Northwest Florida | Q3 2023 Market Report | Berkshire Hathaway HomeServices Beach Properties of FL

Page 1

Q3 2023

Market Report

NORTHWEST FLORIDA


Q3 2023 ACCOLADES #

1

B R O K E R AG E O N 3 0 A *Transa ctions

#

1

B R O K E R AG E I N S O U T H WA LTO N *Transa ctions

TOP 5

L I S T I N G B R O K E R AG E I N PA N A M A C I T Y B E AC H *Transa ctions + Volu m e

TOP 4

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 *Transa ctions + Volu m e

#10 OFFICE GLOBALLY 3 0 A H E A D Q UA R T E R S 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 *Gross Commission Income 2022

#23 BROKERAGE GLOBALLY 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 *Gross Commission Income 2022

TOP 50 2

B R O K E R AG E G LO B A L LY 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 S INCE 201 6 *Gross Commission Income MARKET REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


TABLE OF CONTENTS

30a 30A OVERALL 6 30A WEST 8 30A EAST 10 R O S E M A R Y B E AC H 1 2 A LY S B E AC H 1 4 WAT E R S O U N D B E AC H 1 6 WAT E R S O U N D O R I G I N S 1 8 SEASIDE 20 WAT E R C O LO R 2 2 S A N TA R O S A B E AC H 2 4 N E W C O N S T R U C T I O N | S O U T H WA LTO N 2 6

emerald coast SANDESTIN 28 M I R A M A R B E AC H 3 0 DESTIN 32 DESTIN CONDOMINIUMS 34 F O R T WA LTO N B E AC H 3 6 N AVA R R E 3 8 N AVA R R E C O N D O M I N I U M S 4 0

bay county PA N A M A C I T Y B E AC H 4 2 PA N A M A C I T Y B E AC H C O N D O M I N I U M S 4 4 PA N A M A C I T Y 4 6 N E W C O N S T R U C T I O N | B AY C O U N T Y 4 8

forgotten coast A PA L AC H I C O L A 5 0 S T. G E O R G E I S L A N D 5 2 CAPE SAN BLAS 54 M E X I C O B E AC H / S T. J O E B E AC H 5 6 P O R T S T. J O E 5 8 REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES Q3MARKET 2023 MARKET REPORT | BERKSHIRE HATHAWAY HOMESERVICESBEACH BEACHPROPERTIES PROPERTIES OF OF FLORIDA FLORIDA

3


OFFICE LOCATIONS

1 Ft. Walton Beach

Choctawhatchee Bay 331

98

23

5 Destin Sandestin 4 Blue Mountain Beach WaterColor Seaside Seagrove WaterSound Beach Rosemary Beach

Northwest Florida Beaches Internationa Airport

79

6

West Bay

Panama City Beach

Gulf of Mexico 1. destin 151 Regions Way, Suite 4A Destin, FL 32541 850.502.2120

2. watercolor main 28B WaterColor Way Santa Rosa Beach, FL 32459 850.534.3006

3. watercolor crossings 49A WaterColor Way Santa Rosa Beach, FL 32459 850.213.5450

4. watersound beach 6652 E Co Hwy 30A, Ste 110 Watersound, FL 32461 850.213.5150

4

5. watersound community discovery center 34 Origins Main Street, Suite 101 Watersound, FL 32461 850.213.5170

6. pier park 15750 Panama City Beach Pkwy, #140 Panama City Beach, FL 32413 850.252.4160

7. windmark beach 101 Goodmorning Street Port St. Joe, FL 32456 850.296.3716

8. st. george island 140 West 1st Street, Ste B St. George Island, FL 32328 850.990.0020

MARKET REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


al

20

20

231

Tallahassee

Lynn Haven Panama City Tyndall AFB

Mexico Beach

98

71

Apalachicola National Forest

7

WindMark Beach

Port St. Joe

Carrabelle

Apalachicola

Eastpoint

8 Cape San Blas

Apalachicola Bay

St. George Island

REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES Q3MARKET 2023 MARKET REPORT | BERKSHIRE HATHAWAY HOMESERVICESBEACH BEACHPROPERTIES PROPERTIES OF OF FLORIDA FLORIDA

