by Jon Lyons
on Thursday, December 31st, 2020 at 10:15am.
Happy New Years Eve to all those reading this, and thank you to all those who have trusted our services over the past year. Many of you have made the move to the beach here on 30A this year and are enjoying the lifestyle. Congrats.
Through the ups and downs of the year, a number of things have happened in South Walton / 30A area. Here's a few of the most notable things that made our list:
1.) Demand for living at the beach, especially 30A, exploded.
As corporate offices closed, the economy continued to do well for many segments, and interest rates dropped -- People began the exodus from the cities to consider full-time living at the beach. A dream considered to be far-off became reality very quickly for some. Here's a blog we wrote about it earlier this year.
30A has been especially hot because it is beloved by so many. It's quaint towns, wonderful lifestyle, and great community (not to mention the beaches, preserves, outdoor life, lakes, and bay) made it a no brainer for those who can afford it.
2.) Inventory of homes almost ran out, causing a scramble for many looking to make the move.
If you're a 30A lover who decided to start looking for a home this year anywhere near the beaches of South Walton, you know exactly what I mean. The number of sales per month shot through the roof as demand outpaced supply explosively, and homes were snatched up that could be a fit for families. By mid-summer, buyers had to be very quick to place offers, with pre-qual letters, and full price offers (Sometimes more. Nay, oftentimes more).
3.) Developments received a boost from increased sales, causing development in places like Watersound Origins, Kaiya Beach Resort, and Alys Beach to kick into overdrive.
With inventory bought up, developers flush with new cash have been able to move forward more quickly as plans took on a new speed. In Watersound Origins, the town center has broken ground, and in Kaiya and Alys Beach, beach clubs, restaurants and more are well on their way.
4.) Apartment Buildings and townhomes on their way.
Driving through Santa Rosa Beach and South Walton, there are a number of new apartment buildings and townhome projects on their way to help match some of the demand to live here. Nearly a dozen or so projects are either under construction or nearing approval by the county.
Luckily, none of them will be above the 52 foot height line ordinance imposed decades ago in South Walton.
5.) Super-High-End Luxury Real Estate 30A absolutely took off.
$14,000,000. $15,000,000. $16,000,000. Just a few years ago, a $10mm sale on 30A was thought to be a secret sales number that would someday be broken. In 2020, we've seen multiple $10-12mm beachfront sales on 30A, and as noted, even a few in the $14-16mm range. As of New Years Eve 2020, there are 4 $10mm+ properties on 30A under contract set to close in 2021.
We are thankful to have been able to serve you in 2020, and to have accomplished what we did. We made new friends, helped people achieve their dreams, and survived a year surely to be one for the record books in so many ways. God bless you as we venture into the new year.