QUARTERLY MARKET REPORT FOR YTD 9/30/16
Erin Oden is the principal broker and owner of Coastal Luxury. Erin maintains a strong emphasis on intimate market knowledge and a high level of investment in focused niche marketing. Staying closely attuned to the trends to keep clients aligned with the market for peak opportunity, as well as strategically marketing clients’ properties above the expectation and the competition has proven successful and rewarding.
Having consistently ranked as a top producer in
the top 1% of agents, and known for selling many of our area's record highest sales, Erin has closed $43 million in residential area sales this past year, continuing to represent the successful sales of our coast's finest residences.
I F YO U A R E L O O K I N G TO S UCC E S S F U L LY S E L L YO UR LUX URY P RO P E RTY TH I S SE A SO N , I WO ULD L OV E TH E P L E ASURE O F HE A R I N G F RO M YO U!
Call Erin Oden Directly at 850.502.1220 Erin@CoastalLuxury.com
CONSIDERING SELLING? OR LOOKING TO BUY? CoastalLuxury.com
SCE N IC H W Y 30A COR R I DOR
A quick review of the overall 30A home market
Erin Oden continues to rank in the Top 1% of Producers, with Focus and Proven Expertise in The Luxury and Gulf-front Market Segments.
CONSIDERING SELLING?
Call Erin Oden Directly at 850.502.1220 Erin@CoastalLuxury.com
Erin Oden • closed $133 million in recent residential sales from 2011 to 2015 • closed $43 million in residential sales in 2015 • remains in the top 1% of ECAR agents • lends proven expertise in the luxury market, with 84% of 2015 sales closing at +$1 million Statistics for local residential sales. Statistics according to data gathered from FLEX MLS. Deemed reliable but not guaranteed.
Pg. 2 - Quarterly Market Report for Y TD 9/31/16
928
913
7.9
30A CORRIDOR
8.7
M A R K E T R E P O R T F O R Y T D 9/ 3 0/ 1 6
MARKET REPORT FOR YTD 9/30/16
CURRENT AVAILABILITYTransactions & SUPPLY Statistics for detached residences, attached units, and condos only; EXCLUDES vacant land. 928913
928
928 9/30/15
Volume % of List Price
913
7.9
7.9
913
9/30/15
PROPERTIES ON MARKET
8.7
$921,429,522
$884,480,818
8.7
7.9
9/30/16
8.7
*What does this mean? If no other homes were to enter the market, it would 4%+ take just 8.7 months for the 1,002 95% 95% current inventory to sell out at the current rate of sales.
1,005 9/30/16
2015
MONTHS OF INVENTORY
2016
SALES & AVERAGE SALES PRICES Statistics for detached residences, attached units, and condos only; EXCLUDES vacant land. Transactions Transactions CLOSED TRANSACTIONS & CLOSED SALES VOLUMES Volume Volume of List Price % of List% Price Transactions
AVERAGE SALES PRICES
Volume $921,429,522 $921,429,522 $884,480,818 $884,480,818 % of List Price
$884,480,818
$921,429,522 4%+
1,005 1,005
4%+
4%+ 1,002
1,002 1,005 95% 95% 1,002 95%
2015 2015YTD2015 9/30/15
95% 95%
880,080 80
2016
2016 2016 YTD 9/30/16
Average Sales Price Average Sales Price Average Days on Market Price perFoot Square Foot Price per Square $919,590 Average Days on Market Average Days on Market
$919,590 $919,590
$377
95%
The 30A corridor home and condo dollar sales volume approached near a billion dollars for the first 9 months of 2016. This was up 4% from 2015 commensurate with an increase in average sales price as the number of transactions was flat. Q3 was up 9% propelled by: • a 4% increase in transactions and Average Sales Price • a 5% average sales price increase Price per Square Foot
$880,080
$919,590
$880,080
$392
183 4%+
2015 YTD 9/30/15
Average Sales Price Price per Square Foot Average Days on Market
4%+
155 15%-
YTD 2016 9/30/16
The average dollar per square foot of sold properties is up 4% for the year. We saw the average days on the market at 142 for Q3, down 19% from Q3 2015. We were somewhat surprised to see the inventory slightly down at the end of Q3 versus prior year. This gives us confidence that the enthusiasm for our market is continuing through 2016. 30A Corridor - Pg. 3
WAT ER SOU N D BEACH
The number of sales transactions for WaterSound Beach is down YTD as well as Q3. However, the average sales price and dollar per square foot are up 5% and 4% respectively for the year. This has generally been the recent trend for WaterSound Beach.
At the end of September, 49 homes were on the market ranging from a condo offered at $865 thousand to a luxury beach home offered at $ 7.0 million. As in years past, I have recently had the pleasure to personally represent a number of exceptional transactions in this lovely community. WaterSound Beach certainly defines the coastal elements and lifestyle of 30A. We anticipate values and demand to remain strong in 2016.
