2009 set a solid foundation for a slow market recovery for the South Walton Beach and Scenic 30-A areas. January 2010 was an excellent kick off to hopefully a year of solid recovery to our ailing Real Estate Market. Rental bookings, rental rates and buyer activity have been very promising so early in the year. Savvy buyers are getting excellent deals on premium properties. Look for a steady increase in sales volume throughout 2010 and watch as we should be tracking strong market numbers all year! Also take a look at the most expensive homes sold on 30-A for January.
The GoodNew inventory is down from January of last year by 26% Scenic 30-A pending sales are UP 75% for Combined Residential Scenic 30-A median sales prices are up 80% Single Family Residential Inventory on Hand along Emerald Cost is down 28% Rosemary Beach Luxury Home sales outperformed all other luxury markets with 5 homes selling over $1million in January. The Bad Residential Land is still struggling with only 50 lots sold out of 3,716 lots available Distressed property including short sales and foreclosures are up as expected Residential land prices are experiencing a significant downward price correction Pristine gulf front, waterfront, and luxury lots sold for a steal in January
Scenic 30-A & Emerald Coast Market Summary and Analysis for January 2010 pdf Version
