2023
Annual Report
NORTHWEST FLORIDA
B
MARKET REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
Resilience | a year in review Resilience can be defined as the power or ability of a material to return to its original form or position after being bent or stretched. After the extreme highs of the postpandemic market to the inevitable slowdown during 2023, the Northwest Florida real estate market has certainly proved its ability to withstand unpredictable market conditions such as climbing interest rates while still maintaining value for buyers with average sales prices remaining consistent or even rising in many market sectors. Similarly, our real estate professionals at Berkshire Hathaway HomeServices Beach Properties of Florida have shown an unflappable resilience for navigating changing market conditions while still successfully servicing the needs of both buyers and sellers. Over 900 families were served by our agency in 2023, allowing us to remain at the forefront of real estate sales along the entire stretch of the Northwest Florida coastline from St. George Island to Navarre Beach. In the same vein, the resilience of this unique slice of Florida is proven again and again. While adjusting to ever-increasing full time populations along with the continued steady stream of visitors to our beachside communities, the Northwest Florida coast has continued to thrive, steadily adding new infrastructure, businesses, and services to make life along the Gulf of Mexico better than ever. Anticipating the trajectory of the 2024 real estate market, we foresee a landscape shaped by continued resilience and adaptation. As we delve into the new year, the market is expected to further shift, reflecting an equilibrium between buyers and sellers. With the lessons learned from the challenges of 2023, we anticipate a more stabilized environment, offering opportunities for both buyers and sellers to make informed decisions. The influx of inventory is likely to persist, creating a dynamic market with diverse options for prospective homeowners. While certain areas may exhibit pockets of strength, others may experience increased flexibility, fostering a balanced and sustainable market. Established in 2007 and affiliated with Berkshire Hathaway HomeServices since 2016, our agency became wholly owned by HomeServices of America in 2022. Our brand is built on trust, integrity, stability, and innovation. As an international leader in property sales and promotion, we are well positioned to guide you through any market conditions. Our experienced sales executives are ready to help you achieve the best possible outcome. As we look forward to brokering real estate sales along our coast in the new year, we feel blessed to have served so many extraordinary people in 2023. We eagerly welcome the opportunity to serve you in 2023 and beyond, navigating this resilient real estate landscape together.
ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
1
OFFICE LOCATIONS
1 Ft. Walton Beach
Choctawhatchee Bay 331
98
23
5 Destin Sandestin 4 Blue Mountain Beach WaterColor Seaside Seagrove WaterSound Beach Rosemary Beach
Northwest Florida Beaches Internationa Airport
79
6
West Bay
Panama City Beach
Gulf of Mexico 1. destin 151 Regions Way, Suite 4A Destin, FL 32541 850.502.2120
2. watercolor main 28B WaterColor Way Santa Rosa Beach, FL 32459 850.534.3006
3. watercolor crossings 49A WaterColor Way Santa Rosa Beach, FL 32459 850.213.5450
4. watersound beach 6652 E Co Hwy 30A, Ste 110 Watersound, FL 32461 850.213.5150
5. watersound community discovery center 34 Origins Main Street, Suite 101 Watersound, FL 32461 850.213.5170
6. pier park 15750 Panama City Beach Pkwy, #140 Panama City Beach, FL 32413 850.252.4160
