Q2 2022 | Bay County Market Report | Berkshire Hathaway HomeServices Beach Properties of Florida

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market report Q2 2022


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 | 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

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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 | 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

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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


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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.


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