TODAY’S REAL ESTATE ALONG FLORIDA’S EAST COASTTRENDS MARKET SEPTEMBERREPORT2022
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ONE Sotheby’s International Realty presents the only market report focused on Florida’s East Coast. From Miami to Amelia Island, data is presented from a macro perspective down to city level.
Daniel de la Vega
ONEPresidentSotheby’s International Realty
The housing market rebounded from July as the sale pace increased in nearly all counties along Florida’s East Coast. The favorable economic conditions, driven by a tight labor market and wage growth, have boosted consumer confidence in the last month while attracting new residents to the region.
Data is sourced from local Multiple Listing Service (MLS) organizations. Written analysis created in partnership with the Rosen Consulting Group, a nationally recognized consulting firm and trusted advisor to top public and private real estate operators and capital providers.
ABOUT TRENDS:
The September edition of our TRENDS market report brings strategic perspectives on real estate from Miami, all the way to Amelia Island.
As the selling season begins, keeping a close eye on the market allows us to better advise our clients so they can make an informed next move. We’ll continue to combine our partners’ analytical approach and global viewpoint with the local knowledge of our real estate professionals to provide the most exclusive service within the regional luxury real estate Florida’sindustry.EastCoast
keeps catching attention as a primary residence destination, outpacing other parts of the country. With an innovative marketing strategy, cutting-edge tools and technology, alongside the highest caliber of expertise of our real estate associates, ONE Sotheby’s International Realty will continue to raise industry standards as we look forward to more outstanding results.
LOCAL EXPERTISE WITH A GLOBAL PERSPECTIVE
AVERAGE SALES PRICE BY COUNTY
The regional housing market rebounded from July as positive economic conditions enticed additional demand and allowed potential buyers to adjust to higher mortgage rates. With an unemployment rate in the 2% to 3% range in most counties along the Florida East Coast, the tight labor market and wage growth have helped to improve consumer confidence in the last month while attracting new residents to the region.
In August, total sales of condos and single-family homes increased by 7%, reversing the four-month trend of slowing sales. During the month, the pace of condo sales increased by 9%, while single-family home sales accelerated by 6%. Sales increased from July in nearly all counties along the Florida East Coast. The most significant gains in sales occurred in Brevard and Duval counties. Throughout the region, by price range, the sales volume of homes priced less than $1 million increased by more than 8%, highlighting that demand for relatively affordable housing remains elevated.
SEP 2022
THE REAL ESTATE MARKET ALONG FLORIDA’S EAST COAST
SALES PACE INCREASES
FLORIDA’S EAST
SINGLECOASTFAMILY HOMES CONDOMINIUMS AUG 2021 AUG 2022 AUG 2021 AUG 2022
FLORIDA’S EAST COAST $465,0001%
MEDIAN SALES PRICE
Despite the uptick in sales, homes spend more time on the market than earlier in the year. In the single-family home segment, the average time listings spend on the market is now back over a month. Miami-Dade County bucked the trend, with the average time on the market falling in August. The share of sellers receiving a premium to the list price also decreased by 23% for condos and single-family homes combined. On the other hand, the median condo price, decreased by 2% and the median single-family home price by 1% from last month. In southeast Florida, the median price increased in Indian River and Martin counties.
AUG 22 CHANGE FROM PRIOR MONTH AUG 22 CHANGEYOY%
SINGLE FAMILY HOMES 180 -1% $750,000 47% $867,899 20% $348 24% 79 -15% $4,500,000 CONDOS 95 7% $325,000 44% $355,300 2% $283 24% 45 -6% $1,025,000
For-sale listings increased slightly in July, nearly 2%, the fifth-consecutive monthly increase. Though an increase in inventory is sometimes a sign of a softening market, the offsetting increase in sales highlights that buyer demand is persistent. Additionally, at the current sales pace, supply would be absorbed within a little over two months, within the range of historical norms. Relative to the historical lows in for-sale supply to begin the year, the increase in options for potential buyers is vital to a sustainable and healthy housing market.
BROWARD COUNTY
CLAY COUNTY
INDIAN RIVER COUNTY
RESIDENTIAL 821 -12% $499,500 21% $592,494 19% $286 21% 875 -18% $5,600,000
BUYER DEMAND IS PERSISTENT
BREVARD COUNTY
FOR SALE MEDIAN SALES PRICE AVG SALES PRICE PRICE PER SF CLOSED TRANSACTIONS HIGHEST SALES
DUVAL COUNTY
THE REAL ESTATE MARKET ALONG FLORIDA’S EAST COAST
CONDOS 6,151 2% $375,000 12% $552,072 -1% $430 13% 1,407 -25% $12,500,000
SEP 2022
SINGLE FAMILY HOMES 652 9% $392,000 11% $525,349 1% $253 8% 245 -9% $3,000,000 CONDOS 206 2% $276,000 15% $376,812 16% $264 29% 92 5% $1,700,000
AUG 22 CHANGEYOY% AUG 22 CHANGEYOY% AUG 22 CHANGEYOY% AUG 22
MIAMI-DADE COUNTY
SINGLE FAMILY HOMES 1,525 4% $376,000 16% $468,935 20% $237 20% 887 -12% $5,300,000 CONDOS 310 0% $270,000 9% $360,161 5% $262 14% 157 -18% $1,300,000
PALM BEACH COUNTY
RESIDENTIAL 1,185 -25% $309,000 12% $370,982 17% $210 20% 1,333 -31% $3,430,000 FLAGLER COUNTY
RESIDENTIAL 365 -9% $359,575 19% $395,180 28% $193 22% 342 -26% $1,450,000
RESIDENTIAL 451 17% $392,000 19% $487,153 24% $250 24% 416 1% $2,010,000
RESIDENTIAL 383 16% $435,000 16% $569,728 9% $275 12% 307 -16% $2,950,000 ST. JOHNS COUNTY
SINGLE FAMILY HOMES 3,267 6% $568,000 14% $755,930 9% $353 17% 1,146 -26% $32,500,000
SINGLE FAMILY HOMES 3,470 0% $609,000 18% $944,732 6% $369 21% 1,121 -20% $23,285,572 CONDOS 2,555 4% $289,000 26% $422,951 17% $238 20% 982 -28% $8,500,000
MARTIN COUNTY
NASSAU COUNTY
SINGLE FAMILY HOMES 3,792 4% $559,000 11% $895,255 -10% $407 8% 1,011 -19% $25,000,000
CONDOS 3,295 7% $262,000 19% $353,696 14% $264 20% 1,401 -17% $13,600,000
The early summer trends may prove to be temporary as sales activity picked up in August. The strong economy and influx of new residents will continue to buoy demand for homes through the remainder of the year. While pricing and buyer competition may decrease in the coming months, it will be driven primarily by higher mortgage rates and reduced affordability rather than a lack of housing demand. Overall, the Florida East Coast housing market stays strong, outpacing other parts of the country.
