TRENDS
TODAY’S REAL ESTATE ALONG FLORIDA’S EAST COAST
MARKET REPORT MAY 2023 FEATURED PROPERTY: 98 LA GORCE CIRCLE, MIAMI BEACH
CONTENTS 04 10 14 06 11 15 08 12 16 17 18 Miami-Dade County Martin County St. Johns County Broward County Indian River County Duval County Palm Beach County Brevard County Clay County Nassau County Flagler County
This collection of eight unique homes embraces the charming residential character of Surfside while recognizing the essentials of modern living. No two homes are identical, and a choice of three-, four- or five-bedrooms – plus a variety of bespoke options – cater to discerning tastes and the cultivated lifestyles of those who will call it home. A COLLECTION OF PRIVATE BEACH HOMES DESIGNED BY RENE GONZALEZ ARCHITECTS A NEW STANDARD OF URBAN BEACH LIVING NOW ACCEPTING CONTRACTS Residences Priced From $5.7M SCHEDULE A PRIVATE PREVIEW surfrowresidences.com | surfrow@onesothebysrealty.com | (786)-288-0874 @SURFROWRESIDENCES FOLLOW US This offering is made only by the prospectus for the condominium and no statement should be relied upon if not made in the prospectus. Prices, plans and specifications are subject to change without notice. ORAL REPRESENTATIONS CANNOT BE RELIED UPON AS CORRECTLY STATING THE REPRESENTATIONS OF THE DEVELOPER. FOR CORRECT REPRESENTATIONS, MAKE REFERENCE TO THIS BROCHURE AND TO THE DOCUMENTS REQUIRED BY SECTION 718.503, FLORIDA STATUTES, TO BE FURNISHED BY A DEVELOPER TO A BUYER OR LESSEE.’
Sales Gallery Now Open | Priced from $3.85M 2406 SE 17th Street, Fort Lauderdale, FL 33316 (754) 231-3066 Residences@PierSixtySix.com PierSixtySixResidences.com Own the Waterfront Now Accepting Contracts A curated collection of 92 residences overlooking Fort Lauderdale’s legendary marina and Intracoastal waterways Obtain the Property Report required by Federal Law and read it before signing anything. No Federal or State agency has endorsed or judged the merits of value, if any, of this property. This is not an offer to sell or solicitation to buy real estate in any jurisdiction where prohibited by law. Products and availability are subject to change without notice. Improvements, facilities and programs may be in formative stages and cannot be guaranteed. Artist renderings are for illustrative purposes only and may differ from completed products.
MIAMI-DADE COUNTY
SINGLE-FAMILY HOMES | INVENTORY AND PRICES RISE
Compared to one year ago, the average time on market increased by 50%, while the median price was 4% higher than last year following gains in April
Neighborhood Snapshots
*ALL PERCENTAGES REFLECT YEAR OVER YEAR CHANGE. 600K 57
975 353 MEDIAN
ACTIVE
MEDIAN PPSF ↑ 4% ↑ 50% ↑ 6% ↓ 18% ↑ 42%
3,069
SALES PRICE AVERAGE DAYS ON MARKET
LISTINGS SOLD LISTINGS
MEDIAN SALES PRICE MEDIAN PRICE PER SF CLOSED SALES AVERAGE DAYS ON MARKET APR 23 APR 22 YOY% CHANGE APR 23 YOY% CHANGE APR 23 YOY% CHANGE APR 23 AVENTURA $1,250,000 $3,400,000 -63% $502 6% 3 0% 30 BAY HARBOR ISLANDS $5,250,000 $6,952,000 -24% $1,139 -36% 1 0% 112 COCONUT GROVE $2,100,000 $1,848,000 14% $632 -45% 3 50% 151 CORAL GABLES $1,825,000 $1,930,000 -5% $790 4% 41 2% 75 KEY BISCAYNE $3,612,500 $2,430,000 49% $1,025 -18% 4 -20% 71 MIAMI $600,000 $575,000 4% $347 3% 413 -23% 53 MIAMI BEACH $3,575,000 $3,362,500 6% $1,116 0% 12 -50% 141 MIAMI SHORES $900,000 $1,275,000 -29% $560 -15% 21 31% 53 NORTH BAY VILLAGE $1,187,500 $3,770,000 -69% $672 -48% 2 0% 123 PINECREST $3,037,500 $2,400,000 27% $743 15% 16 -30% 71 SOUTH MIAMI $883,500 $1,315,000 -33% $535 3% 8 60% 75 SUNNY ISLES BEACH $1,390,000 N/A N/A $993 N/A 1 N/A 146 SURFSIDE $1,300,000 $1,500,000 -13% $834 -15% 3 -73% 120
$ $
MIAMI-DADE COUNTY
CONDOMINIUMS | MEDIAN PRICING STRENGTHENS
The median price increased by 3% in April compared to March and reached roughly 4% higher than one year ago. The median price per square foot was the highest in the region.
