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.