2018 Market Update

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Spring 2018 30A Condo Report

By Lisa Hughley

Spring brings many things to the Emerald Coast! It brings beautiful weather, spring break visitors and real estate buyers visiting to find their perfect piece of paradise. This past month the agents in my office have been showing and selling everything from residential lots to acreage, condos and single family homes.

It has been a very busy buying season so far!  This month I am focusing on a 30A Condo Update.  With a shortage of inventory on the market, the 30A Condo market is hot.

30A East – There are 114 Condos available on the East End.

39 are Gulf-Front

  • Lowest is $550,000. with 870 Sq Ft. at One Seagrove Place
  • Highest is $5,645,000. with 7293 Sq. Ft with 10 Bedrooms and 8 full Baths, 2 half Baths and consist of two condo units.

75 are Non-Gulf

  • Lowest is $164,000. with 325 Sq.Ft at Inn @ Seacrest Beach
  • Highest is $6,900,000. with 6972 Sq. Ft and 7 Bedrooms, 7 full baths and 1 half bath in Rosemary Beach and is a Pre-Sale, To Be Built.

26 Condos on the East end of 30A are Pending Sale, with 9 being Gulf-Front condos ranging from $399,900, with 1028 Sq.Ft and a 3 Bedroom and 2 bath, to $4,350,000 with 3953 Sq. Ft and a 5 Bedroom and 5 full bath + 1 half bath. 17 are non-Gulf with $138,000 being the lowest with 504 Sq. Ft and a Studio to $4,999,000. with 5863 Sq. Ft in Rosemary Beach and a 5 Bedroom, 5 full baths and 1 half bath.

There have been 163 Non-Gulf Front Condos Sold in the past year

  • Lowest is $124,000. with 292 Sq. Ft
  • Highest is $2,925,000. with 3831 Sq. Ft
  • Average Sold is $630,938. at 95% of List Price with 1190 Sq. Ft at $494.64 Per Sq. Ft and 168 Days on the market.

There have been 52 Gulf-Front Condos Sold in the past Year

  • Lowest is $390,000. with 670 Sq. Ft
  • Highest is $2,125,000. with 2631 Sq. Ft
  • Average Sold is $914,902. at 95% of list price with 1485 Sq. Ft, at $601.39 Per Sq. Ft and 221 Days on the Market

30A West

There are 37 Condos available on the West End

12 are Gulf-Front

  • Lowest is $399,000. with 570 Sq. Ft
  • Highest is $3,900,000. with 3185 Sq. Ft and a 4 Bedroom and 4 Bath.

25 are Non-Gulf

  • Lowest is 214,000. with 367 Sq. Ft and a Studio
  • Highest is $1,150,000. with 2085 Sq. Ft and a 3 Bedroom and 3 Bath

15 of the Condos on the West End of 30A are Pending Sale, ranging from $169,900 at the Inn at Gulf Place and 367 Sq. Ft to $2,525,000. with 4 Bedrooms and 4 Baths and 2824 Sq.Ft.

There have been 68 Non-Gulf Front Condos Sold in the past year.

  • Lowest is $196,000. with 476 Sq. Ft
  • Highest is $1,130,000. with 2959 Sq. Ft
  • Average Sold is $429,024. at 96% of List Price with 1437 Sq. Ft, at $306.30 per Sq. Ft and 146 Days on the Market.

There have been 24 Gulf-Front Condos Sold in the past year

  • Lowest is $429,000. with 756 Sq. Ft
  • Highest is $2,500,000. with 4363 Sq. Ft
  • Average Sold is $1,206,271. at 95% of List Price, 2280 Sq. Ft at $519.36 per Sq. Ft, and 156 Days on the Market.