Neighborhood Snapshots
*ALL PERCENTAGES REFLECT YEAR OVER YEAR CHANGE. 415K
MEDIAN
DAYS
MARKET ACTIVE
SOLD
MEDIAN PPSF ↑ 4% ↑ 2 % ↓ 1% ↓ 44% ↑ 43%
73 6,268 1,157 382
SALES PRICE AVERAGE
ON
LISTINGS
LISTINGS
MEDIAN SALES PRICE MEDIAN PRICE PER SF CLOSED SALES AVERAGE DAYS ON MARKET APR 23 APR 22 YOY% CHANGE APR 23 YOY% CHANGE APR 23 YOY% CHANGE APR 23 AVENTURA $480,000 $483,500 -1% $380 5% 92 -50% 87 BAL HARBOUR $1,917,500 $1,225,000 57% $871 0% 8 -67% 111 BAY HARBOR ISLANDS $827,500 $775,500 7% $524 -10% 6 -75% 108 BRICKELL/DOWNTOWN MIAMI/EDGEWATER $642,500 $640,000 0% $611 3% 130 -50% 94 COCONUT GROVE $1,812,500 $985,000 84% $995 79% 4 0% 115 CORAL GABLES $547,500 $560,000 -2% $527 15% 15 -61% 51 KEY BISCAYNE $1,545,968 $1,310,000 18% $814 2% 18 -22% 111 MIAMI $379,000 $315,000 20% $311 6% 343 -36% 60 MIAMI BEACH $426,500 $435,000 -2% $528 2% 162 -54% 99 NORTH BAY VILLAGE $370,000 $295,000 25% $344 8% 9 -72% 58 PINECREST $919,000 $305,000 201% $457 48% 2 -50% 16 SOUTH MIAMI $533,500 $235,250 127% $382 19% 4 -33% 4 SUNNY ISLES BEACH $660,000 $790,000 -16% $591 2% 68 -53% 103 SURFSIDE $362,500 $856,000 -58% $489 -21% 6 50% 92
$ $
BROWARD COUNTY
SINGLE-FAMILY HOMES | MEDIAN SALES PRICE IMPROVES
Though transaction volume was 27% lower than one year ago, April was the second consecutive month of sales greater than 1,000 homes. Compared with last year, active listings have increased but the number of homes for sale decreased from March.
Neighborhood Snapshots
*ALL PERCENTAGES REFLECT YEAR OVER YEAR CHANGE. 575K 52 2,567 1,032 325 MEDIAN SALES PRICE AVERAGE DAYS ON MARKET ACTIVE LISTINGS SOLD LISTINGS MEDIAN PPSF ↑ 3% ↑ 99% ↑ 2% ↓ 27% ↑ 68%
MEDIAN SALES PRICE MEDIAN PRICE PER SF CLOSED SALES AVERAGE DAYS ON MARKET APR 23 APR 22 YOY% CHANGE APR 23 YOY% CHANGE APR 23 YOY% CHANGE APR 23 COOPER CITY $660,000 $650,000 2% $330 -6% 23 10% 44 CORAL SPRINGS $650,000 $675,000 -4% $294 -2% 79 -31% 59 DAVIE $790,000 $810,000 -2% $364 4% 41 -37% 42 DEERFIELD BEACH $525,000 $473,500 11% $321 9% 33 -18% 53 FORT LAUDERDALE $599,000 $600,000 0% $423 5% 121 -37% 67 HALLANDALE $510,000 $415,000 23% $387 24% 3 -75% 91 HOLLYWOOD $525,000 $460,000 14% $365 6% 93 -24% 66 LAUDERDALE-BY-THE-SEA $810,000 $1,425,000 -43% $550 -17% 1 -83% 67 LIGHTHOUSE POINT $950,000 $1,107,500 -14% $512 -10% 11 -39% 108 MIRAMAR $540,000 $510,000 6% $291 0% 63 -19% 42 PARKLAND $1,070,000 $1,045,000 2% $346 -3% 51 -6% 54 PEMBROKE PINES $595,000 $600,000 -1% $314 1% 75 -12% 52 PLANTATION $658,250 $660,250 0% $307 0% 58 -12% 42 POMPANO BEACH $410,000 $536,250 -24% $329 -9% 53 -34% 53 SOUTHWEST RANCHES $1,645,000 $1,505,000 9% $417 -32% 7 -13% 38 SUNRISE $506,500 $463,500 9% $301 1% 40 -26% 37 WESTON $900,000 $836,000 8% $364 1% 51 -27% 63 WILTON MANORS $835,044 $810,000 3% $526 4% 13 -35% 59
$ $
CONDOMINIUMS | SELLER CONFIDENCE GROWING
Despite greater supply of condos listed for sale compared to last year, the median list price increased for the third-consecutive month.
