30 A Real Estate Market Update – Patience and Gratitude

By Tad Hunter

Tadhunter

Days after Michael hit the Panama City and Mexico Beach area a friend who lived through Hurricane Irma on St. Thomas Island called to talk to me about what to expect.  “Today is Day 1. Everyday for the next 6 months will be Day 1 all over again. Everyone will tell you that things will take 6 months to a year to get back to normal. It will take 5 years.” The initial phase of emergency response will last for several months and then there is a transition to recovery. In this case the recovery isn’t about reopening stores, its about rebuilding. The transition from response to rebuild is the most difficult as everyone comes to grips with the reality of the time involved. There will be stress. Every property manager that I know is helping to house displaced families. Those of us in Panama City Beach, Santa Rosa Beach, and Miramar Beach, have to remember that the appearance of normalcy for many is only a veneer. Talk to co-workers, cashiers, waitresses and you will hear stories of trees falling through roofs and crushing cars, and family members with no homes to return to.  As people who were unaffected by the hurricane continue to vacation here they will quickly forget that some of the people helping them are under enormous strain. I encourage both vacationers and full time residents to remember that patience and kindness are needed. Drive a little slower and don’t worry if your Ranch dressing took a little longer to get than you like. Keep your eye on the big picture and live with gratitude.

West End of 30A

Single Family Detached Properties, Gulf Front: There are currently 14 active properties with the low being $2,250,000 and the high being $5,995,000. There are two pending properties at $1,875,000 and $4,850,000. There have been 14 sold in the past year with the low being $1,600,000 and the high being $6,056,250. The average sale was $3,299,406 selling at 95% of list price, at an average of 3474 sq.ft and at $1,025.10 per sq.ft. and 203 days on the market.

Single Family Detached Properties, Non-Gulf Front: There are currently 186 properties available with the low of $230,000 and the high at $5,200,000. There are 43 properties pending sale with the low at $289,900 and the high at $7,500,000. There were 300 properties sold this past year with the low being $157,000. and the high being $10,100,000. The average sale was $809,115, selling at 97% of list price, with 2397 sq.ft. and $315.17 per sq.ft and 129 days on the market.

East End of 30A

Single Family Detached Properties, Gulf Front: There are currently 28 active properties, with the low being $2,597,000 and the high being $19,000,000. There are 3 pending properties with the low being $2,390,000 and the high being $5,895,000. There have been 25 properties sold this past year with the low being $1,400,000 and the high being $10,750,000. The average sale was $4,754,940 and sold at an average of 93% of list price, with 3905 sq.ft and at $1,423.32 per sq.ft and 248 days on the market.

Single Family Detached Properties, Non-Gulf Front: There are currently 426 properties available with the low at $344,900 and the high being $8,900,000.There are 126 pending properties with the low being $333,000 and the high being $6,995,000. There have been 650 properties sold this past year with the low being $250,000 and the high being $7,000,000. The average sale was $1,193,127 ,selling at an average of 96% of list price with 2635 sq.ft and at $428.03 per sq.ft and 172 days on the market.

The post 30 A Real Estate Market Update – Patience and Gratitude appeared first on South Walton Life | 30A News, Events and Community Information.

Please follow and like us:

South Walton Life | 30A News, Events and Community Information South Walton Life | 30A News, Events and Community Information READ MORE

Be the first to comment on "30 A Real Estate Market Update – Patience and Gratitude"

Leave a comment

RSS
Follow by Email
Facebook
Google+
http://30a.news/2018/11/07/30-a-real-estate-market-update-patience-and-gratitude">
Twitter
Instagram