AVAILABLE INVENTORY
2021AUG 2022AUG SINGLE FAMILY HOMES CONDOMINIUMS
FLORIDA’S
EAST COAST SINGLE FAMILY HOMES AND CONDOMINIUMS Jun 2022 Jul 2022 Aug 2022
SOLD ABOVE LISTED PRICE
↑ 3% ↑ 7% ↑ 2% ↑ 2% ↓ 9% ↓ 25% ↓ 38% ↓ 12%↑ 16% ↑ 6% ↑ 3%
FLORIDA’S EAST COAST ABOVE LISTING PRICE AT LISTING PRICE OR LOWER 2021AUG 2022AUG
ORAL REPRESENTATIONS CANNOT BE RELIED UPON AS CORRECTLY STATING REPRESENTATIONS OF THE DEVELOPER. FOR CORRECT REPRESENTATIONS, MAKE REFERENCE TO THE DOCUMENTS REQUIRED BY SECTION 718.503, FLORIDA STATUTES, TO BE FURNISHED BY A DEVELOPER TO A BUYER OR LESSEE.
To Live Exquisite is to Live Extraordinary.
St. Regis represents a future propelled by a historic past. It’s a place where new generations will create lifetimes of legendary moments, in one-of-a-kind homes for individuals who perceive their personal legacies innately intertwined with the rich heritage of Miami.
The St. Regis Residences, Miami East Tower a condominium within The St. Regis Residences, Miami (the “Condominium”) is developed by 1809 Brickell Property Owner, LLC (“Developer”) and this offering is made only by the Developer’s Prospectus for the Condominium. Sketches, renderings, or photographs depicting lifestyle, amenities, food services, club services, rental services, hosting services, finishes, designs, fixtures, appliances, cabinetry,
materials, furnishings,
Situated along the beautiful coastline of South Brickell, The St. Regis Residences, Miami epitomize elegant living. It mirrors the sensibilities of those who are driven by connoisseurship, demand excellence, respect tradition and value individuality above all else.
soffits, lighting, countertops, floor plans, specifications, or art are proposed only, and the Developer reserves the right to modify, revise, or withdraw any or all of the same in its sole discretion. Pursuant to license agreements, and for so long as the license agreement governing use of a name is not terminated or expired, Developer has a right to use the trade names, marks, and logos of: (1) St Regis; (2) St. Regis Residences; (3) The Related Group; and (3) Integra Investments, LLC, each of which is a licensor and none of which is the Developer. Marriott International, Inc. is not responsible for the marketing, development, or sales of the Condominium. Consult the Developer’s Prospectus for the proposed budget, terms, conditions, specifications, fees, and Unit dimensions. The Developer is not incorporated in, located in, nor a resident of, New York. This is not intended to be an offer to sell, or solicitation of an offer to buy, condominium units in New York or to residents of New York, or of any other jurisdiction were prohibited by law. 2022 © 1809 Brickell Property Owner, LLC, with all rights reserved. Future Residences Located 1809 Brickell Avenue Miami, Florida 33129
flats. © 2022 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 or any of its affiliated companies. The information contained herein is deemed accurate but not guaranteed. Oral representations cannot be relied upon as correctly stating the representations of the developer. For correct representations, reference should be made to the documents required by section 718.503, Florida Statutes, to be furnished by a developer to a buyer or lessee. Pricing subject to change without notice. The NowGallerySalesisOpen! 2990M:INFO@GABLESVILLAGE.MIAMIGABLESVILLAGE.MIAMI+1(786)833-6398PONCEDELEONBLVD.SUITE 101. CORAL GABLES, FL, 33134 Introducing Coral Gables’ Most Exclusive New Village
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AVERAGE SALES PRICE
SINGLE-FAMILY HOMES
While sales stabilized in August, the median price decreased by 4%. Though fewer homes sold at a premium to the listed price, the decrease was the smallest compared to surrounding counties.
Miami-Dade County
DAYS ON MARKET
SALES STABILIZE
SURFSIDE $1,648,750 $2,034,700 -19% $752 -6% 4 -60% 76
Miami-Dade County BY NEIGHBORHOOD
AVG SALES PRICE DAYS ON MARKET AVAILABLE LISTINGSSOLD ABOVE LISTED PRICE PRICE RANGE AVG SALES PRICE PRICE PER SF PRICE PER SF DAYS ON MARKET ABOVE LISTING PRICE AT LISTING PRICE OR LOWER CLOSED TRANSACTIONSCLOSEDTRANSACTIONS 4% 2021AUG 2022AUG ↓ SINGLE-FAMILY HOMES
N/A $3,575,000 N/A N/A N/A - N/A N/A
BAY HARBOR ISLANDS $6,150,000 $8,625,000 -29% $1,472 15% 2 0% 76
AVENTURA $4,076,667 $981,167 315% $967 158% 3 -50% 82
COCONUT GROVE $2,478,000 $3,481,000 -29% $947 N/A 13 N/A 34
MIAMI BEACH
NORTH BAY VILLAGE $1,069,750 $700,000 53% $515 49% 1 0% 7
$3,015,700 $5,732,837 -47% $997 -12% 20 -33% 46
FISHER ISLAND
MIAMI $726,923 $725,586 0% $374 12% 485 -13% 37
CORAL GABLES $1,715,000 $2,511,000 -31% $717 12% 32 -48% 23
SOUTH MIAMI $1,652,591 $1,184,063 40% $732 58% 11 -31% 52
$895,255 $996,084 -10% $407 8% 1,011 -19% 35
INDIAN CREEK
MIAMI-DADE COUNTY
$25,000,000 $6,182,500 304% $1,894 74% 1 -50% 74
SUNNY ISLES BEACH $1,200,000 N/A N/A N/A N/A 2 N/A 103
SALES
AUG 22 AUG 21 YOY% CHANGE AUG 22 CHANGEYOY% AUG 22 YOY% CHANGE AUG 22 <$500,000 $403,741 $387,049 4% $304 15% 396 -36% 33 $500,000-$999,999 $668,729 $688,999 -3% $361 6% 432 12% 31 $1MM-$4.99MM $1,875,800 $2,004,944 -6% $673 9% 168 -22% 44 >$5MM $9,413,053 $11,661,715 -19% $1,858 6% 15 -42% 67 AUG 22 AUG 21 YOY% CHANGE AUG 22 CHANGEYOY% AUG 22 CHANGEYOY% AUG 22
BAL HARBOUR
GOLDEN BEACH
KEY BISCAYNE $5,957,083 $4,290,755 39% $1,609 44% 6 -57% 50
N/A N/A N/A N/A N/A - N/A N/A
MIAMI SHORES $1,652,750 $1,148,416 44% $742 37% 12 -37% 31
N/A N/A N/A N/A N/A - N/A N/A
PINECREST $2,811,250 $2,162,604 30% $743 43% 9 -70% 60
AVERAGE SALES PRICE
DAYS ON MARKET
For-sale listings increased by 2%, one of the smallest increases in the region. However, sales also increased by only a small amount, roughly 8%, compared to the neighboring counties.
