The broken record continues. "Our market continues to show strength with increases in list and sale price while inventory remains tight”. Closed sales fall within all price ranges with the bulk being under $3MM but enough over that number to illustrate a continued demand for the highest-end luxury on 30A. Pricing for the most exclusive properties has closed in on peak pricing of the mid-2000s while others are still under those peaks so interestingly it is the top end that has jumped the most. Think Gulf Front, Rosemary Beach, and Alys Beach. Inlet Beach is the hot area with it being the last frontier for development. Although one must wonder how long prices can continue to escalate low inventory is putting the right pressure to maintain the trend at least for now. Take in the quick snap-shot market report below or browse through your favorite planned community or area in detail below.
30A East:
- The absorption rate dropped 8.37% to 8.1 months of inventory.
- The median list price jumped 9.81% to $1,097,800.
- The median sale price rose 9.74% to $700,000.
- median days on the market fell 1.43% in 69 days.
30A West:
- The absorption rate fell 19.43% to 7.01 months of inventory.
- The median list price rose 5.37% to $697,000.
- The median sale price jumped 10.24% to $540,000.
- Median days on the market rose by 33% to 80 days.
Feel free to call or email me any time to discuss the market in more detail or with questions!