7. windmark beach 101 Goodmorning Street Port St. Joe, FL 32456 850.296.3716
8. st. george island 140 West 1st Street, Ste B St. George Island, FL 32328 850.990.0020
al
20
20
231
Tallahassee
Lynn Haven Panama City Tyndall AFB
Mexico Beach
98
71
Apalachicola National Forest
7
WindMark Beach
Port St. Joe
Carrabelle
Apalachicola
Eastpoint
8 Cape San Blas
Apalachicola Bay
St. George Island
ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
2023 ACCOLADES
#
1
B R O K E R AG E O N 3 0 A *Tran s ac t i o n s
#1
B R O K E R AG E I N S O U T H WA LTO N *Tran s ac t i o n s
#2
B R O K E R AG E O N S T. G E O R G E I S L A N D + A PA L AC H I C O L A *Tran s ac t i o n s + Vo lu m e
TOP 4
B R O K E R AG E I N PA N A M A C I T Y B E AC H *Tran s ac t i o n s & Vo lu m e
#23
G LO B A L LY
B R O K E R AG E W I T H I N B E R K S H I R E H AT H AWAY H O M E S E R V I C E S N E T W O R K *2 022 G ro s s Co m m is s io n I n co m e
TOP 50
B R O K E R AG E W I T H I N B E R K S H I R E H AT H AWAY H O M E S E R V I C E S *A n n u al l y Si n c e 2 0 1 6
4
ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
TABLE OF CONTENTS
30a 30A OVERALL 8 30A EAST 10 R O S E M A R Y B E AC H 1 2 A LY S B E AC H 1 4 WAT E R S O U N D B E AC H 1 6 WAT E R S O U N D O R I G I N S 1 8 SEASIDE 20 WAT E R C O LO R 2 2 S A N TA R O S A B E AC H 2 4 30A WEST 26 N E W C O N S T R U C T I O N | S O U T H WA LTO N 2 8
emerald coast SANDESTIN 32 M I R A M A R B E AC H 3 4 DESTIN 36 DESTIN CONDOS 38 F O R T WA LTO N B E AC H 4 0 N AVA R R E B E AC H 4 2 N AVA R R E B E AC H C O N D O S 4 4
bay county PA N A M A C I T Y B E AC H 4 8 PA N A M A C I T Y B E AC H C O N D O S 5 0 PA N A M A C I T Y 5 2 N E W C O N S T R U C T I O N | B AY C O U N T Y 5 4
forgotten coast S T. G E O R G E I S L A N D 5 8 A PA L AC H I C O L A 6 0 CAPE SAN BLAS 62 P O R T S T. J O E 6 4 M E X I C O B E AC H / S T. J O E B E AC H 6 6 ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
30A OVERALL
AVERAGE SOLD PRICE
% GROWTH 2014 - 2023
147%
$2,000,000
$1,500,000
$1,111,652
$1,215,642
$1,223,457
$1,164,367
$1,482,849
$1,818,433
$2,310,881
$2,331,860
0
$1,024,829
$500,000
$945,777
$1,000,000
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
AVERAGE DAYS ON MARKET
55%
% GROWTH 2014 - 2023
400
300
200
6
159
139
140
124
115
108
42
40
69
0
155
100
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
30A OVERALL
PRICE PER SQUARE FOOT
138%
% GROWTH 2014 - 2023
$800
$600
$400
$383
$403
$426
$438
$433
$502
$632
$766
$798
0
$335
$200
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
NUMBER OF SALES
% GROWTH 2014 - 2023
18%
2,000
1,500
1,000
890
889
1,021
970
1,075
1,710
1,863
1,236
920
0
777
500
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
7
30A OVERALL
8
ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
30A OVERALL SINGLE FAMILY HOMES
1,236
$2,856,248,324
$2,310,881
$766
40
98%
2023
920
$2,145,311,527
$2,331,860
$798
69
96%
PERCENT CHANGE
26%
25%
1%
4%
73%
2%
26%
$
2023
$
2022
2022
2023
4%
98% 2022
96% 2023
2%
AVERAGE DAYS ON MARKET
2022
PERCENTAGE OF LIST PRICE SOLD
% OF LIST PRICE SOLD
798
AVERAGE DAYS ON MARKET
766
AVERAGE SOLD PRICE PER SQ. FT.
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE
920
SOLD VOLUME
1,236
NUMBER OF SALES
NUMBER OF SALES
YEAR
40 2022
69 2023
73%
ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
9
30A EAST
208 PARADISE BY THE SEA BLVD 10
ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
30A EAST SINGLE FAMILY HOMES
799
$2,150,125,177
$2,691,020
$851
36
98%
2023
655
$1,685,278,063
$2,572,944
$864
63
97%
PERCENT CHANGE
18%
22%
4%
1%
75%
1%
18%
$
2023
$
2022
2022
2023
1%
98% 2022
97% 2023
1%
AVERAGE DAYS ON MARKET
2022
PERCENTAGE OF LIST PRICE SOLD
% OF LIST PRICE SOLD
865
AVERAGE DAYS ON MARKET
851
AVERAGE SOLD PRICE PER SQ. FT.
