PORT ROYAL to BONITA BEACH ROAD AREA

Single-Family Properties

• The number of closed sales in the 12 months ending February 28, 2023 for the luxury market from Port Royal to Bonita Beach Road Area decreased 27% year-overyear (439 vs 600).

NEW LISTINGS / INVENTORY

• During the 12 months ending February 28, 2023, a total of 859 new listings were added to the market, an increase of 37% compared to the same time period 12 months ending February 28, 2022.

• Available inventory as of February 28, 2023 consisted of 428 units, a 70% increase vs the same time period in 2022 (428 vs 252). 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 $4,976,936 a decrease of 4% vs the same time period in 2022.

• The median sales price for the area in February 2023 decreased 28% to $3,586,571 vs February 2022.