MARKET REPORT

JUNE 2023

FEATURED DEVELOPMENT:
THE VILLAGE AT CORAL GABLES

TRENDS
TODAY’S REAL ESTATE
ALONG FLORIDA’S EAST COAST
CONTENTS

04 Miami-Dade County

06 Broward County

08 Palm Beach County

10 Martin County

11 Indian River County

12 Brevard County

14 St. Johns County

15 Duval County

16 Clay County

17 Nassau County

18 Flagler County
 The St. Regis Residences, Miami
Situated along the beautiful coastline of South Brickell, with exquisite bayfront views, an on-property private marina,
and an exclusive fine dining restaurant by Michelin-starred chef Fabio Trabocchi. The St. Regis Residences, Miami
offer a lifetime of legendary moments - a place where the history and heritage of a timeless brand enables a signature
way of life, propelled by impeccable service, world-class design and unparalleled connoisseurship.

PRICED FROM $3.5M

SCHEDULE A PRIVATE PREVIEW

Sales Gallery Now Open | By Appointment Only

1809 Brickell Avenue, Miami, Florida 33129
Sales@MiamiSRR.com | +1 786 712 3495 | MiamiSRR.com

© 2023 ONE Sotheby’s International Realty. All rights reserved. Sotheby’s International Realty® and the Sotheby’s International Realty Logo are service marks licensed
to Sotheby’s International Realty Affiliates LLC and used with permission. ONE Sotheby’s International Realty fully supports the principles of the Fair Housing Act and
the Equal Opportunity Act. Each franchise is independently owned and operated. Any services or products provided by independently owned and operated franchisees
are not provided by, affiliated with or related to Sotheby’s International Realty Affiliates LLC or any of its affiliated companies. The information contained herein is deemed
accurate but not guaranteed. Oral representations cannot be relied upon as correctly stating the representations of the developer. For correct representations, reference
should be made to the documents required by section 718.503, Florida Statutes, to be furnished by a developer to a buyer or lessee.
Pricing subject to change without notice.
INTRODUCING ELLA MIAMI BEACH
A DISTINCTIVE COLLECTION OF ONLY 95 RESIDENCES
SOUL-INSPIRED BY MIAMI BEACH’S GLAMOROUS HEYDAY

Located walking distance from the sands of Miami Beach and the waters of
Biscayne Bay, the residences at Ella Miami Beach feature unique floor plans
ranging from studios to two-bedrooms.

NOW ACCEPTING RESERVATIONS | PRICED FROM $590,000

VISIT OUR SALES GALLERY

T. 786.919.6940 | Hello@EllaMiamiBeach.com | EllaMiamiBeach.com

© 2023 ONE Sotheby’s International Realty. All rights reserved. Sotheby’s International Realty® and the Sotheby’s International Realty Logo are service marks licensed
to Sotheby’s International Realty Affiliates LLC and used with permission. ONE Sotheby’s International Realty fully supports the principles of the Fair Housing Act and
the Equal Opportunity Act. Each franchise is independently owned and operated. Any services or products provided by independently owned and operated franchisees
are not provided by, affiliated with or related to Sotheby’s International Realty Affiliates LLC or any of its affiliated companies. The information contained herein is deemed
accurate but not guaranteed. Oral representations cannot be relied upon as correctly stating the representations of the developer. For correct representations, reference
should be made to the documents required by section 718.503, Florida Statutes, to be furnished by a developer to a buyer or lessee.
Pricing subject to change without notice.
MIAMI-DADE COUNTY $
1.6M
MEDIAN ↓11%
SALES PRICE
MARKET DATA FOR SINGLE-FAMILY HOMES, $1,000,000+

SINGLE-FAMILY HOMES | PRICING IS RECOVERING

81
AVERAGE DAYS ↑36%
Compared to last year, the median price of higher-priced homes was nearly ON MARKET
11% lower, but increased relative to April of this year. Approximately 12% of
homes sold in May transacted at a premium to the asking price.