Neighborhood Snapshots
*ALL PERCENTAGES REFLECT YEAR OVER YEAR CHANGE. 270K 49 4,159 1,240 243 MEDIAN SALES PRICE AVERAGE DAYS ON MARKET ACTIVE LISTINGS SOLD LISTINGS MEDIAN PPSF ↑ 13% ↑ 14 % ↑ 11% ↓ 34% ↑ 102%
BROWARD COUNTY
MEDIAN SALES PRICE MEDIAN PRICE PER SF CLOSED SALES AVERAGE DAYS ON MARKET APR 23 APR 22 YOY% CHANGE APR 23 YOY% CHANGE APR 23 YOY% CHANGE APR 23 COOPER CITY $448,500 $365,000 23% $299 4% 4 -56% 21 CORAL SPRINGS $250,000 $223,750 12% $217 4% 33 -47% 48 DAVIE $325,000 $274,950 18% $237 15% 27 -46% 27 DEERFIELD BEACH $195,000 $135,000 44% $208 26% 103 -21% 42 FORT LAUDERDALE $497,500 $425,000 17% $402 8% 170 -38% 59 HALLANDALE $275,000 $280,000 -2% $272 1% 92 -44% 68 HILLSBORO BEACH $457,500 $692,500 -34% $415 -23% 8 -33% 85 HOLLYWOOD $360,000 $345,000 4% $314 -1% 77 -51% 85 LAUDERDALE-BY-THE-SEA $735,000 $617,500 19% $550 37% 15 -32% 57 LIGHTHOUSE POINT $220,000 $145,000 52% $199 37% 9 -32% 49 MIRAMAR $360,000 $300,000 20% $283 14% 23 -12% 35 PARKLAND $582,000 $637,000 -9% $320 -9% 4 0% 8 PEMBROKE PINES $238,000 $228,000 4% $224 14% 102 -16% 45 PLANTATION $307,912 $230,000 34% $243 27% 39 -17% 24 POMPANO BEACH $305,000 $295,000 3% $259 5% 119 -28% 42 SUNRISE $201,250 $164,900 22% $177 9% 66 -36% 56 WESTON $387,500 $350,000 11% $298 11% 11 -31% 48 WILTON MANORS $335,000 $322,500 4% $323 5% 17 -6% 24
$ $
PALM BEACH COUNTY
SINGLE-FAMILY HOMES | TRANSACTIONS SLOW IN APRIL
Single-family home sales decreased by 14% from last month and were 15% lower than last year. More higher-priced homes sold in April, helping to increase the median price from March by 7% to roughly last year’s level.
