Q1 2022
market report
2022 ACCOLADES
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B R O K E R AG E O N 3 0 A *Tra n s a ct i o ns | Q1 2022
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B R O K E R AG E I N PA N A M A C I T Y B E AC H * Vo l u m e & Transactions | Q1 2022
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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 * Vo l u m e & Transactions | Q1 2022
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B R O K E R AG E O N T H E F O R G OT T E N C OA S T * Vo l u m e & Transactions | Q1 2022
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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 201 6 & 2 017, 2 018, 2 019, 2 02 0, 2 02 1 *G ro s s Co mm i s s io n In co m e
$2,131,251,941 2 0 2 1 C O M PA N Y S A L E S V O LU M E 2
MARKET REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
TABLE OF CONTENTS
bay county PA N A M A C I T Y B E AC H C O N D O S 6 PA N A M A C I T Y B E AC H 8 PA N A M A C I T Y 1 0 N E W C O N S T R U C T I O N | B AY C O U N T Y 1 2
MARKET REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
3
office locations 1 Ft. Walton Beach
Choctawhatchee Bay 331
98
2
34
Destin Sandestin 5 Blue Mountain Beach WaterColor Seaside Seagrove WaterSound Beach Rosemary Beach
Northwest Florida Beaches Internationa Airport
79
Panama City Beach
1. DESTIN
6. PIER PARK
151 Regions Way, Suite 4A Destin, FL 32541 850.502.2120
15750 Panama City Beach Pkwy, #140 Panama City Beach, FL 32413 850.252.4160
2. 30A WEST
7. PORT ST. JOE
1598 S. Co. Hwy 393, Suite 101 Santa Rosa Beach, FL 32459
200 A Reid Ave Port St. Joe, FL 32459 850.227.3300
3. WATERCOLOR MAIN 28B WaterColor Way Santa Rosa Beach, FL 32459 850.534.3006
4. WATERCOLOR CROSSINGS 49A WaterColor Way Santa Rosa Beach, FL 32459 850.213.5450
5. WATERSOUND BEACH
8. WINDMARK BEACH 101 Goodmorning Street Port St. Joe, FL 32459 850.296.3716
9. ST. GEORGE ISLAND 140 West 1st Street, Ste B St. George Island, FL 32328 850.927.6000
6652 E Co Hwy 30A, Ste 110 WaterSound, FL 32459 850.213.5150
4
MARKET REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
6
West Bay
al
20
20
231
Tallahassee
Lynn Haven Panama City Tyndall AFB
Mexico Beach
98
71
Apalachicola National Forest
7
Windmark Beach
8 Port St. Joe
Carrabelle
Apalachicola
Eastpoint
9 Cape San Blas
Apalachicola Bay
St. George Island
5
PANAMA CITY BEACH CONDOS
36
MARKET REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
PANAMA CITY BEACH CONDOS
5%
$289
59
98%
$253,505,984
$449,479
$411
41
99%
31%
38%
Q1 2021
Q1 2022
42%
42%
98% Q1 2021
99% Q1 2022
1%
31%
AVERAGE DAYS ON MARKET
Q1 2022
$326,686
PERCENTAGE OF LIST PRICE SOLD
Q1 2021
$193,724,774
411
5%
% OF LIST PRICE SOLD
$
PERCENT CHANGE
AVERAGE DAYS ON MARKET
289
564
AVERAGE PRICE SF
$
Q1 2022
AVERAGE SOLD PRICE
SOLD VOLUME
AVERAGE SOLD PRICE PER SQUARE FOOT
593
564
Q1 2021
593
NUMBER OF SALES
NUMBER OF SALES
YEAR
1%
59 Q1 2021
41 Q1 2022
31%
Q1 2022 MARKET REPORT | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
7
PANAMA CITY BEACH
38
MARKET REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
PANAMA CITY BEACH SINGLE FAMILY HOMES
$495,432
$233
75
98%
$178,644,985
$581,905
$303
36
99%
Q1 2021
Q1 2022
2%
29%
AVERAGE SOLD PRICE PER SQUARE FOOT
307
2%
302
NUMBER OF SALES
PERCENT CHANGE
$138,748,425
17%
Q1 2021
Q1 2022
30%
30%
98% Q1 2021
99% Q1 2022
1%
52%
AVERAGE DAYS ON MARKET
307
% OF LIST PRICE SOLD
PERCENTAGE OF LIST PRICE SOLD
Q1 2022
AVERAGE DAYS ON MARKET
303
302
AVERAGE PRICE SF
$
Q1 2021
AVERAGE SOLD PRICE
SOLD VOLUME
233
NUMBER OF SALES
$
YEAR
1%
75 Q1 2021
36 Q1 2022
52%
Q1 2022 MARKET REPORT | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
9
PANAMA CITY
3630 CEDAR PARK LANE 40
MARKET REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
PANAMA CITY SINGLE FAMILY HOMES
$267,697
$140
54
98%
$167,517,605
$314,292
$164
41
99%
Q1 2021
Q1 2022
4%
22%
AVERAGE SOLD PRICE PER SQUARE FOOT
533
4%
513
NUMBER OF SALES
PERCENT CHANGE
$137,328,584
17%
Q1 2021
Q1 2022
22%
17%
98% Q1 2021
99% Q1 2022
1%
24%
AVERAGE DAYS ON MARKET
533
% OF LIST PRICE SOLD
PERCENTAGE OF LIST PRICE SOLD
Q1 2022
AVERAGE DAYS ON MARKET
164
513
AVERAGE PRICE SF
$
Q1 2021
AVERAGE SOLD PRICE
SOLD VOLUME
140
NUMBER OF SALES
$
YEAR
1%
54 Q1 2021
41 Q1 2022
24%
Q1 2022 MARKET REPORT | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
11
NEW CONSTRUCTION | BAY COUNTY
2105 RUSHES AVENUE 42
MARKET REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
NEW CONSTRUCTION | BAY COUNTY SINGLE FAMILY HOMES
25%
$158
36
100%
$19,605,674
$478,187
$233
17
100%
10%
48%
Q1 2021
Q1 2022
48%
48%
100% Q1 2021
100% Q1 2022
0%
53%
AVERAGE DAYS ON MARKET
Q1 2022
$323,811
PERCENTAGE OF LIST PRICE SOLD
Q1 2021
$17,809,590
233
25%
% OF LIST PRICE SOLD
$
PERCENT CHANGE
AVERAGE DAYS ON MARKET
158
41
AVERAGE PRICE SF
$
Q1 2022
AVERAGE SOLD PRICE
SOLD VOLUME
AVERAGE SOLD PRICE PER SQUARE FOOT
55
41
Q1 2021
55
NUMBER OF SALES
NUMBER OF SALES
YEAR
0%
36 Q1 2021
17 Q1 2022
53%
Q1 2022 MARKET REPORT | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
13
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