Home Values Continue to Rise in Walton County as Scenic Highway 30A Becomes a National Scenic Byway
Scenic Highway 30A in Walton County has become an iconic highway, which has been gaining notariety over the last three decades. Quaint coastal towns such as historic Grayton Beach and new urbanist community of Seaside have helped pave the way for the road’s popularity. In 2006, the coastal highway grew its reputation when Highway 30A became recognized by the State of Florida as a scenic highway. Fifteen years later, the iconic road has earned another recognition after recently being named a National Scenic Byway. This designation places it among six other Florida roadways, including the famed A1A Scenic and Florida Keys Scenic Highway, which also claim this coveted title.
As Highway
30-A gains notoriety and recognition, the value of the homes and condominiums
along this corridor is also rising. According the Emerald Coast Association of
Realtors, the average sale price of a single family home in Walton County
increased an average of 34% over the last year (2019 vs. 2020). In fact in
December 2020, the average sale price of a single family home was $1.06 million
(up 37% over home sales in December 2019). Sales of condominiums in 2020 in Walton County
experienced a modest increase of 7.7% over 2019. The average sale price of a
Walton County / 30A condo was $549,197.
As the
beaches of South Walton and Scenic Highway 30A continue to gain visibility, it
is forecasted that home values will continue to rise. In addition, shrinking
inventory is also driving up prices. The volume of property listings decreased
an average of 25% in 2020 vs. 2019. With less inventory and more demand, our real
estate experts predict that 30A real estate listing prices will continue to
increase as well.
To learn more about real estate opportunities in Walton County along Scenic Highway 30A, visit DestinSales.com or call one of our experienced Real Estate Sales agents at 1-800-225-7652.
*The following reports provided by Emerald Coast Association of Realtors
Average Sale Price of Single Family Homes in Walton County in 2020
Average Sale Price of Condominiums in Walton County in 2020
Real Estate Inventory in Walton County, Florida in 2020
See you @ the
beach!
Wednesday, March 10, 2021