Neighborhood Snapshots
*ALL PERCENTAGES REFLECT YEAR OVER YEAR CHANGE. 650K 59
1,056 314 MEDIAN SALES PRICE AVERAGE DAYS ON MARKET ACTIVE LISTINGS SOLD LISTINGS MEDIAN PPSF 0% ↑ 118% 0% ↓ 15% ↑ 83%
3,180
MEDIAN SALES PRICE MEDIAN PRICE PER SF CLOSED SALES AVERAGE DAYS ON MARKET APR 23 APR 22 YOY% CHANGE APR 23 YOY% CHANGE APR 23 YOY% CHANGE APR 23 BOCA RATON $833,000 $850,000 -2% $374 0% 159 -14% 53 BOYNTON BEACH $500,000 $537,500 -7% $264 -2% 154 36% 58 DELRAY BEACH $777,500 $750,000 4% $365 0% 114 -4% 53 JUNO BEACH $2,225,000 $1,900,000 17% $866 58% 7 600% 102 JUPITER $995,000 $1,000,000 -1% $439 2% 77 5% 63 LAKE PARK $415,000 $398,000 4% $312 -4% 5 -29% 61 LAKE WORTH $549,950 $576,000 -5% $282 5% 98 -20% 62 LANTANA $425,000 $442,500 -4% $283 -8% 7 -50% 94 NORTH PALM BEACH $923,000 $1,375,000 -33% $411 -11% 8 -11% 49 PALM BEACH $9,500,000 $8,500,000 12% $2,669 -29% 7 40% 177 PALM BEACH GARDENS $930,000 $977,500 -5% $387 -4% 82 21% 60 SINGER ISLAND $1,152,500 $970,000 19% $640 45% 4 300% 22 TEQUESTA $825,000 $900,000 -8% $444 -7% 3 -73% 30 WELLINGTON $695,000 $859,000 -19% $323 5% 49 -42% 61 WEST PALM BEACH $495,000 $520,000 -5% $284 -3% 115 -38% 67
$
$
PALM BEACH COUNTY
CONDOMINIUMS | INVENTORY UP FROM ONE YEAR AGO
The median price was up by 3% compared with last year but decreased slightly in April. Fewer units sold, but those that did took less time to sell than in March.
Neighborhood Snapshots
*ALL PERCENTAGES REFLECT YEAR OVER YEAR CHANGE. 304K 54 3,644 1,112 228 MEDIAN SALES PRICE AVERAGE DAYS ON MARKET ACTIVE
SOLD
MEDIAN PPSF ↑ 3% ↑ 82% ↑ 5% ↓ 20% ↑ 163%
LISTINGS
LISTINGS
MEDIAN SALES PRICE MEDIAN PRICE PER SF CLOSED SALES AVERAGE DAYS ON MARKET APR 23 APR 22 YOY% CHANGE APR 23 YOY% CHANGE APR 23 YOY% CHANGE APR 23 BOCA RATON $335,000 $320,500 5% $335,000 0% 207 -12% 49 BOYNTON BEACH $266,000 $275,000 -3% $191 0% 127 -20% 47 DELRAY BEACH $237,500 $215,000 10% $192 8% 162 -26% 57 HIGHLAND BEACH $1,043,750 $840,000 24% $670 19% 10 -62% 39 JUNO BEACH $590,000 $790,000 -25% $354 -29% 11 -15% 82 JUPITER $585,000 $552,500 6% $388 12% 53 -28% 45 LAKE PARK $335,000 $285,000 18% $258 36% 5 0% 144 LAKE WORTH $193,250 $174,500 11% $151 9% 50 -34% 48 LANTANA $295,000 $260,000 13% $230 40% 10 -9% 84 NORTH PALM BEACH $385,000 $400,500 -4% $330 7% 30 -12% 53 PALM BEACH $1,831,000 $1,425,000 28% $960 48% 30 -30% 84 PALM BEACH GARDENS $420,000 $475,000 -12% $303 7% 53 -25% 44 SINGER ISLAND $1,170,000 $842,500 39% $606 -2% 10 -17% 108 TEQUESTA $510,000 $1,612,500 -68% $340 -61% 9 13% 34 WELLINGTON $435,000 $460,000 -5% $288 2% 18 20% 41 WEST PALM BEACH $230,000 $240,000 -4% $173 -3% 175 -28% 63
$ $
MARTIN COUNTY
SINGLE-FAMILY HOMES | MEDIAN PRICE HIGHEST IN THE REGION
The median price was the highest in the region and saw the largest increase compared to last year at 14%.