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE
655
SOLD VOLUME
799
NUMBER OF SALES
NUMBER OF SALES
YEAR
36 2022
63 2023
75%
ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
11
ROSEMARY BEACH
10 TRIMINGHAM LANE ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
ROSEMARY BEACH SINGLE FAMILY HOMES
AVERAGE SOLD PRICE PER SQ. FT.
AVERAGE DAYS ON MARKET
% OF LIST PRICE SOLD
2022
50
$278,005,600
$5,560,112
$1,576
48
97%
2023
22
$115,385,000
$5,244,773
$1,762
49
96%
58%
6%
12%
2%
1%
56%
$
2023
$
2022
AVERAGE SOLD PRICE PER SQUARE FOOT
22
56%
50
NUMBER OF SALES
PERCENT CHANGE
2022
2023
12%
97% 2022
96% 2023
1%
AVERAGE DAYS ON MARKET
AVERAGE SOLD PRICE
PERCENTAGE OF LIST PRICE SOLD
SOLD VOLUME
1,762
NUMBER OF SALES
1,576
YEAR
48 2022
49 2023
2%
ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
13
ALYS BEACH
ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
ALYS BEACH SINGLE FAMILY HOMES
34
$220,336,927
$6,480,498
$1,759
13
100%
2023
33
$209,924,445
$6,361,347
$1,781
39
98%
PERCENT CHANGE
3%
5%
2%
1%
200%
2%
3%
$
2023
$
2022
2022
2023
1%
100% 2022
98% 2023
2%
AVERAGE DAYS ON MARKET
2022
PERCENTAGE OF LIST PRICE SOLD
% OF LIST PRICE SOLD
1,781
AVERAGE DAYS ON MARKET
1,759
AVERAGE SOLD PRICE PER SQ. FT.
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE
33
SOLD VOLUME
34
NUMBER OF SALES
NUMBER OF SALES
YEAR
13 2022
39 2023
200%
ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
15
WATERSOUND BEACH
85 N WATCH TOWER LANE 16
ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
WATERSOUND BEACH SINGLE FAMILY HOMES
26
$109,880,000
$4,226,154
$1,137
28
98%
2023
28
$128,764,000
$4,598,714
$1,356
82
95%
PERCENT CHANGE
8%
17%
9%
19%
193%
3%
8%
$
2023
$
2022
2022
2023
19%
98% 2022
95% 2023
3%
AVERAGE DAYS ON MARKET
2022
PERCENTAGE OF LIST PRICE SOLD
% OF LIST PRICE SOLD
1,356
AVERAGE DAYS ON MARKET
1,137
AVERAGE SOLD PRICE PER SQ. FT.
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE
28
SOLD VOLUME
26
NUMBER OF SALES
NUMBER OF SALES
YEAR
28 2022
82 2023
193%
ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
17
WATERSOUND ORIGINS
21 JACK KNIFE DRIVE 18
ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
WATERSOUND ORIGINS SINGLE FAMILY HOMES
AVERAGE SOLD PRICE PER SQ. FT.
AVERAGE DAYS ON MARKET
% OF LIST PRICE SOLD
2022
148
$167,149,053
$1,129,385
$439
15
99%
2023
169
$212,108,610
$1,255,081
$470
37
100%
27%
11%
7%
147%
1%
14%
$
2023
$
2022
AVERAGE SOLD PRICE PER SQUARE FOOT
169
14%
148
NUMBER OF SALES
PERCENT CHANGE
2022
2023
7%
99% 2022
100% 2023
1%
AVERAGE DAYS ON MARKET
AVERAGE SOLD PRICE
PERCENTAGE OF LIST PRICE SOLD
SOLD VOLUME
470
NUMBER OF SALES
439
YEAR
15 2022
37 2023
147%
ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
19
SEASIDE
20
ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
SEASIDE SINGLE FAMILY HOMES
12
$39,842,000
$3,320,167
$1,723
23
98%
2023
12
$48,228,000
$4,019,000
$2,441
17
99%
PERCENT CHANGE
0%
21%
21%
42%
26%
1%
0%
$
2023
$
2022
2022
2023
42%
98% 2022
99% 2023
1%
AVERAGE DAYS ON MARKET
2022
PERCENTAGE OF LIST PRICE SOLD
% OF LIST PRICE SOLD
2,441
AVERAGE DAYS ON MARKET
1,723
AVERAGE SOLD PRICE PER SQ. FT.