$
710
MEDIAN ↑4%
PPSF

1,593
ACTIVE ↑37%
LISTINGS

230
SOLD ↓8%
LISTINGS

*ALL PERCENTAGES REFLECT YEAR

OVER YEAR CHANGE.

Neighborhood Snapshots
AVERAGE DAYS
MEDIAN SALES PRICE MEDIAN PRICE PER SF CLOSED SALES
ON MARKET
YOY% YOY%
MAY 23 MAY 22 YOY% CHANGE MAY 23 MAY 23 MAY23
CHANGE CHANGE
AVENTURA $3,746,588 $1,020,000 267% $583 68% 3 200% 80
BAL HARBOUR N/A N/A N/A N/A N/A - N/A N/A
BAY HARBOR ISLANDS N/A $4,100,000 N/A N/A N/A - N/A N/A
COCONUT GROVE $2,850,000 $3,029,000 -6% $606 -6% 17 55% 103
CORAL GABLES $1,637,500 $2,150,000 -24% $826 8% 36 0% 80
GOLDEN BEACH N/A N/A N/A N/A N/A - N/A N/A
INDIAN CREEK N/A N/A N/A N/A N/A - N/A N/A
KEY BISCAYNE $6,512,500 $4,100,000 59% $1,490 7% 4 -33% 53
MIAMI $1,550,000 $1,400,000 11% $649 25% 46 -33% 64
MIAMI BEACH $3,326,000 $4,700,000 -29% $1,171 -19% 24 -17% 127
MIAMI SHORES $1,293,000 $2,350,000 -45% $611 -27% 13 44% 67
NORTH BAY VILLAGE N/A $3,850,000 N/A N/A N/A - N/A N/A
PINECREST $2,200,000 $2,500,000 -12% $832 8% 21 -34% 68
SOUTH MIAMI $1,277,500 $1,202,500 6% $580 2% 6 50% 32
SUNNY ISLES BEACH $1,275,000 $2,400,000 -47% $775 0% 2 100% 115
SURFSIDE $1,320,000 $1,500,000 -12% $778 -4% 3 0% 81
MIAMI-DADE COUNTY $
1.5M
MEDIAN ↓3%
SALES PRICE
MARKET DATA FOR CONDOMINIUMS, $1,000,000+

CONDOMINIUMS | PRICING AND SALES DROP

101
AVERAGE DAYS ↑8%
The number of sold units priced above $1 million fell by 41% in
ON MARKET
May compared with one year ago. Additionally, the median price
decreased by 3% from last year.

$
914
MEDIAN ↑4%
PPSF

1,935
ACTIVE ↑23%
LISTINGS

185
SOLD ↓41%
LISTINGS

*ALL PERCENTAGES REFLECT YEAR

OVER YEAR CHANGE.

Neighborhood Snapshots
AVERAGE DAYS
MEDIAN SALES PRICE MEDIAN PRICE PER SF CLOSED SALES
ON MARKET
YOY% YOY%
MAY 23 MAY 22 YOY% CHANGE MAY 23 MAY 23 MAY23
CHANGE CHANGE
AVENTURA $1,350,000 $1,700,000 -21% $558 -14% 11 -52% 92
BAL HARBOUR $6,325,000 $2,350,000 169% $2,388 130% 10 -23% 58
BAY HARBOR ISLANDS $1,162,500 $1,312,500 -11% $664 3% 2 -50% 53
BRICKELL/DOWNTOWN MIAMI/EDGEWATER $1,300,000 $1,350,000 -4% $792 0% 37 -16% 122
COCONUT GROVE $1,700,000 $1,550,000 10% $1,416 45% 16 -27% 78
CORAL GABLES $2,200,000 $1,500,000 47% $831 25% 4 -56% 104
FISHER ISLAND $3,600,000 $9,400,000 -62% $1,312 -49% 1 0% 275
KEY BISCAYNE $2,472,500 $1,900,000 30% $1,008 11% 12 -43% 90
MIAMI $1,435,000 $1,254,500 14% $918 3% 15 -64% 81
MIAMI BEACH $1,600,000 $1,677,500 -5% $1,163 -2% 46 -36% 116
MIAMI SHORES N/A N/A N/A N/A N/A - N/A N/A
NORTH BAY VILLAGE $1,000,000 $1,425,000 -30% $525 -22% 1 -50% 80
SUNNY ISLES BEACH $1,525,000 $1,725,000 -12% $888 -1% 30 -38% 99
SURFSIDE N/A $1,100,000 N/A N/A N/A - N/A N/A
BROWARD COUNTY $
1.4M
MEDIAN ↓11%
SALES PRICE
MARKET DATA FOR SINGLE-FAMILY HOMES, $1,000,000+

