While there are many great homes on 30A, WaterColor Real Estate is arguably the most highly sought after. Â Demand for lots, homes, and condos all remained strong in 2013. Â Natural beauty from coastal dune lakes, state forests, and the beaches of South Walton, surround WaterColor on all sides. Who wouldn't want to own a slice of this paradise.
WaterColor Homes
Homes sales in WaterColor increased for the third concecutive year. As expected, the average days on market for new listings decreased by 25%.  In other words, if you see something you like, dont wait. The higher priced luxury homes in WaterColor definitely made a comeback with the most expensive home selling for $4,550,000.
| Homes | 2011 | 2012 | 2013 |
| Number of Homes Sold | 78 | 96 | 113 |
| Highest Sales Price | $2,800,000 | $2,970,000 | $4,550,000 |
| Lowest Sales Price | $480,000 | $480,000 | $520,000 |
| Median Sales Price | $896,000 | $975,000 | $950,000 |
| Avg. $/sf | $330.04 | $391.13 | $392.29 |
| %Sales/List Price | Â 91% | Â 92% | Â 95% |
| Average Days on Market | 233 | 203 | 153 |
WaterColor Condos
WaterColor condo sales dropped off in 2013 with only 8 units changing hands.The lowest closed sales price was $510,000 which was signifcantly higher than the $350,000 unit that sold the previous year. Â The median sales price also increased to $627,625. I would expect condo sales to improve as home prices increase.
| Condos | 2011 | 2012 | 2013 |
| Number of Condos Sold | 10 | 14 | 8 |
| Highest Sales Price | $1,315,000 | $1,350,000 | $1,410,000 |
| Lowest Sales Price | $375,228 | $350,000 | $510,000 |
| Median Sales Price | $596,000 | $577,750 | $627,625 |
| Average $/sf | $371.69 | $400.3 | $476.21 |
| % Sales/List Price | Â 91% | Â 92% | Â 92% |
| Average Days on Market | 171 | 282 | 116 |
WaterColor Lots
For those that don't have immediate plans to retire, vacation, or move to the beach, a WaterColor lot might be perfect for you. Â Lots in WaterColor allow you to lock into ownership while waiting to build without worrying about future supply. Â You can expect to pay $350,000 or more for a nice lot.
| Lots | 2011 | 2012 | 2013 |
| Number of Lots Sold | 54 | 75 | 50 |
| Highest Sales Price | $835,000 | $1,400,000 | $1,300,000 |
| Lowest Sales Price | $75,000 | $107,000 | $140,000 |
| Median Sales Price | $270,000 | $350,000 | $377,500 |
| % Sales/List Price | Â 86% | Â 95% | Â 94% |
| Average Days on Market | 289 | 313 | 191 |
We would be happy to assist you with your WaterColor Real Estate needs, just give us a call.
Posted by Tim Shepard - Broker on
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