Miami-Dade County
INVENTORY AND SALES RISE
CONDOMINIUMS
CORAL GABLES $506,000 $786,000 -38% $517 16% 17 -60% 45
BAY HARBOR ISLANDS $589,889 $482,600 22% $458 32% 9 -40% 58
MIAMI SHORES $298,000 $435,000 -31% $243 -4% 2 100% 40
NORTH BAY VILLAGE $445,778 $387,731 15% $354 10% 18 38% 36
SALES
BRICKELL/DOWNTOWN MIAMI/EDGEWATER $710,253 $672,981 6% $601 25% 166 -34% 56
MIAMI-DADE COUNTY
AVG SALES PRICE DAYS ON MARKET AVAILABLE LISTINGSSOLD ABOVE LISTED PRICE PRICE RANGE AVG SALES PRICE PRICE PER SF PRICE PER SF DAYS ON MARKET ABOVE LISTING PRICE AT LISTING PRICE OR LOWER CLOSED TRANSACTIONSCLOSEDTRANSACTIONS 2%2021AUG 2022AUG ↓ CONDOMINIUMS
FISHER ISLAND
PINECREST $456,833 $400,830 14% $376 34% 9 -10% 30
N/A N/A N/A N/A N/A - N/A N/A
$1,448,381 $1,250,656 16% $821 14% 21 -53% 75
KEY BISCAYNE
COCONUT GROVE $775,000 $1,156,000 -7% $729 37% 24 33% 25
$1,300,000 $1,128,473 15% $613 6% 72 -41% 79
GOLDEN BEACH
N/A N/A N/A N/A N/A - N/A N/A
Miami-Dade County BY NEIGHBORHOOD
$552,072 $556,225 -1% $430 13% 1,407 -25% 45
AVENTURA $572,069 $481,430 19% $353 25% 97 -42% 48
MIAMI $411,202 $391,838 5% $363 15% 420 -25% 38
SUNNY ISLES BEACH
SURFSIDE $1,313,571 $1,100,650 19% $1,002 27% 7 -30% 218
MIAMI BEACH $698,228 $804,688 -13% $615 6% 167 -23% 58
INDIAN CREEK N/A N/A N/A N/A N/A - N/A N/A
BAL HARBOUR
SOUTH MIAMI $387,225 $247,500 56% $441 59% 4 -50% 6
$2,075,000 $1,234,556 68% $1,141 72% 8 -56% 113
AUG 22 AUG 21 YOY% CHANGE AUG 22 CHANGEYOY% AUG 22 YOY% CHANGE AUG 22 <$500,000 $309,557 $287,738 8% $320 13% 973 -29% 34 $500,000-$999,999 $678,993 $691,587 -2% $536 7% 310 5% 59 $1MM-$4.99MM $1,756,713 $1,837,067 -4% $954 16% 116 -39% 95 >$5MM $7,662,500 $7,166,923 7% $1,789 -5% 8 -38% 146 AUG 22 AUG 21 YOY% CHANGE AUG 22 CHANGEYOY% AUG 22 CHANGEYOY% AUG 22
LISTINGS UP YET REMAIN LOWER THAN HISTORICAL LEVELS
DAYS ON MARKET
SINGLE-FAMILY HOMES
For-sale listings increased compared to last month, yet the months of supply at the current sales pace remained less than three months, much lower than the pre-pandemic level. Though sales volume declined slightly, the more than 1,100 homes sold are greater than the trough earlier in the year.
Broward County
AVERAGE SALES PRICE
CORAL SPRINGS $691,687 $612,680 13% $302 25% 87 -36% 21
DAVIE $814,151 $813,198 0% $342 18% 64 -17% 35
WILTON MANORS $783,469 $653,545 20% $496 16% 16 -16% 26
SINGLE-FAMILY HOMES
LAUDERDALE-BY-THE-SEA $1,100,125 N/A N/A $679 N/A 4 N/A 34
PEMBROKE PINES $654,818 $531,688 23% $312 22% 90 -27% 26
AUG 22 AUG 21 YOY% CHANGE AUG 22 CHANGEYOY% AUG 22 YOY% CHANGE AUG 22 <$500,000 $395,145 $377,746 5% $296 15% 472 -40% 28 $500,000-$999,999 $688,014 $668,900 3% $343 17% 512 -12% 27 $1MM-$2.99MM $1,509,825 $1,496,506 1% $506 15% 146 -5% 40 >$3MM $6,693,125 $5,821,409 15% $1,059 6% 16 -41% 165 AVG SALES PRICE DAYS ON MARKET PRICE RANGE PRICE PER SF CLOSED TRANSACTIONS
BROWARD COUNTY
SALES BY NEIGHBORHOOD
$1,328,639 $1,339,520 -1% $491 6% 152 -21% 41
PLANTATION $777,152 $643,066 21% $323 25% 50 -33% 27
FORT LAUDERDALE
WESTON $983,760 $801,307 23% $376 26% 58 -39% 35
AUG
ABOVE LISTING PRICE AT LISTING PRICE ORAVGLOWERSALESPRICE PRICE PER SF DAYS ON MARKETCLOSED TRANSACTIONS 6%2021AUG ↓2022AUG
DEERFIELD BEACH $629,939 $406,959 55% $343 35% 33 -8% 27
$1,357,500 $1,462,522 -7% $562 9% 8 -65% 30
COOPER CITY $774,205 $666,007 16% $358 20% 22 -27% 34
SUNRISE $460,330 $406,342 13% $290 12% 47 -18% 28
SOUTHWEST RANCHES $1,138,667 $1,138,100 0% $434 29% 3 -79% 21
SOLD ABOVE LISTED PRICE
HALLANDALE
$1,515,000 $809,350 87% $584 66% 5 -38% 58
$554,620 $527,863 5% $355 15% 96 -21% 29
LIGHTHOUSE POINT
MIRAMAR $622,632 $525,540 18% $306 25% 71 -28% 29 PARKLAND $1,264,306 $989,063 28% $375 27% 50 -37% 29
AVAILABLE LISTINGS
POMPANO BEACH $572,554 $575,708 -1% $373 6% 54 -32% 27
YOY% CHANGE AUG 22 CHANGEYOY% AUG 22 CHANGEYOY% AUG 22
AUG
HILLSBORO BEACH N/A N/A N/A N/A N/A - N/A N/A HOLLYWOOD
$755,930 $693,345 9% $353 17% 1,146 -26% 31
Broward County 22 21
COUNTY AMONG MOST COMPETITIVE
While sales increased by 11%, Broward County remains one of the more competitive housing markets in the region. In August, 29% of units sold for more than the list price, the highest number for condos in the region.
