AVERAGE HOME SALES PRICES FOR SCENIC HIGHWAY 30A: First Half 2019

AVERAGE HOME SALES PRICES FOR 2019 FI RST HA LF

MARKET REPORT

-A Home Market’s nce H1 2019

Erin Oden

AVERAGE HOME SALES PRICES

ing 2018, the s of 30-A gulf a bit. In all 0% less homes market at the contributed to me. Fewer sales erage sale price, f 10% and 6% and Q2 versus back.

uxury $3M+

me and condo e to be on the record setting ght increase in e first half of price dipped on level we have f years, but the uare foot of sold above $1,000. size of average category being n the first half

FIRST FHALF O R 22019 0 1 9 F SALES I R S T HSNAPSHOT ALF FOR THE 30-A HOME MARKET

VOLUME SALES AVERAGE PRICE VOLUME OF OF SALES AVERAGESALES SALES PRICE

AVERAGE PER AVERAGE PRICE PRICE PER SQUARE FOOT SQUARE FOOT

O V E R A L L S C E N I C H I G H W AY 3 0 A C O R R I D O R

$770,794,466

$1,024,993

$440

ROSEMARY

$44,067,000

$1,915,957

$841

A LY S B E A C H

$47,988,199

$2,399,410

$903

W AT E R S O U N D B E A C H

$61,310,000

$2,554,583

$735

W AT E R C O L O R

$67,118,050

$1,814,001

$558

SEASIDE

$32,173,000

$2,010,813

$999

GULF FRONT

$115,392,250

$1,989,522

$779

30A HIGH END LUXURY $3M+

$156,756,783 $3,918,920 $1,025 increase of Statistics according to data gathered from FLEX MLS for combined residential properties in Alys Beach, (detached homes, attached units and condos only, EXCLUDES vacant land). Deemed rease in sales reliable but not guaranteed. Prepared compliments of Erin Oden, Coastal Luxury. f 2019. In fact, ome and condo Statistics according to data gathered from FLEX MLS for combined residential properties (detached homes, attached units and condos). Deemed reliable but not guaranteed.

Erin Oden is the principal h a record for broker and owner of Stay on Top of 30A Corridor Sales Activity!

Coastal Luxury, a real estate firm that maintains nd condo sales transactions were flat a strong emphasis on f 2019. Average sale price per square intimate market knowledge around $1,000, the highest for 30-A CoastalLuxury.com and expertise in the luxury s. Properties on the market continue and Gulf-front market.

Erin can be reached at (850) 502-1220 or erin@ l market report and detailed graphs, coastalluxury.com.

Or,

A Look at The 30 A Home Market’s Performance WaterSound Beach

Alys Beach

WaterSound Beach sales were very vibrant

The increase of construction activity in

opportunities in the local marketplace.

in the first half of 2019. Transactions and

Alys Beach contributed to an increase in

After 2019’s lackluster first quarter, one

average sale prices posted healthy gains

sales during the first half of 2019. In fact,

may have concluded that the 30A market

versus the prior year.

at the current rate, home and condo sales

Keeping informed of accurate market data provides an edge in assessing

for home and condo sales had softened; however, the second quarter rebounded

WaterColor

project to reach a record for Alys in 2019.

WaterColor community sales were soft in

Even though sales were flat for the first

Seaside

the first half of 2019. That said, average

Seaside’s home and condo sales

half of 2019 compared to 2018 versus the

sale price and price per square foot were

transactions were flat during the first half

prior year, positives remain:

higher than 2018 numbers. Clearly,

of 2019. Average sale price per square

related to there being fewer properties

foot continues to be around $1,000, the

on the market. Specifically, there were

highest for 30A planned communities.

26% fewer properties on the market at

Properties on the market continue to be

the beginning of 2019 compared to the

relatively low.

with a 4% increase versus 2018’s Q2.

• Average sale price and dollar per square foot were flat • Properties that sold were on the market for shorter periods of time

beginning of 2018.

As planned, non-stop flights to Panama City Beach Airport (ECP) were augmented in 2019. We are now seeing 11 major

30 A Gulf-Front After a record setting 2018, the first

cities with non-stop flights to this airport.

half 2019 sales of 30 A gulf-front homes

This enhanced accessibility certainly

cooled a bit. In all likelihood, having 20%

contributes to the success of our area and

fewer homes and condos on the market

the 30A corridor real estate market.

at the beginning of the year contributed to the lower sales volume. Fewer sales did

Take a look at the trends within each of

not affect the average sale price, as we

the most popular planned communities

saw increases of 10% and 6% respectively

and the Gulf-front and high-end segments.

in Q1 and Q2 versus the same quarters a

Rosemary First half home and condo 2019 sales were well below last year. Q1 2019 was particularly down, as it cycled a very

send an email. I am delighted to continue to be a resource for you and provide accurate market knowledge.

~Erin

30 A High-End Luxury $3M+ High-end luxury home and condo transactions continue to be on the rise.

14 transactions, the same as 2018 Q2.

Even after a record setting 2018, we saw a

Most important, even with fewer sales,

slight increase in transactions for the first

the average sale price and price per square

half of 2019. Average sale price dipped

foot increased for the first half versus first

below the $4.5 million level we have seen

half of 2018.

for a number of years, but the average

Construction on the new Providence

dollar per square foot of sold properties

building, the last vacant spot of town

remained above $1,000. This points to the

center, has progressed nicely. Completion

average home sold in this category in the

is estimated for spring 2020. It will

first half of 2019 being somewhat smaller

encompass luxury condos of 6,000 to

in size.

space on the ground floor.

detailed graphs, simply give me a call or

year back.

robust 2018. Q2 2019 did rebound with

7,000 square-feet and offer commercial

For a copy of the full market report and

Erin Oden is the principal broker and owner of Coastal Luxury, a real estate firm that maintains a strong emphasis on intimate market knowledge and expertise in the luxury and Gulf-front market. Erin can be reached at 850.502.1220 or erin@coastalluxury.com. Or, stop by Coastal Luxury, located directly on 30A, the first office east of Alys Beach. Search all available properties at coastalluxury.com/SEARCH.