Neighborhood Snapshots
*ALL PERCENTAGES REFLECT YEAR OVER YEAR CHANGE. 691K 64 167 73 308 MEDIAN SALES PRICE AVERAGE DAYS ON MARKET ACTIVE LISTINGS SOLD LISTINGS MEDIAN PPSF ↑ 14% ↑ 177% ↑ 6% ↓ 5% ↑ 123%
MEDIAN SALES PRICE MEDIAN PRICE PER SF CLOSED SALES AVERAGE DAYS ON MARKET APR 23 APR 22 YOY% CHANGE APR 23 YOY% CHANGE APR 23 YOY% CHANGE APR 23 HOBE SOUND $570,000 $485,000 18% $267 -6% 11 756% 64 HUTCHINSON ISLAND $5,242,500 $1,500,000 208% $1,280 98% 14 17% 258 JENSEN BEACH $1,204,450 $535,000 31% $680 2% 16 27% 164 JUPITER ISLAND $9,050,000 $5,500,000 65% $2,137 -34% 4 300% 137 PALM CITY $740,000 $701,000 6% $289 30% 29 -41% 50 SEWALL'S POINT $820,000 $1,212,500 -32% $373 5% 5 -17% 45 STUART $980,206 $548,000 24% $353 23% 24 -4% 51
$ $
MARTIN COUNTY
CONDOMINIUMS | GREATEST CONDO PRICE APPRECIATION IN REGION
The median condo price increased by 20% compared with last year, the largest condominium price growth in the region.
Neighborhood Snapshots
*ALL PERCENTAGES REFLECT YEAR OVER YEAR CHANGE. 298K 62 66 49 227 MEDIAN SALES PRICE AVERAGE DAYS ON MARKET ACTIVE LISTINGS SOLD LISTINGS MEDIAN PPSF ↑ 20 % ↑ 239% ↑ 4 % ↓ 6% ↓ 3 %
$ $ MEDIAN SALES PRICE MEDIAN PRICE PER SF CLOSED SALES AVERAGE DAYS ON MARKET APR 23 APR 22 YOY% CHANGE APR 23 YOY% CHANGE APR 23 YOY% CHANGE APR 23 HOBE SOUND $287,500 $292,000 -2% $217 -7% 4 33% 19 HUTCHINSON ISLAND $1,007,000 $508,500 11% $732 -10% 66 17% 112 JENSEN BEACH $425,000 $191,000 123% $236 11% 9 13% 92 PALM CITY $250,000 $186,500 34% $166 2% 5 -50% 59 STUART $265,000 $230,500 15% $202 0% 31 -18% 78
INDIAN RIVER COUNTY
SINGLE-FAMILY HOMES | MEDIAN PRICE ON THE RISE
The median price of single-family homes increased by 4% compared with one year ago and is just 2% lower than the peak reached last June.
Neighborhood Snapshots
*ALL PERCENTAGES REFLECT YEAR OVER YEAR CHANGE. 415K 69 728 222 236 MEDIAN SALES PRICE AVERAGE DAYS ON MARKET ACTIVE LISTINGS SOLD LISTINGS MEDIAN PPSF ↑ 4 % ↑ 49% ↑ 7% ↓ 16% ↑ 148%
MEDIAN SALES PRICE MEDIAN PRICE PER SF CLOSED SALES AVERAGE DAYS ON MARKET APR 23 APR 22 YOY% CHANGE APR 23 YOY% CHANGE APR 23 YOY% CHANGE APR 23 BARRIER ISLAND $1,077,700 $1,475,000 -27% $416 -13% 25 19% 69 MAINLAND VERO BEACH $430,000 $420,000 2% $238 10% 100 -26% 87 SEBASTIAN/FELLSMERE $354,950 $340,000 4% $217 4% 38 -10% 78
$ $
INDIAN RIVER COUNTY
CONDOMINIUMS | SALES RECOVERING FROM PREVIOUS MONTHS
The number of condominiums sold increased in April from last month yet remain 13% lower than one year ago. Since the trough in December, sales activity has increased in each of the last four months.