Broward County
AVERAGE SALES PRICE
DAYS ON MARKET
CONDOMINIUMS
$288,480 $234,899 23% $235 27% 109 -19% 23
PEMBROKE PINES
CORAL SPRINGS
$243,897 $199,683 22% $207 45% 94 -3% 36
PLANTATION $268,732 $228,943 17% $201 8% 49 -20% 32
$255,889 $257,322 -1% $248 10% 9 0% 29
WILTON MANORS $458,404 $344,779 33% $313 40% 20 43% 21
COOPER CITY $374,000 $349,325 7% $282 14% 4 -60% 8
AVAILABLE LISTINGS
Broward County
HALLANDALE $353,680 $312,106 13% $314 17% 89 -31% 57
DEERFIELD BEACH $229,175 $232,763 -2% $190 13% 87 -12% 27
$778,289 $580,746 34% $465 30% 177 -33% 51
WESTON $389,425 $332,586 17% $285 16% 28 27% 19
POMPANO BEACH $355,600 $312,550 14% $271 14% 110 -15% 28
$279,990 $196,353 43% $219 27% 59 -5% 20
AUG 22 AUG 21 YOY% CHANGE AUG 22 CHANGEYOY% AUG 22 YOY% CHANGE AUG 22 <$500,000 $250,227 $218,640 14% $221 18% 1,198 -19% 31 $500,000-$999,999 $664,971 $679,008 -2% $433 7% 166 21% 47 $1MM-$2.99MM $1,542,844 $1,520,346 1% $778 26% 32 -48% 49 >$3MM $7,200,000 $3,919,667 84% $1,867 61% 5 67% 384 AVG SALES PRICE DAYS ON MARKET PRICE RANGE PRICE PER SF CLOSED TRANSACTIONS
$353,696 $310,393 14% $264 20% 1,401 -17% 35
LIGHTHOUSE POINT
SOLD ABOVE LISTED PRICE
N/A N/A N/A N/A N/A - N/A N/A
BROWARD COUNTY
ABOVE LISTING PRICE AT LISTING PRICE OR LOWER
HOLLYWOOD $414,975 $431,524 -4% $344 17% 107 -8% 52
↑7%2021AUG 2022AUG CONDOMINIUMS
AVG SALES PRICE PRICE PER SF DAYS ON MARKETCLOSED TRANSACTIONS AUG 22 AUG 21 YOY% CHANGE AUG 22 CHANGEYOY% AUG 22 CHANGEYOY% AUG 22
DAVIE $293,305 $241,799 21% $225 24% 40 -45% 16
FORT LAUDERDALE
SOUTHWEST RANCHES
SUNRISE
SALES BY NEIGHBORHOOD
MIRAMAR $349,012 $297,545 17% $258 21% 41 8% 25
LAUDERDALE-BY-THE-SEA $928,250 $775,343 20% $508 29% 8 -60% 21
HILLSBORO BEACH $667,833 $830,833 -20% $511 32% 6 -33% 38
PARKLAND $579,000 $444,400 30% $344 35% 5 -44% 12
Palm Beach County
SINGLE-FAMILY HOMES
SALES BEGIN TO RECOVER
AVERAGE SALES PRICE
DAYS ON MARKET
Sales increased by 10%, one of the more significant increases in the region. With listing volume stable, the months of supply fell to roughly three months.
PALM BEACH $12,850,064 $16,273,207 -21% $2,911 10% 5 -44% 54
$944,732 $889,432 6% $369 21% 1,121 -20% 30
TEQUESTA $661,250 $1,997,240 -67% $438 -19% 4 -60% 15
AUG 22 AUG 21 YOY% CHANGE AUG 22 CHANGEYOY% AUG 22 YOY% CHANGE AUG 22 <$500,000 $393,860 $369,228 7% $255 18% 369 -45% 27 $500,000-$999,999 $689,597 $670,723 3% $325 14% 540 5% 28 $1MM-$4.99MM $1,847,715 $1,893,562 -2% $571 17% 193 1% 38 >$5MM $9,722,068 $11,648,713 -17% $1,773 4% 19 -24% 62 AVG SALES PRICE DAYS ON MARKET PRICE RANGE PRICE PER SF CLOSED TRANSACTIONS SINGLE-FAMILY HOMES
SOLD ABOVE LISTED PRICE ABOVE LISTING PRICE AT LISTING PRICE OR LOWER 0.1%2021AUG 2022AUG ↓
LAKE PARK $430,167 $296,286 45% $292 59% 6 -14% 23
BOCA RATON $1,262,127 $1,017,361 24% $437 36% 175 -25% 31
PALM BEACH COUNTY
BOYNTON BEACH $583,949 $493,313 18% $286 24% 178 -122% 26
NORTH PALM BEACH $2,184,281 $1,929,100 13% $591 34% 9 -10% 24
WEST PALM BEACH $721,073 $573,676 26% $330 26% 120 -37% 37
Palm Beach County
WELLINGTON $1,045,433 $869,339 20% $354 16% 72 -23% 35
SALES BY NEIGHBORHOOD
MANALAPAN N/A N/A N/A N/A N/A - N/A N/A
PALM BEACH GARDENS $1,237,924 $1,282,089 -3% $461 23% 76 -13% 27
AVAILABLE LISTINGS
JUPITER INLET COLONY N/A N/A N/A N/A N/A - N/A N/A
LANTANA $401,000 $918,879 -56% $288 -12% 4 -71% 32
JUNO BEACH $1,395,000 $265,000 426% $566 155% 1 0% 43
JUPITER $1,269,373 $1,029,092 23% $501 35% 80 -9% 31
AVG SALES PRICE PRICE PER SF DAYS ON MARKETCLOSED TRANSACTIONS AUG 22 AUG 21 YOY% CHANGE AUG 22 CHANGEYOY% AUG 22 CHANGEYOY% AUG 22
HIGHLAND BEACH $9,550,000 N/A N/A $2,192 N/A 1 N/A -
DELRAY BEACH $946,809 $1,057,352 -10% $369 9% 75 -39% 24
SINGER ISLAND $2,675,000 $805,000 232% $1,219 130% 1 0% 1
LAKE WORTH $546,205 $465,762 17% $258 15% 114 -16% 30
DAYS ON MARKET
AUGUST MOSTLY STABLE
CONDOMINIUMS
AVERAGE SALES PRICE
Palm Beach County
The number of sales, median price and share of homes sold above the list price all moved by 1% in August.
