The Corcoran Report 30A | Q3 2020
Q 3 2 02 0 | 3 0A | 2
Welcome to 30A 2020 has been a year of unprecedented firsts. In these unusual times, 30A has evolved from a beloved vacation getaway to a coveted destination for homeowners craving the sandy shores and slower paced lifestyle of this idyllic coastal paradise. Demand for the beach, a more mobile/work-from-home workforce and record-low interest rates have made for an exciting second quarter here on 30A - let's take a look.
METR I C S
PERCENTAGE OF LIST SOLD Taking the sold price of a property and dividing it by the original list price of the property. This metric, expressed as a
NUMBER OF SALES
percentage, is often used to determine pricing strategies for
The total number of detached single family homes that closed
submitting offers on properties..
within the third quarter of 2020. YEAR OVER YEAR
AVERAGE SALES PRICE The average sales price is determined by taking the sum of all
The third quarter (Q3) is determined as 7/1/2020 - 9/30/2020;
detached single family homes and dividing it by the number of
and measured against the same period from 2019.
homes sold in a particular area during the specified time frame. Average sales price may vary greatly within a community due
NUMBER OF PENDING SALES
to a home's size, proximity to amenities / bodies of water or
The total number of detached single family homes placed
interior finishes.
under contract during Q3 2020. DAYS ON MARKET
SOURCE
Days on market is measured by the number of calendar days between the list date of a property and the date that it goes
Information gathered from the Emerald Coast of Realtors for
pending/under contract. Please note that days on market may
the period of 7/1/2020 - 9/30/2020.
trend higher if it is a new construction property that was listed prior to completion..
D I SCL AI MER
AVERAGE SOLD PRICE PER SQUARE FOOT
The Corcoran Group. All offices independently owned and
Dividing the sold price by the number of air-conditioned and
operated. All information contained in this report is deemed
heated square feet of the property gives you the average sold
reliable but not guaranteed.
price per square foot for a home, community or property type. It is a key metric for investors and owners interested in a home's value compared to properties of similar quality.
Q 3 2 02 0 | 3 0A | 3
30A Overall Average Sales Price
Percentage of List Sold
Highest Priced Sale
+111% V S . Q 2 2 0 2 0
+ 4% V S . Q 2 2 0 2 0
+1% V S . Q 2 2 0 2 0
+51% V S . Q 2 2 0 2 0
Number of Pending Sales
Average Price Per SF
Average Days on Market
124
Lowest Priced Sale
$303k
+2 % V S . Q 2 2 0 2 0
+7 % V S . Q 2 2 0 2 0
+17 % V S . Q 2 2 0 2 0
Number of Sales
657 413 ---
$1.48M
$500
97%
$15.1M
Q 3 2 02 0 | 3 0A E A S T | 4
East 30A
458
Average Sales Price
$1.71M
Percentage of List Sold
Highest Priced Sale
+10 6% V S . Q 2 2 0 2 0
+8% VS. Q2 2020
+1% V S . Q 2 2 0 2 0
+51% V S . Q 2 2 0 2 0
Number of Pending Sales
Average Price Per SF
Average Days on Market
119