Neighborhood Snapshots
*ALL PERCENTAGES REFLECT YEAR OVER YEAR CHANGE. 265K 91 376 111 220 MEDIAN SALES PRICE AVERAGE DAYS ON MARKET ACTIVE LISTINGS SOLD LISTINGS MEDIAN PPSF ↓ 8% ↑ 105% ↓ 1% ↓ 13% ↑ 242%
MEDIAN SALES PRICE MEDIAN PRICE PER SF CLOSED SALES AVERAGE DAYS ON MARKET APR 23 APR 22 YOY% CHANGE APR 23 YOY% CHANGE APR 23 YOY% CHANGE APR 23 BARRIER ISLAND $687,500 $545,000 26% $425 -4% 28 -18% 107 MAINLAND VERO BEACH $217,000 $225,000 -4% $199 5% 61 -22% 89 SEBASTIAN/FELLSMERE $257,000 $314,500 -18% $203 -17% 6 20% 95
$ $
The median sales price remained unchanged compared to the previous year. In April, single-family homes continued to sell faster than in any other region.
$ $
210 MEDIAN PPSF
MEDIAN SALES PRICE AVERAGE DAYS ON MARKET ACTIVE LISTINGS 0% ↑ 185% ↓ 2% ↓ 6%
SOLD LISTINGS ↑ 124%
Neighborhood Snapshots
MEDIAN SALES PRICE MEDIAN PRICE PER SF CLOSED SALES AVERAGE DAYS ON MARKET APR 23 APR 22 YOY% CHANGE APR 23 YOY% CHANGE APR 23 YOY% CHANGE APR 23 COCOA $325,000 $322,170 1% $200 -1% 65 -17% 36 COCOA BEACH $817,500 $787,000 4% $506 13% 10 -47% 49 GRANT $704,350 $575,000 22% $320 39% 4 33% 36 INDIALANTIC $742,500 $650,000 14% $303 -10% 18 38% 42 MALABAR $525,000 $537,500 -2% $243 6% 9 125% 62 MELBOURNE $425,000 $395,000 8% $226 0% 184 -19% 36 MELBOURNE BEACH $1,000,000 $845,000 18% $456 30% 21 24% 46 MERRITT ISLAND $486,820 $459,995 6% $253 -1% 59 -19% 44 MIMS $321,810 $327,040 -2% $178 0% 19 6% 27 PALM BAY $1,034,078 $318,550 6% $462 2% 283 7% 86 ROCKLEDGE $400,000 $470,000 -15% $214 -13% 62 -10% 36 SATELLITE BEACH & INDIAN HARBOUR BEACH $565,000 $620,000 -9% $279 -19% 28 -10% 58 TITUSVILLE $310,000 $316,000 -2% $197 -2% 73 -5% 52 WEST MELBOURNE $492,000 $512,000 -4% $215 -9% 7 -36% 31
*ALL PERCENTAGES REFLECT YEAR OVER YEAR CHANGE. 360K
40 1,379 852
BREVARD COUNTY
SINGLE-FAMILY HOMES | APRIL SAW STEADY PRICES
BREVARD COUNTY
INDIAN RIVER COUNTY TRENDS
CONDOMINIUMS
CONDOMINIUMS | PRICING INCREASES FROM PRIOR MONTH
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The median condo price increased by 13% from March and was 5% higher than one year ago. Following the slight dip last month, the median price per square foot also increased.
Neighborhood Snapshots
*ALL PERCENTAGES REFLECT YEAR OVER YEAR CHANGE. 304K 41 428 148 277 MEDIAN SALES PRICE AVERAGE DAYS ON MARKET ACTIVE LISTINGS SOLD LISTINGS MEDIAN PPSF ↑ 5% ↑ 94% ↑ 15% ↓ 31% ↑ 143%
MEDIAN SALES PRICE MEDIAN PRICE PER SF CLOSED SALES AVERAGE DAYS ON MARKET APR 23 APR 22 YOY% CHANGE APR 23 YOY% CHANGE APR 23 YOY% CHANGE APR 23 COCOA $248,000 $572,000 -57% $235 -17% 3 -73% 18 COCOA BEACH $375,000 $388,000 -3% $323 -6% 37 -12% 48 INDIALANTIC $366,250 $455,000 -20% $320 -5% 8 14% 18 MELBOURNE $187,000 $207,500 -10% $183 -8% 16 -50% 44 MELBOURNE BEACH $497,350 $822,500 -40% $350 -13% 7 -13% 21 MERRITT ISLAND $233,250 $231,000 1% $169 -19% 10 -38% 23 PALM BAY $227,500 $148,000 54% $239 74% 4 0% 47 ROCKLEDGE $242,806 $237,900 2% $185 -1% 6 -54% 24 SATELLITE BEACH & INDIAN HARBOUR BEACH $560,000 $429,950 30% $400 13% 23 5% 37 TITUSVILLE $172,500 $146,000 18% $149 7% 6 -65% 32 WEST MELBOURNE $241,750 $217,500 11% $153 -8% 2 0% 30
$
$
ST. JOHNS COUNTY
ALL RESIDENTIAL | INVENTORY RISES
The number of homes listed for sale in St. Johns County decreased by 11% from March, though it remains slightly higher than one year ago. The number of sales and pricing was on par with March and moderately lower than last year.
