Scenic Highway 30A Corridor Market Trends Report for First Half 2017

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S C E N I C H I G H W AY 3 0 A C O R R I D O R MARKET TRENDS REPORT FOR FIRST HALF 2017

A Review of the Scenic Highway 30A Home Market D e t ac h e d H omes, A t tached U nits, and C ondos

CON T E N TS 30A SCENIC CORRIDOR . . . . 4 WATERSOUND BEACH . . . . 6 WATERCOLOR BEACH . . . . 8 ROSEMARY . . . . 1 0 SEASIDE . . . . 1 2 ALYS BEACH . . . . 1 4 30A GULF-FRONT. . . . 1 6 30A HIGH END LUXURY $3M+. . . . 1 8 2016 SALES SHOWCASE. . . . 2 0

A Review This of the Scenic Highway Home exclusive residence currently30A offered for sale:Market ac Row hed Lane. H om es, A t ta ch e d U n i ts , a n d C o n d o s 11Det Park coastalluxury.com/listings/11-park-row-lane

Shift Your Pace and Take in Some Beach Time 30A! THE WORD IS OUT. More and more visitors are flocking to the coastal communities of Scenic Highway 30A along Northwest Florida's Gulf to enjoy this precious slice of sandy paradise. Our many beach towns that line 28 miles of pristine white beaches are famous for capturing the concepts of idyllic coastal living. The people who treasure the area are looking to escape their normal pace and slow down to beach time. Time here reminds us of that perfect, calm pace and that 30A offers what life at the beach is meant to be. Turn through the pages of our summer issue for a closer look at 30A’s upcoming events, favorite pastimes, real estate trends, and home design ideas. Be inspired, and join us this season for some much-needed beach time.

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 30-A, the first office east of Alys Beach. Search all available properties at coastalluxury.com/search.

Warmest Greetings from the Beach,

~Erin

A Review of 30A Home Price Trends 30A CO RRIDO R 30A CORRIDOR

Statistics for detached residences, attached units, and condos only; EXCLUDES vacant land.

2004

$760,129 $923,551 21%

2005

$962,880

2006

4%

$1,040,371

2007

8%

$824,721 21%

2008

$605,978 27%

2009

$598,431

2010

$625,552

2011

1% 5%

$636,382 2%

2012

$728,487 14%

2013

$796,763

2014

9%

$871,099

2015

9%

$932,223 7%

2016 $0

$275,000

$550,000

$825,000

$1,100,000

Statistics according to data gathered from FLEX MLS for combined residential properties (detached homes, attached units and condos). Deemed reliable but not guaranteed. Prepared compliments of Erin Oden, Coastal Luxury.

PG. 3 SCENIC HWY 30A CORRIDOR

FIRST HALF 2017

SCEN IC H W Y 30A COR R I DOR FIRST HALF 2017

NUMBER OF SALES

AV E R A G E SALES PRICE

AV E R A G E P R I C E PER SQUARE FOOT

PROPERTIES ON M A R K E T AT Q U A R T E R E N D

655

$904,114

$388

970

FIRST HALF 2016

FIRST HALF 2016

FIRST HALF 2016

FIRST HALF 2016

15%

10%

9%

4%

751

$998,371

$425

936

FIRST HALF 2017

FIRST HALF 2017

FIRST HALF 2017

FIRST HALF 2017

MONTHS OF INVENTORY

VOLUME OF SALES

AV E R A G E D AY S O N M A R K E T OF SOLD PROPERTIES

P E R C E N TA G E O F LIST PRICE

9.0

$592,194,480

161

95%

FIRST HALF 2016

FIRST HALF 2016

FIRST HALF 2016

FIRST HALF 2016

11%

27%

10%

7.9

$749,776,979

177

95%

FIRST HALF 2017

FIRST HALF 2017

FIRST HALF 2017

FIRST HALF 2017

Statistics according to data gathered from FLEX MLS for combined residential properties (detached homes, attached units, and condos. Excludes land. Deemed reliable but not guaranteed.

SCENIC HWY 30A CORRIDOR

PG. 5 FIRST HALF 2017

WAT ER SOU N D BEACH FIRST HALF 2017

NUMBER OF SALES

AV E R A G E SALES PRICE

AV E R A G E P R I C E PER SQUARE FOOT

PROPERTIES ON M A R K E T AT Q U A R T E R E N D

25

$1,902,153

$643

42

FIRST HALF 2016

FIRST HALF 2016

FIRST HALF 2016

FIRST HALF 2016

19%

6%

31%

25

$2,262,752

$682

55

FIRST HALF 2017

FIRST HALF 2017

FIRST HALF 2017

FIRST HALF 2017

MONTHS OF INVENTORY

VOLUME OF SALES

AV E R A G E D AY S O N M A R K E T OF SOLD PROPERTIES

P E R C E N TA G E O F LIST PRICE

10.7

$47,553,825

78

96%

FIRST HALF 2016

FIRST HALF 2016

FIRST HALF 2016

FIRST HALF 2016

31%

19%

318%

14.0

$56,568,800

325

94%

FIRST HALF 2017

FIRST HALF 2017

FIRST HALF 2017

FIRST HALF 2017

Statistics according to data gathered from FLEX MLS for combined residential properties (detached homes, attached units, and condos. Excludes land. Deemed reliable but not guaranteed.