TEQUESTA $1,161,875 $335,777 246% $567 139% 8 -47% 28
SOLD ABOVE LISTED PRICE ABOVE LISTING PRICE AT LISTING PRICE OR LOWER 4%2021AUG 2022AUG ↓
WELLINGTON $400,265 $391,043 2% $260 8% 17 -19% 52
HIGHLAND BEACH $954,637 $769,300 24% $541 15% 19 -5% 39
AUG 22 AUG 21 YOY% CHANGE AUG 22 CHANGEYOY% AUG 22 YOY% CHANGE AUG 22 <$500,000 $265,637 $225,088 18% $170 16% 810 -31% 28 $500,000-$999,999 $699,031 $683,096 2% $417 9% 118 -10% 31 $1MM-$4.99MM $1,993,005 $1,814,618 10% $862 26% 52 -10% 50 >$5MM N/A $8,756,250 N/A N/A N/A 2 N/A N/A AVG SALES PRICE DAYS ON MARKET PRICE RANGE PRICE PER SF CLOSED TRANSACTIONS CONDOMINIUMS
JUPITER INLET COLONY N/A N/A N/A N/A N/A - N/A N/A
AVG SALES PRICE PRICE PER SF DAYS ON MARKETCLOSED TRANSACTIONS AUG 22 AUG 21 YOY% CHANGE AUG 22 CHANGEYOY% AUG 22 CHANGEYOY% AUG 22
NORTH PALM BEACH $528,382 $451,465 17% $264 14% 22 -27% 30 MANALAPAN N/A N/A N/A N/A N/A - N/A N/A
JUNO BEACH
JUPITER $635,110 $445,914 42% $382 40% 47 -37% 20
WEST PALM BEACH $243,623 $228,533 7% $143 9% 166 -26% 31
BOCA RATON
LANTANA $277,311 $532,944 -48% $193 -10% 9 0% 31
PALM BEACH COUNTY
$433,765 $438,847 -1% $239 3% 178 -38% 33
SALES BY NEIGHBORHOOD
AVAILABLE LISTINGS
Palm Beach County
BOYNTON BEACH $311,278 $245,717 27% $191 25% 94 -29% 21
$1,144,444 $663,962 72% $643 96% 9 -31% 18
LAKE WORTH $289,263 $178,431 62% $177 60% 57 -7% 34
DELRAY BEACH $349,669 $231,558 51% $201 46% 162 -24% 29
LAKE PARK
$422,951 $361,583 17% $238 20% 982 -28% 29
PALM BEACH $2,064,429 $1,717,500 20% $822 22% 21 -19% 49
PALM BEACH GARDENS $486,916 $384,283 27% $307 37% 45 -33% 23
$250,400 $280,900 -11% $154 -28% 7 250% 29
SINGER ISLAND $748,167 $1,061,690 -30% $494 21% 6 -71% 71
AVERAGE SALES PRICE
DAYS ON MARKET
SINGLE-FAMILY HOMES
Sales volume increased by 18% from the prior month. The share of homes sold above the asking price fell in August.
Martin County SALES VOLUME REBOUNDS
>$3MM $4,500,000 N/A N/A $607 N/A 1 N/A 70
STUART $755,348 $582,900 30% $347 25% 23 -12% 26
SEWALL'S POINT $1,678,333 $1,158,714 45% $543 60% 3 -57% 24
$1MM-$2.99MM
PALM CITY $791,456 $672,917 18% $316 27% 44 91% 29
AUG 22 AUG 21 YOY% CHANGE AUG 22 CHANGEYOY% AUG 22 YOY% CHANGE AUG 22
AUG 22 AUG 21 YOY% CHANGE AUG 22 CHANGEYOY% AUG 22 CHANGEYOY% AUG 22
Martin County SALES BY NEIGHBORHOOD AVG SALES PRICE DAYS ON MARKET AVAILABLE LISTINGSSOLD ABOVE LISTED PRICE PRICE RANGE AVG SALES PRICE PRICE PER SF PRICE PER SF DAYS ON MARKET ABOVE LISTING PRICE AT LISTING PRICE OR LOWER CLOSED TRANSACTIONSCLOSEDTRANSACTIONS 0.6% 2021AUG 2022AUG ↓ SINGLE-FAMILY HOMES
$867,899 $722,387 20% $348 24% 79 -15% 35
HOBE SOUND $681,150 $810,248 -16% $330 18% 6 419% 113
JENSEN BEACH $784,618 $646,262 21% $349 25% 17 31% 24
HUTCHINSON ISLAND $4,500,000 N/A N/A $607 N/A 1 N/A 70
$402,764 $363,672 11% $281 27% 22 -51% 33 $500,000-$999,999 $777,884 $687,994 13% $317 17% 41 21% 28
<$500,000
MARTIN COUNTY
$1,554,000 $1,958,929 -21% $516 4% 15 7% 57
Martin County SUPPLY TIGHTENS AS SALES ACCELERATE
AVERAGE SALES PRICE
DAYS ON MARKET
The months of supply fell to just over two months as sales accelerated more than listing volume.
CONDOMINIUMS
Martin County BY NEIGHBORHOOD
SALES
<$500,000
HUTCHINSON ISLAND $531,988 $815,000 -35% $426 -22% 16 220% 25
$1MM-$2.99MM N/A $1,562,500 N/A N/A N/A 1 N/A N/A >$3MM N/A N/A N/A N/A N/A - N/A N/A
$299,067 $230,319 30% $254 43% 39 -9% 30 $500,000-$999,999 $659,980 $625,000 6% $460 -8% 5 400% 33
AUG 22 AUG 21 YOY% CHANGE AUG 22 CHANGEYOY% AUG 22 CHANGEYOY% AUG 22
$355,300 $349,556 2% $283 24% 45 -6% 31
AUG 22 AUG 21 YOY% CHANGE AUG 22 CHANGEYOY% AUG 22 YOY% CHANGE AUG 22
JENSEN BEACH $380,803 $367,000 4% $239 11% 3 200% 11
PALM CITY $241,250 $313,167 -23% $204 44% 4 -33% 7
STUART $242,882 $312,928 -22% $200 -1% 22 -33% 41
HOBE SOUND $251,967 $240,000 5% $200 33% 3 0% 12
MARTIN COUNTY
AVG SALES PRICE DAYS ON MARKET AVAILABLE LISTINGSSOLD ABOVE LISTED PRICE PRICE RANGE AVG SALES PRICE PRICE PER SF PRICE PER SF DAYS ON MARKET ABOVE LISTING PRICE AT LISTING PRICE OR LOWER CLOSED TRANSACTIONSCLOSEDTRANSACTIONS 7% 2021AUG 2022AUG ↓ CONDOMINIUMS
AVERAGE SALES PRICE
The median home price increased by nearly 5%, the region’s highest rate for single-family homes. Sales also increased by 11%.