5


30A OVERALL

6

MARKET REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


30A OVERALL SINGLE FAMILY HOMES

$2,349,893

$790

38

97%

Q3 2023

241

$613,375,542

$2,545,127

$874

66

96%

PERCENT CHANGE

3%

5%

8%

11%

74%

1%

Q3 2022 Q3 2023

Q3 2022 Q3 2023

3%

11%

97% Q3 2022

96% Q3 2023

1%

AVERAGE DAYS ON MARKET

$582,773,532

PERCENTAGE OF LIST PRICE SOLD

248

874

Q3 2022

$

% OF LIST PRICE SOLD

790

AVERAGE DAYS ON MARKET

$

AVERAGE PRICE SF

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE SOLD PRICE

241

SOLD VOLUME

248

NUMBER OF SALES

NUMBER OF SALES

YEAR

38 Q3 2022

66 Q3 2023

74%

Q3 2023 MARKET REPORT | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

7


30A WEST

8

MARKET REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


30A WEST SINGLE FAMILY HOMES

$1,664,496

$656

48

96%

Q3 2023

65

$115,660,450

$1,779,392

$624

73

95%

PERCENT CHANGE

21%

15%

7%

5%

52%

1%

Q3 2022 Q3 2023

Q3 2022 Q3 2023

21%

5%

96% Q3 2022

95% Q3 2023

1%

AVERAGE DAYS ON MARKET

$136,488,707

PERCENTAGE OF LIST PRICE SOLD

82

624

Q3 2022

$

% OF LIST PRICE SOLD

656

AVERAGE DAYS ON MARKET

$

AVERAGE PRICE SF

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE SOLD PRICE

65

SOLD VOLUME

82

NUMBER OF SALES

NUMBER OF SALES

YEAR

48 Q3 2022

73 Q3 2023

52%

Q3 2023 MARKET REPORT | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

9


30A EAST

10

MARKET REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


30A EAST SINGLE FAMILY HOMES

$2,672,956

$851

34

97%

Q3 2023

176

$497,715,092

$2,827,927

$966

63

96%

PERCENT CHANGE

3%

9%

6%

13%

85%

1%

Q3 2022 Q3 2023

Q3 2022 Q3 2023

3%

13%

97% Q3 2022

96% Q3 2023

1%

AVERAGE DAYS ON MARKET

$458,075,550

PERCENTAGE OF LIST PRICE SOLD

171

966

Q3 2022

$

% OF LIST PRICE SOLD

851

AVERAGE DAYS ON MARKET

$

AVERAGE PRICE SF

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE SOLD PRICE

176

SOLD VOLUME

171

NUMBER OF SALES

NUMBER OF SALES

YEAR

34 Q3 2022

63 Q3 2023

85%

Q3 2023 MARKET REPORT | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

11


ROSEMARY BEACH

12

MARKET REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


ROSEMARY BEACH SINGLE FAMILY HOMES

AVERAGE DAYS ON MARKET

% OF LIST PRICE SOLD

Q3 2022

9

$62,120,000

$6,902,222

$1,969

7

97%

Q3 2023

8

$39,175,000

$4,896,875

$1,836

64

95%

PERCENT CHANGE

11%

37%

7%

814%

2%

1,836 $

Q3 2022 Q3 2023

Q3 2022 Q3 2023

11%

7%

PERCENTAGE OF LIST PRICE SOLD

1,969 $

29%

97% Q3 2022