SINGLE-FAMILY HOMES | PRICING AND SALES DECLINE

81
AVERAGE DAYS ↑112%
Sales of higher-priced homes fell by roughly one-fourth over the last year, ON MARKET
the largest drop in the region. The median price declined by 11% since
last year.

$
474
MEDIAN ↓4%
PPSF

1,046
ACTIVE ↑51%
LISTINGS

184
SOLD ↓24%
LISTINGS

*ALL PERCENTAGES REFLECT YEAR

OVER YEAR CHANGE.

Neighborhood Snapshots
AVERAGE DAYS
MEDIAN SALES PRICE MEDIAN PRICE PER SF CLOSED SALES
ON MARKET
YOY% YOY%
MAY 23 MAY 22 YOY% CHANGE MAY 23 MAY 23 MAY23
CHANGE CHANGE
COOPER CITY $1,275,000 $1,150,000 11% $354 1% 2 0% 24
CORAL SPRINGS $1,225,000 $1,217,500 1% $320 -19% 3 -25% 59
DAVIE $1,425,000 $1,700,000 -16% $366 -13% 19 -5% 115
DEERFIELD BEACH $1,550,000 $1,100,000 41% $711 33% 5 400% 53
FORT LAUDERDALE $2,120,000 $2,350,000 -10% $654 -13% 49 -27% 100
HALLANDALE $8,850,000 $3,750,000 136% $1,003 5% 1 -50% 71
HILLSBORO BEACH N/A N/A N/A N/A N/A - N/A N/A
HOLLYWOOD $1,640,000 $1,368,000 20% $601 1% 9 -18% 44
LAUDERDALE-BY-THE-SEA N/A $2,050,000 N/A N/A N/A - N/A N/A
LIGHTHOUSE POINT $1,833,063 $2,300,000 -20% $747 18% 12 71% 51
MIRAMAR $1,100,000 $1,180,000 -7% $311 -1% 5 -17% 42
PARKLAND $1,300,000 $1,372,500 -5% $364 -2% 32 -16% 66
PEMBROKE PINES $1,100,000 $1,051,000 5% $299 -11% 3 -70% 62
PLANTATION $1,337,500 $1,450,000 -8% $337 -14% 4 -56% 63
POMPANO BEACH $1,637,500 $1,515,000 8% $583 -29% 8 -43% 133
SOUTHWEST RANCHES $1,320,000 $2,175,000 -39% $544 16% 5 -50% 134
SUNRISE N/A N/A N/A N/A N/A - N/A N/A
WESTON $1,185,000 $1,325,000 -11% $378 1% 17 -39% 59
WILTON MANORS $1,275,000 $1,289,000 -1% $647 10% 6 0% 59
 $
1.4M
↓22%
BROWARD COUNTY
MEDIAN
SALES PRICE
MARKET DATA FOR CONDOMINIUMS, $1,000,000+

77
CONDOMINIUMS | SALES AND TIME ON MARKET FALL AVERAGE DAYS ↓45%
Condo sales fell by 26% compared with last year though units that did close ON MARKET
did so at a quicker pace. The average time on market was nearly half that of
May 2022.

