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
PANAMA CITY BEACH AVERAGE SOLD PRICE $400,000
$300,000
$200,000
$100,000
65%
% GROWTH 2010 - 2019
0
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
AVERAGE DAYS ON MARKET 400
300
200
100
-60%
% GROWTH 2010 - 2019
0
2010
2011
2012
2013
2014
2015
2016
2017
MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
2018
2019
PANAMA CITY BEACH PRICE PER SQUARE FOOT $200
$150
$100
$50
63%
% GROWTH 2010 - 2019
0
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
NUMBER OF SALES 1,000
750
500
250
115%
% GROWTH 2010 - 2019
0
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
BC
BAY COUNTY PANAMA CI TY BEACH CONDOS PANAMA CI TY BEACH PANAMA CI TY
PANAMA CITY BEACH CONDOS BC
11347 FRONT BEACH ROAD UNIT #1206
MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
PANAMA CITY BEACH CONDOS
1,575
1,553
2018
2019
$ 273,143
$ 280,090
2018
2019
3%
$ 236
$ 240
2018
2019
2%
93
77
2018
2019
97%
97%
2018
2019
1%
17%
0%
MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
PANAMA CITY BEACH BC
14208 FRONT BEACH ROAD
MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
PANAMA CITY BEACH
918
1,027
2018
2019
$ 357,242
$ 374,512
2018
2019
$ 186
$ 196
2018
2019
81
67
2018
2019
97%
97%
2018
2019
12%
5%
4%
17%
0%
MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
PANAMA CITY BC
211 SHOREVIEW DRIVE
MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
PANAMA CITY
1,353
1,797
2018
2019
$ 207,578
$ 201,764
2018
2019
3%
$ 116
$ 114
2018
2019
2%
70
44
2018
2019
97%
97%
2018
2019
33%
37%
0%
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.