TODAY’S REAL ESTATE ALONG FLORIDA’S EAST COAST
MARKET REPORT SEPTEMBER 2023 FEATURED PROPERTY: 9261 SCHOOL HOUSE RD, CORAL GABLES
TRENDS
CONTENTS 04 10 16 06 12 17 08 14 18 19 20 Miami-Dade County Martin County St. Johns County Broward County Indian River County Duval County Palm Beach County Brevard County Clay County Nassau County Flagler County
©2023 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. Situated along the beautiful coastline of South Brickell, with exquisite bayfront views, an on-property private marina, and an exclusive fine dining restaurant by Michelin-starred chef Fabio Trabocchi. The St. Regis Residences, Miami offer a lifetime of legendary moments - a place where the history and heritage of a timeless brand enables a signature way of life, propelled by impeccable service, world-class design and unparalleled connoisseurship. PRICED FROM $ 3 . 5 M The St. Regis Residences, Miami SCHEDULE A PRIVATE PREVIEW 1809 Brickell Avenue, Miami, Florida 33129 Sales@MiamiSRR.com | +1 786 712 3495 | MiamiSRR.com Sales Gallery Now Open | By Appointment Only
Sales Gallery Now Open | Priced from $3.85M 2406 SE 17th Street, Fort Lauderdale, FL 33316 (954) 393-0537 Residences@PierSixtySix.com PierSixtySixResidences.com Own the Waterfront Discover a curated collection of 91 condominium residences overlooking Fort Lauderdale’s legendary marina and Intracoastal waterways. Obtain the Property Report required by Federal Law and read it before signing anything. No Federal or State agency has endorsed or judged the merits of value, if any, of this property. This is not an offer to sell or solicitation to buy real estate in any jurisdiction where prohibited by law. Products and availability are subject to change without notice. Improvements, facilities and programs may be in formative stages and cannot be guaranteed. Artist renderings are for illustrative purposes only and may differ from completed products.
MIAMI-DADE COUNTY
SINGLE-FAMILY HOMES | PRICE APPRECIATION
The median price surged by 8% compared to the previous year, while the median price per square foot has seen a 12% rise, reflecting the continued appreciation of property values. Active listings have increased by 6%, providing more options for potential buyers.
Neighborhood Snapshots
MARKET DATA FOR SINGLE-FAMILY HOMES, $1,000,000+ *ALL PERCENTAGES REFLECT YEAR OVER YEAR CHANGE. 1.7M 74 1,605 187 695 MEDIAN SALES PRICE AVERAGE DAYS ON MARKET ACTIVE LISTINGS SOLD LISTINGS MEDIAN PPSF ↑ 8 % ↑ 63% ↑ 12 % 0 % ↑ 6%
MEDIAN SALES PRICE MEDIAN PRICE PER SF CLOSED SALES AVERAGE DAYS ON MARKET AUG 23 AUG 22 YOY% CHANGE AUG 23 YOY% CHANGE AUG 23 YOY% CHANGE AUG 23 AVENTURA $2,805,000 N/A N/A $816 N/A 1 -67% 28 BAL HARBOUR N/A N/A N/A N/A N/A - N/A N/A BAY HARBOR ISLANDS $3,075,000 $6,150,000 -50% $1,033 -30% 2 0% 47 COCONUT GROVE $2,888,500 N/A N/A $1,289 N/A 4 N/A 62 CORAL GABLES $1,535,000 $1,600,000 -4% $806 9% 21 -9% 73 GOLDEN BEACH N/A $25,000,000 N/A N/A N/A - N/A N/A INDIAN CREEK N/A N/A N/A N/A N/A - N/A N/A KEY BISCAYNE N/A $5,935,000 N/A N/A N/A - N/A N/A MIAMI $1,505,000 $1,320,000 14% $578 21% 46 -6% 62 MIAMI BEACH $3,000,000 $3,012,500 0% $1,134 17% 25 56% 121 MIAMI SHORES $1,315,000 $1,800,000 -27% $707 3% 11 57% 49 NORTH BAY VILLAGE $1,375,000 $1,069,750 29% $650 26% 1 0% 56 PINECREST $2,550,000 $2,450,000 4% $812 32% 15 67% 44 SOUTH MIAMI $1,525,000 $1,309,500 16% $681 -9% 5 -29% 69 SUNNY ISLES BEACH N/A $1,200,000 N/A N/A N/A - N/A N/A SURFSIDE $1,375,000 $1,745,000 -21% $766 6% 3 -25% 43
$ $
MIAMI-DADE COUNTY
CONDOMINIUMS | SALES ON THE RISE
In August, sold listings saw an uptick of 17% compared to a year ago. The median price per square foot for a condo in Miami-Dade County increased by 2% from last month, bringing it to the highest in the region.