WATERSOUND BEACH

PG. 7 FIRST HALF 2017

WAT ERCOLOR FIRST HALF 2017

NUMBER OF SALES

AV E R A G E SALES PRICE

AV E R A G E P R I C E PER SQUARE FOOT

PROPERTIES ON M A R K E T AT Q U A R T E R E N D

64

$1,423,875

$476

85

FIRST HALF 2016

FIRST HALF 2016

FIRST HALF 2016

FIRST HALF 2016

20%

14%

64

$1,712,920

$542

85

FIRST HALF 2017

FIRST HALF 2017

FIRST HALF 2017

FIRST HALF 2017

MONTHS OF INVENTORY

VOLUME OF SALES

AV E R A G E D AY S O N M A R K E T OF SOLD PROPERTIES

P E R C E N TA G E O F LIST PRICE

8.5

$91,128,000

180

95%

FIRST HALF 2016

FIRST HALF 2016

FIRST HALF 2016

FIRST HALF 2016

8%

20%

22%

9.2

$109,626,900

220

95%

FIRST HALF 2017

FIRST HALF 2017

FIRST HALF 2017

FIRST HALF 2017

Statistics according to data gathered from FLEX MLS for combined residential properties (detached homes, attached units, and condos. Excludes land. Deemed reliable but not guaranteed.

WATERCOLOR

PG. 9 FIRST HALF 2017

ROSEM A RY FIRST HALF 2017

This exclusive residence currently offered for sale: 51 Park Row Lane. coastalluxury.com/listings/51-park-row-lane-2

NUMBER OF SALES

AV E R A G E SALES PRICE

AV E R A G E P R I C E PER SQUARE FOOT

PROPERTIES ON M A R K E T AT Q U A R T E R E N D

32

$2,448,344

$786

67

FIRST HALF 2016

FIRST HALF 2016

FIRST HALF 2016

FIRST HALF 2016

13%

1%

4%

32

$2,130,828

$778

64

FIRST HALF 2017

FIRST HALF 2017

FIRST HALF 2017

FIRST HALF 2017

MONTHS OF INVENTORY

VOLUME OF SALES

AV E R A G E D AY S O N M A R K E T OF SOLD PROPERTIES

P E R C E N TA G E O F LIST PRICE

14.6

$78,347,000

293

92%

FIRST HALF 2016

FIRST HALF 2016

FIRST HALF 2016

FIRST HALF 2016

17%

13%

26%

12.2

$68,186,500

218

92%

FIRST HALF 2017

FIRST HALF 2017

FIRST HALF 2017

FIRST HALF 2017

Statistics according to data gathered from FLEX MLS for combined residential properties (detached homes, attached units, and condos. Excludes land. Deemed reliable but not guaranteed.

ROSEMARY

PG. 11 FIRST HALF 2017

SE A SI DE FIRST HALF 2017

This exclusive residence currently offered for sale: 51 Park Row Lane. coastalluxury.com/listings/51-park-row-lane-2

NUMBER OF SALES

AV E R A G E SALES PRICE

AV E R A G E P R I C E PER SQUARE FOOT

PROPERTIES ON M A R K E T AT Q U A R T E R E N D

7

$1,716,714

$723

29

FIRST HALF 2016

FIRST HALF 2016

FIRST HALF 2016

FIRST HALF 2016

29%

16%

51%

7%

9

$1,991,389

$1,095

27

FIRST HALF 2017

FIRST HALF 2017

FIRST HALF 2017

FIRST HALF 2017

MONTHS OF INVENTORY

VOLUME OF SALES

AV E R A G E D AY S O N M A R K E T OF SOLD PROPERTIES

P E R C E N TA G E O F LIST PRICE

16.6

$12,017,000

454

95%

FIRST HALF 2016

FIRST HALF 2016

FIRST HALF 2016

FIRST HALF 2016

49%

72%

17.1

$17,922,500

129

93%

FIRST HALF 2017

FIRST HALF 2017

FIRST HALF 2017

FIRST HALF 2017

Statistics according to data gathered from FLEX MLS for combined residential properties (detached homes, attached units, and condos. Excludes land. Deemed reliable but not guaranteed.

