Page 3 - William Raveis September 2019 Market Report

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

CLOSED SALES
• The number of closed sales in the 12 months ending September 30, 2019 for the luxury market
from Port Royal to Bonita Beach Area decreased 4% year-over-year (399 vs 416).

NEW LISTINGS / INVENTORY
• During the 12 months ending September 30, 2019, a total of 619 new listings were added to the
market, this is approximately 3% fewer listings than the same time period 12 months ending
September 30, 2018.
• Available inventory as of September 30, 2019 consisted of 436 units, a decrease of 3% 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 $3,508,154, which increased 11% vs the
same time period in 2018.
• The median sales price for the area increased 12% to $2,530,666 from $2,255,833.

LUXURY MARKET $1M+ (WEST OF 41)
PORT ROYAL TO BONITA BEACH AREA - CONDOMINIUMS
CLOSED SALES
• The number of closed sales in the 12 months ending September 30, 2019 for the luxury market
from Port Royal to Bonita Beach Area increased 18% year-over-year (337 vs 286).

NEW LISTINGS / INVENTORY
• During the 12 months ending September 30, 2019, a total of 477 new listings were added to the
market, a decrease of 9% vs the same time period 12 months ending September 30, 2018.
• Available inventory as of September 30, 2019 consisted of 354 units, an increase of 4% 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 $1,931,934, which remained unchanged vs.
the same time period in 2018.
• The median sales price for the area decreased 4% to $1,538,583 from $1,600,055.

* 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.