Neighborhood Snapshots
1,887 153 914 MEDIAN SALES PRICE AVERAGE DAYS ON MARKET ACTIVE LISTINGS SOLD LISTINGS MEDIAN PPSF ↑ 13 % ↑ 13 % ↑ 8 % ↑ 17% ↑ 4%
1.7M 107
MEDIAN SALES PRICE MEDIAN PRICE PER SF CLOSED SALES AVERAGE DAYS ON MARKET AUG 23 AUG 22 YOY% CHANGE AUG 23 YOY% CHANGE AUG 23 YOY% CHANGE AUG 23 AVENTURA $1,550,000 $1,450,000 7% $517 -7% 11 38% 108 BAL HARBOUR $2,300,000 $2,800,000 -18% $1,058 -18% 11 120% 183 BAY HARBOR ISLANDS $1,700,000 $1,100,000 55% $640 -23% 3 200% 72 BRICKELL/DOWNTOWN MIAMI/EDGEWATER $1,260,000 $1,249,500 1% $869 13% 30 0% 105 COCONUT GROVE $2,100,000 $2,275,000 -8% $860 -27% 4 100% 30 CORAL GABLES $1,550,000 $1,350,000 15% $622 27% 3 200% 61 FISHER ISLAND N/A N/A N/A N/A N/A - N/A N/A GOLDEN BEACH N/A N/A N/A N/A N/A - N/A N/A INDIAN CREEK N/A N/A N/A N/A N/A - N/A N/A KEY BISCAYNE $1,775,000 $1,400,000 27% $862 -7% 9 -18% 65 MIAMI $1,250,000 $1,242,500 1% $861 15% 17 70% 70 MIAMI BEACH $1,925,000 $1,700,000 13% $1,218 1% 40 48% 103 MIAMI SHORES N/A N/A N/A N/A N/A - N/A N/A NORTH BAY VILLAGE N/A N/A N/A N/A N/A - N/A N/A SOUTH MIAMI N/A N/A N/A N/A N/A - N/A N/A SUNNY ISLES BEACH $2,700,000 $1,500,000 80% $1,206 52% 17 -37% 136 SURFSIDE $18,500,000 $1,800,000 928% $4,229 333% 1 -67% 70
$ $ *ALL PERCENTAGES REFLECT YEAR OVER YEAR CHANGE. MARKET DATA FOR
CONDOMINIUMS, $1,000,000+
BROWARD COUNTY
SINGLE-FAMILY HOMES | SALES INCREASE
Transaction volume increased by 11% from the same month last year, reaching the third-highest monthly total during the past year.
Neighborhood Snapshots
1.4M 69 1,037 184 436 MEDIAN SALES PRICE AVERAGE DAYS ON MARKET ACTIVE LISTINGS SOLD LISTINGS MEDIAN PPSF ↓ 1% ↑ 33% ↑ 1% ↑ 11% ↑ 1%
MEDIAN SALES PRICE MEDIAN PRICE PER SF CLOSED SALES AVERAGE DAYS ON MARKET AUG 23 AUG 22 YOY% CHANGE AUG 23 YOY% CHANGE AUG 23 YOY% CHANGE AUG 23 COOPER CITY $1,200,100 $1,200,000 0% $372 -1% 11 120% 49 CORAL SPRINGS $1,272,500 $1,255,000 1% $344 -8% 4 -33% 50 DAVIE $1,770,875 $1,512,500 17% $408 -1% 12 0% 62 DEERFIELD BEACH $2,250,000 $1,750,000 29% $574 -10% 1 -75% 71 FORT LAUDERDALE $1,875,000 $1,865,000 1% $723 -3% 43 -4% 111 HALLANDALE $2,850,000 $3,275,000 -13% $665 -47% 1 -50% 41 HILLSBORO BEACH N/A N/A N/A N/A N/A - N/A N/A HOLLYWOOD $1,225,000 $1,100,000 11% $412 -19% 9 125% 136 LAUDERDALE-BY-THE-SEA N/A $1,387,500 N/A N/A N/A - N/A N/A LIGHTHOUSE POINT $2,529,538 $1,812,000 40% $706 -6% 8 100% 46 MIRAMAR $1,250,000 $1,600,000 -22% $322 -40% 9 200% 48 PARKLAND $1,355,000 $1,325,000 2% $374 -1% 39 18% 47 PEMBROKE PINES $1,200,000 $1,150,000 4% $337 13% 1 -50% 60 PLANTATION $1,175,000 $1,118,750 5% $372 -7% 9 -10% 64 POMPANO BEACH $1,212,500 $1,450,000 -16% $624 -27% 8 60% 71 SOUTHWEST RANCHES $2,025,000 $1,800,000 13% $734 64% 3 200% 22 SUNRISE N/A N/A N/A N/A N/A - N/A N/A WESTON $1,180,000 $1,255,000 -6% $394 1% 19 -10% 50 WILTON MANORS $1,750,000 $1,417,500 23% $845 14% 1 -50% 6
$ $
*ALL PERCENTAGES REFLECT YEAR OVER YEAR CHANGE.
