34996 Coastal Real Estate Market Snapshot – June 9th, 2025

Snapshot (Single-Family Homes):

• Median List Price: $2,900,000

• New Listings Median Price: $1,200,000

• Price/Sq Ft: $805

• Inventory: 73 homes

• Market Action Index (MAI): 26 (↑ from 25 last month)

• Days on Market: Avg 201 | Median 126

• Price Reductions: 29% of listings

• Relisted Homes: 8%

• Price Increases: 0%

• Median Rent (Estimate): $3,500/mo

Tom's Take: Balance Meets Opportunity

Coastal Stuart's luxury market is experiencing a fascinating moment: it’s a buyer-favored environment in a seller-dominant price tier. With a median list price nearing $3M, sellers must be sharp on pricing—and buyers have more room to negotiate.

The Market Action Index inching up to 26 hints at some demand stirring beneath the surface, but the long average days on market (201!) signal that patience is a virtue for buyers, and flexibility is a must for sellers.

Market Segment Highlights

Ultra-Luxury Tier ($10.5M avg)

• Mansion estates, ~7,500 sq ft, 5+ beds

• Sitting ~182 days on market

• Zero new listings absorbed recently

Luxury Mid-Tier ($5.2M avg)

• 4,700+ sq ft, sizable lots

• One new listing and one sale

• Still a slower burn with 147 DOM

Upper-Mid Tier ($1.77M avg)

• 3,100 sq ft, 4 beds

• Active yet cooler—no absorption noted recently

Entry Tier ($762K avg)

• 1,800 sq ft, older homes, 3 beds

• Most fluid: 3 new listings, 1 absorbed

• Fastest turnover: 35 DOM

Key Takeaways;

For Sellers

• Set your price to win attention. Nearly 30% of listings have seen price cuts—overpricing is costing valuable time.

• Relisting is rising, which suggests sellers are adjusting strategy. Go strong out of the gate with competitive staging and a savvy agent (like Tom Power).

For Buyers

• Inventory is stable, giving you more choices and leverage—especially in upper tiers.

• Time is on your side, but act fast on well-priced properties in the entry-to-upper-mid brackets.

• The market isn’t overrun with competition—make your move before momentum shifts again.