$
689
MEDIAN ↓11%
PPSF

404
ACTIVE ↑51%
LISTINGS

61
SOLD ↓26%
LISTINGS

*ALL PERCENTAGES REFLECT YEAR

OVER YEAR CHANGE.

Neighborhood Snapshots
AVERAGE DAYS
MEDIAN SALES PRICE MEDIAN PRICE PER SF CLOSED SALES
ON MARKET
YOY% YOY%
MAY 23 MAY 22 YOY% CHANGE MAY 23 MAY 23 MAY23
CHANGE CHANGE
DEERFIELD BEACH N/A $1,300,000 N/A N/A N/A - N/A N/A
FORT LAUDERDALE $1,360,000 $2,300,000 -41% $672 -18% 37 -18% 76
HALLANDALE $1,275,000 $1,630,000 -22% $759 -3% 10 233% 97
HILLSBORO BEACH $1,245,000 $1,950,000 -36% $591 -10% 1 -67% 66
HOLLYWOOD $1,642,500 $1,665,200 -1% $709 -10% 4 -75% 63
LAUDERDALE-BY-THE-SEA $1,450,000 $1,595,000 -9% $579 7% 5 -29% 34
LIGHTHOUSE POINT N/A N/A N/A N/A N/A - N/A N/A
POMPANO BEACH $1,734,500 $1,730,000 0% $828 -5% 4 0% 114
WILTON MANORS N/A N/A N/A N/A N/A - N/A N/A
PALM BEACH COUNTY $
1.7M
MEDIAN ↑3%
SALES PRICE
MARKET DATA FOR SINGLE-FAMILY HOMES, $1,000,000+

SINGLE-FAMILY HOMES | MEDIAN PRICE MOVES HIGHER

72
AVERAGE DAYS ↑101%
The median price increased by nearly 3% from last year while sales ON MARKET
volume was flat. Sales of homes priced more than $5 million increased
by 84% compared with last year.

$
547
MEDIAN ↓2%
PPSF

1,565
ACTIVE ↑57%
LISTINGS

328
SOLD ↓1%
LISTINGS

*ALL PERCENTAGES REFLECT YEAR

OVER YEAR CHANGE.

Neighborhood Snapshots
AVERAGE DAYS
MEDIAN SALES PRICE MEDIAN PRICE PER SF CLOSED SALES
ON MARKET
YOY% YOY%
MAY 23 MAY 22 YOY% CHANGE MAY 23 MAY 23 MAY23
CHANGE CHANGE
BOCA RATON $1,700,000 $1,672,500 2% $525 5% 75 7% 75
BOYNTON BEACH $1,350,000 $1,289,500 5% $411 -2% 21 55% 39
DELRAY BEACH $1,782,500 $1,795,000 -1% $532 -14% 46 0% 78
HIGHLAND BEACH N/A N/A N/A N/A N/A - N/A N/A
JUNO BEACH $1,165,000 $2,745,000 -58% $923 19% 1 -50% 1
JUPITER $1,825,000 $1,780,000 3% $553 -2% 46 -4% 74
JUPITER INLET COLONY N/A N/A N/A N/A N/A - N/A N/A
LAKE PARK N/A N/A N/A N/A N/A - N/A N/A
LAKE WORTH $1,212,500 $1,287,500 -6% $553 8% 3 -25% 52
LANTANA $6,660,000 $1,700,000 292% $1,208 72% 2 0% 81
NORTH PALM BEACH $3,050,000 $3,137,500 -3% $869 -7% 13 225% 59
MANALAPAN N/A N/A N/A N/A N/A - N/A N/A
PALM BEACH $9,600,000 $15,800,000 -39% $2,949 -17% 9 -10% 145
PALM BEACH GARDENS $1,800,000 $1,531,219 18% $516 7% 53 33% 58
SINGER ISLAND N/A $1,350,000 N/A N/A N/A - N/A N/A
TEQUESTA $1,267,500 $2,900,000 -56% $376 -68% 2 -33% 26
WELLINGTON $2,225,000 $1,987,500 12% $657 12% 22 -27% 110
WEST PALM BEACH $1,777,750 $1,777,777 0% $610 -25% 19 -30% 103
PALM BEACH COUNTY $
1.8M
MEDIAN ↑14%
SALES PRICE
MARKET DATA FOR CONDOMINIUMS, $1,000,000+

