If you're familiar with the real estate manta "location, location, location" and love 30A, you'll know the difference between prices that can come when looking at homes either north or south of Co Hwy 30A.
That's why we've dug a little deeper to provide some hyper-local real estate statistics, information you'll want to know as you move into the spring and summer season.
Here we're Providing Data That Helps Answer the Questions:
What's happening in the 30A real estate market?
Is the market slowing down or speeding up?
Are sales prices dropping drastically?
How Much Negotiation Room do Homes have Right Now to "get a Deal"?
* Here's the Quick and Skinny Year over Year Facts:
30A as a Whole (*not including Watersound Origins north of Hwy 98)
# homes sold: -48%
Average Sale Price: +11%
30 Day outlook: # sales are increasing month over month.
30A East:
Inlet, Rosemary Beach, Alys Beach to Seaside
# Homes Sold: -40%
Average Sale Price: +12.3%
30 Day outlook: about as many closings will happen next month.
30A East South of 30A:
# Homes Sold: -33%
Average Sale Price: +13%
30 Day outlook: # sales are increasing month over month.
30A East North of 30A:
# Homes Sold: -43%
Average Sale Price: +3%
30 Day outlook: # sales will decrease slightly month over month.
30A West:
Grayton Beach, Blue Mountain, Gulf Place, Dune Allen, Santa Rosa Beach.
# Homes Sold: -56%
Average Sale Price: -0.9%
30 Day outlook: # sales are increasing month over month.
30A West South of 30A:
#Homes Sold: -71%
Average Sales Price: -1.4%
30 Day outlook: # sales are increasing month over month.
30A West North of 30A:
# Homes Sold: -42%
Average Sales Price: +11%
30 Day outlook: # sales are increasing month over month.
Interested in Buying Your 30A Home this Spring or Summer?
Let's Find Your Place to Make Memories.
Breakdown of the facts:
While sales are down about 50% year over year because of interest rate increases and supply limitations, this is actually a fairly normal sales per month rate and supply on the market. Currently, the number of sales per month is around "pre-pandemic" levels.
You may be asking yourself, how is it possible that the average sales price for homes on 30A is +12% when I see price drops all the time? Keep in mind, these are numbers for the average SALE price of homes SOLD. Many agents took on listings over the past 12 months from sellers who were, in fact, not viable sellers. Meaning they are sellers at a certain number (aren't we all... haha) but are slowly realizing that naming a very high listing price will not get the home sold and must come down to the market value. What you are seeing are the listings that outpaced the market coming down to the actual values - many sellers in the past 24 months were outpacing the market by 5-20% and waiting for the market to catch up. Now that the market is back to "normal" growth, listings that are overpriced will sit - predictably.
Negotiation. On average, a buyer can reasonably expect between 0-6% negotiation room depending on factors such as: days on market, current condition, recent price reductions, etc.
Interested in Selling Your 30A Home?
Let's Work Together to Achieve Your Goals.