95% Q3 2023

2%

AVERAGE DAYS ON MARKET

AVERAGE PRICE SF

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE SOLD PRICE

8

SOLD VOLUME

9

NUMBER OF SALES

NUMBER OF SALES

YEAR

7 Q3 2022

64 Q3 2023

814%

Q3 2023 MARKET REPORT | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

13


ALYS BEACH

14

MARKET REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


ALYS BEACH SINGLE FAMILY HOMES

AVERAGE DAYS ON MARKET

% OF LIST PRICE SOLD

Q3 2022

7

$60,730,527

$8,675,790

$1,972

7

98%

Q3 2023

11

$81,681,638

$7,425,603

$2,082

29

98%

PERCENT CHANGE

57%

34%

6%

314%

0%

Q3 2022 Q3 2023

57%

2,082 $

PERCENTAGE OF LIST PRICE SOLD

1,972 $

14%

98% Q3 2022

98% Q3 2023

AVERAGE DAYS ON MARKET

AVERAGE PRICE SF

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE SOLD PRICE

11

SOLD VOLUME

7

NUMBER OF SALES

NUMBER OF SALES

YEAR

7 Q3 2022

29 Q3 2023

Q3 2022 Q3 2023

6%

0%

314%

Q3 2023 MARKET REPORT | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

15


WATERSOUND BEACH

16

MARKET REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


WATERSOUND BEACH SINGLE FAMILY HOMES

$5,676,250

$1,367

5

97%

Q3 2023

10

$48,050,000

$4,805,000

$1,568

77

95%

PERCENT CHANGE

150%

112%

15%

15%

1440%

2%

Q3 2022 Q3 2023

150%

97% Q3 2022

95% Q3 2023

AVERAGE DAYS ON MARKET

$22,705,000

PERCENTAGE OF LIST PRICE SOLD

4

1,568

Q3 2022

$

% OF LIST PRICE SOLD

1,367

AVERAGE DAYS ON MARKET

$

AVERAGE PRICE SF

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE SOLD PRICE

10

SOLD VOLUME

4

NUMBER OF SALES

NUMBER OF SALES

YEAR

5 Q3 2022

77 Q3 2023

Q3 2022 Q3 2023

15%

2%

1440%

Q3 2023 MARKET REPORT | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

17


WATERSOUND ORIGINS

18

MARKET REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


WATERSOUND ORIGINS SINGLE FAMILY HOMES

$1,078,226

$433

22

99%

Q3 2023

44

$59,601,252

$1,354,574

$489

37

100%

PERCENT CHANGE

16%

45%

26%

13%

68%

1%

Q3 2022 Q3 2023

16%

99% Q3 2022

100% Q3 2023

AVERAGE DAYS ON MARKET

$40,972,603

PERCENTAGE OF LIST PRICE SOLD

38

489

Q3 2022

$

% OF LIST PRICE SOLD

433

AVERAGE DAYS ON MARKET

$

AVERAGE PRICE SF

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE SOLD PRICE

44

SOLD VOLUME

38

NUMBER OF SALES

NUMBER OF SALES

YEAR

22 Q3 2022

37 Q3 2023

Q3 2022 Q3 2023

13%

1%

68%

REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES Q3MARKET 2023 MARKET REPORT | BERKSHIRE HATHAWAY HOMESERVICESBEACH BEACHPROPERTIES PROPERTIES OF OF FLORIDA FLORIDA