CONDOMINIUMS | STRONG PRICE GAINS

80
AVERAGE DAYS ↑101%
The median price per unit increased by 14% from the previous year ON MARKET
and 5% from April. Sales volume slowed, but remained elevated
compared to the beginning of the year.

$
799
MEDIAN ↓8%
PPSF

533
ACTIVE ↑80%
LISTINGS

99
SOLD ↓23%
LISTINGS

*ALL PERCENTAGES REFLECT YEAR

OVER YEAR CHANGE.

Neighborhood Snapshots
AVERAGE DAYS
MEDIAN SALES PRICE MEDIAN PRICE PER SF CLOSED SALES
ON MARKET
YOY% YOY%
MAY 23 MAY 22 YOY% CHANGE MAY 23 MAY 23 MAY23
CHANGE CHANGE
BOCA RATON $1,487,000 $2,025,000 -27% $1,487,000 -10% 26 4% 84
BOYNTON BEACH $1,125,000 $1,300,000 -13% $683 -16% 3 0% 77
DELRAY BEACH $1,290,000 $1,700,000 -24% $693 -17% 12 9% 85
HIGHLAND BEACH $1,800,000 $1,424,500 26% $639 -9% 5 -69% 183
JUNO BEACH $1,650,000 $1,889,000 -13% $867 6% 4 100% 35
JUPITER $1,900,000 $1,960,000 -3% $880 -3% 7 -22% 48
JUPITER INLET COLONY N/A N/A N/A N/A N/A - N/A N/A
LAKE PARK N/A N/A N/A N/A N/A - N/A N/A
LAKE WORTH N/A N/A N/A N/A N/A - N/A N/A
LANTANA N/A N/A N/A N/A N/A - N/A N/A
NORTH PALM BEACH $3,225,000 $1,572,800 105% $1,278 120% 2 -60% 15
MANALAPAN N/A N/A N/A N/A N/A - N/A N/A
PALM BEACH $2,210,000 $2,850,000 -22% $1,049 -26% 11 -56% 64

PALM BEACH GARDENS $1,200,000 $2,200,000 -45% $406 -49% 3 -25% 42

SINGER ISLAND $2,075,000 $1,335,000 55% $736 13% 5 -44% 139
TEQUESTA $5,442,500 $2,425,000 124% $1,634 36% 2 0% 87
WELLINGTON $1,225,000 $1,357,500 -10% $573 0% 4 100% 27
WEST PALM BEACH $1,951,314 $1,350,000 45% $1,040 19% 6 -25% 126
MARTIN COUNTY $
767K
MEDIAN ↓11%
MARKET DATA FOR SINGLE-FAMILY HOMES, $500,000+
SALES PRICE

SINGLE-FAMILY HOMES | SALES ACCELERATE, PRICING DECREASES

62
The number of sales increased by 11% compared with last year. Despite
the pick up in pace, the median price remained 11% lower than in 2022.
AVERAGE DAYS ↑77%
ON MARKET

$
327
MEDIAN ↓3%
PPSF

169
ACTIVE ↑54%
LISTINGS

70
SOLD ↑11%
LISTINGS

*ALL PERCENTAGES REFLECT YEAR

OVER YEAR CHANGE.

