Page 3 - William Raveis August 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 August 31, 2019 for the luxury market from
               Port Royal to Bonita Beach Road area increased 4% year-over-year (369 vs 355).

            NEW LISTINGS / INVENTORY
            •   During the 12 months ending August 31, 2019, a total of 652 new listings were added to the
               market, this is approximately 7% more listings than the same time period 12 months ending
               August 31, 2018.
            •   Available inventory as of August 31, 2019 consisted of 333 units, a decrease of 3% 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 $3,822,571, which increased 18% vs the
               same time period in 2018.
            •   The median sales price for the area increased 16% to $2,756,979 vs $2,378,125 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 August 31, 2019 for the luxury market from
               Port Royal to Bonita Beach Road area decreased 14% year-over-year (379 vs 441).

            NEW LISTINGS / INVENTORY
            •   During the 12 months ending August 31, 2019, a total of 627 new listings were added to the
               market, a decrease of 3% vs the same time period, 12 months ending August 31, 2018.
            •   Available inventory as of August 31, 2019 consisted of 283 units, an increase of 1% vs the
               same time period in 2018. Current inventory represents 9 months of supply based on current
               absorption rates.

            AVERAGE & MEDIAN SALES PRICE
            •   The year-over-year average sales price for the area was $2,002,974, an increase of 6% vs the same
               time period in 2018.
            •   The median sales price for the area decreased 1% to $1,630,313 vs $1,620,167 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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