Lowest Priced Sale
$355k
+ 6% V S . Q 2 2 0 2 0
- 6% V S . Q 2 2 0 2 0
+16% V S . Q 2 2 0 2 0
Number of Sales
309 ---
$557
97%
$15.1M
Q 3 2 02 0 | 3 0A W E S T | 5
West 30A Average Sales Price
Percentage of List Sold
Highest Priced Sale
+121% V S . Q 2 2 0 2 0
- 8% VS. Q2 2020
+2 % V S . Q 2 2 0 2 0
+3 2 % V S . Q 2 2 0 2 0
Number of Pending Sales
Average Price Per SF
Average Days on Market
133
Lowest Priced Sale
$303k
-9% VS. Q2 2020
+51% V S . Q 2 2 0 2 0
+17 % V S . Q 2 2 0 2 0
Number of Sales
199
104 ---
$939k
$367
98%
$7.5M
Q 3 2 02 0 | ROSEM A RY B E ACH | 6
Rosemary Beach Average Sales Price
Percentage of List Sold
Highest Priced Sale
+3 2 9 % V S . Q 2 2 0 2 0
+9 % V S . Q 2 2 0 2 0
+3 % V S . Q 2 2 0 2 0
+2 6% V S . Q 2 2 0 2 0
Number of Pending Sales
Average Price Per SF
Average Days on Market
152
Lowest Priced Sale
$1.07M
+ 6% V S . Q 2 2 0 2 0
15 8 % V S . Q 2 2 0 2 0
-14% V S . Q 2 2 0 2 0
Number of Sales
30 2 ---
$2.58M
$807
95%
$4.9M
Q 3 2 02 0 | A LYS B E ACH | 7
Alys Beach Number of Sales
Average Sales Price
Percentage of List Sold
Highest Priced Sale
+ 41% V S . Q 2 2 0 2 0
- 6% V S . Q 2 2 0 2 0
0% VS. Q2 2020
- 40% VS. Q2 2020
Number of Pending Sales
Average Price Per SF
Average Days on Market
57
Lowest Priced Sale
$2.2M
- 5% V S . Q 2 2 0 2 0
-50% VS. Q2 2020
+2 2 % V S . Q 2 2 0 2 0
24
20 ---
$3.9 M
$1,109
97%
$6M
Q 3 2 02 0 | WATER SO U N D B E ACH | 8
WaterSound Beach
29
Average Sales Price
$2.44M
Percentage of List Sold
94%
$5.49M
+16 4% V S . Q 2 2 0 2 0
- 5% V S . Q 2 2 0 2 0
+2 % V S . Q 2 2 0 2 0
+3 6% V S . Q 2 2 0 2 0
Number of Pending Sales
Average Price Per SF
Average Days on Market
153
Lowest Priced Sale
$1.03M
+1% V S . Q 2 2 0 2 0
-19 % V S . Q 2 2 0 2 0
+8% VS. Q2 2020
Number of Sales
9 ---
$686
Highest Priced Sale
Q 3 2 02 0 | SE A SI DE | 9
Seaside Average Sales Price
Percentage of List Sold
+5 5 0 % V S . Q 2 2 0 2 0
-11% V S . Q 2 2 0 2 0
-1% V S . Q 2 2 0 2 0
+74% V S . Q 2 2 0 2 0
Number of Pending Sales
Average Price Per SF
Average Days on Market
69
Lowest Priced Sale
$830k
-32% VS. Q2 2020
-72 % V S . Q 2 2 0 2 0
- 51% V S . Q 2 2 0 2 0
Number of Sales
13 4 ---
$2.36M
$1,212
97%
Highest Priced Sale
$6.25M
Q 3 2 02 0 | WATERCO LO R | 10
WaterColor Average Sales Price
Percentage of List Sold
Highest Priced Sale
+13 8 % V S . Q 2 2 0 2 0
+9 % V S . Q 2 2 0 2 0
+3 % V S . Q 2 2 0 2 0
0% VS. Q2 2020
Number of Pending Sales
Average Price Per SF
Average Days on Market
109
Lowest Priced Sale
$980k
+3 % V S . Q 2 2 0 2 0
-29% VS. Q2 2020
+5% V S . Q 2 2 0 2 0
Number of Sales
57 19 ---
$2.14M
$633
97%
$4.3M
Q 3 2 02 0 | GU L F FRO NT | 11
Gulf-Front Average Sales Price
Percentage of List Sold
Highest Priced Sale
+79 % V S . Q 2 2 0 2 0
+2 % V S . Q 2 2 0 2 0
+2 % V S . Q 2 2 0 2 0
+51% V S . Q 2 2 0 2 0
Number of Pending Sales
Average Price Per SF
Average Days on Market
236
Lowest Priced Sale
$1.6M
-1% V S . Q 2 2 0 2 0
+15% V S . Q 2 2 0 2 0
- 6% V S . Q 2 2 0 2 0
Number of Sales
25 10 ---
$5.04M
$1,445
93%
$15.1M