2022 | Bay County Q1 Market Report | Berkshire Hathaway HomeServices Beach Properties of Florida

Page 1

Q1 2022

market report


2022 ACCOLADES

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1

B R O K E R AG E O N 3 0 A *Tra n s a ct i o ns | Q1 2022

TOP 5

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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1

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

TOP 2

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

TOP 25

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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