PORT ROYAL to BONITA BEACH ROAD AREA

Single-Family Properties

• The number of closed sales in the 12 months ending December 31, 2022 for the luxury market from Port Royal to Bonita Beach Road Area decreased 36% year-overyear (420 vs 658).

NEW LISTINGS / INVENTORY

• During the 12 months ending December 31, 2022, a total of 792 new listings were added to the market, a decrease of 24% compared to the same time period 12 months ending December 31, 2021.

• Available inventory as of December 31, 2022 consisted of 316 units, a 80% increase vs the same time period in 2021 (316 vs 176). 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 $5,165,473 an increase of 6% vs the same time period in 2021.

• The median sales price for the area in December 2022 decreased 16% to $3,250,000 vs December 2021.