SEASIDE

PG. 13 FIRST HALF 2017

A LYS BE ACH FIRST HALF 2017

NUMBER OF SALES

AV E R A G E SALES PRICE

AV E R A G E P R I C E PER SQUARE FOOT

PROPERTIES ON M A R K E T AT Q U A R T E R E N D

9

$2,597,312

$769

15

FIRST HALF 2016

FIRST HALF 2016

FIRST HALF 2016

FIRST HALF 2016

133%

24%

24%

13%

21

$1,970,826

$952

17

FIRST HALF 2017

FIRST HALF 2017

FIRST HALF 2017

FIRST HALF 2017

MONTHS OF INVENTORY

VOLUME OF SALES

AV E R A G E D AY S O N M A R K E T OF SOLD PROPERTIES

P E R C E N TA G E O F LIST PRICE

11.3

$23,375,808

122

97%

FIRST HALF 2016

FIRST HALF 2016

FIRST HALF 2016

FIRST HALF 2016

58%

77%

15%

4.7

$41,387,345

140

97%

FIRST HALF 2017

FIRST HALF 2017

FIRST HALF 2017

FIRST HALF 2017

Statistics according to data gathered from FLEX MLS for combined residential properties (detached homes, attached units, and condos. Excludes land. Deemed reliable but not guaranteed.

ALYS BEACH

PG. 15 FIRST HALF 2017

30A GU L F-F RON T FIRST HALF 2017

NUMBER OF SALES

AV E R A G E SALES PRICE

AV E R A G E P R I C E PER SQUARE FOOT

PROPERTIES ON M A R K E T AT Q U A R T E R E N D

53

$2,007,708

$741

115

FIRST HALF 2016

FIRST HALF 2016

FIRST HALF 2016

FIRST HALF 2016

43%

8%

6%

4%

76

$2,160,118

$784

120

FIRST HALF 2017

FIRST HALF 2017

FIRST HALF 2017

FIRST HALF 2017

MONTHS OF INVENTORY

VOLUME OF SALES

AV E R A G E D AY S O N M A R K E T OF SOLD PROPERTIES

P E R C E N TA G E O F LIST PRICE

11.6

$106,408,500

177

93%

FIRST HALF 2016

FIRST HALF 2016

FIRST HALF 2016

FIRST HALF 2016

15%

54%

53%

9.9

$164,168,950

272

92%

FIRST HALF 2017

FIRST HALF 2017

FIRST HALF 2017

FIRST HALF 2017

Statistics according to data gathered from FLEX MLS for combined residential properties (detached homes, attached units, and condos. Excludes land. Deemed reliable but not guaranteed.

30A GULF-FRONT

PG. 17 FIRST HALF 2017

30A H IGH-E N D LU XU RY $3M+ FIRST HALF 2017

NUMBER OF SALES

AV E R A G E SALES PRICE

AV E R A G E P R I C E PER SQUARE FOOT

PROPERTIES ON M A R K E T AT Q U A R T E R E N D

15

$5,272,500

$1,037

99

FIRST HALF 2016

FIRST HALF 2016

FIRST HALF 2016

FIRST HALF 2016

120%

11%

33

$4,677,455

$1,042

111

FIRST HALF 2017

FIRST HALF 2017

FIRST HALF 2017

FIRST HALF 2017

MONTHS OF INVENTORY

VOLUME OF SALES

AV E R A G E D AY S O N M A R K E T OF SOLD PROPERTIES

P E R C E N TA G E O F LIST PRICE

33.9

$79,087,500

153

93%

FIRST HALF 2016

FIRST HALF 2016

FIRST HALF 2016

FIRST HALF 2016

39%

95%

12%

20.8

$154,356,000

172

92%

FIRST HALF 2017

FIRST HALF 2017

FIRST HALF 2017

FIRST HALF 2017

12%

Statistics according to data gathered from FLEX MLS for combined residential properties (detached homes, attached units, and condos. Excludes land. Deemed reliable but not guaranteed.

