Q3: 2021 | Northwest Florida Market Report | Berkshire Hathaway HomeServices Beach Properties of FL

Page 1

MARKET REPORT | Q3 2021


75 COMPASS POINT WAY B

MARKET REPORT 2018 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

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1

BROKERAGE ON 30A Q3 2021 *Transactions

TOP 4 LISTING BROKERAGE IN PANAMA CITY BEACH Q3 2021 *Transactions & Volume

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1

BROKERAGE ON ST. GEORGE ISLAND Q3 2021 *Transactions & Volume

TOP 50 BROKERAGE WITHIN BERKSHIRE HATHAWAY HOMESERVICES WORLDWIDE 2016, 2017, 2018, 2019, 2020

OVER $2 BILLION IN SALES VOLUME over the past 12 months

MARKET REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

1


30A

164 S GULF DRIVE 2

MARKET REPORT 2018 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


SOUTH WALTON 30A OVERALL ROSEMARY BEACH ALYS BEACH WATERSOUND BEACH SEASIDE WATERCOLOR WATERSOUND ORIGINS SANTA ROSA BEACH NEW CONSTRUCTION


30A OVERALL 30A

10 RAINER LANE

4

MARKET REPORT 2021 | 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

$

654

411

Q3 2020

Q3 2021

1,483,064 Q3 2020

$

501

$

1,840,282 Q3 2021

$

644

Q3 2020

Q3 2021

123

28

Q3 2020

Q3 2021

97% Q3 2020

99% Q3 2021

37%

24%

29%

77%

2%

MARKET REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

5


ROSEMARY BEACH 30A

6

MARKET REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


5

Q3 2020

Q3 2021

2,582,850

$

4,218,000

$

807

83%

63%

Q3 2021

Q3 2020

$

1,459

Q3 2020

Q3 2021

AVERAGE DAYS ON MARKET

$

30

152

149

Q3 2020

Q3 2021

PERCENTAGE OF LIST PRICE SOLD

AVERAGE PRICE PER SQUARE FOOT

AVERAGE SOLD PRICE

NUMBER OF SALES

ROSEMARY BEACH

95%

95%

Q3 2020

Q3 2021

81%

2%

0%

MARKET REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

7


ALYS BEACH 30A

8

MARKET REPORT 2021 | 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

ALYS BEACH

$

23

13

Q3 2020

Q3 2021

3,769,179

$

5,223,002 Q3 2021

Q3 2020

$

1,112

$

1,417

Q3 2020

Q3 2021

60

5

Q3 2020

Q3 2021

97%

100%

Q3 2020

Q3 2021

44%

39%

27%

92%

3%

MARKET REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

9


WATERSOUND BEACH 30A

57 SALT BOX LANE

10

MARKET REPORT 2021 | 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

$

29

8

Q3 2020

Q3 2021

2,440,854

$

4,100,062 Q3 2021

Q3 2020

$

686

$

1,100

Q3 2020

Q3 2021

153

12

Q3 2020

Q3 2021

94%

98%

Q3 2020

Q3 2021

72%

68%

60%

92%

4%

MARKET REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

11


SEASIDE 30A

12

MARKET REPORT 2021 | 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

$

13

1

Q3 2020

Q3 2021

2,360,538 Q3 2020

$

1,212

$

3,267,000 Q3 2021

$

819

Q3 2020

Q3 2021

69

0

Q3 2020

Q3 2021

97%

99%

Q3 2020

Q3 2021

92%

38%

32%

100%

2%

MARKET REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

13


WATERCOLOR 30A

20 TALL TIMBER COURT

14

MARKET REPORT 2021 | 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

$

56

29

Q3 2020

Q3 2021

2,149,245 Q3 2020

$

634

$

2,983,828 Q3 2021

$

905

Q3 2020

Q3 2021

110

25

Q3 2020

Q3 2021

97%

98%

Q3 2020

Q3 2021

48%

39%

43%

77%

1%

MARKET REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

15


WATERSOUND ORIGINS 30A

61 CATFACE DRIVE

16

MARKET REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


53

Q3 2020

Q3 2021

741,506 Q3 2020

$

298

$

924,771 Q3 2021

$

366

Q3 2020

Q3 2021

AVERAGE DAYS ON MARKET