Pg. 4 - Quarterly Market Report for Y TD 9/31/16
~ Erin Oden
49 41
12 8.2
WATERSOUND BEACH M A R K E T R E P O R T F O R Y T D 9/ 3 0/ 1 6
CURRENT AVAILABILITY & SUPPLY Transactions Statistics for detached residences, attached units, and condos only; EXCLUDES vacant land. Volume % of List Price
49 49
41 41
$77,628,500
$72,046,125 *What does this mean?
49 9/30/15
41 9/30/16
8.2 8.2 9/30/15
PROPERTIES ON MARKET
12.312.3 42
9/30/16
12.3 MONTHS8.2 OF INVENTORY
If no other homes were to enter the market, it would take 12.3 months for the current inventory to sell out 95% 96% at the current 37 rate of sales. 12%-
7%-
2014
2015
Access and Search WaterSound Beach Properties at CoastalLuxury.com/WaterSoundBeach
SALES & AVERAGE SALES PRICES Statistics for detached residences, attached units, and condos only; EXCLUDES vacant land.
Transactions Transactions CLOSED TRANSACTIONS & CLOSED SALES VOLUMES Volume Volume of Price List Price % of% List Transactions $77,628,500 $77,628,500 Volume
$77,628,500
95% 95% 42
20142014
Average Sales Price Price per Square Foot Average Days on Market
$72,046,125 $72,046,125
% of List Price
42 42
AVERAGE SALES PRICES
$72,046,125
37 37 95%
96% 96%
377%12%-12%7%12%2015 7%2015
YTD2014 9/30/15
96%
2015 YTD 9/30/16
$1,947,193
$1,848,298 $600
$627
176 5%+
4%+
149 15%-
2014 YTD 9/30/15
2015 YTD 9/30/16
Stay on Top of WaterSound Beach Sales Activity! View ALL WaterSound Beach new listings AND sales transactions LIVE as they hit the market! And receive comprehensive market updates in your inbox. Drop the enclosed response card in the mail and we will keep you informed on YOUR market!
$1,848,298
Average Sales Price CoastalLuxury.com/WaterSoundBeach
Average Sales Price Foot Price per Square Average Sales Price Statistics according to data gathered from Price combined properties (detached homes, attached units and condos). Deemed reliable but not guaranteed. perforSquare Foot Average Daysresidential on Market PriceFLEX per MLS Square Foot Average on Market Average DaysDays on Market WaterSound Beach - Pg. 5 $1,947,193
WAT ERCOLOR
WaterColor continues to have a very vibrant 2016 with the number of YTD sales transactions up 17% over prior year. We continue to see a slight trend of fewer properties on the market and lower inventories plus a decrease in time on the market for sold properties.
WaterColor’s charm continues to attract homeowners. At the end of September, 86 homes were on the market. The average sale price for sold properties continues to be around $1.5 million with current listed properties ranging from a $729 thousand condo to a $6.0 million luxury home. We anticipate the market will continue its vibrancy in 2016. ~ Erin Oden
Pg. 6 - Quarterly Market Report for Y TD 9/31/16
94
86 13.4
WATERCOLOR
M A R K E T R E P O R T F O R Y T D 9/ 3 0/ 1 6
CURRENT AVAILABILITY & SUPPLY Transactions Statistics for detached residences, attached units, and condos only; EXCLUDES vacant land.
94 94
Volume % of List Price
86 86 13.413.4 94
9/30/15
86 9/30/15
9/30/16
13.4
$135,705,500 *What does this mean? $114,639,000 If no other homes were to enter the market, it would take 10.8 months for 18%+ the current inventory to sell out at the 94% 91 94% 78 current rate of sales.
10.810.8 9/30/16
17%+
10.8 MONTHS OF INVENTORY
PROPERTIES ON MARKET
2014
2015
Access and Search WaterColor Properties at CoastalLuxury.com/WaterColor
SALES & AVERAGE SALES PRICES Statistics for detached residences, attached units, and condos only; EXCLUDES vacant land.
Transactions ransactions CLOSED TRANSACTIONS & CLOSED SALES VOLUMES Volume olume % of List % of List PricePrice Transactions Volume % of List Price
$114,639,000 $114,639,000
AVERAGE SALES PRICES Average Sales Price Price per Square Foot Average Days on Market
$135,705,500 $135,705,500 $135,705,500
$114,639,000
$1,491,269
$1,469,731
18%+ 18%+
78 78
94% 91 91 94% 78
20142014
18%+ 94% 94%
94% 91 17%+17%+ 17%+ 20152015
2014 YTD 9/30/15
$494
94%
2015 YTD 9/30/16
249
$480 1%+
YTD2014 9/30/15
3%-
170 32%-
2015 YTD 9/30/16
Stay on Top of WaterColor Sales Activity! View ALL WaterColor new listings AND sales transactions LIVE as they hit the market! And receive comprehensive market updates in your inbox. Drop the enclosed response card in the mail and we will keep you informed on YOUR market!
