Page 3 - William Raveis July 2019 Market Report Dustin

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 July 31, 2019 for the luxury market from Port
Royal to Bonita Beach Road area increased 3% year-over-year (374 vs 362).

NEW LISTINGS / INVENTORY
• During the 12 months ending July 31, 2019, a total of 658 new listings were added to the market,
this is approximately 7% more listings than the same time period 12 months ending July 31, 2018.
• Available inventory as of July 31, 2019 consisted of 359 units, an increase of 1% vs the same time
period in 2018. Current inventory represents 12 months of supply based on current absorption rates.

AVERAGE & MEDIAN SALES PRICE
• The year-over-year average sales price for the area was $3,722,552, which increased 14% vs the
same time period in 2018.
• The median sales price for the area increased 16% to $2,786,354 vs $2,407,083 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 July 31, 2019 for the luxury market from Port
Royal to Bonita Beach Road area decreased 18% year-over-year (372 vs 438).

NEW LISTINGS / INVENTORY
• During the 12 months ending July 31, 2019, a total of 642 new listings were added to the market, a
decrease of 1% vs the same time period, 12 months ending July 31, 2018.
• Available inventory as of July 31, 2019 consisted of 305 units, an increase of 11% vs the
same time period in 2018. Current inventory represents 10 months of supply based on current
absorption rates.

AVERAGE & MEDIAN SALES PRICE
• The year-over-year average sales price for the area was $2,003,813, an increase of 5% vs the same
time period in 2018.
• The median sales price for the area decreased 1% to $1,629,542 vs $1,628,958 in 2018.