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE
12
SOLD VOLUME
12
NUMBER OF SALES
NUMBER OF SALES
YEAR
23 2022
17 2023
26%
ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
21
WATERCOLOR
668 E ROYAL FERN WAY 22
ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
WATERCOLOR SINGLE FAMILY HOMES
72
$254,709,786
$3,537,636
$1,078
40
98%
2023
54
$193,477,500
$3,582,917
$1,095
83
96%
PERCENT CHANGE
25%
24%
1%
2%
108%
2%
25%
$
2023
$
2022
2022
2023
2%
98% 2022
96% 2023
2%
AVERAGE DAYS ON MARKET
2022
PERCENTAGE OF LIST PRICE SOLD
% OF LIST PRICE SOLD
1,095
AVERAGE DAYS ON MARKET
1,078
AVERAGE SOLD PRICE PER SQ. FT.
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE
54
SOLD VOLUME
72
NUMBER OF SALES
NUMBER OF SALES
YEAR
40 2022
83 2023
108%
ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
23
SANTA ROSA BEACH
215 WOOD BEACH DRIVE 24
ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
SANTA ROSA BEACH SINGLE FAMILY HOMES
514
$397,717,286
$773,769
$327
45
98%
2023
388
$308,037,314
$793,911
$330
83
97%
PERCENT CHANGE
25%
23%
3%
1%
84%
1%
25%
$
2023
$
2022
2022
2023
1%
98% 2022
97% 2023
1%
AVERAGE DAYS ON MARKET
2022
PERCENTAGE OF LIST PRICE SOLD
% OF LIST PRICE SOLD
330
AVERAGE DAYS ON MARKET
327
AVERAGE SOLD PRICE PER SQ. FT.
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE
388
SOLD VOLUME
514
NUMBER OF SALES
NUMBER OF SALES
YEAR
45 2022
83 2023
84%
ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
25
30A WEST
114 LOON LAKE DRIVE 26
ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
30A WEST SINGLE FAMILY HOMES
438
$706,863,448
$1,613,843
$608
46
98%
2023
265
$460,033,463
$1,735,975
$636
85
96%
PERCENT CHANGE
39%
35%
8%
5%
85%
2%
39%
$
2023
$
2022
2022
2023
5%
98% 2022
96% 2023
2%
AVERAGE DAYS ON MARKET
2022
PERCENTAGE OF LIST PRICE SOLD
% OF LIST PRICE SOLD
636
AVERAGE DAYS ON MARKET
608
AVERAGE SOLD PRICE PER SQ. FT.
AVERAGE SOLD PRICE PER SQ.UARE FOOT
AVERAGE SOLD PRICE
265
SOLD VOLUME
438
NUMBER OF SALES
NUMBER OF SALES
YEAR
46 2022
85 2023
85%
ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
27
NEW CONSTRUCTION | SOUTH WALTON
KAIYA BEACH RESORT 28
ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
NEW CONSTRUCTION | SOUTH WALTON SINGLE FAMILY HOMES
323
$507,407,212
$1,570,920
$488
44
99%
2023
234
$413,881,955
$1,768,726
$545
46
99%
PERCENT CHANGE
28%
18%
13%
12%
5%
0%
28%
$
2023
$
2022
2022
2023
12%
99% 2022
99% 2023
0%
AVERAGE DAYS ON MARKET
2022
PERCENTAGE OF LIST PRICE SOLD
% OF LIST PRICE SOLD
545
AVERAGE DAYS ON MARKET
488
AVERAGE SOLD PRICE PER SQ. FT.
