30A Real Estate Stats - May of 2022

Posted by Clayton Bonjean on Wednesday, June 15th, 2022 at 8:53am.

Current Real Estate Statistics on Hwy 30A - May 2022

On a national level we are seeing an obvious real estate market shift. Some of the larger corporate brokerages are laying off employees and our social media feeds are full of articles regarding a real estate slowdown. So what does this mean for the Hwy 30A Real Estate Market? Let's not speculate and play guessing games, as all real estate markets are different and our local market cannot be solely judged by national numbers.

Below are some interesting statistics showing exactly where the 30A real estate market is today. We pulled numbers for vacant land, homes, condos, and townhouses. These numbers represent transactions in the 30A area South of Hwy 98.

30A Real Estate Statistics May 2022 vs. May 2021 (Residential and Vacant Land)

30A number of sold listings are down -37.5%
30a median sales price is up +45.2%
The median sales price on 30A was $990,000 in May of 2021 and was $1,437,500 in May of 2022.
The number of 30A new listings is down -15.3% in May of 2022.
The median list price on 30A was up +27.8% in May of 2022.

Below are some of my personal observations while working with both 30A Buyers and Sellers.

We are seeing fewer bidding wars.
Rising interest rates seem to be affecting demand.
We are still dealing with historically low inventory levels.
Many sellers are still reaching for unrealistic numbers, and their properties are not getting offers while properties that are priced near comparable value are still moving quickly.
Demand is still very high in our area but buyers are being more cautious.
In many cases, buyers can actually negotiate with the sellers on price and terms.

What I am seeing is a better environment for buyers, but 30A sellers are still able to sell their properties at record prices. Sellers should consult with a 30a real estate professional to make sure they market and price their properties correctly. I listed 2 properties in the last 2 weeks and both were under contract within 9 days of listing; we did not have multiple offers, but all we needed was one good offer. I attribute this success to good marketing and realistic pricing.

I feel more comfortable with the current market than I was 6 months ago. As a Broker-Owner that has been in the area for well over 20 years, I prefer a stable real estate market where buyers can have basic protections like an appraisal and a home inspection. In summary, prices are up, but the activity is slowing, and this is creating a more stable environment. Please do not hesitate to reach out to me if you have any questions. I would love to help you.

30A Real Estate Agent - Clayton Bonjean