The 30A Real Estate September sales reports illustrates this market continues to sizzle as illustrated in the graph of “real buyers” above. These numbers are for the month of September, 2015. For the month, the hot price bands are $500,000.-$599,000. and $1,000,000.-$1,999,000. with 14 and 19 buyers respectively. So it seems at least for this month buyers were either at the lower end of the buying spectrum or in a quasi higher end going up to $2,000,000.. Pending listings look the same. The $500,000.-$599,000. range sits at number 2 with 12 pending properties while the $1,000,000.-1,999,000. range has a strong 20 pending sales. This is an interesting trend. The average list price for the $500K group is $554,637 and average sale price is $542,787. The average list price for the $1M-$1.99M group is $1,451,696 and average sale price $1,252,740.. So it seems most of the sales in the $1M-$2M range are in that lower end of the spectrum. 30A real estate is showing no signs of a slow down in either pricing or volume. Pending sales typically close within a 30 day time frame. There are three sales in the $3,000,000 plus category and one pending on 30A. The average listing price is $4,833,384. and the average sale price is $3,999,167.. That’s a lot of money! But it’s 30A and anything goes here. Check out the pendings as a percentage of current inventory. That $500,000.-$599,000. range is the highest at 15.4% and the $1,000,000.-$1,999,000. range is third highest at 12.1%. This means not only are sales kicking it best in these categories but as a percentage, pending sales or those getting ready to close are doing well relative to the total listings in those respective categories. So, it isn’t as though there are just more active listings in these particular ranges, there are also sales going on with it. The $600,000.-$699,000. comes in second within this measure so as sales and pending sales are not as strong in this group it looks as though it is doing well relative to it’s volume of listings.