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE
234
SOLD VOLUME
323
NUMBER OF SALES
NUMBER OF SALES
YEAR
44 2022
46 2023
5%
ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
29
EMERALD COAST
DESTIN | SANDESTIN | MIRAMAR BEACH
AVERAGE SOLD PRICE
% GROWTH 2014 - 2023
156%
$2,000,000
$1,500,000
$600,739
$646,260
$718,754
$692,547
$861,337
$1,153,106
$1,407,840
$1,343,427
0
$567,575
$500,000
$524,493
$1,000,000
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
AVERAGE DAYS ON MARKET
% GROWTH 2014 - 2023
39%
400
300
200
30
113
98
95
2016
2017
2018
2019
2020
75
129
2015
36
131
2014
44
137
0
122
100
2021
2022
2023
ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
EMERALD COAST
PRICE PER SQUARE FOOT
126%
% GROWTH 2014 - 2023
$800
$600
$400
$214
$224
$242
$257
$262
$297
$390
$481
$471
0
$208
$200
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
NUMBER OF SALES
11%
% GROWTH 2014 - 2023
1,200
1,000
800
714
758
788
811
872
1,059
1,225
795
586
0
662
600
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
31
SANDESTIN
32
ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
SANDESTIN SINGLE FAMILY HOMES
169
$254,640,214
$1,506,747
$540
29
97%
2023
118
$204,079,247
$1,729,485
$584
62
95%
PERCENT CHANGE
30%
20%
15%
8%
114%
2%
30%
$
2023
$
2022
2022
2023
8%
97% 2022
95% 2023
2%
AVERAGE DAYS ON MARKET
2022
PERCENTAGE OF LIST PRICE SOLD
% OF LIST PRICE SOLD
584
AVERAGE DAYS ON MARKET
540
AVERAGE SOLD PRICE PER SQ. FT.
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE
118
SOLD VOLUME
169
NUMBER OF SALES
NUMBER OF SALES
YEAR
29 2022
62 2023
114%
ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
33
MIRAMAR BEACH
1871 BOARDWALK DRIVE 34
ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
MIRAMAR BEACH SINGLE FAMILY HOMES
AVERAGE SOLD PRICE PER SQ. FT.
AVERAGE DAYS ON MARKET
% OF LIST PRICE SOLD
2022
214
$312,708,722
$1,461,256
$506
41
98%
2023
160
$206,827,469
$1,292,672
$467
97
96%
34%
12%
8%
137%
2%
25%
$
2023
$
2022
AVERAGE SOLD PRICE PER SQUARE FOOT
160
25%
214
NUMBER OF SALES
PERCENT CHANGE
2022
2023
8%
98% 2022
96% 2023
2%
AVERAGE DAYS ON MARKET
AVERAGE SOLD PRICE
PERCENTAGE OF LIST PRICE SOLD
SOLD VOLUME
467
NUMBER OF SALES
506
YEAR
41 2022
97 2023
137%
ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
35
DESTIN
36
ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
DESTIN SINGLE FAMILY HOMES
412
$551,884,162
$1,339,525
$443
37
97%
2023
308
$376,341,501
$1,221,888
$430
69
96%
PERCENT CHANGE
25%
32%
9%
3%
86%
1%
25%
$
2023
$
2022
2022
2023
3%
97% 2022
96% 2023
1%
AVERAGE DAYS ON MARKET
2022
PERCENTAGE OF LIST PRICE SOLD
% OF LIST PRICE SOLD
430
AVERAGE DAYS ON MARKET
443
AVERAGE SOLD PRICE PER SQ. FT.
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE
308
SOLD VOLUME
412
NUMBER OF SALES
NUMBER OF SALES
YEAR
37 2022
69 2023
86%
ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
37
DESTIN CONDOS
1080 HIGHWAY 98 804 38
ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
DESTIN CONDOS
723
$474,173,748
$655,842
$516
48
98%
2023
491
$381,226,738
$776,429
$562
72
97%
PERCENT CHANGE
32%
20%
18%
9%
50%
1%
32%
$
2023
$
2022
2022
2023
9%
98% 2022
97% 2023
1%
AVERAGE DAYS ON MARKET
2022
PERCENTAGE OF LIST PRICE SOLD
% OF LIST PRICE SOLD
562
AVERAGE DAYS ON MARKET
516
AVERAGE SOLD PRICE PER SQ. FT.
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE
491
SOLD VOLUME
723
NUMBER OF SALES
NUMBER OF SALES
YEAR
48 2022
72 2023
50%
ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
39
FORT WALTON BEACH
40
ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
FORT WALTON BEACH SINGLE FAMILY HOMES
1,207
$482,909,999
$400,091
$219
23
99%
2023
903
$369,971,182
$409,713
$225
37
98%
PERCENT CHANGE
25%
23%
2%
3%
61%
1%
25%
$
2023
$
2022
2022
2023
3%
99% 2022
98% 2023
1%
AVERAGE DAYS ON MARKET
2022
PERCENTAGE OF LIST PRICE SOLD
% OF LIST PRICE SOLD
225
AVERAGE DAYS ON MARKET
219
AVERAGE SOLD PRICE PER SQ. FT.
