Page 3 - William Raveis June 2019 Market Report
P. 3

LUXURY MARKET $1M+ (WEST OF 41)
            PORT ROYAL TO BONITA BEACH ROAD – SINGLE FAMILY PROPERTIES

            CLOSED SALES
            •   The number of closed sales in the 12 months ending June 30, 2019 for the luxury market from Port
               Royal to Bonita Beach Road area decreased 18% year-over-year (364 vs 443).

            NEW LISTINGS / INVENTORY
            •   During the 12 months ending June 30, 2019, a total of 636 new listings were added to the market,
               this is approximately 2% less listings than the same time period 12 months ening June 30, 2018.
            •   Available inventory as of June 30, 2019 consisted of 398 units, an increase of 6% vs the same time
               period in 2018. Current inventory represents 13 months of supply based on current absorption rates.

            AVERAGE & MEDIAN SALES PRICE
            •   The year-over-year average sales price for the area was $3,691,473, which increased 12% vs the
               same time period in 2018.
            •   The median sales price for the area increased 63% to $3,250,000 vs $2,000,000 in 2018.


            LUXURY MARKET $1M+ (WEST OF 41)

            PORT ROYAL TO BONITA BEACH ROAD - CONDOMINIUMS
            CLOSED SALES
            •   The number of closed sales in the 12 months ending June 30, 2019 for the luxury market from Port
               Royal to Bonita Beach Road area decreased 18% year-over-year (364 vs 443).

            NEW LISTINGS / INVENTORY
            •   During the 12 months ending June 30, 2019, a total of 636 new listings were added to the market,
               a decrease of 2% vs the same time period, 12 months ending June 30, 2018.
            •   Available inventory as of June 30, 2019 consisted of 337 units, an increase of 16% vs the
               same time period in 2018. 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 $2,020,741, an increase of 7% vs the same
               time period in 2018.
            •   The median sales price for the area decreased 1% to $1,750,000 vs $1,775,000 in 2018.




















        * The source of this market data is the Southwest Florida MLS, Copyright 2019. Accuracy of this information is reliable but not guaranteed.
                Anyone who chooses to use this information to make market decisions should have this data independently verified.
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