MARKET DATA FOR SINGLE-FAMILY HOMES, $1,000,000+
BROWARD COUNTY
CONDOMINIUMS | DAYS ON MARKET DECREASE
$1,000,000+ MEDIAN PPSF
Neighborhood Snapshots
SALES
732 ↑ 29%
1.3M 45 411 36 ↓ 13% ↓ 51% 0% ↓ 8%
MEDIAN SALES PRICE MEDIAN PRICE PER SF CLOSED SALES AVERAGE DAYS ON MARKET AUG 23 AUG 22 YOY% CHANGE AUG 23 YOY% CHANGE AUG 23 YOY% CHANGE AUG 23 DEERFIELD BEACH $1,200,000 N/A N/A $881 N/A 1 N/A 23 FORT LAUDERDALE $1,412,500 $1,550,000 -9% $760 -2% 22 -15% 42 HALLANDALE $1,250,000 N/A N/A $701 N/A 7 N/A 60 HILLSBORO BEACH $1,000,000 $1,175,000 -15% $441 -42% 1 0% 106 HOLLYWOOD $1,285,000 $1,250,000 3% $643 9% 2 -71% 64 LAUDERDALE-BY-THE-SEA $1,550,000 $1,697,500 -9% $1,023 79% 1 -50% 6 LIGHTHOUSE POINT N/A N/A N/A N/A N/A - N/A N/A POMPANO BEACH $1,275,000 $1,219,500 5% $698 47% 2 0% 10 WILTON MANORS N/A N/A N/A N/A N/A - N/A N/A
MARKET DATA FOR CONDOMINIUMS,
*ALL PERCENTAGES REFLECT YEAR OVER YEAR CHANGE.
MEDIAN
Compared with last year, the average number of days on market in Broward County decreased by more than 50%. Averaging 45 days, time on market is one of the lowest in the region. PRICE AVERAGE DAYS ON MARKET ACTIVE LISTINGS SOLD LISTINGS
$ $
PALM BEACH COUNTY
SINGLE-FAMILY HOMES | SALES ACCELERATE
The total number of sales increased by 17% from last year, while the median price decreased by 3%. Homes remain on the market for roughly twice as long as last year.
Neighborhood Snapshots
72 1,440 254 532 MEDIAN SALES PRICE AVERAGE DAYS ON MARKET ACTIVE LISTINGS SOLD LISTINGS MEDIAN PPSF ↓ 3 % ↑ 80% ↑ 6 % ↑ 17 % ↑ 10%
1.6M
MEDIAN SALES PRICE MEDIAN PRICE PER SF CLOSED SALES AVERAGE DAYS ON MARKET AUG 23 AUG 22 YOY% CHANGE AUG 23 YOY% CHANGE AUG 23 YOY% CHANGE AUG 23 BOCA RATON $1,687,500 $1,600,000 5% $535 5% 80 21% 55 BOYNTON BEACH $1,225,000 $1,250,000 -2% $379 4% 17 42% 77 DELRAY BEACH $1,775,000 $1,400,000 27% $533 21% 29 26% 51 HIGHLAND BEACH N/A $9,550,000 N/A N/A N/A - N/A N/A JUNO BEACH $2,250,000 $1,395,000 61% $845 49% 3 200% 89 JUPITER $1,400,000 $1,786,500 -22% $544 -4% 38 52% 80 JUPITER INLET COLONY N/A N/A N/A N/A N/A - N/A N/A LAKE PARK N/A N/A N/A N/A N/A - N/A N/A LAKE WORTH $1,518,750 $1,177,500 29% $338 -9% 2 -50% 68 LANTANA $3,525,000 N/A N/A $1,069 N/A 4 N/A 80 NORTH PALM BEACH $1,217,500 $2,567,500 -53% $697 2% 2 -67% 2 MANALAPAN N/A N/A N/A N/A N/A - N/A N/A PALM BEACH N/A $15,174,875 N/A N/A N/A - N/A N/A PALM BEACH GARDENS $1,672,495 $1,830,000 -9% $507 -13% 38 31% 73 SINGER ISLAND N/A $2,675,000 N/A N/A N/A - N/A N/A TEQUESTA $1,775,000 N/A N/A $932 N/A 4 N/A 63 WELLINGTON $1,560,000 $1,456,500 7% $427 17% 13 -19% 102 WEST PALM BEACH $1,368,500 $1,605,000 -15% $698 24% 14 -13% 148
$ $ MARKET DATA FOR SINGLE-FAMILY HOMES, $1,000,000+ *ALL PERCENTAGES REFLECT YEAR OVER YEAR CHANGE.
PALM BEACH COUNTY
CONDOMINIUMS | INVENTORY UP YEAR-OVER-YEAR
For-sale inventory remained higher than one year ago; however, active listings decreased from last month. Though still higher than last year, the average time on market also fell from the prior month.