Neighborhood Snapshots
*ALL PERCENTAGES REFLECT YEAR OVER YEAR CHANGE. 466K
MEDIAN SALES PRICE AVERAGE DAYS ON MARKET ACTIVE LISTINGS SOLD LISTINGS MEDIAN PPSF ↓ 7% ↑ 136% ↓ 4 % ↓ 15% ↑ 6 %
80 798 837 239
MEDIAN SALES PRICE MEDIAN PRICE PER SF CLOSED SALES AVERAGE DAYS ON MARKET APR 23 APR 22 YOY% CHANGE APR 23 YOY% CHANGE APR 23 YOY% CHANGE APR 23 JULINGTON CREEK AREA $594,005 $603,000 -1% $238 5% 78 -3% 48 NOCATEE $695,000 $696,408 0% $296 0% 47 -41% 59 PONTE VEDRA BEACH $1,025,000 $1,000,000 2% $380 -8% 61 -9% 55 SOUTHEAST ST JOHNS COUNTY $449,000 $520,500 -14% $300 -9% 70 -20% 73 ST. AUGUSTINE BEACHES/ANASTASIA ISLAND $381,655 $346,998 10% $217 1% 71 -11% 78 ST. JOHNS $520,000 $513,536 1% $236 0% 107 16% 116 SOUTHWEST ST JOHNS COUNTY $461,000 $360,000 28% $242 4% 20 -57% 38 ST. AUGUSTINE/VILANO BEACH $679,950 $525,000 30% $317 29% 24 -43% 64 WORLD GOLF VILLAGE AREA/PALENCIA $421,310 $473,995 -11% $220 -4% 123 10% 102
$ $
DUVAL COUNTY
ALL RESIDENTIAL | INVENTORY TIGHTENS
The number of homes for sale in Duval County decreased by 23% year-overyear, the only county in the region where inventory fell. Limited inventory also curtailed sales, with a 24% drop in transaction volume from one year ago.
Neighborhood Snapshots
*ALL PERCENTAGES REFLECT YEAR OVER YEAR CHANGE. 305K 76 812 1,278 197 MEDIAN SALES PRICE AVERAGE DAYS ON MARKET ACTIVE LISTINGS SOLD LISTINGS MEDIAN PPSF ↓ 3 % ↑ 151% ↑ 1% ↓ 24% ↓ 23 %
MEDIAN SALES PRICE MEDIAN PRICE PER SF CLOSED SALES AVERAGE DAYS ON MARKET APR 23 APR 22 YOY% CHANGE APR 23 YOY% CHANGE APR 23 YOY% CHANGE APR 23 ARLINGTON/FORT CAROLINE $264,000 $270,000 -2% $181 -3% 86 -38% 79 AVONDALE/RIVERSIDE/ORTEGA $394,000 $450,000 -12% $264 -3% 38 -46% 52 BARTRAM $328,500 $345,000 -5% $201 1% 28 -18% 46 BEACHES $605,000 $697,000 -13% $340 -15% 87 -7% 55 BEAUCLERC/MANDARIN $356,196 $375,150 -5% $205 -1% 97 -18% 64 DOWNTOWN JACKSONVILLE $137,000 $140,000 -2% $125 2% 122 -26% 60 INTRACOASTAL $445,500 $500,963 -11% $242 0% 150 -5% 84 NOCATEE (DUVAL) $397,109 $427,083 -7% $227 2% 37 68% 143 NORTH JACKSONVILLE $311,000 $340,000 -9% $178 -3% 117 -35% 85 SAN MARCO/SAN JOSE $319,000 $295,000 8% $217 4% 28 -52% 52 SOUTHSIDE $261,220 $274,000 -5% $209 3% 152 -24% 86 WEST JACKSONVILLE $273,000 $275,000 -1% $173 -1% 267 -23% 81
$ $
CLAY COUNTY
ALL RESIDENTIAL | INVENTORY INCREASES
Compared to the same time last year, the number of active listings has risen by an impressive 24%. The time on the market improved from last month yet remains higher than in April 2022.
