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Current Real Estate Statistics on Hwy 30A - June 2022

There seems to be a shift in the 30A Real Estate market.   The number of sales has been down year over year for the last 6 months.  Prices are still increasing but at a steadier pace. June was the lowest year over year median sales price increase at 6.7% year to date.  The key takeaway is that the median sales price is up 6.7% year over year, but the median list price is up a whopping 45.4% year over year.  In my opinion, this explains the many price reductions on 30A.

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

As a 30A real estate brokerage, we enjoy working with 1031 exchange buyers and sellers.  We have successfully helped many of our customers complete successful 1031 exchange transactions, and we have a great system.  Below are some tips and facts about 1031 "like kind" exchanges for properties on the Emerald Coast of Florida.

• Please consult with an attorney and/or tax expert to make sure a 1031 is the best strategy for you and your specific situation.  The amount of profit from the sale, depreciation, and other items will dictate whether or not the expense of a 1031 is worth the benefit.
• You must hire a 1031 intermediary to hold the funds from the initial property sale.  You can never have access to the 1031 proceeds.  Your title company or…