19


SEASIDE

20

MARKET REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


SEASIDE SINGLE FAMILY HOMES

2

$9,159,000

$4,579,500

$1,559

49

92%

Q3 2023

5

$28,750,000

$5,750,000

$3,079

20

98%

PERCENT CHANGE

150%

214%

26%

97%

59%

6%

Q3 2022 Q3 2023

150%

$

92% Q3 2022

98% Q3 2023

AVERAGE DAYS ON MARKET

Q3 2022

PERCENTAGE OF LIST PRICE SOLD

% OF LIST PRICE SOLD

$3,079

AVERAGE DAYS ON MARKET

1,559

AVERAGE PRICE SF

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE SOLD PRICE

5

SOLD VOLUME

2

NUMBER OF SALES

NUMBER OF SALES

YEAR

49 Q3 2022

20 Q3 2023

Q3 2022 Q3 2023

97%

6%

59%

Q3 2023 MARKET REPORT | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

21


WATERCOLOR

22

MARKET REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


WATERCOLOR SINGLE FAMILY HOMES

$3,344,154

$1,081

38

95%

Q3 2023

15

$58,725,000

$3,915,000

$1,128

106

96%

PERCENT CHANGE

15%

35%

17%

4%

179%

1%

Q3 2022 Q3 2023

15%

95% Q3 2022

96% Q3 2023

AVERAGE DAYS ON MARKET

$43,474,000

PERCENTAGE OF LIST PRICE SOLD

13

1,128

Q3 2022

$

% OF LIST PRICE SOLD

1,081

AVERAGE DAYS ON MARKET

$

AVERAGE PRICE SF

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE SOLD PRICE

15

SOLD VOLUME

13

NUMBER OF SALES

NUMBER OF SALES

YEAR

38 Q3 2022

106 Q3 2023

Q3 2022 Q3 2023

4%

1%

179%

Q3 2023 MARKET REPORT | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

23


SANTA ROSA BEACH

24

MARKET REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


SANTA ROSA BEACH SINGLE FAMILY HOMES

$846,374

$337

38

99%

Q3 2023

88

$68,146,076

$774,387

$308

76

97%

PERCENT CHANGE

44%

49%

9%

9%

100%

2%

Q3 2022 Q3 2023

44%

99% Q3 2022

97% Q3 2023

AVERAGE DAYS ON MARKET

$132,880,660

PERCENTAGE OF LIST PRICE SOLD

157

308

Q3 2022

$

% OF LIST PRICE SOLD

337

AVERAGE DAYS ON MARKET

$

AVERAGE PRICE SF

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE SOLD PRICE

88

SOLD VOLUME

157

NUMBER OF SALES

NUMBER OF SALES

YEAR

38 Q3 2022

76 Q3 2023

Q3 2022 Q3 2023

9%

2%

100%

Q3 2023 MARKET REPORT | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

25


NEW CONSTRUCTION | SOUTH WALTON

26

MARKET REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


NEW CONSTRUCTION | SOUTH WALTON SINGLE FAMILY HOMES

$1,151,306

$406

38

99%

Q3 2023

68

$131,220,451

$1,929,713

$579

45

99%

PERCENT CHANGE

40%

1%

68%

43%

18%

0%

Q3 2022 Q3 2023

Q3 2022 Q3 2023

40%

43%

99% Q3 2022

99% Q3 2023

0%

AVERAGE DAYS ON MARKET

$130,097,622

PERCENTAGE OF LIST PRICE SOLD

113

579

Q3 2022

$

% OF LIST PRICE SOLD

406

AVERAGE DAYS ON MARKET

$

AVERAGE PRICE SF

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE SOLD PRICE

68

SOLD VOLUME

113

NUMBER OF SALES

NUMBER OF SALES

YEAR

38 Q3 2022

45 Q3 2023

18%

Q3 2023 MARKET REPORT | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

27


SANDESTIN

28

MARKET REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


SANDESTIN SINGLE FAMILY HOMES

$1,440,323

$542

26

96%

Q3 2023

28

$47,821,400

$1,707,907

$589

74

96%

PERCENT CHANGE

10%

7%

19%

9%

185%

0%

Q3 2022 Q3 2023

Q3 2022 Q3 2023

10%

9%

96% Q3 2022

96% Q3 2023

0%

AVERAGE DAYS ON MARKET

$44,650,000

PERCENTAGE OF LIST PRICE SOLD

31

589

Q3 2022

$

% OF LIST PRICE SOLD

542

AVERAGE DAYS ON MARKET

$

AVERAGE PRICE SF

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE SOLD PRICE

28

SOLD VOLUME

31

NUMBER OF SALES

NUMBER OF SALES

YEAR

26 Q3 2022

74 Q3 2023

185%

REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES Q3MARKET 2023 MARKET REPORT | BERKSHIRE HATHAWAY HOMESERVICESBEACH BEACHPROPERTIES PROPERTIES OF OF FLORIDA FLORIDA