Neighborhood Snapshots
*ALL PERCENTAGES REFLECT YEAR OVER YEAR CHANGE. 324K 81 274 322 178 MEDIAN SALES PRICE AVERAGE DAYS ON MARKET ACTIVE LISTINGS SOLD LISTINGS MEDIAN PPSF ↓ 7% ↑ 188% ↓ 5 % ↓ 12% ↑ 24%
MEDIAN SALES PRICE MEDIAN PRICE PER SF CLOSED SALES AVERAGE DAYS ON MARKET APR 23 APR 22 YOY% CHANGE APR 23 YOY% CHANGE APR 23 YOY% CHANGE APR 23 FLEMING ISLAND $440,300 $450,000 -2% $195 0% 34 -28% 58 GREEN COVE SPRINGS $317,490 $323,995 -2% $181 -2% 36 -10% 88 MIDDLEBURG/KEYSTONE $302,500 $346,000 -13% $193 2% 66 -39% 66 ORANGE PARK $292,500 $320,450 -9% $178 -5% 52 -21% 52 OAKLEAF PLANTATION $328,924 $359,990 -9% $165 -8% 72 26% 113
$ $
NASSAU COUNTY
ALL RESIDENTIAL | MEDIAN PRICE PER SQUARE FOOT INCREASES SLIGHTLY
The median price was slightly lower than one year ago, but nearly 6% higher than last month. Inventory was up by 33% from last year, though stabilized from the March level.
Neighborhood Snapshots
*ALL PERCENTAGES REFLECT YEAR OVER YEAR CHANGE. 415K 84 283 303 219 MEDIAN SALES PRICE AVERAGE DAYS ON MARKET ACTIVE LISTINGS SOLD LISTINGS MEDIAN PPSF ↓ 1% ↑ 162% ↑ 3% ↓ 21% ↑ 33%
MEDIAN SALES PRICE MEDIAN PRICE PER SF CLOSED SALES AVERAGE DAYS ON MARKET APR 23 APR 22 YOY% CHANGE APR 23 YOY% CHANGE APR 23 YOY% CHANGE APR 23 AMELIA ISLAND/FERNANDINA BEACH $640,000 $567,000 13% $326 7% 87 -34% 62 YULEE/WILDLIGHT $357,990 $355,012 1% $189 3% 53 8% 116
$ $
FLAGLER COUNTY
ALL RESIDENTIAL | INVENTORY UP, PRICES STEADY
Inventory increased substantially, by roughly 42% from one year ago. The median price was flat from last month as well as last year.
Neighborhood Snapshots
*ALL PERCENTAGES REFLECT YEAR OVER YEAR CHANGE. 380K 72 395 392 208 MEDIAN SALES PRICE AVERAGE DAYS ON MARKET ACTIVE LISTINGS SOLD LISTINGS MEDIAN PPSF ↑ 1% ↑ 180% ↑ 2% ↓ 20% ↑ 42 %
MEDIAN SALES PRICE MEDIAN PRICE PER SF CLOSED SALES AVERAGE DAYS ON MARKET APR 23 APR 22 YOY% CHANGE APR 23 YOY% CHANGE APR 23 YOY% CHANGE APR 23 BUNNELL $332,490 $348,000 -4% $189 4% 15 36% 79 FLAGLER BEACH $572,500 $417,500 37% $286 -18% 14 -13% 65 PALM COAST $374,900 $365,995 2% $203 1% 213 -22% 71
$ $
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For unmatched real estate expertise © 2023 ONE Sotheby’s International Realty. All rights reserved. Sotheby’s International Realty® and the Sotheby’s International Realty Logo are service marks licensed to Sotheby’s International Realty Affiliates LLC and used with permission. ONE Sotheby’s International Realty fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each franchise is independently owned and operated. Any services or products provided by independently owned and operated franchisees are not provided by, affiliated with or related to Sotheby’s International Realty Affiliates LLC nor any of its affiliated companies. The information contained herein is deemed accurate but not guaranteed.
