2019 MARKET REPORT
MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
INSPIRE Living along the world?s most beautiful beaches, every day is filled with promise. I t 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. I nspiration 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. I n 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, I nspire 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. I nvestment-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? I s it the sound of crashing waves or the feel of the sugar-white sand beneath your feet? I s 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? I s 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 on the coast? 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 2020 the year we find your coastal inspiration.
MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
#1 BROKERAGE ON 30A 2019 *Transactions
#1 BROKERAGE ON 30A EAST 2019 *Volume & Transactions
#1 BROKERAGE ON ST GEORGE ISLAND 2019 *Volume
TOP 3 BROKERAGE ON THE FORGOTTEN COAST 2019 *Volume
TOP 50 BROKERAGE WITHIN BERKSHIRE HATHAWAY HOMESERVICES 2016 & 2017 & 2018 *Gross Commission I ncome
MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
FORGOTTEN COAST AVERAGE SOLD PRICE $400,000
$300,000
$200,000
$100,000
20%
% GROWTH 2010 - 2019
0
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
AVERAGE DAYS ON MARKET 400
300
200
100
-65%
% GROWTH 2010 - 2019
0
2010
2011
2012
2013
2014
2015
2016
2017
MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
2018
2019
FORGOTTEN COAST PRICE PER SQUARE FOOT $200
$150
$100
$50
31%
% GROWTH 2010 - 2019
0
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
NUMBER OF SALES 600
500
400
300
0
112%
% GROWTH 2010 - 2019
200
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
FC
FORGOTTEN COAST APALACHI COLA ST. GEORGE I SLAND CAPE SAN BLAS MEXI CO BEACH / ST. JOE BEACH PORT ST. JOE
APALACHICOLA FC
154 BAY AVE
MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
APALACHICOLA
48
35
2018
2019
$ 289,042
$ 216,519
2018
2019
$ 159
$ 158
2018
2019
237
133
2018
2019
93 %
93 %
2018
2019
27%
25%
1%
44%
0%
MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
ST. GEORGE ISLAND FC
1552 SEASIDE DRIVE
MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
ST. GEORGE ISLAND
98
75
2018
2019
$ 677,879
$ 694,687
2018
2019
$ 296
$ 336
2018
2019
236
131
2018
2019
94 %
92 %
2018
2019
23%
2%
14%
44%
2%
MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
CAPE SAN BLAS FC
131 TURTLE WALK
MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
CAPE SAN BLAS
71
72
2018
2019
$ 665,689
$ 599,270
2018
2019
10%
$ 323
$ 284
2018
2019
12%
230
106
2018
2019
92 %
94 %
2018
1%
54%
1%
2019
MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
MEXICO BEACH | ST. JOE BEACH FC
8709 HIGHWAY 98 WEST
MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
MEXICO BEACH | ST. JOE BEACH
102
132
2018
2019
$ 346,230
$ 310,817
2018
2019
$ 231
$ 181
2018
2019
137
67
2018
2019
96 %
87%
2018
2019
29%
10%
22%
51%
8%
MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
PORT ST. JOE FC
127 HUNTER CIRCLE
MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
PORT ST. JOE
75
103
2018
2019
$ 200,525
$ 173,463
2018
2019
13%
$ 133
$ 113
2018
2019
15%
102
56
2018
2019
93 %
95 %
2018
2019
37%
45%
2%
MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
LOCALLY KNOWN.
NATIONALLY RECOGNIZED.
GLOBALLY RESPECTED.
28 B WaterColor Way WaterColor, Florida 32459 www.BeachPropertiesFLA.com ©2020 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 HomeServices of America, Inc.®Equal Housing Opportunity.