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30A Home Price Trends

A FOURTEEN-YEAR REVIEW OF HOME PRICE TRENDS

In 2015, the 30A corridor home and condo real estate market became a billion dollar industry. Since then, the industry has grown 30% with dollar sales volume reaching almost $1.5 billion in 2017; this was 21% over the 2016 year. Factors that propelled the 2017 increase include:

• Number of transactions – up 11%

• Average home sales price at
$1 million – up 9%

2017’s average dollar per square foot of sold homes was $415, almost a 20% increase over the last 3 years.

Plans for the 2018 summer include adding Denver as a non-stop flight location to Northwest Florida Beaches International Airport (ECP). This city joins others like Austin, Baltimore/Washington, Chicago, and St. Louis with summer non-stop flights. The sustained interest in our area is certainly increasing accessibility. We anticipate this will continue fueling our 30A corridor real estate market.
-Erin

Erin Oden is the principal broker and owner of Coastal Luxury, a real estate firm that maintains a strong emphasis on intimate market knowledge and expertise in the luxury and Gulf-front market. Erin can be reached at 850.502.1220 or erin@coastalluxury.com. Or, stop by Coastal Luxury, located directly on 30A, the first office east of Alys Beach.

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