DAYS ON MARKET
Indian River County
SINGLE-FAMILY HOMES
HOME PRICES INCREASE
AUG 22 AUG 21 YOY% CHANGE AUG 22 CHANGEYOY% AUG 22 YOY% CHANGE AUG 22 <$300,000 $240,147 $241,287 0% $197 14% 49 -52% 40 $300,000-$999,999 $464,849 $494,496 -6% $235 2% 176 20% 52 $1MM-$2.99MM $1,756,492 $1,552,898 13% $544 17% 20 25% 100 >$3MM N/A $4,462,500 N/A N/A N/A - N/A N/A AUG 22 AUG 21 YOY% CHANGE AUG 22 CHANGEYOY% AUG 22 CHANGEYOY% AUG 22 INDIAN RIVER COUNTY $525,349 $519,407 1% $253 8% 245 -9% 54 BARRIER ISLAND $1,729,035 $1,404,097 23% $560 28% 18 -55% 105 MAINLAND VERO BEACH $448,197 $370,709 21% $241 25% 118 -19% 61 SEBASTIAN/FELLSMERE $380,478 $336,232 13% $212 11% 52 49% 47 Indian River County SALES BY NEIGHBORHOOD AVG SALES PRICE DAYS ON MARKET AVAILABLE LISTINGSSOLD ABOVE LISTED PRICE PRICE RANGE AVG SALES PRICE PRICE PER SF PRICE PER SF DAYS ON MARKET ABOVE LISTING PRICE AT LISTING PRICE OR LOWER CLOSED TRANSACTIONSCLOSEDTRANSACTIONS 9% 2021AUG 2022AUG ↓ SINGLE-FAMILY HOMES
AVERAGE SALES PRICE
REMAIN STABLE
Indian River County
CONDOMINIUMS
DAYS ON INVENTORYMARKETLEVELS
For-sale inventory remained stable from last month while sales increased by 12%. Roughly 16% of sales were great than the asking price, slightly above July.
AUG 22 AUG 21 YOY% CHANGE AUG 22 CHANGEYOY% AUG 22 YOY% CHANGE AUG 22 <$300,000 $207,736 $180,484 15% $185 26% 56 -2% 57 $300,000-$999,999 $477,758 $507,167 -6% $322 17% 31 15% 55 $1MM-$2.99MM $1,644,600 $1,154,500 42% $926 115% 5 25% 28 >$3MM N/A N/A N/A N/A N/A - N/A N/A AUG 22 AUG 21 YOY% CHANGE AUG 22 CHANGEYOY% AUG 22 CHANGEYOY% AUG 22 INDIAN RIVER COUNTY $376,812 $324,990 16% $264 29% 92 5% 55 BARRIER ISLAND $834,382 $580,111 44% $544 77% 17 -37% 49 MAINLAND VERO BEACH $254,756 $216,385 18% $195 28% 64 31% 58 SEBASTIAN/FELLSMERE $261,633 $237,475 10% $199 7% 3 -25% 65 Indian River County SALES BY NEIGHBORHOOD AVG SALES PRICE DAYS ON MARKET AVAILABLE LISTINGSSOLD ABOVE LISTED PRICE PRICE RANGE AVG SALES PRICE PRICE PER SF PRICE PER SF DAYS ON MARKET ABOVE LISTING PRICE AT LISTING PRICE OR LOWER CLOSED TRANSACTIONSCLOSEDTRANSACTIONS 2%2021AUG 2022AUG ↓ CONDOMINIUMS
SINGLE-FAMILY HOMES
The median price increased to reach a record level in August. Additionally, sales volume increased by 10%.
AVERAGE SALES PRICE
Brevard County MEDIAN PRICE INCREASES
DAYS ON MARKET
BREVARD COUNTY
Brevard
COCOA BEACH $871,927 $789,427 10% $441 30% 15 0% 25
MIMS $446,938 $336,775 33% $229 23% 11 -15% 21
PALM BAY $344,959 $279,979 23% $197 20% 270 2% 17
ROCKLEDGE $509,562 $449,558 13% $235 11% 64 -6% 19
County AUG 22 AUG 21 YOY% CHANGE AUG 22 CHANGEYOY% AUG 22 CHANGEYOY% AUG 22
COCOA $332,966 $260,333 28% $210 22% 85 -3% 12
GRANT $445,711 $562,833 -21% $223 -15% 12 100% 10
SATELLITE BEACH & INDIAN HARBOUR BEACH $629,300 $611,670 3% $324 15% 35 -19% 20
TITUSVILLE $342,180 $283,698 21% $196 22% 71 -17% 21
AUG 22 AUG 21 YOY% CHANGE AUG 22 CHANGEYOY% AUG 22 YOY% CHANGE AUG 22 <$300,000 $247,872 $236,183 5% $192 17% 209 -52% 15 $300,000-$999,999 $476,248 $468,001 2% $237 10% 645 17% 17 >$1MM $1,726,065 $1,723,705 0% $527 38% 33 74% 33 >$3MM $6,693,125 $5,821,409 15% $1,059 6% 16 -41% 165 AVG SALES PRICE DAYS ON MARKET PRICE RANGE PRICE PER SF CLOSED TRANSACTIONS
MALABAR
MELBOURNE BEACH $1,524,810 $836,083 82% $515 55% 21 -9% 32
AVAILABLE LISTINGS
MERRITT ISLAND $621,219 $495,246 25% $260 15% 52 -20% 19
WEST MELBOURNE $502,833 $386,088 30% $240 40% 6 -78% 10
SOLD ABOVE LISTED PRICE
INDIALANTIC $686,644 $670,625 2% $366 11% 16 33% 20
$602,250 $537,000 12% $266 15% 6 -14% 28
ABOVE LISTING PRICE AT LISTING PRICE ORAVGLOWERSALESPRICE PRICE PER SF DAYS ON MARKETCLOSED TRANSACTIONS 4%2021AUG ↓2022AUG
SINGLE-FAMILY HOMES SALES BY NEIGHBORHOOD
$468,935 $391,942 20% $237 20% 887 -12% 17
MELBOURNE $496,294 $426,212 16% $241 21% 212 -25% 15
DAYS ON MARKET
Brevard County SALES REBOUND STRONGLY
AVERAGE SALES PRICE
Condo sales rebounded in August by 35% compared with one month ago. Along with this strong recovery, 14% of units sold above the list price.
