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While sales prices on 30A have risen as much as 35% year-to-date, the number of sales has dropped by as much as 28% year-to-date. It would appear our market has finally turned a corner, which in no way means disaster is waiting around that corner. We all recognized the housing frenzy brought on by the pandemic would eventually fade. And thanks, in part, to new lending regulations, our market and that of the nation are in far better health today than what precipitated the crash in 2008.

A few key factors impacting our market locally:

• Available inventory is still at record lows
• Prices continue to rise
• Mortgage rates surged from 3% to 6% within just a week

Several national headlines are reporting record-setting price reductions…

Ever heard the phrase absorption rate in real estate? Put simply, the absorption rate is a measure of supply and demand. By taking the number of properties sold in a month and dividing it by the number of properties for sale, we can gauge how long it might take to sell ALL available properties on the market.

Along Scenic 30A, the current estimate to sell all available properties is just 2.08 months compared to just 1.04 months this same time last year. Could this be a sign that sales are starting to slow down?

This week we looked at available inventory a bit differently for a fresh perspective on where our market is headed. We normally report on the number of new listings entering the market, but what about the other active listings, the ones…

You've probably seen several news articles and headlines predicting a price correction for most real estate markets across the country in the coming months. There are already reports of month-over-month waning sales in some parts of the country for 2022. But despite what national markets do, real estate is always local by nature. While we don't have a crystal ball to predict the future, we can tell you what we're seeing here along 30A and South Walton.

By this time last year, the number of homes sold on Scenic 30A was 635. This year - so far there have been 509 home sales representing a 19% decrease over 2021 year to date.  While this may make all the predictions appear true, we dug a little deeper to compare how inventory and sales…

Strong buyer demand in our South Walton real estate market continues to have a significant impact on the prevailing "Sellers’ Market".  These impacts include

• A continued lack of available properties to purchase.   
• A substantial overall market appreciation when compared with previous years.
• A significant increase in more buyers coming to the table with cash. 

Market Fact:  During the last three years roughly 40% of all sales in South Walton were cash transactions!

Is the time right for selling YOUR property right now?  The short answer is - maybe!  Just because we continue to remain in a "Seller's Market" along 30A and South Walton, those conditions don’t automatically translate to good timing for everyone’s situation.  There are…

In today’s blog post we take a look at the area’s easternmost community - Inlet Beach Florida. Considered the gateway to South Walton County and Scenic 30A, Inlet Beach encompasses a little more than 3.5 square miles. Bordered on the south by the gulf and beach, and on the north by Lake Powell, the largest Coastal Dune Lake in the Northern Hemisphere.  (Learn more here:  30A's Rare Coastal Dune Lakes.)

In the last few years, this formerly sleepy little area at the eastern entrance of Scenic 30A has experienced a surge of growth and popularity both commercially and in the development of new homes and businesses. There are now three main shopping and dining areas located within Inlet Beach 30Avenue, The Crossings at Inlet Beach, and Shops of Inlet…

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 units currently available for purchase!  

30A Condominium Profile

• 132 Condo complexes located along the 30A corridor between Dune Allen Beach and Inlet Beach
• 3,357 Total Available Units along 30A
• 2 High-Rise condominium buildings. Both located within Seagrove…

We're excited to unveil a brand new, beautiful edition of  IN • REVIEW Magazine with you!   This time IN • REVIEW's Local Features Section includes the Cultural Arts Alliance's upcoming MONARCH ART TRAIL unveiling on Friday, November 12th +  coverage on a new local brewery & taproom, Owner & Gardening Tips, 30A Fall Event's Calendar, and more.

As we've done in previous editions of IN • REVIEW, we break down 30A Market Trends from a unique and different perspective. Statistics that you'll discover include a 42% increase in the number of homes sold in  Seagrove Beach; Cash sales accounted for  58% of the homes sold in Blue Mountain Beach.  And one of the most interesting data points revealed a whopping 65% jump in the median price of  Seagrove…

We've been helping owners with their beach homes for over 28 years and know what works!  So, today, we're sharing a little of the "Secret Sauce" we use when assisting our clients in planning for a successful sale!   Let us know any questions or curiosities you may have about what it might take to get your beach home "SOLD" too!

SMART PRICING

A “smartly priced” home is key to garnering genuine buyer interest that ultimately leads to stronger offers.  So, take time to become well informed on current market values.  Get professional insights that include a custom detailed study of your home, its features, the local neighborhood, any amenities, and recent sales.   Our team can provide in-depth pricing studies at no cost, or obligation and assist you…

There are conversations buzzing in the air both nationally and for our area here in South Walton that perhaps the real estate markets may be experiencing a slight shift from the last year’s white-hot seller’s market.  As we transition into the fall season what are the market numbers telling us?  Are home prices changing?  Is there a change in inventory levels?  Is the market still strong as it was this time last year or is there a transition in process away from a sellers’ market?  In today’s post, we’re taking a look at these questions and do our best to sort out what sales and inventory numbers may be telling us

According to both Florida and Nationwide industry analysts, major market home prices and appreciation remain at levels not seen in over…

What areas/beach towns along 30A are experiencing the most activity and interest of buyers so far this year? If you live in or own property in Seagrove Beach, Blue Mountain Beach, or Watercolor then you’re in a very popular location indeed. So, like most property owners, in today's market, you are not only most likely enjoying a significant equity increase, but buyers are actively looking and buying in your Beach Towns the most right now!

Maintaining its #1 ranking as a 30A Favorite Beach Town is Seagrove Beach.  This little town was branded as "The Place Where Mother Nature Did Her Best" by founding developer CH McGee back in the 1920s. and 30s.   Today Seagrove begins on the eastern border of Seaside and extends just beyond the Eastern Lake…