Page 3 - William Raveis January 2019 Market Report

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 January 31, 2019 for the luxury market from
Port Royal to Bonita Beach Road area improved 11% year-over-year (373 vs 337).

NEW LISTINGS / INVENTORY
• During the 12 months ending January 31, 2019, a total of 658 new listings were added to the
market, this is approximately 4% more listings than the same time period 12 months ending
January 31, 2018.
• Available inventory as of January 31, 2019 consisted of 468 units, an increase of 1% vs the same time
period in 2018. Current inventory represents 15 months of supply based on current absorption rates.

AVERAGE & MEDIAN SALES PRICE
• The year-over-year average sales price for the area was $3,707,500, which increased 22% vs the
same time period in 2018.
• The median sales price for the area increased 51% to $3,000,000 vs 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 January 31, 2019 for the luxury market from
Port Royal to Bonita Beach Road area decreased 15% year-over-year (366 vs 431).

NEW LISTINGS / INVENTORY
• During the 12 months ending January 31, 2019, a total of 648 new listings were added to the
market, an increase of approximately 3% vs the same time period, 12 months ending January 31,
2018.
• Available inventory as of January 31, 2019 consisted of 430 units, an increase of 13% vs the
same time period in 2018. Current inventory represents 14 months of supply based on current
absorption rates.

AVERAGE & MEDIAN SALES PRICE
• The year-over-year average sales price for the area was $1,966,589, an increase of 5% vs the same
time period in 2018.
• The median sales price for the area increased 11% to $1,950,000 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.