CONDOMINIUMS
WEST MELBOURNE $179,333 $174,900 3% $154 0% 3 200% 3 3% $352 59 24 $1,385,000 -16% $461 11% 5 0% 14 15% $1,059 6% 165
AUG 22 AUG 21 YOY% CHANGE AUG 22 CHANGEYOY% AUG 22 YOY% CHANGE AUG 22 <$300,000 $197,887 $174,338 14% $194 10% 93 -18% 18 $300,000-$999,999 $548,307 $532,363
MIMS N/A N/A N/A N/A N/A - N/A N/A
SATELLITE BEACH & INDIAN HARBOUR BEACH $571,821 $436,921 31% $390 33% 14 -26% 18
SALES BY NEIGHBORHOOD
$137,750 $225,333 -39% $148 -4% 6 100% 26
MALABAR N/A N/A N/A N/A N/A - N/A N/A
-19%
MELBOURNE BEACH $525,000 $829,400 -37% $317 -2% 1 -80% 67
$360,161 $341,990 5% $262 14% 157 -18% 20
PALM BAY
COCOA $293,292 $244,143 20% $217 29% 12 71% 10
GRANT N/A N/A N/A N/A N/A - N/A N/A
AVAILABLE LISTINGS
$218,554 $298,565 -27% $190 3% 25 -42% 17
>$3MM $6,693,125 $5,821,409
BREVARD COUNTY
TITUSVILLE $268,553 $184,536 46% $177 25% 17 21% 27
17%
>$1MM $1,158,350
MERRITT ISLAND $203,250 $227,653 -11% $172 -5% 8 -47% 30
AVG SALES PRICE DAYS ON MARKET PRICE RANGE PRICE PER SF CLOSED TRANSACTIONS CONDOMINIUMS
INDIALANTIC $656,000 $600,506 9% $351 12% 4 -78% 21
ABOVE LISTING PRICE AT LISTING PRICE ORAVGLOWERSALESPRICE PRICE PER SF DAYS ON MARKETCLOSED TRANSACTIONS 0.3%2021AUG ↓2022AUG
MELBOURNE
SOLD ABOVE LISTED PRICE
16 -41%
Brevard
COCOA BEACH $548,284 $437,087 25% $384 24% 27 -7% 20
County AUG 22 AUG 21 YOY% CHANGE AUG 22 CHANGEYOY% AUG 22 CHANGEYOY% AUG 22
ROCKLEDGE $295,836 $217,844 36% $186 16% 17 89% 9
RESIDENTIAL
St. Johns County remained the highest-priced county in the region even as the average price decreased slightly from last month. The pace of sales began to recover from July, increasing by 6% in August.
PRICING STILL OUTPACES REGION AS SALES MOVE HIGHER
St. Johns County
DAYS ON MARKET
AVERAGE SALES PRICE
PRICE RANGE
SALES BY NEIGHBORHOOD
SOUTHWEST ST JOHNS COUNTY $398,475 $360,183 11% $241 17% 28 -13% 34
<$500,000 $368,768 $340,701 8% $246 20% 442 -38% 31 $500,000-$999,999 $664,092 $666,301 0% $293 8% 365 22% 41 $1MM-$3MM $1,483,237 $1,559,351 -5% $453 11% 63 5% 46 >$3MM $3,919,800 N/A N/A $1,091 N/A 5 N/A 63
PONTE VEDRA BEACH $1,033,316 $851,730 21% $427 36% 62 -13% 40
ST. JOHNS COUNTY
ST AUGUSTINE/VILANO BEACH $590,829 $490,660 20% $284 29% 42 -25% 43
WORLD GOLF VILLAGE AREA/PALENCIA $556,322 $458,888 21% $237 18% 85 -38% 42
JULINGTON CREEK AREA
AVG SALES PRICE DAYS ON MARKET
NOCATEE $829,277 $591,020 40% $317 32% 58 -8% 32
SOUTHEAST ST JOHNS COUNTY
ST JOHNS $588,817 $517,587 14% $251 24% 99 -5% 40
SOLD ABOVE LISTED PRICE
AVAILABLE LISTINGS
$603,301 $574,805 5% $362 15% 65 -29% 41
AUG 22 AUG 21 YOY% CHANGE AUG 22 CHANGEYOY% AUG 22 YOY% CHANGE AUG 22
ABOVE LISTING PRICE AT LISTING PRICE ORAVGLOWERSALESPRICE PRICE PER SF DAYS ON MARKETCLOSED TRANSACTIONS 12% 2021AUG ↓ 2022AUG St. Johns County AUG 22 AUG 21 YOY% CHANGE AUG 22 CHANGEYOY% AUG 22 CHANGEYOY% AUG 22
$592,494 $499,873 19% $286 21% 875 -18% 36
ST AUGUSTINE BEACHES/ANASTASIA ISLAND $425,939 $319,681 33% $248 30% 85 -11% 40
PRICE PER SF CLOSED TRANSACTIONS RESIDENTIAL
$603,322 $476,894 27% $238 22% 87 -28% 29
The number of closed sales increased by 9% compared with the previous month, one of the largest gains in the region.