1,469,731
Average Sales Price CoastalLuxury.com/WaterColor
PriceSales per Square Average Price Foot Average Sales Price Average Days on Market Statistics according to data gathered from Price combined properties (detached homes, attached units and condos). Deemed reliable but not guaranteed. perforSquare Foot PriceFLEX per MLS Square Footresidential Average Days on Market Average Days on Market WaterColor - Pg. 7 $1,491,269
10
ROSEMARY BCH
Even though Rosemary’s number of transactions is somewhat down for the first three quarters, dollar sales volume is up significantly. This is on the strength of the dollar per square foot of sold properties increasing to $800 for the year and $834 for the 3rd quarter. Clearly, this has captured the attention of potential sellers as we have seen a ramp up of properties on the market and an increase in inventory. Also notable is that the number of transactions for Q3 were up 8% over the same prior year period.
Pg. 8 - Quarterly Market Report for Y TD 9/31/16
Construction of new condos, along with commercial space, continues to progress on the south side of town center and is expected to begin soon in north town center. At the end of Q3, there were 70 properties on the market with an average list price at $3.0 million. Prices ranged from an $835 thousand home to a $14.5 million beachfront property. This year, I have had the pleasure to personally represent several exceptional transactions in this lovely community. We anticipate Rosemary’s market to remain vibrant in the months ahead. - Erin Oden
70
49
9.8
17.5
ROSEMARY BCH
M A R K E T R E P O R T F O R Y T D 9/ 3 0/ 1 6
CURRENT AVAILABILITY & SUPPLY Statistics for detached residences, attached units, and condos only; EXCLUDES vacant land. Transactions
70 49
49
Volume % of List Price
70
$117,327,000
$100,827,45017.5 17.5 9.8
9.8 70
49 9/30/15
9/30/16
57
17.5
9.8 PROPERTIES ON MARKET
9/30/15
92% 9/30/16
92%
46
19%MONTHS OF INVENTORY
16%+
2015
2016
Access and Search Rosemary Bch Properties at CoastalLuxury.com/RosemaryBch
SALES & AVERAGE SALES PRICES Statistics for detached residences, attached units, and condos only; EXCLUDES vacant land. Transactions Transactions AVERAGE SALES PRICES CLOSED TRANSACTIONSVolume & CLOSED SALES VOLUMES Volume % of List Price % of List Price
Transactions Volume % of List Price
Average Sales Price Price per Square Foot Average Days on Market
$117,327,000$117,327,000 $100,827,450 $100,827,450
$100,827,450
92% 2015 YTD2015 9/30/15
$2,550,587 $1,768,903
92% 57
57 57
$117,327,000
46
92%
92% 46 19%- 16%+ 19%- 2015 16%+ 2016
92%
92% 46 19%- 16%+
$651
$800
150
2016 YTD 9/30/15 YTD 9/30/15 2015
YTD2016 9/30/16
44%+
23%+
238 58%+
YTD2016 9/30/16
Stay on Top of Rosemary Bch Sales Activity! View ALL Rosemary Bch new listings AND sales transactions LIVE as they hit the market! And receive comprehensive market updates in your inbox. Drop the enclosed response card in the mail and we will keep you informed on YOUR market!
CoastalLuxury.com/RosemaryBch Average Sales Price Average Sales Price Average Sales Price Price per Square Foot Price per Square Statistics according to data gathered from FLEX MLS for combined properties (detached homes, attachedFoot units and condos). Deemed reliable but not guaranteed. Price per Square Foot Average Days onresidential Market $2,550,587
Average Days on Average Market Days on Market
$2,550,587
Rosemary Bch - Pg. 9
Erin Oden is the principal broker and owner of Coastal
Luxury. Erin maintains a strong emphasis on intimate market knowledge and a high level of investment in focused niche marketing. Staying closely attuned to the trends to keep clients aligned with the market for peak opportunity, as well as strategically marketing clients’ properties above the expectation and the competition has proven successful and rewarding.
Having consistently ranked as a top producer in the top
1% of agents, and known for selling many of our area's record highest sales, Erin has closed $43 million in residential area sales this past year, continuing to represent the successful sales of our coast's finest residences.
I F YO U A RE L O O KIN G TO S U C C E S S F U L LY SE L L YO UR L UXURY P RO P E RTY TH I S SE ASO N , I WO UL D L OVE TH E P L E A S U R E O F H E ARIN G FRO M YO U!
Call Erin Oden Directly at 850.502.1220 Erin@CoastalLuxury.com
CoastalLuxury.com
Pg. 10 - Quarterly Market Report for Y TD 9/31/16
CONSIDERING SELLING? OR LOOKING TO BUY?