Page 3 - Grey Oaks July 2019 Market Report

MANAGED BY

REAL ESTATE

GREY OAKS – SINGLE FAMILY PROPERTIES

CLOSED SALES
• The number of closed sales in the 12 months ending July 31, 2019 for the Grey Oaks
Community decreased 34% year-over-year (39 vs 59).
• There were 2 closed sales, priced above two million, in July 2019 compared to 1 in July 2018.
During the 12 months ending July 31, 2019, sales in this category decreased 53% over the same
time period in 2018 (16 vs 34).

NEW LISTINGS / INVENTORY
• During the 12 months ending July 31, 2019, a total of 80 new listings were added to the market,
this is 8% less listings than the same time period 12 months ending July 31, 2018.
• Available inventory as of July 31, 2019 consisted of 45 units, the same amount of inventory as the
same time period in 2018. Current inventory represents 14 months of supply based on current
absorption rates; indicating a buyer’s market.

AVERAGE & MEDIAN SALES PRICE
• The year-over-year average sales price was $1,940,850 which decreased by 25% compared to the
same time period in 2018.
• The median sales price decreased 25% to $1,904,854 vs $2,537,708 in 2018.

GREY OAKS – CONDOMINIUMS

CLOSED SALES
• The number of closed sales in the 12 months ending July 31, 2019 for the Grey Oaks Community
increased 31% year-over-year (17 vs 13).
• There are no closed sales, priced above one million in July 2019. The same as July 2018. During the
12 months ending July 31, 2019, sales in this category increased 250% over the same time period in
2018 (7 vs 2 units).
NEW LISTINGS / INVENTORY
• During the 12 months ending July 31, 2019, a total of 20 new listings were added to
the market, this is 11% more than the same time period 12 months ending July 31, 2018.
• Available inventory as of July 31, 2019 consisted of 8 units, a decrease of 38% vs the same time
period in 2018. Current inventory represents 6 months of supply based on current absorption rate;
indicating a balanced market.

AVERAGE & MEDIAN SALES PRICE
• The year-over-year average sales price was $1,005,189, an increase of 5% vs the same time period
in 2018.
• The median sales price increased 18% to $1,015,341 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.
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