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30a Market Report August 2023

30A Market Report August 2023

30A Market Report Notable Points

  • This 30A Market report covers all areas of 30A excluding any areas or communities north of highway 98, such as Watersound Origins. All major communities such as Rosemary Beach, Alys Beach, Kaiya Beach Resort, Watersound Beach, Watersound Camp Creek, Prominence, Seagrove Beach, Watercolor, Naturewalk, Seaside, Grayton Beach, Blue Mountain Beach, Gulf Place, and Santa Rosa Beach area included.
  • 30A Market Overall: New listings are down since a March high of 246 (204 for August) 
  • Total active listings (residential) equal 793, up substantially from last year – but still considered in the normal range.
  • Average listing prices have remained relatively stable over the past 12 months.
  • SOLD average sale price is the highest in 12 months at $2.46M
  • Absorption rate is 9 months, indicating a move from a neutral market into a slight buyers market.
  • Pended Listings volume is $259.9M, the highest “under contract” volume for a single month in 12 months. 
  • SOLD Sales volume was $251M, the 3rd highest month in the past 12 months. 
  • Average sales price Year-over-Year was up +1.35%
  • Average sales price Yea -to-Date ’23 vs. Year-to-Date ’22  was up +7.5%
  • Total Sales in August equaled 102 vs.104 properties placed under contract.
  • There are several factors indicating growth trending up year over year.

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