Neighborhood Snapshots
1.6M 69 458 52 890 MEDIAN SALES PRICE AVERAGE DAYS ON MARKET ACTIVE LISTINGS SOLD LISTINGS MEDIAN PPSF ↓ 13 % ↑ 42% ↑ 9% ↓ 5 % ↑ 24%
MEDIAN SALES PRICE MEDIAN PRICE PER SF CLOSED SALES AVERAGE DAYS ON MARKET AUG 23 AUG 22 YOY% CHANGE AUG 23 YOY% CHANGE AUG 23 YOY% CHANGE AUG 23 BOCA RATON $2,250,000 $1,888,226 19% $1,007 23% 11 0% 99 BOYNTON BEACH N/A N/A N/A N/A N/A - N/A N/A DELRAY BEACH $1,215,000 $1,674,000 -27% $737 -3% 5 -38% 46 HIGHLAND BEACH $1,280,000 $1,212,500 6% $689 -4% 8 33% 74 JUNO BEACH $1,625,000 N/A N/A $651 N/A 3 -40% 101 JUPITER $1,320,000 $2,050,000 -36% $731 -20% 2 -50% 32 JUPITER INLET COLONY N/A N/A N/A N/A N/A - N/A N/A LAKE PARK N/A N/A N/A N/A N/A - N/A N/A LAKE WORTH N/A N/A N/A N/A N/A - N/A N/A LANTANA N/A N/A N/A N/A N/A - N/A N/A NORTH PALM BEACH $1,375,000 $2,500,000 -45% $529 -44% 2 100% 69 MANALAPAN N/A N/A N/A N/A N/A - N/A N/A PALM BEACH $1,606,500 $2,050,000 -22% $1,667 49% 3 -77% 43 PALM BEACH GARDENS $2,925,000 $2,850,000 3% $941 12% 2 100% 4 SINGER ISLAND $2,400,000 N/A N/A $964 N/A 4 N/A 164 TEQUESTA N/A $2,600,000 N/A N/A N/A - N/A N/A WELLINGTON N/A $1,045,000 N/A N/A N/A - N/A N/A WEST PALM BEACH $4,431,225 $1,295,000 242% $1,513 152% 10 900% 26
$ $ MARKET DATA FOR
*ALL PERCENTAGES REFLECT YEAR OVER YEAR CHANGE.
CONDOMINIUMS, $1,000,000+
MARTIN COUNTY
SINGLE-FAMILY HOMES | MARKET STAYS STABLE
Inventory remained relatively stable over the past year even as sales decreased. The median price increased only by 1%.
Neighborhood Snapshots
850K 58 154
MEDIAN SALES PRICE AVERAGE DAYS ON MARKET ACTIVE LISTINGS SOLD LISTINGS MEDIAN PPSF ↑ 1% ↑ 54% ↑ 4 % ↓ 14 % ↑ 5%
51 350
MEDIAN SALES PRICE MEDIAN PRICE PER SF CLOSED SALES AVERAGE DAYS ON MARKET AUG 23 AUG 22 YOY% CHANGE AUG 23 YOY% CHANGE AUG 23 YOY% CHANGE AUG 23 HOBE SOUND $667,500 $860,000 -22% $350 8% 5 67% 27 HUTCHINSON ISLAND $2,230,000 $4,500,000 -50% $529 -13% 1 0% 139 JENSEN BEACH $685,000 $792,500 -14% $326 5% 6 -50% 38 JUPITER ISLAND $4,900,000 N/A N/A $1,550 N/A 1 N/A 154 PALM CITY $886,000 $820,000 8% $326 7% 32 -14% 62 SEWALL'S POINT $1,237,500 $1,630,000 -24% $418 -20% 5 25% 48 STUART $1,057,500 $753,000 40% $361 6% 22 22% 70
$ $ *ALL PERCENTAGES REFLECT YEAR OVER YEAR CHANGE. MARKET DATA FOR SINGLE-FAMILY HOMES, $500,000+
MARTIN COUNTY
DATA FOR CONDOMINIUMS, $500,000+
CONDOMINIUMS | SALES VOLUME UP
The number of sales doubled from last year, albeit within the small segment of condos priced greater than $500,000. The average time on market increased further to nearly three months.
465 MEDIAN PPSF
↓ 11% ↑ 148% ↓ 4 % ↑ 100 %
Neighborhood Snapshots
↑ 3 %
$ MEDIAN SALES PRICE MEDIAN PRICE PER SF CLOSED SALES AVERAGE DAYS ON MARKET AUG 23 AUG 22 YOY% CHANGE AUG 23 YOY% CHANGE AUG 23 YOY% CHANGE AUG 23 HOBE SOUND N/A N/A N/A N/A N/A - N/A N/A HUTCHINSON ISLAND $610,000 $675,000 -10% $477 -1% 9 50% 104 JENSEN BEACH N/A N/A N/A N/A N/A - N/A N/A JUPITER ISLAND N/A N/A N/A N/A N/A - N/A N/A PALM CITY N/A N/A N/A N/A N/A - N/A N/A SEWALL'S POINT N/A N/A N/A N/A N/A - N/A N/A STUART $701,250 N/A N/A $375 N/A 2 N/A 88 *ALL PERCENTAGES REFLECT YEAR OVER YEAR CHANGE. MARKET
598K 93 32 12 MEDIAN SALES PRICE AVERAGE DAYS ON MARKET ACTIVE LISTINGS SOLD LISTINGS
$
INDIAN RIVER COUNTY
SINGLE-FAMILY HOMES | INVENTORY ON THE RISE
Active listings for homes priced above $500,000 increased by 49% from last year. At the same time, the average days on the market for sold homes increased by 25%.