Neighborhood Snapshots
AVERAGE DAYS
MEDIAN SALES PRICE MEDIAN PRICE PER SF CLOSED SALES
ON MARKET
YOY% YOY%
MAY 23 MAY 22 YOY% CHANGE MAY 23 MAY 23 MAY23
CHANGE CHANGE
HOBE SOUND $770,000 $625,163 23% $348 17% 7 607% 39
HUTCHINSON ISLAND $2,000,000 $990,000 102% $575 49% 4 -33% 112
JENSEN BEACH $619,950 $570,000 9% $295 -1% 14 180% 54
JUPITER ISLAND $16,000,000 $35,500,000 -55% $2,642 -19% 1 0% 237
PALM CITY $727,000 $850,000 -14% $297 -6% 60 -2% 58
SEWALL'S POINT $927,000 $1,406,000 -34% $417 13% 4 0% 28
STUART $760,000 $815,000 -7% $383 11% 19 -10% 43
MARTIN COUNTY $
630K
MEDIAN ↓15%
MARKET DATA FOR CONDOMINIUMS, $500,000+
SALES PRICE

CONDOMINIUMS | SALES UP FROM LAST YEAR

50
Sales of higher-priced units increased from last year, though the
AVERAGE DAYS ↑174%
more than $500,000 segment is a small part of the overall condo
market. In this price range, few condos sell above the list price. ON MARKET

$
452
MEDIAN ↓12%
PPSF

34
ACTIVE ↑62%
LISTINGS

14
SOLD ↑17%
LISTINGS

*ALL PERCENTAGES REFLECT YEAR

OVER YEAR CHANGE.

Neighborhood Snapshots
AVERAGE DAYS
MEDIAN SALES PRICE MEDIAN PRICE PER SF CLOSED SALES
ON MARKET
YOY% YOY%
MAY 23 MAY 22 YOY% CHANGE MAY 23 MAY 23 MAY23
CHANGE CHANGE
HOBE SOUND N/A N/A N/A N/A N/A - N/A N/A
HUTCHINSON ISLAND $592,500 $737,500 -20% $452 -12% 8 -33% 58
JENSEN BEACH N/A N/A N/A N/A N/A - N/A N/A
PALM CITY $1,199,000 N/A N/A $491 N/A 1 N/A 124
STUART $660,000 N/A N/A $424 N/A 5 N/A 23
INDIAN RIVER COUNTY $
774K
MEDIAN ↓3%
MARKET DATA FOR SINGLE-FAMILY HOMES, $500,000+
SALES PRICE

SINGLE-FAMILY HOMES | SALES ACCELERATE TO NEW HEIGHTS

86
Sales increased by 40% compared with one year ago, the largest increase
AVERAGE DAYS ↑81%
among neighboring counties. May sales of homes priced greater than
$500,000 were the highest on record. ON MARKET

$
315
MEDIAN ↓3%
PPSF

362
ACTIVE ↑125%
LISTINGS

112
SOLD ↑40%
LISTINGS

*ALL PERCENTAGES REFLECT YEAR

OVER YEAR CHANGE.

Neighborhood Snapshots
AVERAGE DAYS
MEDIAN SALES PRICE MEDIAN PRICE PER SF CLOSED SALES
ON MARKET
YOY% YOY%
MAY 23 MAY 22 YOY% CHANGE MAY 23 MAY 23 MAY23
CHANGE CHANGE
BARRIER ISLAND $1,375,000 $2,392,829 -43% $458 -41% 42 35% 116
MAINLAND VERO BEACH $615,000 $600,000 2% $272 0% 40 21% 70
SEBASTIAN/FELLSMERE $570,000 $590,000 -3% $274 5% 5 0% 107
INDIAN RIVER COUNTY $
750K
MEDIAN ↑9%
MARKET DATA FOR CONDOMINIUMS, $500,000+
SALES PRICE

CONDOMINIUMS | SALES VOLUME INCREASES

82
Closed sales increased by 21% compared with one year ago. Though the
heightened pace is a welcome sign, few condos sold above the list price.
AVERAGE DAYS ↑248%
ON MARKET

$
418
MEDIAN ↑1%
PPSF

87
ACTIVE ↑89%
LISTINGS

29
SOLD ↑21%
LISTINGS

*ALL PERCENTAGES REFLECT YEAR

OVER YEAR CHANGE.

