MARKET REPORT | Q1 2018
155 BANNERMA
SOLD F
AN BEACH LANE
FOR $10,100,000
#
1
AGENT IN PANAMA CITY BEACH CONDO SALES Q1 2 018
#
5
HIGHEST PRODUCING BROKERAGE IN PANAMA CITY BEACH CONDO SALES Q1 2 018
#
1
BROKERAGE FROM INLET BEACH TO SANDESTIN Q1 2 018
#
1
HIGHEST PRICED SALE OF THE YEAR IN NORTHWEST FLORIDA $ 10,100,000
$
145,000,000 BROKERAGE SALES VOLUME Q1 2 018
#
32
RANKING WITHIN 1,350+ BERKSHIRE HATHAWAY HOMESERVICES GLOBAL OFFICES
HOW’S THE MARKET? We hear that question daily. Reviewing the past six years on the Gulf Coast shows a growth-oriented market reflecting national trends. For this report, side-by-side comparisons have been made showing the fourth quarter of 2017 against the first quarter of 2018. The market has changed a great deal over the last twelve months, but quarterly gains are especially noteworthy. Steady growth is evidenced by the increase in average prices, rising percentage of listing price sold and the reduction in days on the market. This steady growth is occurring on an almost daily basis, making quarterly reporting a priority to get the best sense of our current cycle. Minor fluctuations can be seen, but the market data shows the strength and stability of Northwest Florida real estate. Interest in coastal homes is at all time high; demand exceeds supply and that drives the growth of our local market. So… how’s the market? Let us show you.
#GOODTOKNOW AVERAGE SOLD PRICE : The average sold price of a property. PRICE PER SQUARE FOOT : The average sold price per square foot. AVERAGE DAYS ON MARKET : An average of a property’s cumulative days on the market prior to its sale. NUMBER OF SALES : Total number of residential home sales. PERCENTAGE OF LIST PRICE SOLD : The percentage of the home’s original list price compared to its final sold price. All reporting is based on sales data for Residential, Detached Single Family properties with the exception of Panama City Beach condos. All information is deemed to be reliable, but is not guaranteed.
BC
BAY COUNTY PANAMA CITY BEACH CONDOS PANAMA CITY BEACH PANAMA CITY
PANAMA CITY BEACH CONDOS BC
15625 FRONT BEACH ROAD
8
MARKET REPORT Q1 2018 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
PANAMA CITY BEACH CONDOS
333
395
NUMBER OF SALES Q4 20 1 7
NUMBER OF SALES Q1 2018
$
255,321
AVERAGE SOLD PRICE Q4 20 1 7
$
223
$
265,848
AVERAGE SOLD PRICE Q1 2018
$
235
AVERAGE PRICE PER SQUARE FOOT Q 4 20 1 7
AVERAGE PRICE PER SQUARE FOOT Q1 2018
149
103
AVERAGE DAYS ON MARKET Q4 20 1 7
AVERAGE DAYS ON MARKET Q1 2018
96%
96%
PERCENTAGE OF LIST PRICE SOLD Q4 20 1 7
PERCENTAGE OF LIST PRICE SOLD Q1 2018
MARKET REPORT Q1 2018 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
9
PANAMA CITY BEACH BC
8737 NORTH LAGOON DRIVE
10
MARKET REPORT Q1 2018 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
PANAMA CITY BEACH
210
232
NUMBER OF SALES Q4 20 1 7
NUMBER OF SALES Q1 2018
$
301,044
AVERAGE SOLD PRICE Q4 20 1 7
$
169
$
310,505
AVERAGE SOLD PRICE Q1 2018
$
175
AVERAGE PRICE PER SQUARE FOOT Q 4 20 1 7
AVERAGE PRICE PER SQUARE FOOT Q1 2018
110
88
AVERAGE DAYS ON MARKET Q4 20 1 7
AVERAGE DAYS ON MARKET Q1 2018
96%
96%
PERCENTAGE OF LIST PRICE SOLD Q4 20 1 7
PERCENTAGE OF LIST PRICE SOLD Q1 2018
MARKET REPORT Q1 2018 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
11
PANAMA CITY BC
3604 BILTMORE DRIVE
12
MARKET REPORT Q1 2018 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
PANAMA CITY
313
319
NUMBER OF SALES Q4 20 1 7
NUMBER OF SALES Q1 2018
201,896
$
$
AVERAGE SOLD PRICE Q4 20 1 7
$
112
210,417
AVERAGE SOLD PRICE Q1 2018
$
112
AVERAGE PRICE PER SQUARE FOOT Q 4 20 1 7
AVERAGE PRICE PER SQUARE FOOT Q1 2018
85
85
AVERAGE DAYS ON MARKET Q4 20 1 7
AVERAGE DAYS ON MARKET Q1 2018
98%
97%
PERCENTAGE OF LIST PRICE SOLD Q4 20 1 7
PERCENTAGE OF LIST PRICE SOLD Q1 2018
MARKET REPORT Q1 2018 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
13
LOCALLY KNOWN. NATIONALLY RECOGNIZED. GLOBALLY RESPECTED.
49A WaterColor Way, WaterColor, FL 32459 www.BeachPropertiesFLA.com ©2018 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.