Live 30A September Market Snapshot

Posted by Jon Lyons on Friday, October 16th, 2020 at 7:24am.

30A Real Estate is Hot.

If you're a 30A lover like so many, and looking to purchase a home or some real estate here at the beach -- We'd love to help. Here's a breakdown of what's happening here in the market.

First of all -- Don't shy away from buying when you hear "The 30A Real Estate Market is Hot" - this is often the time when builders/developers/investors can get more creative with their budgets, and some of the most beautiful homes come on the market and trade hands. This generally also means you're doing well in a prospering economy. And... I know what you're thinking... is this like the 2005-2008 run we had a decade ago? Not a all. This time lending is much more tight - although "cheap", people are putting down much more cash, and in fact -- a large % of buyers are buying their properties with cash. 

30A real estate market is hot

 

OK -The 30A Real Estate Market is Hot. Here's The Numbers...

  • 30A properties that went under contract: 223  (+108% over September last year)

  • 30A Properties that closed "Sold": 223 (+106% over September last year)

  • Average 30A sales price so far in 2020: $1,267,000 (+20.3% over 2019)

  • Absorption Rate: 223 (59% lower than September Last year)

- The absorption rate in the real estate market is used to evaluate the rate at which available homes are sold in a specific market during a given time period. It is calculated by dividing the number of homes sold in the allotted time period by the total number of available homes
See the market report that Realtors use here
30A Real Estate for sale live 30A

Actively looking to buy? See our recent post: Five Things Every 30A Buyer Should Be Doing Now

 

Did you know? Every home purchase or sale with Live 30A Real Estate helps impact lives around the World. See more on our Greater Purpose page here. 

Live 30A Real Estate

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