Neighborhood Snapshots
785K 83 401 54 308 MEDIAN SALES PRICE AVERAGE DAYS ON MARKET ACTIVE LISTINGS SOLD LISTINGS MEDIAN PPSF ↑ 4 % ↑ 25% ↑ 2 % ↓ 18 % ↑ 49%
MEDIAN SALES PRICE MEDIAN PRICE PER SF CLOSED SALES AVERAGE DAYS ON MARKET AUG 23 AUG 22 YOY% CHANGE AUG 23 YOY% CHANGE AUG 23 YOY% CHANGE AUG 23 BARRIER ISLAND $1,240,000 $1,360,000 -9% $412 -25% 17 -6% 114 MAINLAND VERO BEACH $600,000 $643,750 -7% $275 -1% 24 -14% 72 SEBASTIAN/FELLSMERE $575,000 $725,387 -21% $264 -12% 3 -50% 84
$ $ MARKET DATA FOR SINGLE-FAMILY HOMES, $500,000+ *ALL PERCENTAGES REFLECT YEAR OVER YEAR CHANGE.
INDIAN RIVER COUNTY
CONDOMINIUMS | HIGHER SALES PRICE
The median price of condos increased by 13% in the last year. However, sales fell in August.
Neighborhood Snapshots
985K 67 95 6 438 MEDIAN SALES PRICE AVERAGE DAYS ON MARKET ACTIVE LISTINGS SOLD LISTINGS MEDIAN PPSF ↑ 13 % ↑ 67% ↓ 19 % ↓ 57 % ↑ 36%
MEDIAN SALES PRICE MEDIAN PRICE PER SF CLOSED SALES AVERAGE DAYS ON MARKET AUG 23 AUG 22 YOY% CHANGE AUG 23 YOY% CHANGE AUG 23 YOY% CHANGE AUG 23 BARRIER ISLAND $1,750,000 $880,000 99% $678 3% 2 -82% 89 MAINLAND VERO BEACH $800,000 $625,000 28% $358 38% 4 100% 57 SEBASTIAN/FELLSMERE N/A N/A N/A N/A N/A - N/A N/A
$ $ *ALL PERCENTAGES REFLECT YEAR OVER YEAR CHANGE. MARKET DATA FOR CONDOMINIUMS, $500,000+
BREVARD COUNTY
SINGLE-FAMILY HOMES | BUYER COMPETITION INCREASES
Competition increased with 20% of homes sold above the asking price. This is the largest share of homes selling at a premium compared to neighboring counties.
Neighborhood Snapshots
641K 35 557 220 288 MEDIAN SALES PRICE AVERAGE DAYS ON MARKET ACTIVE LISTINGS SOLD LISTINGS MEDIAN PPSF ↓ 4 % ↑ 74 % ↑ 2 % ↓ 11% ↑ 14%
MEDIAN SALES PRICE MEDIAN PRICE PER SF CLOSED SALES AVERAGE DAYS ON MARKET AUG 23 AUG 22 YOY% CHANGE AUG 23 YOY% CHANGE AUG 23 YOY% CHANGE AUG 23 COCOA $750,000 $675,000 11% $290 -8% 2 -50% 50 COCOA BEACH $1,050,000 $851,000 23% $504 14% 11 -21% 47 GRANT $610,000 $576,250 6% $271 -4% 9 125% 92 INDIALANTIC $800,000 $615,000 30% $369 13% 17 31% 30 MALABAR $669,900 $625,000 7% $301 0% 3 -40% 14 MELBOURNE $638,313 $677,500 -6% $270 0% 75 -4% 25 MELBOURNE BEACH $744,375 $1,000,000 -26% $408 1% 10 -52% 55 MERRITT ISLAND $717,000 $649,990 10% $335 32% 24 -27% 58 MIMS $710,000 $637,450 11% $249 -10% 3 -25% 120 PALM BAY $545,000 $521,321 5% $204 -2% 13 0% 34 ROCKLEDGE $759,000 $722,500 5% $302 20% 15 -21% 24 SATELLITE BEACH & INDIAN HARBOUR BEACH $622,500 $685,000 -9% $343 0% 20 -13% 28 TITUSVILLE $575,500 $558,000 3% $236 8% 8 0% 11 WEST MELBOURNE $510,000 $554,000 -8% $231 -2% 7 133% 16
$ $ MARKET DATA FOR SINGLE-FAMILY HOMES, $500,000+ *ALL PERCENTAGES REFLECT YEAR OVER YEAR CHANGE.
