PORT ROYAL to BONITA BEACH ROAD AREA Condominiums

• The number of closed sales in the 12 months ending December 31, 2022 for the luxury market from Port Royal to Bonita Beach Road Area decreased 27% year-overyear (576 vs 791).

NEW LISTINGS / INVENTORY

• During the 12 months ending December 31, 2022, a total of 715 new listings were added to the market, a decrease of 2% vs the same time period 12 months ending December 31, 2021.

• Available inventory as of December 31, 2022 consisted of 224 units, a 22% increase vs the same time period in 2021 (224 vs 183). Current inventory represents 5 months of supply based on current absorption rates.

AVERAGE & MEDIAN SALES PRICE

• The year-over-year average sales price for the area was $2,590,811, increasing 13% vs the same time period in 2021.

• The median sales price for the area in December 2022 increased 17% to $2,110,000 vs December 2021.