market report Q2 2022
2022 ACCOLADES
#
1
B R O K E R AG E O N 3 0 A *Tra n s a ct i o ns | Q2 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 | Q2 2022
#
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 | Q2 2022
TOP 3
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 | Q2 2022
#
21 GLOBALLY
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 N E T W O R K *G ro s s Co mm i s s io n In co m e | 2 02 1 To p 5 0 Bro kerage An n ual ly S i n ce 2 01 6
$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 3 6 PA N A M A C I T Y B E AC H 3 8 PA N A M A C I T Y 4 0 N E W C O N S T R U C T I O N | B AY C O U N T Y 4 2
MARKET REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
3
office locations 1 Ft. Walton Beach
Choctawhatchee Bay 331
98
23
Destin Sandestin 4 Blue Mountain Beach WaterColor Seaside Seagrove WaterSound Beach Rosemary Beach
Northwest Florida Beaches Internationa Airport
79
Panama City Beach
1. DESTIN
5. 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. WATERCOLOR MAIN
6. WINDMARK BEACH
28B WaterColor Way Santa Rosa Beach, FL 32459 850.534.3006
101 Goodmorning Street Port St. Joe, FL 32456 850.296.3716
3. WATERCOLOR CROSSINGS
7. ST. GEORGE ISLAND
49A WaterColor Way Santa Rosa Beach, FL 32459 850.213.5450
140 West 1st Street, Ste B St. George Island, FL 32328 850.927.6000
4. WATERSOUND BEACH 6652 E Co Hwy 30A, Ste 110 WaterSound, FL 32461 850.213.5150
4
MARKET REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
5
West Bay
al
20
20
231
Tallahassee
Lynn Haven Panama City Tyndall AFB
Mexico Beach
98
71
Apalachicola National Forest
6
WindMark Beach
Port St. Joe
Carrabelle
Apalachicola
Eastpoint
7 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
$367,395
$316
77
99%
$228,827,228
$488,947
$430
23
99%
21%
AVERAGE SOLD PRICE PER SQUARE FOOT
468
41%
793
NUMBER OF SALES
PERCENT CHANGE
$291,344,610
33%
Q2 2021 Q2 2022
Q2 2021 Q2 2022
41%
36%
36%
99% Q2 2021
99% Q2 2022
0%
70%
AVERAGE DAYS ON MARKET
468
% OF LIST PRICE SOLD
PERCENTAGE OF LIST PRICE SOLD
Q2 2022
AVERAGE DAYS ON MARKET
430
793
AVERAGE PRICE SF
$
Q2 2021
AVERAGE SOLD PRICE
SOLD VOLUME
316
NUMBER OF SALES
$
YEAR
0%
77 Q2 2021
23 Q2 2022
70%
Q2 2022 MARKET REPORT | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
37
PANAMA CITY BEACH
38
MARKET REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
PANAMA CITY BEACH SINGLE FAMILY HOMES
$538,348
$267
42
99%
$210,752,488
$690,992
$351
28
99%
33%
0%
Q2 2021 Q2 2022
16%
8%
AVERAGE SOLD PRICE PER SQUARE FOOT
305
16%
363
NUMBER OF SALES
PERCENT CHANGE
$195,420,252
28%
31%
99% Q2 2021
99% Q2 2022
AVERAGE DAYS ON MARKET
305
% OF LIST PRICE SOLD
PERCENTAGE OF LIST PRICE SOLD
Q2 2022
AVERAGE DAYS ON MARKET
351
363
AVERAGE PRICE SF
$
Q2 2021
AVERAGE SOLD PRICE
SOLD VOLUME
267
NUMBER OF SALES
$
YEAR
42 Q2 2021
28 Q2 2022
Q2 2021 Q2 2022
31%
0%
33%
Q2 2022 MARKET REPORT | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
39
PANAMA CITY
SWEETBAY 40
MARKET REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
PANAMA CITY SINGLE FAMILY HOMES
$265,856
$145
48
99%
$204,342,819
$330,118
$177
30
99%
Q2 2021 Q2 2022
4%
29%
AVERAGE SOLD PRICE PER SQUARE FOOT
4%
619
596
NUMBER OF SALES
PERCENT CHANGE
$158,450,396
24%
22%
99% Q2 2021
99% Q2 2022
38%
AVERAGE DAYS ON MARKET
619
% OF LIST PRICE SOLD
PERCENTAGE OF LIST PRICE SOLD
Q2 2022
AVERAGE DAYS ON MARKET
177
596
AVERAGE PRICE SF
$
Q2 2021
AVERAGE SOLD PRICE
SOLD VOLUME
145
NUMBER OF SALES
$
YEAR
0%
48 Q2 2021
30 Q2 2022
Q2 2021 Q2 2022
22%
0%
38%
Q2 2022 MARKET REPORT | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
41
NEW CONSTRUCTION | BAY COUNTY
2109 RUSHES AVENUE 42
MARKET REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
NEW CONSTRUCTION | BAY COUNTY SINGLE FAMILY HOMES
$359,540
$175
46
100%
$56,028,230
$441,167
$222
20
100%
Q2 2021 Q2 2022
12%
7%
AVERAGE SOLD PRICE PER SQUARE FOOT
12%
127
145
NUMBER OF SALES
PERCENT CHANGE
$52,133,323
23%
27%
100% Q2 2021
100% Q2 2022
57%
AVERAGE DAYS ON MARKET
127
% OF LIST PRICE SOLD
PERCENTAGE OF LIST PRICE SOLD
Q2 2022
AVERAGE DAYS ON MARKET
222
145
AVERAGE PRICE SF
$
Q2 2021
AVERAGE SOLD PRICE
SOLD VOLUME
175
NUMBER OF SALES
$
YEAR
0%
46 Q2 2021
20 Q2 2022
Q2 2021 Q2 2022
27%
0%
57%
Q2 2022 MARKET REPORT | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
43
For You
For Life
LOCALLY KNOWN. NATIONALLY RECOGNIZED. GLOBALLY RESPECTED.
Get to know us at BeachPropertiesFLA.com EMERALD COAST | SOUTH WALTON | BAY COUNTY | FORGOTTEN COAST ©2022 BHH Affiliates, LLC. An independently operated subsidiary of HomeServices of America, Inc., a Berkshire Hathaway affiliate, and a franchisee of BHH Affiliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of Columbia Insurance Company, a Berkshire Hathaway affiliate. Equal Housing Opportunity. *Market data for July 2022 as of 7/6/22. Information reported is deemed reliable but is not guaranteed. ©2022 MLS and FBS.