A 12 YEAR REVIEW OF HOME PRICE APPRECIATION ALONG SCENIC 30A
The 30A home market has become well over a billion dollar annual industry. Dollar sales volume reached over $1.2 billion for 2016, 7% over 2015.
Pricing trends along the 30A corridor have experienced an impressive 6-year uptick. Taking a closer look at the history of price trends from the peak of our market to today provides greater insight into our current position.
Average sales price of all Scenic 30A closed residences in 2016 was $932,000 up a strong 7% over 2015, and a notable 28% three year increase, yet still below 2006 – 2007. In looking back at the history of 30A’s yearly average sales prices, this is in fact the highest average sales price we have seen since 2007.
We expect the 30A market to remain healthy and in strong demand. While the future of the real estate market is certainly unpredictable, knowing where the market is today and where it has been provides an advantage in assessing our real estate opportunity.
The positive appreciation of the past six years is great news for all owners. Sellers have insight into their current opportunity and equity position, and the upward tick of prices is also encouraging news for Buyers in assessing what appreciation they can anticipate based on current trending.
We anticipate the 30A market pricing will continue to strengthen in the coming seasons.
New flight additions are being planned for the ECP Northwest Florida Beaches International Airport, giving opportunity for more to visit our coastal area. This, coupled with the current trends, gives us confidence that enthusiasm for our market will continue in 2017.
Take a turn through the pages for a glimpse at some of our coast’s finest offerings.
~Erin