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30A FLORIDA LUXURY HOMES UPDATE - January 2016

Posted by Tim Shepard - Broker on Thursday, March 3rd, 2016 at 8:25am.

the bestWaterColor Real Estate Remains the Luxury Front Runner

Luxury homes along Florida's Scenic 30A Highway are among some of the most exclusive in the State. Peppered with several beachfront communities, WaterColor real estate continues to maintain its elite status with 7 homes closing and another 7 going under contract. Buyers in WaterColor tend to favor the world class amenities, exquisite attention to detail, and proximity to fine restaurants and boutique shopping. The Beach Club, sitting atop of 30A’s famous bluffs, is absolutely amazing. Secure your membership by purchasing one of the many fine WaterColor homes for sale today.


Most Expensive 30A Homes Sold in January 2016

WaterSound - 126 Compass Point Way : $2,855,000

Rosemary Beach - 102 Round Road : $2,500,000

Alys Beach - 223 N Somerset : $1,800,000

WaterColor - 330 Spartina : $1,117,500


30A Sold Homes - January 2016

 

January 2015

January 2016

% Change

WaterColor

6

7

16.67%

Rosemary Beach

1

3

200.00%

Alys Beach

1

1

0.00%

Seaside

0

0

NA

WaterSound

10

4

-60.00%

Seacrest

4

3

-25.00%

30A West

4

4

0.00%

Totals

26

22

-15.38%


WaterSound With Most Homes Pending

The number of homes pended provides insight into future closings. The six luxury neighborhoods along 30A including WaterColor, Rosemary Beach, WaterSound, Alys Beach, Seaside and Seacrest, demonstrated strength and posted similar numbers to last year. WaterSound real estate led the pack with 9 homes contracting.

30A Pended Homes - January 2016

 

January 2015

January 2016

% Change

WaterColor

6

7

16.67%

Rosemary Beach

5

4

-20.00%

Alys Beach

1

2

100.00%

Seaside

1

1

0.00%

WaterSound

10

9

-10.00%

Seacrest

6

4

-33.33%

30A West

5

4

-20.00%

Totals

34

31

-8.82%


Rosemary Beach Highest Average Prices

Homes in Rosemary Beach posted impressive Average and Median Prices approaching $2M. I expect activity along the western end of 30A, which include houses in Grayton Beach and Blue Mountain, to increase since the average and median prices are below $400,000.

30A Average and Median Prices - January 2016

 

Jan 2015 Av. Price

Jan 2016 Av Price

% Change

Jan 2015 Median Price

Jan 2016 Median Price

% Change

WaterColor

$1,502,500

$965,214

-35.76%

$1,165,000

$1,020,000

-12.45%

Rosemary Beach

$5,900,000

$1,946,667

-67.01%

$5,900,000

$2,070,000

-64.92%

Alys Beach

$2,086,689

$1,800,000

-13.74%

$2,086,689

$1,800,000

-13.74%

Seaside

NA

NA

NA

NA

NA

NA

WaterSound

$754,438

$1,664,850

120.67%

$584,575

$1,665,875

+184.97%

Seacrest

$717,175

$670,000

-6.58%

$736,850

$730,000

-0.93%

30A West

$379,025

$655,375

72.91%

$345,000

$281,250

-18.48%


Summary

Home prices on the Scenic 30A continue to trend upward. If you are looking to purchase this year, prices may be lower now than later.



Listing Updates

 

Logo for Destin Real Estate, LLC

Tim Shepard, Broker/Owner
Destin Real Estate, LLC
Cell: (850) 259-4133
Toll Free: (866) 678-SOLD

https://www.browsedestin.com

 

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