The beautiful scenic Highway 30A High-End Luxury Real Estate Market and the 30-A Gulf Front Home and Condo Real Estate Market are still reaching new heights!
30-A High-End Luxury Market – The home market remains very strong, with a first half sales volume of $82.5 million in closed homes and condos priced at $3 million or higher, up and impressive 64% over last year’s first quarter. The average sale price of these high-end sales was $4.3 million with the time on market being 6.2 months versus 8.5 in the lst half of 2014.
30-A Gulf-front – The home market and condo sales were very robust in the second quarter with transactions and volume significantly up over the same quarter of prior year. This propelled sales volume for 2015’s first six months to $123.9 million or 24% above last year’s first half. It is important to recognize that the past two years have been historic banner years for the 30A gulf-front market, so this sales volume is in fact positive news. Average sale price for the first half of closed gulf-front homes and condos was $1.51 million, 3% above last year’s strong first half. Time on the market for the last year has been around 8 to 10 months and current inventory is relatively low at 7 months with 101 gulf-front homes and condos on the market near the end of the first half
The Market trends for 2015 and 30A remain strong. We can expect sales and pricing to continue to reflect buyer demand as we continue to progress through the remainder of the year.
If you are thinking about purchasing or selling property on 30A, please call for more details.
The information obtained above is courtesy of the Emerald Coast Association of Realtors and is considered to be accurate but not guaranteed.