30A LUXURY HIGH-END $3M+

PG. 19 FIRST HALF 2017

OUR SIGNIFANT SALES IN 2017'S FIRST HALF BY

COASTAL LUXURY CO A RE STA PR L L SO BOT ESE UXU LD H NT RY $6 SID ING ,30 ES 0,0 00

ONE OF A KIND GULF FRONT RESIDENCE

CO A RE STA PR L L SO THE ESE UXU LD SE NT RY $4 LL ING ,75 ER 0,0 00

SPANNING AN IMPRESSIVE 100 FEET ON THE GULF

87 GREEN STREET, SEACREST

59 AUBURN DRIVE, GRAYTON BEACH

CO A RE STA PR L L PE BO ES U ND TH EN XU R IN G $ SID TING Y 2,3 ES 75 ,00 0

CO A RE STA PR L L SO BOT ESE UXU LD H NT RY $2 SID ING ,60 ES 0,0 00

LUXURIOUS WATERCOLOR RESIDENCE IN PARK ROW 51 PARK ROW LANE, WATERCOLOR

PRIMELY LOCATED GULF-FRONT NEAR ALYS BEACH 8696 E CO HWY 30A, 30A EAST END

Iandt waspurchases a pleasure to represent both Sellers and Buyers on their sales Ibeach f you have interest in selling your of exceptional and exquisite beach properties that property this season, we would define the architectural beauty and coastal elements of our area.

be so delighted to hear from you.

Coastal Luxury is ideally located directly on Scenic Hwy 30A, the first office east of Alys Beach. CoastalLuxury.com COASTAL LUXURY • 9961 EAST COUNTY HIGHWAY 30A, SUITE 1, SEACREST, FLORIDA 32461

SEARCH ALL COASTAL PROPERTIES ON MARKET AT COASTALLUXURY.COM/SEARCH

FIRST HALF 2017 CURRENTLY ON MARKET! COASTALLUXURY.COM/LISTINGS

GULF-FRONT LUXURY NEW CONSTRUCTION

SLEEK COASTAL SOPHISTICATION

GULF-FRONT IN ROSEMARY

114 S WATCH TOWER LANE, WATERSOUND BEACH

11 TOWN HALL ROAD, ROSEMARY

2 SPANISH TOWN COURT, ROSEMARY

$6,489,000

$6,245,000

$5,085,000

GULF-FRONT CRISP COASTAL DESIGN

2ND TIER IN ALYS BEACH

20 SEA VENTURE ALLEY, ALYS BEACH $4,495,000

74 MAJESTICA CIRCLE, SEAGROVE GULF-FRONT $4,250,000

GULF-FRONT HOME IN GRAYTON BEACH

BRAND NEW LUXURY SEAGROVE BEACH

80 HOTZ AVENUE, GRAYTON BEACH

98 THYME STREET

$3,850,000

$2,975,000

JUST ONE TIER FROM THE GULF, RENTAL MACHINE

410 BEACHFRONT TRAIL, SEAGROVE $2,745,000

PRIMELY LOCATED ON 30A CLOSE TO ALYS BEACH

8696 E COUNTY HIGHWAY 30A, 30A EAST END $2,375,000

PG. 22 FIRST HALF 2017

SLEEK WATERCOLOR LUXURY

11 PARK ROW LANE, WATERCOLOR $3,949,000

LUXURY GULF-FRONT RENTAL PRODUCER

4789 OCEAN BOULEVARD, DESTINY BY THE SEA $2,750,000

EXQUISITE WATERCOLOR HOME

73 SAND HILL CIRCLE, WATERCOLOR $2,163,000

LUXURY CONDO ON GULF IN SANCTUARY BY THE SEA

SANCTUARY BY THE SEA CONDO 2112, 30A WEST END $1,975,700

PREMIER COMMERCIAL SPACE IN GRAYTON

ESTABLISHED VACATION RENTAL PRODUCER

128 NEEDLERUSH DRIVE, WATERCOLOR $1,731,000

GULF-FRONT CONDO IN MONTEREY

PRIVATE LISTING IN WATESOUND BEACH

23 SHOREBRIDGE CIRCLE, WATERSOUND BEACH $1,498,000

STEPS TO THE BEACH VACATION RENTAL MACHINE

114 LOGAN LANE, GRAYTON BEACH

8638 E CO HWY 30A, UNIT B-101, SEACREST

113 LOS ANGELES STREET, FRANGISTA BEACH

$1,350,000

$1,200,000

$995,000

SOUTH OF 30A BETWEEN ROSEMARY AND SEASIDE

EXCLUSIVE HOMESITE WITH IN THE RETREAT

127 LAKEWOOD DRIVE, 30A EAST END

ANTIGUA LANE - LOT 64 THE RETREAT

$925,000

$765,000

CHARMING CUSTOM BEACH HOME

JUST FOUR TIERS FROM THE GULF

10 CREEK BRIDGE LANE, WATERSOUND $729,000

JUST FOUR TIERS FROM THE GULF

21 WOODY WAGON WAY, SEACREST

LOT 19 PAGINET WAY, MIRAMAR BEACH

$689,000

$385,000

PG. 23

COASTAL LUXURY

|

9961 E. CO HWY 30A, SUITE 1

|

SEACREST, FL 32461

INFO@COASTALLUXURY.COM | PHONE 850-213-3478

www.CoastalLuxury.com

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