AVERAGE SALES PRICE
Duval County THE PACE OF SALES IMPROVES
RESIDENTIAL
DAYS ON MARKET
SALES BY NEIGHBORHOOD
NOCATEE (DUVAL) $416,851 $389,610 7% $235 23% 17 240% 39
AVAILABLE LISTINGS
SOUTHSIDE $310,568 $279,771 11% $198 17% 158 -36% 30 WEST JACKSONVILLE $283,037 $240,773 18% $178 18% 272 -27% 35
AVG SALES PRICE DAYS ON MARKET
SOLD ABOVE LISTED PRICE
AUG 22 AUG 21 YOY% CHANGE AUG 22 CHANGEYOY% AUG 22 YOY% CHANGE AUG 22
ABOVE LISTING PRICE AT LISTING PRICE ORAVGLOWERSALESPRICE PRICE PER SF DAYS ON MARKETCLOSED TRANSACTIONS 25% 2021AUG ↓ 2022AUG
$177,458 $148,421 20% $135 30% 118 -25% 39
INTRACOASTAL $554,392 $420,319 32% $258 26% 138 -28% 36
DOWNTOWN JACKSONVILLE
DUVAL COUNTY
BEAUCLERC/MANDARIN
$463,309 $372,122 25% $219 21% 109 -36% 32
PRICE RANGE
SAN MARCO/SAN JOSE $471,281 $367,859 28% $230 24% 55 -19% 44
NORTH JACKSONVILLE $328,140 $296,751 11% $181 21% 130 -24% 39
BARTRAM $351,736 $310,460 13% $202 19% 36 -45% 30
County AUG 22 AUG 21 YOY% CHANGE AUG 22 CHANGEYOY% AUG 22 CHANGEYOY% AUG 22
AVONDALE/RIVERSIDE/ORTEGA
BEACHES $696,018 $630,693 10% $399 18% 72 -27% 38
Duval
ARLINGTON/FORT CAROLINE
<$500,000 $291,429 $264,669 10% $190 17% 1,135 -35% 35 $500,000-$999,999 $678,199 $642,836 6% $291 14% 165 -8% 36
$1MM-$3MM $1,512,949 $1,454,350 4% $439 -13% 32 60% 48 >$3MM $3,430,000 $3,949,000 -13% $1,990 223% 1 -67% 23
$370,982 $317,661 17% $210 20% 1,333 -31% 36
PRICE PER SF CLOSED TRANSACTIONS RESIDENTIAL
$287,498 $277,790 3% $188 23% 113 -31% 44
$537,590 $406,693 32% $281 21% 40 -37% 33
PRICE INCREASES
Clay County
Sales volume slowed modestly in August though the average price increased by 3%. For single-family homes, the average sale spent just over a month on the market.
RESIDENTIAL
AVERAGE SALES PRICE
DAYS ON MARKET
SOLD ABOVE LISTED PRICE
$439,616 $299,597 47% $209 31% 33 -15% 35
$395,180 $309,714 28% $193 22% 342 -26% 35
<$500,000 $336,873 $297,419 13% $190 21% 285 -36% 34
AVAILABLE LISTINGS
$500,000-$999,999 $625,844 $614,347 2% $202 -3% 51 183% 35
SALES BY NEIGHBORHOOD
$511,630 $393,900 30% $202 13% 45 -348% 35
FLEMING ISLAND
GREEN COVE SPRINGS
MIDDLEBURG/KEYSTONE $365,111 $287,400 27% $195 21% 78 -38% 33
OAKLEAF PLANTATION $415,749 $288,127 44% $182 20% 56 -44% 39
PRICE PER SF CLOSED TRANSACTIONS RESIDENTIAL
PRICE RANGE
CLAY COUNTY
ABOVE LISTING PRICE AT LISTING PRICE ORAVGLOWERSALESPRICE PRICE PER SF DAYS ON MARKETCLOSED TRANSACTIONS 9%2021AUG ↓2022AUG Clay County AUG 22 AUG 21 YOY% CHANGE AUG 22 CHANGEYOY% AUG 22 CHANGEYOY% AUG 22
AUG 22 AUG 21 YOY% CHANGE AUG 22 CHANGEYOY% AUG 22 YOY% CHANGE AUG 22
$1MM-$3MM $1,204,167 N/A N/A $259 N/A 6 N/A 64 >$3MM N/A N/A N/A N/A N/A - N/A N/A
AVG SALES PRICE DAYS ON MARKET
ORANGE PARK $319,281 $289,886 10% $187 25% 68 -15% 41
RESIDENTIAL
DAYS ON MARKET
Nassau County SALES REBOUND
AVERAGE SALES PRICE
Home sales rebounded by 10% in August, the greatest increase in the region. The median price per square foot reached a new high of roughly $236 per square foot.
PRICE
RANGE PRICE PER SF CLOSED TRANSACTIONS RESIDENTIAL
SALES BY NEIGHBORHOOD AVAILABLE LISTINGSSOLD ABOVE LISTED PRICE ABOVE LISTING PRICE AT LISTING PRICE ORAVGLOWERSALESPRICE PRICE PER SF DAYS ON MARKETCLOSED TRANSACTIONS 16%2021AUG ↓2022AUG Nassau County AUG 22 AUG 21 YOY% CHANGE AUG 22 CHANGEYOY% AUG 22 CHANGEYOY% AUG 22 NASSAU COUNTY $569,728 $521,490 9% $275 12% 307 -16% 41 AMELIA ISLAND/FERNANDINA BEACH $796,023 $690,852 15% $360 12% 94 -28% 40 YULEE/WILDLIGHT $378,941 $329,973 15% $194 4% 44 -24% 55 AUG 22 AUG 21 YOY% CHANGE AUG 22 CHANGEYOY% AUG 22 YOY% CHANGE AUG 22 <$500,000 $370,707 $321,612 15% $216 14% 189 -27% 40 $500,000-$999,999 $688,121 $648,530 6% $316 4% 97 14% 45 $1MM-$3MM $1,747,256 $1,467,363 19% $591 2% 20 25% 33 >$3MM $3,150,000 $4,860,833 -35% $1,034 11% 1 -83% 1 AVG SALES PRICE DAYS ON MARKET
RESIDENTIAL
DAYS ON MARKET
Flagler County PRICING REACHES RECORD LEVEL
AVERAGE SALES PRICE
The average price increased by 4% in August, reaching a new record high. Sales also increased by 6% from July.
SALES BY NEIGHBORHOOD
PRICE
AVAILABLE LISTINGS
ABOVE LISTING PRICE AT LISTING PRICE ORAVGLOWERSALESPRICE PRICE PER SF DAYS ON MARKETCLOSED TRANSACTIONS 17%2021AUG ↓2022AUG Flagler County AUG 22 AUG 21 YOY% CHANGE AUG 22 CHANGEYOY% AUG 22 CHANGEYOY% AUG 22 FLAGLER COUNTY $487,153 $392,101 24% $250 24% 416 1% 30 BUNNELL $307,749 $260,128 18% $184 13% 16 33% 28 FLAGLER BEACH $630,627 $556,375 13% $414 56% 19 -5% 33 PALM COAST $467,828 $371,727 26% $234 21% 227 -11% 31 AUG 22 AUG 21 YOY% CHANGE AUG 22 CHANGEYOY% AUG 22 YOY% CHANGE AUG 22 <$500,000 $359,226 $309,648 16% $212 15% 308 -10% 32 $500,000-$999,999 $681,215 $667,547 2% $325 16% 84 40% 27 $1MM-$3MM $1,449,667 $1,559,300 -7% $473 47% 24 140% 23 >$3MM N/A N/A N/A N/A N/A - N/A N/A AVG SALES PRICE DAYS ON MARKET
RANGE PRICE PER SF CLOSED TRANSACTIONS RESIDENTIAL
SOLD ABOVE LISTED PRICE
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