29


MIRAMAR BEACH

30

MARKET REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


MIRAMAR BEACH SINGLE FAMILY HOMES

$1,429,914

$517

32

98%

Q3 2023

37

$53,680,677

$1,450,829

$507

95

96%

PERCENT CHANGE

3%

4%

1%

2%

197%

2%

Q3 2022 Q3 2023

Q3 2022 Q3 2023

3%

2%

98% Q3 2022

96% Q3 2023

2%

AVERAGE DAYS ON MARKET

$51,476,900

PERCENTAGE OF LIST PRICE SOLD

36

507

Q3 2022

$

% OF LIST PRICE SOLD

517

AVERAGE DAYS ON MARKET

$

AVERAGE PRICE SF

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE SOLD PRICE

37

SOLD VOLUME

36

NUMBER OF SALES

NUMBER OF SALES

YEAR

32 Q3 2022

95 Q3 2023

197%

Q3 2023 MARKET REPORT | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

31


DESTIN

32

MARKET REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


DESTIN SINGLE FAMILY HOMES

$1,308,925

$437

35

96%

Q3 2023

72

$85,995,051

$1,194,376

$422

55

96%

PERCENT CHANGE

24%

31%

9%

3%

57%

0%

Q3 2022 Q3 2023

24%

96% Q3 2022

96% Q3 2023

AVERAGE DAYS ON MARKET

$124,347,900

PERCENTAGE OF LIST PRICE SOLD

95

422

Q3 2022

$

% OF LIST PRICE SOLD

437

AVERAGE DAYS ON MARKET

$

AVERAGE PRICE SF

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE SOLD PRICE

72

SOLD VOLUME

95

NUMBER OF SALES

NUMBER OF SALES

YEAR

35 Q3 2022

55 Q3 2023

Q3 2022 Q3 2023

3%

0%

57%

REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES Q3MARKET 2023 MARKET REPORT | BERKSHIRE HATHAWAY HOMESERVICESBEACH BEACHPROPERTIES PROPERTIES OF OF FLORIDA FLORIDA

33


DESTIN CONDOS

34

MARKET REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


DESTIN CONDOS CONDOMINIUMS

$706,088

$549

51

98%

Q3 2023

112

$87,634,987

$782,455

$573

82

97%

PERCENT CHANGE

32%

24%

11%

4%

61%

1%

Q3 2022 Q3 2023

32%

98% Q3 2022

97% Q3 2023

AVERAGE DAYS ON MARKET

$115,798,365

PERCENTAGE OF LIST PRICE SOLD

164

573

Q3 2022

$

% OF LIST PRICE SOLD

549

AVERAGE DAYS ON MARKET

$

AVERAGE PRICE SF

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE SOLD PRICE

112

SOLD VOLUME

164

NUMBER OF SALES

NUMBER OF SALES

YEAR

51 Q3 2022

82 Q3 2023

Q3 2022 Q3 2023

4%

1%

61%

REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES Q3MARKET 2023 MARKET REPORT | BERKSHIRE HATHAWAY HOMESERVICESBEACH BEACHPROPERTIES PROPERTIES OF OF FLORIDA FLORIDA

35


FORT WALTON BEACH

36

MARKET REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


FORT WALTON BEACH SINGLE FAMILY HOMES

$395,817

$217

25

99%

Q3 2023

237

$100,312,647

$423,260

$232

36

98%

PERCENT CHANGE

19%

13%

7%

7%

44%

Q3 2022 Q3 2023

Q3 2022 Q3 2023

19%

7%

99% Q3 2022

98% Q3 2023

1%

AVERAGE DAYS ON MARKET

$115,182,676

PERCENTAGE OF LIST PRICE SOLD

291

232

Q3 2022

$

% OF LIST PRICE SOLD

217

AVERAGE DAYS ON MARKET

$

AVERAGE PRICE SF

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE SOLD PRICE

237

SOLD VOLUME

291

NUMBER OF SALES

NUMBER OF SALES

YEAR

1%

25 Q3 2022

36 Q3 2023

44%

REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES Q3MARKET 2023 MARKET REPORT | BERKSHIRE HATHAWAY HOMESERVICESBEACH BEACHPROPERTIES PROPERTIES OF OF FLORIDA FLORIDA

