2024 Midyear Ultra Luxury Report | Compass 30A

2024 Mid-Year Ultra-Luxury Report

  • 08/6/24

 

The Kendall Hood Collection Quoted in the $10 Million-Plus National Luxury Report

We are thrilled to announce that the Kendall Hood Collection has been prominently quoted in the prestigious $10 Million-Plus National Luxury Report provided by the Compass Luxury Division. Our insights have highlighted key trends and market dynamics, showcasing the evolving landscape of ultra-luxury real estate along the Emerald Coast of 30A.

Market Trends and Insights

"Years from now, or perhaps as soon as next year, we'll envy those who acted boldly in 2024 to acquire legacy, luxury homes along the Emerald Coast of 30A. Eight savvy purchasers have made such a decision thus far in 2024, with our most recent sale being $28,500,000, the highest residential purchase ever recorded along our shores. With that said, inventory of $10 million-plus luxury homes has soared to over 35 on the market, more than ever in our history. I anxiously await observing the absorption rate of those residences in the headwinds of an election year, but I remain optimistic that the allure of the 'Hamptons of the South' will continue to entice the uber wealthy to call the sugar white sands of 30A their home sweet home."

Market Performance Over the Years

  • 2021:
    • Sales: 7
    • Total Sales Volume: $88.67M
  • 2022:
    • Sales: 17
    • Total Sales Volume: $244.5M
  • 2023:
    • Sales: 7
    • Total Sales Volume: $86.7M
  • 2024 (Mid-Year):
    • Sales: 8
    • Total Sales Volume: $120M

The Allure of 30A

Despite market challenges, the charm and exclusivity of 30A continue to attract the ultra-wealthy. Dubbed the "Hamptons of the South," this region's pristine sugar-white sands and luxurious lifestyle make it a coveted destination for high-end real estate buyers.

As we look forward to the future, the Kendall Hood Collection remains optimistic about the market's potential and is committed to helping clients find their dream homes along this beautiful stretch of the Gulf Coast. Stay tuned for more updates and insights on the luxury real estate market.

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FROM 30A WITH LOVE.

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