Page 3 - William Raveis June 2019 Market Report Dustin Beard

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 ending 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.