37


NAVARRE BEACH

38

MARKET REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


NAVARRE BEACH SINGLE FAMILY HOMES

$1,256,136

$619

28

97%

Q3 2023

10

$17,850,465

$1,785,046

$725

225

97%

PERCENT CHANGE

9%

29%

42%

17%

704%

0%

Q3 2022 Q3 2023

9%

97% Q3 2022

97% Q3 2023

AVERAGE DAYS ON MARKET

$13,817,500

PERCENTAGE OF LIST PRICE SOLD

11

725

Q3 2022

$

% OF LIST PRICE SOLD

619

AVERAGE DAYS ON MARKET

$

AVERAGE PRICE SF

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE SOLD PRICE

10

SOLD VOLUME

11

NUMBER OF SALES

NUMBER OF SALES

YEAR

28 Q3 2022

225 Q3 2023

Q3 2022 Q3 2023

17%

0%

704%

REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES Q3MARKET 2023 MARKET REPORT | BERKSHIRE HATHAWAY HOMESERVICESBEACH BEACHPROPERTIES PROPERTIES OF OF FLORIDA FLORIDA

39


NAVARRE CONDOS

40

MARKET REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


NAVARRE CONDOS CONDOMINIUMS

$626,169

$536

30

98%

Q3 2023

19

$13,691,200

$720,589

$567

66

97%

PERCENT CHANGE

19%

37%

15%

6%

120%

Q3 2022 Q3 2023

Q3 2022 Q3 2023

19%

6%

98% Q3 2022

97% Q3 2023

1%

AVERAGE DAYS ON MARKET

$10,018,700

PERCENTAGE OF LIST PRICE SOLD

16

567

Q3 2022

$

% OF LIST PRICE SOLD

536

AVERAGE DAYS ON MARKET

$

AVERAGE PRICE SF

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE SOLD PRICE

19

SOLD VOLUME

16

NUMBER OF SALES

NUMBER OF SALES

YEAR

1%

30 Q3 2022

66 Q3 2023

120%

REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES Q3MARKET 2023 MARKET REPORT | BERKSHIRE HATHAWAY HOMESERVICESBEACH BEACHPROPERTIES PROPERTIES OF OF FLORIDA FLORIDA

41


PANAMA CITY BEACH

42

MARKET REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


PANAMA CITY BEACH SINGLE FAMILY HOMES

$622,915

$321

33

97%

Q3 2023

252

$176,581,836

$700,722

$343

63

97%

PERCENT CHANGE

5%

7%

12%

7%

91%

0%

Q3 2022 Q3 2023

Q3 2022 Q3 2023

5%

7%

97% Q3 2022

97% Q3 2023

0%

AVERAGE DAYS ON MARKET

$165,072,443

PERCENTAGE OF LIST PRICE SOLD

265

343

Q3 2022

$

% OF LIST PRICE SOLD

321

AVERAGE DAYS ON MARKET

$

AVERAGE PRICE SF

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE SOLD PRICE

252

SOLD VOLUME

265

NUMBER OF SALES

NUMBER OF SALES

YEAR

33 Q3 2022

63 Q3 2023

91%

REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES Q3MARKET 2023 MARKET REPORT | BERKSHIRE HATHAWAY HOMESERVICESBEACH BEACHPROPERTIES PROPERTIES OF OF FLORIDA FLORIDA

43


PANAMA CITY BEACH CONDOS

44

MARKET REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


PANAMA CITY BEACH CONDOS CONDOMINIUMS

$469,197

$426

40

97%

Q3 2023

264

$127,599,585

$483,332

$421

72

96%

PERCENT CHANGE

19%

16%

3%

1%

80%

1%

Q3 2022 Q3 2023

Q3 2022 Q3 2023

19%

1%

97% Q3 2022

96% Q3 2023

1%

AVERAGE DAYS ON MARKET

$152,019,770

PERCENTAGE OF LIST PRICE SOLD

324

421

Q3 2022

$

% OF LIST PRICE SOLD

426

AVERAGE DAYS ON MARKET

$

AVERAGE PRICE SF

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE SOLD PRICE

264

SOLD VOLUME

324

NUMBER OF SALES

NUMBER OF SALES

YEAR

40 Q3 2022

72 Q3 2023

80%

REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES Q3MARKET 2023 MARKET REPORT | BERKSHIRE HATHAWAY HOMESERVICESBEACH BEACHPROPERTIES PROPERTIES OF OF FLORIDA FLORIDA