BREVARD COUNTY
CONDOMINIUMS | SALES VOLUME RECOVERING
$ $
398 MEDIAN PPSF
SALES PRICE ↓ 14 % ↑ 190% ↑ 7 % ↓ 5%
MARKET DATA FOR CONDOMINIUMS, $500,000+ *ALL PERCENTAGES REFLECT YEAR OVER YEAR CHANGE.
Neighborhood Snapshots
↑ 36%
MEDIAN SALES PRICE MEDIAN PRICE PER SF CLOSED SALES AVERAGE DAYS ON MARKET AUG 23 AUG 22 YOY% CHANGE AUG 23 YOY% CHANGE AUG 23 YOY% CHANGE AUG 23 COCOA N/A $650,000 N/A N/A N/A - N/A N/A COCOA BEACH $614,950 $670,000 -8% $451 10% 12 -8% 61 GRANT N/A N/A N/A N/A N/A - N/A N/A INDIALANTIC $555,000 $750,000 -26% $370 1% 2 -33% 27 MALABAR N/A N/A N/A N/A N/A - N/A N/A MELBOURNE $820,000 $580,000 41% $287 7% 3 200% 26 MELBOURNE BEACH $780,000 $525,000 49% $499 58% 5 400% 89 MERRITT ISLAND N/A N/A N/A N/A N/A - N/A N/A PALM BAY N/A N/A N/A N/A N/A - N/A N/A ROCKLEDGE N/A $720,000 N/A N/A N/A - N/A N/A SATELLITE BEACH & INDIAN HARBOUR BEACH $700,000 $705,000 -1% $424 -6% 1 -88% 121 TITUSVILLE $544,900 $575,000 -5% $303 12% 9 200% 50 WEST MELBOURNE N/A N/A N/A N/A N/A - N/A N/A
The number of condos sold in August rebounded after dropping the last two months. The number of units closed was on par with one year ago. MEDIAN
590K 63 174 37 AVERAGE DAYS ON MARKET ACTIVE LISTINGS SOLD LISTINGS
ST. JOHNS COUNTY
ALL RESIDENTIAL | MEDIAN PRICE INCREASES
The median price increased by 4% from last year even as the number of sales fell. With fewer sales than a year ago, the average time on market also increased.
Neighborhood Snapshots
710K
ACTIVE LISTINGS SOLD
MEDIAN PPSF
69% ↑ 6 % ↓ 19 % ↓ 7 %
71 434 352 290 MEDIAN SALES PRICE AVERAGE DAYS ON MARKET
LISTINGS
↑ 4% ↑
MEDIAN SALES PRICE MEDIAN PRICE PER SF CLOSED SALES AVERAGE DAYS ON MARKET AUG 23 AUG 22 YOY% CHANGE AUG 23 YOY% CHANGE AUG 23 YOY% CHANGE AUG 23 JULINGTON CREEK AREA $699,300 $667,450 5% $253 4% 55 -2% 65 NOCATEE $830,000 $780,760 6% $334 3% 41 -20% 36 PONTE VEDRA BEACH $1,200,000 $997,500 20% $421 10% 37 -20% 65 SOUTHEAST ST JOHNS COUNTY $687,000 $734,495 -6% $467 6% 27 -21% 75 ST AUGUSTINE BEACHES/ANASTASIA ISLAND $603,500 $555,000 9% $305 24% 2 -85% 45 ST JOHNS $692,756 $655,523 6% $246 -1% 49 -18% 104 SOUTHWEST ST JOHNS COUNTY $689,000 $525,000 31% $259 2% 5 0% 68 ST AUGUSTINE/VILANO BEACH $687,500 $654,500 5% $307 12% 19 -21% 79 WORLD GOLF VILLAGE AREA/PALENCIA $637,950 $590,000 8% $234 -1% 44 -14% 81
$ $ MARKET DATA FOR RESIDENTIAL PROPERTIES, $500,000+ *ALL PERCENTAGES REFLECT YEAR OVER YEAR CHANGE.
DUVAL COUNTY
ALL RESIDENTIAL | STILL COMPETITIVE
In August, 19% of homes sold closed above the list price, the highest share in the region.
Neighborhood Snapshots
652K
MEDIAN SALES PRICE AVERAGE DAYS ON MARKET ACTIVE LISTINGS SOLD LISTINGS MEDIAN PPSF ↓ 4 % ↑ 26% 0 % ↑ 7 % ↓ 5 %
48 197 220 283
MEDIAN SALES PRICE MEDIAN PRICE PER SF CLOSED SALES AVERAGE DAYS ON MARKET AUG 23 AUG 22 YOY% CHANGE AUG 23 YOY% CHANGE AUG 23 YOY% CHANGE AUG 23 ARLINGTON/FORT CAROLINE $556,500 $859,945 -35% $204 -19% 6 50% 45 AVONDALE/RIVERSIDE/ORTEGA $676,000 $619,500 9% $345 11% 18 13% 30 BARTRAM $538,000 $610,000 -12% $193 5% 6 500% 20 BEACHES $695,000 $750,000 -7% $403 -3% 44 -2% 49 BEAUCLERC/MANDARIN $595,000 $614,500 -3% $239 2% 18 -31% 45 DOWNTOWN JACKSONVILLE $620,000 $546,250 14% $198 -8% 1 -50% 85 INTRACOASTAL $737,500 $680,000 8% $292 3% 71 16% 51 NOCATEE (DUVAL) $557,000 $525,000 6% $181 -29% 1 0% 35 NORTH JACKSONVILLE $557,500 $524,000 6% $232 4% 10 100% 29 SAN MARCO/SAN JOSE $825,000 $692,500 19% $299 14% 11 -21% 51 SOUTHSIDE $595,000 $635,000 -6% $225 -14% 20 54% 56 WEST JACKSONVILLE $544,500 $579,900 -6% $204 12% 6 20% 81
$ $ MARKET DATA FOR RESIDENTIAL PROPERTIES, $500,000+ *ALL PERCENTAGES REFLECT YEAR OVER YEAR CHANGE.
