PORT ROYAL to BONITA BEACH ROAD AREA Condominiums

LUXURY MARKET $1M+ (WEST OF 41)

Sales

• 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 18% year-over-year (654 vs 799).

NEW LISTINGS / INVENTORY

• During the 12 months ending January 31, 2023, a total of 837 new listings were added to the market, an increase of 13% vs the same time period 12 months ending January 31, 2022.

• Available inventory as of January 31, 2023 consisted of 287 units, a 35% increase vs the same time period in 2022 (287 vs 212). Current inventory represents 2 months of supply based on current absorption rates.

AVERAGE & MEDIAN SALES PRICE

• The year-over-year average sales price for the area was $2,584,490, increasing 113% vs the same time period in 2021.

• The median sales price for the area in January 2023 increased 29% to $2,192,500 vs January 2022.