45


PANAMA CITY

46

MARKET REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


PANAMA CITY SINGLE FAMILY HOMES

$337,022

$178

38

97%

Q3 2023

457

$153,990,931

$336,960

$185

57

98%

PERCENT CHANGE

8%

8%

0%

4%

50%

1%

Q3 2022 Q3 2023

8%

97% Q3 2022

98% Q3 2023

AVERAGE DAYS ON MARKET

$167,499,950

PERCENTAGE OF LIST PRICE SOLD

497

185

Q3 2022

$

% OF LIST PRICE SOLD

178

AVERAGE DAYS ON MARKET

$

AVERAGE PRICE SF

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE SOLD PRICE

457

SOLD VOLUME

497

NUMBER OF SALES

NUMBER OF SALES

YEAR

38 Q3 2022

57 Q3 2023

Q3 2022 Q3 2023

4%

1%

50%

REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES Q3MARKET 2023 MARKET REPORT | BERKSHIRE HATHAWAY HOMESERVICESBEACH BEACHPROPERTIES PROPERTIES OF OF FLORIDA FLORIDA

47


NEW CONSTRUCTION | BAY COUNTY

48

MARKET REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


NEW CONSTRUCTION | BAY COUNTY SINGLE FAMILY HOMES

$440,250

$212

44

100%

Q3 2023

194

$103,796,456

$535,033

$254

52

99%

PERCENT CHANGE

31%

59%

22%

20%

18%

1%

Q3 2022 Q3 2023

Q3 2022 Q3 2023

31%

20%

100% Q3 2022

99% Q3 2023

1%

AVERAGE DAYS ON MARKET

$65,156,986

PERCENTAGE OF LIST PRICE SOLD

148

254

Q3 2022

$

% OF LIST PRICE SOLD

212

AVERAGE DAYS ON MARKET

$

AVERAGE PRICE SF

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE SOLD PRICE

194

SOLD VOLUME

148

NUMBER OF SALES

NUMBER OF SALES

YEAR

44 Q3 2022

52 Q3 2023

18%

REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES Q3MARKET 2023 MARKET REPORT | BERKSHIRE HATHAWAY HOMESERVICESBEACH BEACHPROPERTIES PROPERTIES OF OF FLORIDA FLORIDA

49


APALACHICOLA

50

MARKET REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


APALACHICOLA SINGLE FAMILY HOMES

$376,727

$244

127

91%

Q3 2023

13

$5,977,500

$459,808

$288

159

94%

PERCENT CHANGE

18%

44%

22%

18%

25%

3%

Q3 2022 Q3 2023

18%

91% Q3 2022

94% Q3 2023

AVERAGE DAYS ON MARKET

$4,144,000

PERCENTAGE OF LIST PRICE SOLD

11

288

Q3 2022

$

% OF LIST PRICE SOLD

244

AVERAGE DAYS ON MARKET

$

AVERAGE PRICE SF

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE SOLD PRICE

13

SOLD VOLUME

11

NUMBER OF SALES

NUMBER OF SALES

YEAR

127 Q3 2022

159 Q3 2023

Q3 2022 Q3 2023

18%

3%

25%

REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES Q3MARKET 2023 MARKET REPORT | BERKSHIRE HATHAWAY HOMESERVICESBEACH BEACHPROPERTIES PROPERTIES OF OF FLORIDA FLORIDA

51


ST. GEORGE ISLAND

52

MARKET REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


ST. GEORGE ISLAND SINGLE FAMILY HOMES

$1,393,422

$657

62

96%

Q3 2023

30

$34,044,501

$1,134,817

$571

96

88%

PERCENT CHANGE

20%

2%

19%

13%

55%

8%

Q3 2022 Q3 2023

20%

96% Q3 2022

88% Q3 2023

AVERAGE DAYS ON MARKET

$34,835,550

PERCENTAGE OF LIST PRICE SOLD

25

571

Q3 2022

$

% OF LIST PRICE SOLD

657

AVERAGE DAYS ON MARKET

$

AVERAGE PRICE SF

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE SOLD PRICE

30

SOLD VOLUME

25

NUMBER OF SALES

NUMBER OF SALES

YEAR

62 Q3 2022

96 Q3 2023

Q3 2022 Q3 2023

13%

8%

55%

REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES Q3MARKET 2023 MARKET REPORT | BERKSHIRE HATHAWAY HOMESERVICESBEACH BEACHPROPERTIES PROPERTIES OF OF FLORIDA FLORIDA