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE
903
SOLD VOLUME
1,207
NUMBER OF SALES
NUMBER OF SALES
YEAR
23 2022
37 2023
61%
ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
41
NAVARRE BEACH
42
ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
NAVARRE BEACH SINGLE FAMILY HOMES
AVERAGE DAYS ON MARKET
% OF LIST PRICE SOLD
2022
45
$59,260,500
$1,316,900
$617
39
97%
2023
36
$50,440,248
$1,401,118
$619
110
95%
PERCENT CHANGE
20%
6%
0%
182%
2%
20%
619 $
617 $
2023
AVERAGE SOLD PRICE PER SQUARE FOOT
2022
15%
2022
2023
0%
97% 2022
95% 2023
2%
AVERAGE DAYS ON MARKET
AVERAGE SOLD PRICE PER SQ. FT.
PERCENTAGE OF LIST PRICE SOLD
AVERAGE SOLD PRICE
36
SOLD VOLUME
45
NUMBER OF SALES
NUMBER OF SALES
YEAR
39 2022
110 2023
182%
ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
43
NAVARRE BEACH CONDOS
8499 GULF BLVD 23 44
ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
NAVARRE BEACH CONDOS
AVERAGE DAYS ON MARKET
% OF LIST PRICE SOLD
2022
82
$53,388,900
$651,084
$509
55
98%
2023
60
$41,775,210
$696,254
$550
61
96%
PERCENT CHANGE
27%
7%
8%
11%
2%
27%
550 $
509 $
2023
AVERAGE SOLD PRICE PER SQUARE FOOT
2022
22%
2022
2023
8%
98% 2022
96% 2023
2%
AVERAGE DAYS ON MARKET
AVERAGE SOLD PRICE PER SQ. FT.
PERCENTAGE OF LIST PRICE SOLD
AVERAGE SOLD PRICE
60
SOLD VOLUME
82
NUMBER OF SALES
NUMBER OF SALES
YEAR
55 2022
61 2023
11%
ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
45
PANAMA CITY BEACH
AVERAGE SOLD PRICE
% GROWTH 2013 - 2023
194%
$300,000 $200,000
2014
2015
2016
2017
2018
AVERAGE DAYS ON MARKET
2019
$441,294
$357,241
$312,780
$294,692
$400,000
$249,000
$500,000
$272,069
$600,000
$374,667
$700,000
2020
$529,645
$800,000
2021
$633,559
$900,000
2022
$733,207
$1,000,000
2023
39%
% GROWTH 2014 - 2023
200
150
100
46
107
97
100
79
66
68
44
36
69
0
114
50
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
PRICE PER SQUARE FOOT
447%
% GROWTH 2014 - 2023
$800
$744
PANAMA CITY BEACH
$700
$600
$327
$500
2016
2018
NUMBER OF SALES
2019
2020
$261
2017
$218
2015
$186
2014
$170
$161
$100
$147
$200
$136
$300
$194
$400
2021
% GROWTH 2014 - 2023
2022
2023
39%
1,500
1,250
1,000
872
931
940
918
1,027
1,139
1,287
1,103
1,028
500
742
750
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
47
PANAMA CITY BEACH
422 BAY POINT ROAD 48
ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
PANAMA CITY BEACH SINGLE FAMILY HOMES
1,103
$698,815,030
$633,559
$327
36
98%
2023
1,028
$753,737,126
$733,207
$744
69
97%
PERCENT CHANGE
7%
8%
16%
127%
92%
1%
7%
$
2023
$
2022
2022
2023
127%
98% 2022
97% 2023
1%
AVERAGE DAYS ON MARKET
2022
PERCENTAGE OF LIST PRICE SOLD
% OF LIST PRICE SOLD
744
AVERAGE DAYS ON MARKET
327
AVERAGE SOLD PRICE PER SQ. FT.