CLAY COUNTY
ALL RESIDENTIAL | ACTIVITY SLOWS
Sales decreased by 12% and the median price by 6% from last year. The number of homes listed for sale also fell by 16%.
Neighborhood Snapshots
578K
MEDIAN SALES PRICE AVERAGE DAYS ON MARKET ACTIVE LISTINGS SOLD LISTINGS MEDIAN PPSF ↓ 6 % ↑ 44% ↓ 5 % ↓ 12% ↓ 16 %
55 54 50 191
MEDIAN SALES PRICE MEDIAN PRICE PER SF CLOSED SALES AVERAGE DAYS ON MARKET AUG 23 AUG 22 YOY% CHANGE AUG 23 YOY% CHANGE AUG 23 YOY% CHANGE AUG 23 FLEMING ISLAND $670,000 $590,000 14% $204 2% 14 -36% 37 GREEN COVE SPRINGS $595,000 $625,000 -5% $230 -6% 7 0% 51 MIDDLEBURG/KEYSTONE $625,450 $599,900 4% $201 -12% 10 43% 71 ORANGE PARK $600,000 $586,000 2% $188 5% 5 67% 71 OAKLEAF PLANTATION $534,500 $642,000 -17% $172 -1% 12 9% 63
$ $ MARKET DATA FOR RESIDENTIAL PROPERTIES, $500,000+ *ALL PERCENTAGES REFLECT YEAR OVER YEAR CHANGE.
NASSAU COUNTY
ALL RESIDENTIAL | HIGHEST MEDIAN PRICE IN THE REGION
Though the median price was unchanged from a year ago, Nassau County still has the highest median price among neighboring counties. Sales were up by 24% compared with last year.
Neighborhood Snapshots
740K 81 137 149 356 MEDIAN SALES PRICE AVERAGE DAYS ON MARKET ACTIVE LISTINGS SOLD LISTINGS MEDIAN PPSF 0 % ↑ 91% ↑ 17 % ↑ 24 % ↓ 14 %
MEDIAN SALES PRICE MEDIAN PRICE PER SF CLOSED SALES AVERAGE DAYS ON MARKET AUG 23 AUG 22 YOY% CHANGE AUG 23 YOY% CHANGE AUG 23 YOY% CHANGE AUG 23 AMELIA ISLAND/FERNANDINA BEACH $750,000 $795,000 -6% $380 14% 79 25% 74 YULEE/WILDLIGHT $568,000 $513,450 11% $231 0% 3 50% 65
$ $ MARKET DATA FOR RESIDENTIAL PROPERTIES, $500,000+ *ALL PERCENTAGES REFLECT YEAR OVER YEAR CHANGE.
FLAGLER COUNTY
ALL RESIDENTIAL | MORE HOMES FOR SALE
Active listings increased by 17% compared with last year, the only county in the region where inventory was higher.
Neighborhood Snapshots
670K 47 151 88 312 MEDIAN SALES PRICE AVERAGE DAYS ON MARKET ACTIVE LISTINGS SOLD LISTINGS MEDIAN PPSF ↓ 4 % ↑ 81% ↓ 6 % ↓ 22% ↑ 17 %
MEDIAN SALES PRICE MEDIAN PRICE PER SF CLOSED SALES AVERAGE DAYS ON MARKET AUG 23 AUG 22 YOY% CHANGE AUG 23 YOY% CHANGE AUG 23 YOY% CHANGE AUG 23 BUNNELL N/A N/A N/A N/A N/A - N/A N/A FLAGLER BEACH $660,000 $725,000 -9% $403 -15% 8 -33% 94 PALM COAST $760,000 $689,950 10% $331 7% 39 -25% 43
$ $ MARKET DATA FOR RESIDENTIAL PROPERTIES, $500,000+ *ALL PERCENTAGES REFLECT YEAR OVER YEAR CHANGE.
