2019
2020
2,369,250
$
2,317,115 2020
2019
$
1,102
$
1,307
2019
2020
112
129
2019
2020
94%
96%
2019
2020
4%
2%
19%
15%
2%
MARKET REPORT 2020 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
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WATERSOUND ORIGINS 30A
36 CANNONBALL LANE
18
MARKET REPORT 2020 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
163
2019
2020
629,029
$
690,520
$
275
85%
10%
2020
2019
$
288
2019
2020
AVERAGE DAYS ON MARKET
$
88
95
72
2019
2020
PERCENTAGE OF LIST PRICE SOLD
AVERAGE PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE
NUMBER OF SALES
WATERSOUND ORIGINS
100%
99%
2019
2020
5%
24%
1%
MARKET REPORT 2020 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
19
WATERCOLOR 30A
64 VERMILION WAY
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MARKET REPORT 2020 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
PERCENTAGE OF LIST PRICE SOLD
AVERAGE DAYS ON MARKET
AVERAGE PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE
NUMBER OF SALES
WATERCOLOR
$
80
141
2019
2020
1,857,667
$
2,113,782 2020
2019
$
546
$
643
2019
2020
126
98
2019
2020
96%
103%
2019
2020
76%
14%
18%
22%
7%
MARKET REPORT 2020 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
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SANTA ROSA BEACH 30A
1095 DRIFTWOOD POINT ROAD
22
MARKET REPORT 2020 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
540
2019
2020
402,281
$
485,632 2020
2019
$
182
$
208
2019
2020
AVERAGE DAYS ON MARKET
$
433
92
81
2019
2020
PERCENTAGE OF LIST PRICE SOLD
AVERAGE PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE
NUMBER OF SALES
SANTA ROSA BEACH
98%
98%
2019
2020
25%
21%
14%
12%
0%
MARKET REPORT 2020 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
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SOUTH WALTON NEW CONSTRUCTION NC
95 TYLER - CHURCHILL OAKS
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MARKET REPORT 2020 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
PERCENTAGE OF LIST PRICE SOLD
AVERAGE DAYS ON MARKET
AVERAGE PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE
NUMBER OF SALES
SOUTH WALTON NEW CONSTRUCTION
$
283
407
2019
2020
806,272
$
1,038,582 2020
2019
$
296
$
342
2019
2020
75
80
2019
2020
99%
99%
2019
2020
44%
29%
16%
7%
0%
MARKET REPORT 2020 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
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EC
EMERALD COAST SANDESTIN MIRAMAR BEACH DESTIN DESTIN CONDOS
SANDESTIN EC
3595 PRESERVE LANE
28
MARKET REPORT 2020 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
225
2019
2020
772,184
$
934,376 2020
2019
$
297
$
331
2019
2020
AVERAGE DAYS ON MARKET
$
160
96
81
2019
2020
PERCENTAGE OF LIST PRICE SOLD
AVERAGE PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE
NUMBER OF SALES
SANDESTIN
96%
96%
2019
2020
41%
21%
11%
16%
0%
MARKET REPORT 2020 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
29
MIRAMAR BEACH EC
285 TWISTED PINE TRAIL
30
MARKET REPORT 2020 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
264
2019
2020
762,636
$
878,198 2020
2019
$
280
$
308
2019
2020
AVERAGE DAYS ON MARKET
$
201
107
96
2019
2020
PERCENTAGE OF LIST PRICE SOLD
AVERAGE PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE
NUMBER OF SALES
MIRAMAR BEACH
96%
98%
2019
2020
31%
15%
10%
10%
2%
MARKET REPORT 2020 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
31
DESTIN EC
783 BAYOU DRIVE
32
MARKET REPORT 2020 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
570
2019
2020
640,043
$
824,697 2020
2019
$
244
$
279
2019
2020
AVERAGE DAYS ON MARKET
$
511
96
99
2019
2020
PERCENTAGE OF LIST PRICE SOLD
AVERAGE PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE
NUMBER OF SALES
DESTIN
97%
96%
2019
2020
12%
29%
14%
3%
1%
MARKET REPORT 2020 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
33
DESTIN CONDOS EC
950 HWY 98 - UNIT 6042
34
MARKET REPORT 2020 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
753
2019
2020
435,926
$
446,743 2020
2019
$
311
$
318
2019
2020
AVERAGE DAYS ON MARKET
$
592
95
116
2019
2020
PERCENTAGE OF LIST PRICE SOLD
AVERAGE PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE
NUMBER OF SALES
DESTIN CONDOS
96%
97%
2019
2020
27%
3%
2%
22%
1%
MARKET REPORT 2020 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
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LOCALLY KNOWN. NATIONALLY RECOGNIZED. GLOBALLY RESPECTED.
©2021 BHH Affiliates, LLC. An independently owned and operated franchisee of BHH Affiliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of Columbia Insurance Company, a Berkshire Hathaway affiliate. Equal Housing Opportunity.