September 2019 30A Real Estate Update

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By Lisa Hughley

Lisa Hughley Realtor Head ShotWith school back in session, I have found that the fall season is a fabulous time for buyers to come back and actually purchase. First and foremost, it is easier to view property in the fall. There are many properties with back to back guests over the summer months that are hard to get into. Fall is a great time for buyers to actually come back and view those properties that are very hard to get into otherwise. I love snowbirds, but try negotiating with them to allow a showing…

We are coming upon an election year, and with that, all of the discussion of what could happen in the real estate market. Let me give you a true picture of what our local real estate market is doing right now. For this article, I have focused on Detached Single Family Homes.

Rosemary Beach, Gulf Front
There are 4 active properties ranging $3,250,000 to $10,000,000. The average listing is $6,299,000. There has been one property sold at $4,575,000 at 93% of list price with 3222 sf, $1419.93 per sf, and 540 days on the market.

Rosemary Beach, Non-Gulf Front
There are 40 active properties ranging $1,799,000 to $8,780,000. The average property is $3,195,622 with 3440 sf and priced at an average of $933.11 per sf and 258 days on the market. There are 5 pending sales ranging $1,599,000 to $2,545,000 with the average being $2,168,000 with 3,082 sf, and $724.61 per sf and 25 days on the market. There have been 32 sales ranging $850,000 to $8,200,000 with the average sale being $2,403,594 at 94% of list price and 2932 sf, at an average of $792.18 per sf, and 170 days on the market.

Inlet Beach, Gulf Front
There are 5 active properties ranging $2,750,000 to $5,400,000 with the average being $4,209,800 with 2596 sf and $1749.84 per sf and 256 days on the market. There have been 3 sales ranging from $5,000,000 to $5,200,000 with the average sale being $5,133,333 at 95% of list price and 3917 sf, at $1310.698 per sf and 760 days on the market.

Alys Beach, Gulf Front
There is one active property listed at $11,500,000 with 3631 sf, and 11 days on the market.

Alys Beach, Non-Gulf Front
There are 14 active properties ranging from $2,385,000 to $6,595,000. The average listing is $4,371,624 with 3516 sf at $1227.76 per sf and 261 days on the market. There are 7 pending properties ranging $2,375,000 to $5,259,000 with the average being $3,792,736, 3370 sf, at $1,119.68 per sf and 130 days on the market. There have been 19 sales ranging from $1,662,500 to $4,339,081. The average sale is $3,029,605 at 97% of list price with 3283 sf and at $935.05 per sf, and 140 days on the market.

Watersound Beach, Gulf Front
There are currently 2 active properties at $5,695,000 with 4433 sf and $6,499,000 with 5738 sf and an average of 115 days on the market. There has been 1 sale at $5,200,000 at 90% of list price, with 5000 sf at $1,040.per sf and 218 days on the market.

Watersound Beach, Non-Gulf Front
There are currently 38 active properties ranging from $960,000 to $4,999,000. The average listing is $2,786,724 with 3826 sf at $716.96 per sf and 266 days on the market. There have been 31 sales ranging from $797,000 to $4,625,000 with the average sale being $2,672,968 at 95% of list price, with 3743 sf at $700.99 per sf and 186 days on the market.

Watersound West, Non-Gulf Front
There are 8 active properties ranging from $893,338 to $1,699,000. The average listing is $1,315,667 with 2824 sf, at 464.31 per sf and 54 days on the market. There is one pending property at $875,000 with 2116 sf at $413.52 per sf and 4 days on the market. There have been 19 sales ranging $694,000 to $1,500,000 with the average sale being $1,068,426 at 97% of list price, with 2574 sf at $411.35 per sf, and 118 days on the market.

Seagrove, Gulf Front
There is one active property listed at $7,950,000 with 4276 sf, at $1859.21 per sf and 202 days on the market. There is one pending property at $8,995,000 with 4446 sf at $2023.70 per sf and 37 days on the market. There has been one sale at $5,500,000 at 93% of list price with 3546 sf, at $1551.01 per sf, and 42 days on the market.

Seagrove, Non-Gulf Front
There are 20 active properties ranging $672,500 to $8,900,000. There have been 22 sales ranging $545,000 to $4,450,000 with the average sale being $1,980,200 at 95% of list price with 3460 sf at $569.72 per sf and 264 days on the market.

Seaside, Gulf Front
There are 2 active properties at $4,850,000 and $5,650,000. The average being $5,250,000 with 2726 sf, at $1925.76 per sf and 554 days on the market. There is one pending sale at $4,475,000 with 2952 sf, $1515.92 per sf and 1200 days on the market. There have been 3 sales ranging from $3,750,000 to $6,800,000. The average sale being $4,816,667 at 96% of list price and 2573 sf at $1862.52 per sf and 56 days on the market.

Seaside, Non-Gulf Front
There are currently 11 active properties ranging $857,000 to $4,895,000. The average listing is $2,447,682 with 2919 sf $866.68 per sf and 208 days on the market. There is one pending property at $1,925,000 with 1277 sf, at $1507,44 per sf and 36 days on the market. There have been 20 sales ranging $1,050,000 to $3,475,000 with the average sale being $1,735,725 at 94% of list price and 2059 sf, at $857.18 per sf and 90 days on the market.

West End 30A Gulf Front
There are 5 active properties ranging $2,098,000 to $7,195,000. The average listing is $3,637,400 with 3209 sf at $1255.54 per sf and 363 days on the market. There has been one sale at $3,750,000 at 80% of list price with 4339 sf, $864.25 per sf and 573 days on the market.

West End 30A, Non-Gulf Front
There are 13 active properties ranging $410,000 to $5,200,000. The average listing is $1,702,985 with 3170 sf and $515.13 per sf, and 395 days on the market. There is one pending property at $5,500,000 with 4331 sf. $1269.91 per sf and 1129 days on the market.

East End 30A, Gulf Front
There are 6 active properties ranging $3,799,900 to $6,995,000. The average listing is $5,206,317 with 3754 sf, $1548 per sf and 389 days on the market. There is one pending property at $8,995,000 with 4446 sf, $2023.17 per sf and 37 days on the market. There have been 3 sales ranging $3,750,000 to $6,800,000. The average sale is $4,816,667 at 96% of list price and 2573 sf, $1862.52 per sf and 56 days on the market.

East End 30A, Non-Gulf Front
There are 8 active properties ranging $899,000 to $4,795,000. The average listing is $2,495,000 with 4104 sf, $589.65 per sf and 180 days on the market. There is one pending property at $4,950,000 with 6770 sf, $731,17 per sf and 0 days on the market. There have been 5 sales ranging from $1,075,000 to $3,249,000. The average sale is $2,399,800 at 93% of list price with 3102 sf, $925.37 per sf and 204 days on the market.

Disclaimer: All information is reliable but not guaranteed. All Info gathered from the Flexmls.