PORT ROYAL to BONITA BEACH ROAD AREA Condominiums

• The number of closed sales in the 12 months ending February 28, 2023 for the luxury market from Port Royal to Bonita Beach Road Area decreased 13% year-over-year (667 vs 771).

NEW LISTINGS / INVENTORY

• During the 12 months ending February 28, 2023, a total of 885 new listings were added to the market, an increase of 22% vs the same time period 12 months ending February 28, 2022.

• Available inventory as of February 28, 2023 consisted of 352 units, a 43% increase vs the same time period in 2022 (352 vs 247). Current inventory represents 7 months of supply based on current absorption rates.

AVERAGE & MEDIAN SALES PRICE

• The year-over-year average sales price for the area was $2,534,933, increasing 6% vs the same time period in 2022.

• The median sales price for the area in February 2023 decreased 9% to $1,962,500 vs February 2022.