©2023 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. Located walking distance from the sands of Miami Beach and the waters of Biscayne Bay, the residences at Ella Miami Beach feature unique floor plans ranging from studios to two-bedrooms. NOW ACCEPTING CONTACTS | PRICED FROM $675,000 VISIT OUR SALES GALLERY T. 786.919.6940 | Hello@EllaMiamiBeach.com | EllaMiamiBeach.com A DISTINCTIVE COLLECTION OF ONLY 95 RESIDENCES SOUL-INSPIRED BY MIAMI BEACH’S GLAMOROUS HEYDAY. NOW ACCEPTING CONTRACTS
Situated within a luxurious residential enclave, The Village at Coral Gables features forty-eight distinctive homes which include Sophisticated Condominium Residences, Glamorous Townhomes, Expansive Lofts, and Private Villas. Developed by MG Developer, The Village at Coral Gables is a once-in-a-generation offering of residences in Miami’s most coveted neighborhood. IN THE HEART OF CORAL GABLES A BESPOKE COLLECTION OF NEW CONSTRUCTION RESIDENCES Townhome Residences Priced From $3.8M SCHEDULE A PRIVATE PREVIEW thevillageatcoralgables.com | sales@thevillageatcoralgables.com | 786.833.6398 @THEVILLAGEATCORALGABLES FOLLOW US ORAL REPRESENTATIONS CANNOT BE RELIED UPON AS CORRECTLY STATING THE 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. This is not intended to be an offer to sell, or solicitation of an offer to buy, condominium units to residents of CT, ID, NY, NJ and OR, unless registered or exemptions are available, or in any other jurisdiction where prohibited by law, and your eligibility for purchase will depend upon your state of residency. This offering is made only by the prospectus for the condominium and no statement should be relied upon if not made in the prospectus. The Developer (as is defined herein below) reserves the right to revise or modify, in its sole and absolute discretion, any or all improvements, designs and construction specifications depicted and all terms, conditions and statements made. All of the drawings, rendering, and photographs provided by Developer are conceptual only and are for the convenience of illustrating proposed development; said drawings, renderings and photographs should not be relied upon as representations, express or implied, of the final detail of the residences. All depictions of appliances, fixtures, counters, soffits, wall coverings, floor coverings, furnishings, closets, and other matters of detail, including, without limitation, items of finish and decoration, are conceptual only and are not necessarily the final finishes and details included with the purchase of a Unit. Consult your Purchase Agreement and the Prospectus for information on what is included with Unit purchases. The photographs contained in these materials and other brochures may be stock photography, or may have been taken off-site and are used to depict the spirit of the lifestyles to be achieved rather than any that may exist or that may be proposed, and the photographs are merely intended as illustrations of the activities and concepts depicted therein. No statements or representations have been made by Developer, or any of its agents, employees or representatives with respect to any potential for future profit, any future appreciation in value, investment opportunity potential, any rental income potential, the ability or willingness of Developer, or its affiliates, to assist any buyer in financing, renting (other than the existence of a voluntary rental program) or selling the Unit (except only in response to a direct inquiry from buyer), the economic or tax benefits to be derived from the managerial efforts of a third party as a result of renting the Unit or other units, or the economic or tax benefits to be derived from ownership of the Unit. The Developer, its agents, employees, and representatives are neither investment advisors nor tax advisors and any statement that may have been made should not be relied upon in your decision to purchase. Certain nearby attractions referenced or identified in these materials are off-site and not controlled by the Developer. The references to nearby attractions are based upon public information sources and are believed to be accurate as of the date of these materials or publication; however, there is no guarantee that such attractions will continue to exist, or that there would not be changes and/or substitutions of any of the same. The managing entities, operators, amenities and other features that may be referred to are accurate as of the date of these materials or publication; however, there is no guarantee that the managing entities, operators, amenities and other features that may be referred to will be involved at, or following, the completion of the Condominium. The Developer reserves the right to change any and all such managing entities, operators, amenities and other features that may be referred to as the Developer deems best for the Condominium in the Developer’s sole and absolute discretion. Dimensions and square footage of the Units are approximate and may vary with actual construction. The Condominium is being developed by Gables Village Propco LLC, a Delaware limited liability company (“Developer”). You will look solely to Developer with respect to any and all matters relating to the sales, marketing, and development of the Condominium or your purchase of a Unit in the Condominium. No real estate broker is authorized to make any representations or other statements regarding the project, and no agreements with, deposits paid to or other arrangements made with any real estate broker are or shall be binding on the Developer. All prices are subject to change at any time and without notice, and do not include optional features or premiums for upgraded units. From time to time, price changes may have occurred that are not yet reflected on these materials or other brochures. Please check with the Developer for the most current pricing. Concierge services that may be described are available to Unit owners who pay additional fees. Consult the Prospectus for the site plan and the location of the Unit you desire. Unless otherwise noted, this content is owned by Developer and the unauthorized reproduction, display or other dissemination of these or other materials is strictly prohibited and constitutes copyright infringement. Unless otherwise defined, capitalized terms used herein shall have the meanings ascribed to them in the Prospectus.
For unmatched real estate expertise © 2023 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 nor any of its affiliated companies. The information contained herein is deemed accurate but not guaranteed.
