The sun, the beach, the beautiful water. Creating family memories, enjoying the laid-back lifestyle, the like-minded community, and recharging in luxury - but away from the busyness of the city and bustling areas. This is what owning a family beach home here on 30A is all about.
This Summer on 30A, the @Live30A team is here to provide clarity & the guidance you need.
Notable Sales & Trends Summer 2022
The $5,000,000+ luxury residential market in South Walton is strong and growing stronger with sales (already closed) up 35% year over year and pending sales (under contract) up 44%
The 30A real estate market as a whole is moving back in the direction of "normal" pace and sales - yet is still outpacing 2017-2019 trends drastically. For example: in 2017-2019, the number of sales expected year-to-date for end of July would be about 800 units sold. So far in 2022, we have over 1800 sales year-to-date.
The market is still a sellers market, with absorption rates (a measure of how quickly properties are selling in a market) around 3 months. A definite increase over the past 24 months, where we say absorption rates dip under 1 month, but still much lower than the typical 30A market trend of 6-9 months over the past several years.
Sellers are now no longer able to just "name their price", but must abide by market rules and comps, give the property due exposure, and entertain negotiations from buyers.
The average days on market before a sale is also increasing back to a healthy normal, up from practically zero to 0-60 days, depending on marketing and if correctly priced to sell.