What’s the Latest Market News on 30A During Coronavavirus?

What’s the Latest Market News on 30A During Coronavavirus?

Fri Mar 27 2020

This week the median list price for Inlet Beach, FL 32461 is $1,575,000 with the market action index hovering around 28. This is an increase over last month’s market action index of 26. Inventory has held steady at or around 229. Click here to stay informed with the Inlet Beach market and the impact of the Coronavirus on the 30A market!
 
 

Market Action Index

Home sales on 30A during Coronavirus have been exceeding new inventory for several weeks. Since this is a Buyer’s market prices are not yet moving higher as excess inventory is consumed. However, as the supply and demand trends continue, the market moves into the Seller’s zone, and we are likely to see upward pressure on pricing.
 
We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move from these levels.
 

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

 
Median Price Sq.Ft Lot Size Beds Bath Age New Absorbed DOM
$4,395,000 4,313 6,500 – 8,000 sqft 5 5 4 2 4 285
$2,295,000 3,414 0 – 4,500 sqft 5 5 12 3 2 222
$1,077,000 2,662 4,500 – 6,500 sqft 4 4 7 2 4 188
$597,000 1,938 0 – 4,500 sqft 3 2 7 4 1 173
 

Fri Mar 27 2020

This week the median list price for Santa Rosa Beach, FL 32459 is $799,000 with the market action index hovering around 33. This is an increase over last month’s market action index of 32. Inventory has held steady at or around 459. Click here to stay informed with the Santa Rosa Beach market!
 

Market Action Index

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Santa Rosa Beach market.Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.
 
Median Price Sq.Ft Lot Size Beds Bath Age New Absorbed DOM
$2,692,000 3,944 6,500 – 8,000 sqft 5 5 8 8 6 194
$1,099,000 2,652 6,500 – 8,000 sqft 4 4 15 7 8 145
$659,000 2,100 4,500 – 6,500 sqft 4 3 8 11 10 171
$395,000 1,780 4,500 – 6,500 sqft 3 2 14 18 12 126

 

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