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE
1,028
SOLD VOLUME
1,103
NUMBER OF SALES
NUMBER OF SALES
YEAR
36 2022
69 2023
92%
ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
49
PANAMA CITY BEACH CONDOS
50
ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
PANAMA CITY BEACH CONDOS
1,644
$771,633,856
$469,364
$429
39
98%
2023
1,157
$555,950,107
$480,510
$440
70
96%
PERCENT CHANGE
30%
28%
2%
3%
79%
2%
30%
$
2023
$
2022
2022
2023
3%
98% 2022
96% 2023
2%
AVERAGE DAYS ON MARKET
2022
PERCENTAGE OF LIST PRICE SOLD
% OF LIST PRICE SOLD
440
AVERAGE DAYS ON MARKET
429
AVERAGE SOLD PRICE PER SQ. FT.
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE
1,157
SOLD VOLUME
1,644
NUMBER OF SALES
NUMBER OF SALES
YEAR
39 2022
70 2023
79%
ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
51
PANAMA CITY
526 BUNKERS COVE 52
ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
PANAMA CITY SINGLE FAMILY HOMES
AVERAGE SOLD PRICE PER SQ. FT.
AVERAGE DAYS ON MARKET
% OF LIST PRICE SOLD
2022
2,129
$702,666,865
$330,045
$175
39
98%
2023
1,724
$579,032,427
$335,866
$183
59
98%
18%
2%
4%
51%
0%
19%
$
2023
$
2022
AVERAGE SOLD PRICE PER SQUARE FOOT
1,724
19%
2,129
NUMBER OF SALES
PERCENT CHANGE
2022
2023
4%
98% 2022
98% 2023
0%
AVERAGE DAYS ON MARKET
AVERAGE SOLD PRICE
PERCENTAGE OF LIST PRICE SOLD
SOLD VOLUME
183
NUMBER OF SALES
175
YEAR
39 2022
59 2023
51%
ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
53
NEW CONSTRUCTION | BAY COUNTY
BREAKFAST POINT EAST 54
ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
NEW CONSTRUCTION | BAY COUNTY SINGLE FAMILY HOMES
501
$231,319,022
$461,715
$224
39
100%
2023
598
$354,064,910
$592,082
$955
51
100%
PERCENT CHANGE
19%
53%
28%
326%
31%
0%
19%
$
2023
$
2022
2022
2023
326%
100% 2022
100% 2023
0%
AVERAGE DAYS ON MARKET
2022
PERCENTAGE OF LIST PRICE SOLD
% OF LIST PRICE SOLD
955
AVERAGE DAYS ON MARKET
224
AVERAGE SOLD PRICE PER SQ. FT.
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE
598
SOLD VOLUME
501
NUMBER OF SALES
NUMBER OF SALES
YEAR
39 2022
51 2023
31%
ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
55
FORGOTTEN COAST CAPE SAN BLAS | ST. GEORGE ISLAND
AVERAGE SOLD PRICE
% GROWTH 2014 - 2023
154%
$1,000,000
$800,000
$570,107
$617,147
$672,758
$654,059
$790,518
$1,071,145
$1,246,885
$1,203,200
$200,000
$563,336
$400,000
$489,459
$600,000
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
AVERAGE DAYS ON MARKET
% GROWTH 2014 - 2023
66%
400
300
200
56
218
176
207
356
121
127
64
57
82
0
244
100
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
FORGOTTEN COAST
PRICE PER SQUARE FOOT
% GROWTH 2014 - 2023
124%
$600
$500
$400
$300
$268
$277
$298
$307
$311
$366
$485
$573
$550
$100
$245
$200
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
NUMBER OF SALES
% GROWTH 2014 - 2023
16%
300
250
200
158
155
165
169
144
269
323
261
171
100
147
150
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
57
ST. GEORGE ISLAND
1248 E GULF BEACH DRIVE 58
ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
ST. GEORGE ISLAND SINGLE FAMILY HOMES
AVERAGE DAYS ON MARKET
% OF LIST PRICE SOLD
2022
120
$153,697,348
$1,280,811
$589
77
95%
2023
88
$114,853,600
$1,305,155
$596
98
95%
PERCENT CHANGE
27%
2%
1%
27%
0%
27%
596 $
589 $
2023
AVERAGE SOLD PRICE PER SQUARE FOOT
2022
25%
2022
2023
1%
95% 2022
95% 2023
0%
AVERAGE DAYS ON MARKET
AVERAGE SOLD PRICE PER SQ. FT.
