by Jamie Conley
on Tuesday, November 30th, 2021 at 3:09pm.
It’s safe to say that as 2021 draws to a close, the 30A real estate market has been one for the record books. But more specifically, how do the numbers look for our current condominium market?
In today’s post, we have some surprising data that gives a very good perspective. We'll start first by giving a broad overview of our condominium market here at the beach. Most notable of all the numbers we looked at was that out of approximately 3,350+ condo units along 30A, there are only 57 unitscurrently available for purchase!
Beach Crest – 12 story, gulf front complex offering a total of 70 units.
One Seagrove Place – 21 story, gulf front complex offering a total of 130 units
The current Walton County building code prevents further development of buildings along 30A any taller than four stories or 50'.
Pricing for units presently on the market ranges from $399,900 for a 2 BR/ 2 BA in Seagrove Beach up to $6.5M for a luxury unit in downtown Seaside.
The median offering price for 30A Condo units is currently $944,325.
Year-to-date there have been 543 units sales representing an VS 418 units in 2020 and 215 units in 2019
The number of sales for 30A condos jumped in 2020 by 94.4% over 2019. So far this year, sales of units are up by 30% over last year.
We believe that the combination of extremely low availability and high demand may very well play a big factor in the continued upward movement of pricing for units in our area. If you're thinking of purchasing or selling a condominium here at the beach we can help guide you based on your personal real estate goals! So, reach today, and let's talk!