Page 3 - Grey Oaks Sept 2019 Market Report

MANAGED BY

REAL ESTATE

GREY OAKS – SINGLE FAMILY PROPERTIES

CLOSED SALES
• The number of closed sales in the 12 months ending September 30, 2019 for the Grey Oaks
Community decreased 34% year-over-year (38 vs 58).
• There were 0 closed sales, priced above two million, in September 2019 compared to 0 in
September 2018. During the 12 months ending September 30, 2019, sales in this category
decreased 38% over the same time period in 2018 (20 vs 32).

NEW LISTINGS / INVENTORY
• During the 12 months ending September 30, 2019, a total of 87 new listings were added to the
market, this is 2% more listings than the same time period 12 months ending September 30, 2018.
• Available inventory as of September 30, 2019 consisted of 52 units, an increase of 13% over the
same time period in 2018. Current inventory represents 19 months of supply based on current
absorption rates; indicating a buyer’s market.

AVERAGE & MEDIAN SALES PRICE
• The year-over-year average sales price was $2,075,965 which decreased by 15% compared to the
same time period in 2018.
• The median sales price decreased 11% to $2,030,295 vs $2,286,666 in 2018.

GREY OAKS – CONDOMINIUMS

CLOSED SALES
• The number of closed sales in the 12 months ending September 30, 2019 for the Grey Oaks
Community remained the same year-over-year (15 vs 15).
• There were no closed sales, priced above one million in September 2019. During the 12 months
ending September 30, 2019, sales in this category increased 25% over the same time period in
2018 (5 vs 4 units).
NEW LISTINGS / INVENTORY
• During the 12 months ending September 30, 2019, a total of 20 new listings were added to
the market, this is 11% more than the same time period 12 months ending September 30, 2018.
• Available inventory as of September 30, 2019 consisted of 6 units, a decrease of 40% vs the same
time period in 2018. Current inventory represents 8 months of supply based on current absorption
rate; indicating a buyer’s market.

AVERAGE & MEDIAN SALES PRICE
• The year-over-year average sales price was $822,462, a decrease of 23% vs the same time period
in 2018.
• The median sales price decreased 16% to $832,613 vs 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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