$

57

103

23

Q3 2020

Q3 2021

PERCENTAGE OF LIST PRICE SOLD

AVERAGE PRICE PER SQUARE FOOT

AVERAGE SOLD PRICE

NUMBER OF SALES

WATERSOUND ORIGINS

99%

99%

Q3 2020

Q3 2021

12%

26%

23%

78%

0%

MARKET REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

17


SANTA ROSA BEACH 30A

116 PINE LAKE DRIVE

18

MARKET REPORT 2021 | 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

SANTA ROSA BEACH

$

161

140

Q3 2020

Q3 2021

493,335 Q3 2020

$

214

$

588,537 Q3 2021

$

267

Q3 2020

Q3 2021

72

28

Q3 2020

Q3 2021

97%

99%

Q3 2020

Q3 2021

13%

20%

25%

61%

2%

MARKET REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

19


SOUTH WALTON NC

185 KAIYA AVENUE

20

MARKET REPORT 2021 | 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

NEW CONSTRUCTION

$

143

85

Q3 2020

Q3 2021

1,080,163 Q3 2020

$

346

$

1,343,270 Q3 2021

$

415

Q3 2020

Q3 2021

107

25

Q3 2020

Q3 2021

99%

100%

Q3 2020

Q3 2021

41%

26%

21%

77%

1%

MARKET REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

21


EC


EMERALD COAST SANDESTIN MIRAMAR BEACH DESTIN DESTIN CONDOS NAVARRE


SANDESTIN EC

2444 BUNGALOW LANE

24

MARKET REPORT 2021 | 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

SANDESTIN

$

89

53

Q3 2020

Q3 2021

1,018,895 Q3 2020

$

339

$

1,276,347 Q3 2021

$

431

Q3 2020

Q3 2021

58

21

Q3 2020

Q3 2021

97%

98%

Q3 2020

Q3 2021

40%

25%

27%

40%

1%

MARKET REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

25


MIRAMAR BEACH EC

26

MARKET REPORT 2021 | 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

MIRAMAR BEACH

$

91

85

Q3 2020

Q3 2021

888,501 Q3 2020

$

331

$

1,100,440 Q3 2021

$

426

Q3 2020

Q3 2021

79

34

Q3 2020

Q3 2021

99%

99%

Q3 2020

Q3 2021

7%

24%

29%

57%

0%

MARKET REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

27


DESTIN EC

4058 KATS COURT

28

MARKET REPORT 2021 | 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

DESTIN

$

183

158

Q3 2020

Q3 2021

882,674 Q3 2020

$

291

$

1,054,785 Q3 2021

$

377

Q3 2020

Q3 2021

118

32

Q3 2020

Q3 2021

96%

98%

Q3 2020

Q3 2021

14%

18%

30%

73%

2%

MARKET REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

29


DESTIN CONDOS EC

30

MARKET REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


178

Q3 2020

Q3 2021

429,513 Q3 2020

$

314

$

608,830 Q3 2021

$

430

Q3 2020

Q3 2021

AVERAGE DAYS ON MARKET

$

254

125

65

Q3 2020

Q3 2021

PERCENTAGE OF LIST PRICE SOLD

AVERAGE PRICE PER SQUARE FOOT

AVERAGE SOLD PRICE

NUMBER OF SALES

DESTIN CONDOS

97%

97%

Q3 2020

Q3 2021

30%

42%

37%

48%

0%

MARKET REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

31


NAVARRE EC

9533 MONACO CIRCLE

32

MARKET REPORT 2021 | 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

NAVARRE

$

485

500

Q3 2020

Q3 2021

351,662

$

431,228 Q3 2021

Q3 2020

$

162

$

200

Q3 2020

Q3 2021

32

15

Q3 2020

Q3 2021

100%

101%

Q3 2020

Q3 2021

3%

23%

24%

53%

1%

MARKET REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

33


BC


BAY COUNTY PANAMA CITY BEACH CONDOS PANAMA CITY BEACH PANAMA CITY NEW CONSTRUCTION


PANAMA CITY BEACH CONDOS BC

11807 FRONT BEACH ROAD | UNIT 2204

36

MARKET REPORT 2021 | 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

PANAMA CITY BEACH CONDOS

$

538

594

Q3 2020

Q3 2021

304,504 Q3 2020

$

265

$

405,378 Q3 2021

$

278

Q3 2020

Q3 2021

93

94

Q3 2020

Q3 2021

97%

99%

Q3 2020

Q3 2021

10%

33%

5%