PERCENTAGE OF LIST PRICE SOLD
AVERAGE SOLD PRICE
88
SOLD VOLUME
120
NUMBER OF SALES
NUMBER OF SALES
YEAR
77 2022
98 2023
27%
ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
59
APALACHICOLA
28 7TH STREET 60
ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
APALACHICOLA SINGLE FAMILY HOMES
AVERAGE DAYS ON MARKET
% OF LIST PRICE SOLD
2022
46
$17,687,505
$384,511
$234
121
94%
2023
42
$15,746,500
$374,917
$253
122
93%
9%
11%
2%
8%
1%
1%
2023
9%
$
42
2022
$
46
NUMBER OF SALES
PERCENT CHANGE
2022
2023
8%
94% 2022
93% 2023
1%
AVERAGE DAYS ON MARKET
AVERAGE SOLD PRICE PER SQ. FT.
PERCENTAGE OF LIST PRICE SOLD
AVERAGE SOLD PRICE
253
SOLD VOLUME
234
NUMBER OF SALES
AVERAGE SOLD PRICE PER SQUARE FOOT
YEAR
121 2022
122 2023
1%
ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
61
CAPE SAN BLAS
952 INDIAN PASS ROAD 62
ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
CAPE SAN BLAS SINGLE FAMILY HOMES
141
$171,739,729
$1,218,012
$559
40
97%
2023
83
$90,893,675
$1,202,253
$500
65
95%
PERCENT CHANGE
41%
47%
1%
11%
63%
2%
41%
$
2023
$
2022
2022
2023
11%
97% 2022
95% 2023
2%
AVERAGE DAYS ON MARKET
2022
PERCENTAGE OF LIST PRICE SOLD
% OF LIST PRICE SOLD
500
AVERAGE DAYS ON MARKET
559
AVERAGE SOLD PRICE PER SQ. FT.
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE SOLD PRICE
83
SOLD VOLUME
141
NUMBER OF SALES
NUMBER OF SALES
YEAR
40 2022
65 2023
63%
ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
63
PORT ST. JOE
64
ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
PORT ST. JOE SINGLE FAMILY HOMES
AVERAGE SOLD PRICE PER SQ. FT.
AVERAGE DAYS ON MARKET
% OF LIST PRICE SOLD
2022
112
$39,265,573
$350,585
$233
43
96%
2023
86
$32,446,530
$377,285
$234
63
95%
17%
8%
0%
47%
1%
23%
$
2023
$
2022
AVERAGE SOLD PRICE PER SQUARE FOOT
86
23%
112
NUMBER OF SALES
PERCENT CHANGE
2022
2023
0%
96% 2022
95% 2023
1%
AVERAGE DAYS ON MARKET
AVERAGE SOLD PRICE
PERCENTAGE OF LIST PRICE SOLD
SOLD VOLUME
234
NUMBER OF SALES
233
YEAR
43 2022
63 2023
47%
ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
65
MEXICO BEACH | ST. JOE BEACH
8105 HWY 98 66
ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
MEXICO BEACH | ST. JOE BEACH SINGLE FAMILY HOMES
AVERAGE DAYS ON MARKET
% OF LIST PRICE SOLD
2022
166
$102,395,361
$616,840
$329
46
93%
2023
217
$136,220,671
$627,745
$323
112
97%
PERCENT CHANGE
31%
2%
2%
143%
5%
31%
323 $
329 $
2023
AVERAGE SOLD PRICE PER SQUARE FOOT
2022
33%
2022
2023
2%
93% 2022
97% 2023
5%
AVERAGE DAYS ON MARKET
AVERAGE SOLD PRICE PER SQ. FT.
PERCENTAGE OF LIST PRICE SOLD
AVERAGE SOLD PRICE
217
SOLD VOLUME
166
NUMBER OF SALES
NUMBER OF SALES
YEAR
46 2022
112 2023
143%
ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
67
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Get to know us at BeachPropertiesFLA.com EMERALD COAST | SOUTH WALTON | BAY COUNTY | FORGOTTEN COAST Market data for 2023 as of 1/8/24. Infromation reported is deemed reliable but is not guaranteeed. ©2024 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.