53


CAPE SAN BLAS

54

MARKET REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


CAPE SAN BLAS SINGLE FAMILY HOMES

$1,230,079

$555

34

96%

Q3 2023

22

$23,317,275

$1,059,876

$529

69

93%

PERCENT CHANGE

42%

50%

14%

5%

103%

4%

Q3 2022 Q3 2023

42%

96% Q3 2022

93% Q3 2023

AVERAGE DAYS ON MARKET

$46,743,000

PERCENTAGE OF LIST PRICE SOLD

38

529

Q3 2022

$

% OF LIST PRICE SOLD

555

AVERAGE DAYS ON MARKET

$

AVERAGE PRICE SF

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE SOLD PRICE

22

SOLD VOLUME

38

NUMBER OF SALES

NUMBER OF SALES

YEAR

34 Q3 2022

69 Q3 2023

Q3 2022 Q3 2023

5%

4%

103%

REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES Q3MARKET 2023 MARKET REPORT | BERKSHIRE HATHAWAY HOMESERVICESBEACH BEACHPROPERTIES PROPERTIES OF OF FLORIDA FLORIDA

55


MEXICO BEACH | ST. JOE BEACH

56

MARKET REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


MEXICO BEACH | ST. JOE BEACH SINGLE FAMILY HOMES

$672,370

$376

45

97%

Q3 2023

58

$34,257,011

$590,638

$317

141

98%

PERCENT CHANGE

71%

50%

12%

16%

213%

1%

Q3 2022 Q3 2023

71%

97% Q3 2022

98% Q3 2023

AVERAGE DAYS ON MARKET

$22,860,575

PERCENTAGE OF LIST PRICE SOLD

34

317

Q3 2022

$

% OF LIST PRICE SOLD

376

AVERAGE DAYS ON MARKET

$

AVERAGE PRICE SF

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE SOLD PRICE

58

SOLD VOLUME

34

NUMBER OF SALES

NUMBER OF SALES

YEAR

45 Q3 2022

141 Q3 2023

Q3 2022 Q3 2023

16%

1%

213%

REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES Q3MARKET 2023 MARKET REPORT | BERKSHIRE HATHAWAY HOMESERVICESBEACH BEACHPROPERTIES PROPERTIES OF OF FLORIDA FLORIDA

57


PORT ST. JOE

58

MARKET REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


PORT ST. JOE SINGLE FAMILY HOMES

$349,970

$238

40

96%

Q3 2023

22

$7,891,750

$358,716

$233

53

96%

PERCENT CHANGE

45%

44%

2%

2%

33%

0%

Q3 2022 Q3 2023

45%

96% Q3 2022

96% Q3 2023

AVERAGE DAYS ON MARKET

$13,998,800

PERCENTAGE OF LIST PRICE SOLD

40

233

Q3 2022

$

% OF LIST PRICE SOLD

238

AVERAGE DAYS ON MARKET

$

AVERAGE PRICE SF

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE SOLD PRICE

22

SOLD VOLUME

40

NUMBER OF SALES

NUMBER OF SALES

YEAR

40 Q3 2022

53 Q3 2023

Q3 2022 Q3 2023

2%

0%

33%

REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES Q3MARKET 2023 MARKET REPORT | BERKSHIRE HATHAWAY HOMESERVICESBEACH BEACHPROPERTIES PROPERTIES OF OF FLORIDA FLORIDA

59


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Get to know us at BeachPropertiesFLA.com EMERALD COAST | SOUTH WALTON | BAY COUNTY | FORGOTTEN COAST ©2023 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.This advertisement is not an offer to sell or a solicitation to buy to residents of any state or province in which registration and other legal requirements have not been fulfilled. This advertisement is not intended to solicit properties currently listed by any other real estate brokerages.


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