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 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 firstname.lastname@example.org. Or, stop by Coastal Luxury, located directly on 30A, the first office east of Alys Beach.