Neighborhood Snapshots
AVERAGE DAYS
MEDIAN SALES PRICE MEDIAN PRICE PER SF CLOSED SALES
ON MARKET
YOY% YOY%
MAY 23 MAY 22 YOY% CHANGE MAY 23 MAY 23 MAY23
CHANGE CHANGE
BARRIER ISLAND $910,000 $802,500 13% $466 -6% 21 5% 85
MAINLAND VERO BEACH $712,500 $577,450 23% $386 17% 6 50% 69
SEBASTIAN/FELLSMERE $590,000 N/A N/A $391 N/A 1 N/A 129
BREVARD COUNTY $
660K
MEDIAN 0%
MARKET DATA FOR SINGLE-FAMILY HOMES, $500,000+
SALES PRICE

SINGLE-FAMILY HOMES | PRICING STABLE

41
The median price of higher-priced homes was on par with last year,
one of the few counties in the region that avoided a decline in pricing.
AVERAGE DAYS ↑144%
For-sale inventory increased by 43%, one of the lowest increases in ON MARKET
Southeast Florida.

$
285
MEDIAN ↑2%
PPSF

436 ACTIVE ↑43%

LISTINGS

226
SOLD ↓15%
LISTINGS

*ALL PERCENTAGES REFLECT YEAR

OVER YEAR CHANGE.

Neighborhood Snapshots
AVERAGE DAYS
MEDIAN SALES PRICE MEDIAN PRICE PER SF CLOSED SALES
ON MARKET
YOY% YOY%
MAY 23 MAY 22 YOY% CHANGE MAY 23 MAY 23 MAY23
CHANGE CHANGE
COCOA $599,000 $580,000 3% $314 12% 5 -55% 46
COCOA BEACH $708,500 $657,000 8% $504 19% 7 -53% 41
GRANT $590,000 $645,000 -9% $254 -11% 2 100% 39
INDIALANTIC $802,500 $770,000 4% $342 -1% 16 0% 28
MALABAR $594,950 $549,900 8% $292 17% 2 -71% 93
MELBOURNE $652,000 $630,000 3% $275 4% 85 18% 32
MELBOURNE BEACH $807,500 $975,000 -17% $372 -13% 12 -29% 55
MERRITT ISLAND $625,000 $650,000 -4% $273 3% 39 -9% 69
MIMS $545,000 $686,858 -21% $255 1% 1 -86% 35
PALM BAY $594,900 $513,073 16% $226 13% 5 -38% 13
ROCKLEDGE $580,500 $673,250 -14% $281 3% 14 -36% 31
SATELLITE BEACH & INDIAN HARBOUR BEACH $727,500 $660,000 10% $339 1% 23 10% 45
TITUSVILLE $570,000 $710,000 -20% $198 -7% 8 -27% 44
WEST MELBOURNE $615,000 $580,000 6% $231 -2% 4 -56% 17
BREVARD COUNTY $
600K
MEDIAN ↓6%
MARKET DATA FOR CONDOMINIUMS, $500,000+
SALES PRICE

CONDOMINIUMS | MEDIAN PRICE FALLS

41
The median condo price decreased in May following a modest rebound in
April. The number of units sold at a premium increased to 10%. AVERAGE DAYS ↑46%
ON MARKET

$
412
MEDIAN ↓3%
PPSF

156
ACTIVE ↑68%
LISTINGS

41
SOLD ↓15%
LISTINGS

*ALL PERCENTAGES REFLECT YEAR

OVER YEAR CHANGE.