1%

2%

MARKET REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

37


PANAMA CITY BEACH BC

106 CEDAR HAMMOCK LANE

38

MARKET REPORT 2021 | 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

PANAMA CITY BEACH

$

319

319

Q3 2020

Q3 2021

457,272 Q3 2020

$

223

$

574,507 Q3 2021

$

278

0%

26%

25%

Q3 2020

Q3 2021

70

32

Q3 2020

Q3 2021

54%

97%

98%

Q3 2020

Q3 2021

1%

MARKET REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

39


PANAMA CITY BC

2009 CALAMINT STREET

40

MARKET REPORT 2021 | 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

PANAMA CITY

$

515

527

Q3 2020

Q3 2021

231,883 Q3 2020

$

126

$

292,296 Q3 2021

$

155

2%

26%

23%

Q3 2020

Q3 2021

74

29

Q3 2020

Q3 2021

61%

98%

98%

Q3 2020

Q3 2021

0%

MARKET REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

41


BAY COUNTY BC

BREAKFAST POINT

42

MARKET REPORT 2021 | 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

NEW CONSTRUCTION

$

110

50

Q3 2020

Q3 2021

338,386 Q3 2020

$

163

$

457,975 Q3 2021

$

227

Q3 2020

Q3 2021

69

20

Q3 2020

Q3 2021

99%

100%

Q3 2020

Q3 2021

55%

35%

39%

71%

1%

MARKET REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

43


FC


FORGOTTEN COAST APALACHICOLA ST. GEORGE ISLAND CAPE SAN BLAS MEXICO BEACH | ST. JOE BEACH PORT ST. JOE


APALACHICOLA FC

46

MARKET REPORT 2021 | 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

APALACHICOLA

$

10

9

Q3 2020

Q3 2021

416,250 Q3 2020

$

225

$

325,723 Q3 2021

$

182

10%

22%

19%

Q3 2020

Q3 2021

115

66

Q3 2020

Q3 2021

43%

93%

93%

Q3 2020

Q3 2021

0%

MARKET REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

47


ST. GEORGE ISLAND FC

2020 WHELK WAY

48

MARKET REPORT 2021 | 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

ST. GEORGE ISLAND

$

54

34

Q3 2020

Q3 2021

896,061 Q3 2020

$

377

$

1,218,147 Q3 2021

$

525

Q3 2020

Q3 2021

172

44

Q3 2020

Q3 2021

94%

96%

Q3 2020

Q3 2021

37%

36%

39%

74%

2%

MARKET REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

49


CAPE SAN BLAS FC

50

MARKET REPORT 2021 | 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

CAPE SAN BLAS

$

26

31

Q3 2020

Q3 2021

763,904 Q3 2020

$

397

$

1,094,481 Q3 2021

$

504

Q3 2020

Q3 2021

137

28

Q3 2020

Q3 2021

97%

98%

Q3 2020

Q3 2021

19%

43%

27%

80%

1%

MARKET REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

51


MEXICO BEACH | ST. JOE BEACH FC

105 SALT AIR COURT

52

MARKET REPORT 2021 | 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

MEXICO BEACH | ST. JOE BEACH

$

51

45

Q3 2020

Q3 2021

384,840 Q3 2020

$

209

$

570,735 Q3 2021

$

291

12%

48%

39%

Q3 2020

Q3 2021

83

28

Q3 2020

Q3 2021

66%

97%

98%

Q3 2020

Q3 2021

1%

MARKET REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

53


PORT ST. JOE FC

54

MARKET REPORT 2021 | 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

PORT ST. JOE

$

44

31

Q3 2020

Q3 2021

209,153

$

321,357 Q3 2021

Q3 2020

$

140

$

200

Q3 2020

Q3 2021

67

39

Q3 2020

Q3 2021

98%

96%

Q3 2020

Q3 2021

30%

54%

43%

42%

2%

MARKET REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

55


LOCALLY KNOWN. NATIONALLY RECOGNIZED. GLOBALLY RESPECTED.

Market data for Q3 2021 as of 10/04/21. Infromation reported is deemed reliable but is not guaranteeed. © 2021 MLS and FBS. ©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.


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