PORT ROYAL to BONITA BEACH ROAD AREA

Single-Family Properties

• The number of closed sales in the 12 months ending January 31, 2023 for the luxury market from Port Royal to Bonita Beach Road Area decreased 33% year-over-year (426 vs 636).

NEW LISTINGS / INVENTORY

• During the 12 months ending January 31, 2023, a total of 848 new listings were added to the market, an increase of 36% compared to the same time period 12 months ending January 31, 2022.

• Available inventory as of January 31, 2023 consisted of 382 units, a 90% increase vs the same time period in 2022 (382 vs 201). Current inventory represents 11 months of supply based on current absorption rates.

AVERAGE & MEDIAN SALES PRICE

• The year-over-year average sales price for the area was $5,093,129 an increase of 1% vs the same time period in 2021.

• The median sales price for the area in January 2023 increased 26% to $5,400,000 vs January 2022.