December 2020 30A Real Estate Update

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Lisa HughleyDear 30A Neighbors,

Happy Holidays! It will be a different celebration this year, with families and friends being Covid safe. Our saving grace is that we are lucky to have all of the outdoors to enjoy. It is easy to keep 6 ft apart at the beach! Obviously, the news has spread that the panhandle of Florida is a great place to be! We have buyers moving here from all over the U.S. The numbers tell the story.

This year, we have had 6 homes sell for over $10 Million. The highest sale is $16,100,000 in Miramar Beach. There were 2 sales at $15,950,000 and $15,100,000 in Paradise By the Sea, and a $14,000,000 sale in Seagrove. There was an $11,500,000 sale in Beach Highlands and a $10,000,000 sale in Alys Beach.

This year, there were 46 sales between $5,000,000 and $10,000,000. 16 of the sales were in Alys Beach. There are also 8 pending sales, 5 of which are in Alys Beach. In comparison, there were only 13 sales in 2019 between $5,000,000 and $10,000,000.

We had 222 sales ranging between $2,500,000 and $5,000,000. A few neighborhoods led the way in this category. Watercolor had 42 sales, Alys Beach had 39 sales and Watersound Beach had 32 sales, 16 sales were located in Rosemary Beach, and 10 sales in Inlet Beach. In comparison, there were only 103 in 2019.

This year, there were 608 sales between $1,000,000 and $2,500,000. In comparison, there were only 328 sales in 2019. There are also 151 properties pending sale currently. 91 of these sales were in Watercolor, 50 in Watersound Beach, 43 in Rosemary Beach, and 19 in Grayton Beach.

Let’s take a look at a few of the neighborhoods separately:

Rosemary Beach
Gulf Front – There are currently only 3 Active properties ranging from $3,250,000 to $10,200,000. The average property is $6,466,667 with 3503 sf, priced at $1845.87 per sf and 584 days on the market. There have been 4 sales ranging $4,300,000 to $4,900,000. The average property is $4,600,000, selling at 89% of the list price with 3236 sf, priced at $1434.89 per sf and 1667 days on the market.

Non-Gulf Front – There are currently 37 properties available ranging from $985,000 to $8,100,000 with the average property being $3,475,729 with 3236 sf, priced at an average of $1057.89 per sf and 313 days on the market. There are 8 pending sales ranging from $899,000 to $3,350,000 with the average property being $1,848,250 with 2393 sf, $843,18 per sf and 189 days on the market.

Seacrest Beach
There are 10 available properties ranging from $805,000 to $1,525,000 with the average property being $1,268,570 with 2513 sf, priced at $505.47 per sf and 57 days on the market. There are currently 12 pending properties ranging from $775,000 to $1,550,000 with the average property being $1,106,821 with 2568 sf, and 110 days on the market. There have been 85 sales ranging from $525,000 to $1,820,000 with the average property being $903,240, selling at 97% of list price with 2381 sf, selling at $384.88 per sf, and 151 days on the market.

Alys Beach
Gulf Front – There is currently 1 active property at $5,850,000. There are 4 properties pending sale ranging from $6,095,000 to $6,650,000 with the average being $6,386,250 with 2446 sf and $2,614.18 per sf. there has been 1 sale at $10,000,000 with 3631 sf, $2,754.06 per sf and 198 days on the market.

Non-Gulf Front- There are currently 8 active properties ranging from $2,825,000 to $6,395,000 with the average being $4,417,375 with 3413 sf, priced at $1365.65 per sf and 97 days on the market. There are currently 38 pending sales ranging from $1,265,530 to $5,885,000 with the average being $2,931,577 with 2798 sf, $1,077.41 per sf and 73 days on the market. There have been 69 sales ranging from $1,200,0000 to $6,200,000. with the average sale being $3,643,893 with 3222 sf, selling at 97% of list price at $1,128.25 per sf and 86 days on the market.

Seagrove
Gulf Front – There are currently 2 active properties: $995,500 with 1802 sf and $999,995 with 1802 sf. There have been 3 sales ranging $4,100,000 to $14,000,000!

Non-Gulf Front – There are currently 22 available properties ranging from $5,250,000. The average property is $2,526,809 with 3503 sf, priced at $726.20 per sf and 140 days on the market. There are currently 5 pending properties ranging from $1,225,000 to $3,150,000 with the average being $2,103,000 with 3616 sf and 114 days on the market. There have been 53 sales ranging from $230,000 to $5,800,000. The average property is $1,431,136 with 2485 sf, selling at 96% of list price, $565.70 per sf, and 121 days on the market.

Grayton Beach
Gulf Front – There have been 2 sales at $3,700,000 with 1683 sf, selling at 96% of list price at $943.24 per sf and 217 days on the market and $5,700,000 with 6043 sf, selling at 96% of list price and $2198.46 per sf and 316 days on the market.

Non-Gulf Front – There are currently 8 properties available ranging from $579,000 to $3,399,000 with the average property being $2,267,125 with 3036 sf, priced at $740.19 per sf and 224 days on the market. There are 6 pending sales ranging from $1,219,000 to $4,650,000 with the average being $2,299,333 with 3181 sf and $698.27 per sf, with 222 days on the market. There have been 24 sales ranging from $587,000 to $3,300,000 with the average being $1,681,267 with 2754 sf, selling at 93% of list price at $639.73 per sf and 302 days on the market.

Blue Mountain Beach – Gulf Front
There is currently 1 active property at $3,875,000 with 4267 sf and 383 days on the market. There has been 1 sale at $3,700,000 with 1967 sf and 80 days on the market.

Gulf Place, Single Family Homes (Bella Mar)
There are 2 pending properties ranging $799,900 with $1,125,000. The average property is $962,450 with 2608 sf, priced at $374.28 per sf and 136 days on the market. There have been 8 sales ranging $893,000 to $1,285,000 with the average being $1,103,500 with $340.18 per sf and 275 days on the market.

Gulf Place, Condominiums
There are currently 11 properties available ranging from $239,000 to $990,000. The average is $545,527 with 1000 sf and 382 days on the market. There are 24 pending properties ranging from $325,000 to $740,000 with the average being $551,500 with 1066 sf, $520.24 per sf, and 264 days on the market. There have been 16 sales ranging from $270,000 to $625,000 with the average being $365,688 with 719 sf and priced at $514.50 per sf with 87 days on the market.

If you have questions, or if I can help you with any of your real estate needs, please contact me.
​Lisa Hughley, Broker, Owner
Classic Luxury Real Estate FL
& GA
Classic Luxury Vacation Rentals
850-660-1962 Office
678-923-5152 Cell
All information regarding sales and availability is reliable but not guaranteed and gathered through the MLS system.