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30A Real EstateNews
Florida Gulf Coast Real Estate Market Report 2023
Snapshot: Gulf Coast real estate market in 2023.
Delve into Berkshire Hathaway HomeServices Beach Properties of Florida’s latest Annual Market Report for an in-depth look at the real estate markets in 30A, South Walton, and Emerald Coast to gain insights into the market’s evolution and understand how the surge in demand is impacting property sales. Ideal for both prospective homeowners and current residents curious about their property’s value, this resource provides extensive data on the local real estate market. Make the best decisions with our comprehensive insights and guidance at every stage.
In 2023, 920 properties were sold in the 30A area totaling $2,145,311,527 worth of transactions. Although the sales volume is down by 26% compared to the previous year, the average price sold went up by 1%. Furthermore, the average sold price per square foot also went up by 4% ($798 in 2023 compared to $766 in 2022).
Among the local beach communities, Watersound Beach and Rosemary Beach witnessed a 19% and 12% increase in average sold price per square feet over 2022.
Single-family homes in WaterSound Origins saw a 14% uptick in total sales with 169 homes and a 27% increase in total volumes sold in 2023.
The community of Seaside witnessed stable growth with a 21% increase in both sold volume and average sold price compared to the previous year. WaterColor sales, on the other hand, dipped by 21% even though the average sold price per square foot went up by 2%,
Click here for a detailed analysis of the real estate market along Florida’s Gulf Coast, covering areas like Destin, Sandestin, Miramar Beach, FortWalton, and Navarre. This report is an ideal tool for those searching for their dream home, offering extensive, up-to-date data on the local property market at no cost.