Neighborhood Snapshots
AVERAGE DAYS
MEDIAN SALES PRICE MEDIAN PRICE PER SF CLOSED SALES
ON MARKET
YOY% YOY%
MAY 23 MAY 22 YOY% CHANGE MAY 23 MAY 23 MAY23
CHANGE CHANGE
COCOA $535,000 N/A N/A $237 N/A 1 N/A 51
COCOA BEACH $560,000 $596,950 -6% $398 -11% 13 -7% 37
INDIALANTIC $625,000 $886,250 -29% $429 -4% 5 -17% 35
MELBOURNE $535,000 $609,900 -12% $221 -25% 1 -80% 5
MELBOURNE BEACH $544,500 $792,500 -31% $378 -9% 3 -25% 8
MERRITT ISLAND $558,750 N/A N/A $257 N/A 2 N/A 8
PALM BAY $500,000 N/A N/A $232 N/A 1 N/A 52
SATELLITE BEACH & INDIAN HARBOUR BEACH $997,500 $650,000 53% $481 11% 12 -8% 56
TITUSVILLE $511,500 $1,350,000 -62% $267 -23% 2 100% 99
WEST MELBOURNE N/A N/A N/A N/A N/A - N/A N/A
ST. JOHNS COUNTY $
706K
MEDIAN ↑3%
MARKET DATA FOR RESIDENTIAL PROPERTIES, $500,000+
SALES PRICE

ALL RESIDENTIAL | PRICING INCREASES TO SET NEW RECORD

74
Closed sales in May increased by 4% from a year ago to reach the highest
level since last summer. The median price also increased by 3%, setting a
AVERAGE DAYS ↑164%
new record-high. ON MARKET

$
295
MEDIAN ↑4%
PPSF

498
ACTIVE ↓14%
LISTINGS

470
SOLD ↑4%
LISTINGS

*ALL PERCENTAGES REFLECT YEAR

OVER YEAR CHANGE.

Neighborhood Snapshots
AVERAGE DAYS
MEDIAN SALES PRICE MEDIAN PRICE PER SF CLOSED SALES
ON MARKET
YOY% YOY%
MAY 23 MAY 22 YOY% CHANGE MAY 23 MAY 23 MAY23
CHANGE CHANGE
JULINGTON CREEK AREA $670,000 $645,500 4% $237 -4% 71 -1% 55
NOCATEE $755,625 $811,000 -7% $311 2% 39 -36% 48
PONTE VEDRA BEACH $850,000 $1,450,000 -41% $388 -10% 53 4% 49
SOUTHEAST ST JOHNS COUNTY $702,000 $659,000 7% $424 1% 49 26% 84
ST. AUGUSTINE BEACHES/ANASTASIA ISLAND $750,000 $604,500 24% $415 25% 9 -36% 144
ST. JOHNS $669,402 $620,229 8% $254 5% 75 29% 122
SOUTHWEST ST JOHNS COUNTY $625,000 $599,500 4% $342 43% 3 -50% 85
ST. AUGUSTINE/VILANO BEACH $792,500 $815,000 -3% $345 5% 29 38% 80
WORLD GOLF VILLAGE AREA/PALENCIA $610,000 $668,180 -9% $236 -4% 50 11% 59
DUVAL COUNTY $
679K
MEDIAN ↑8%
MARKET DATA FOR RESIDENTIAL PROPERTIES, $500,000+
SALES PRICE

ALL RESIDENTIAL | MEDIAN PRICE SURGES

70
The median price increased by 8% from last year, the largest increase in
the region. Listing volume decreased by 19% from last year, highlighting the
AVERAGE DAYS ↑141%
strengthened buyer demand. ON MARKET

$
295
MEDIAN ↑13%
PPSF

215
ACTIVE ↓19%
LISTINGS

246
SOLD ↓17%
LISTINGS

*ALL PERCENTAGES REFLECT YEAR

OVER YEAR CHANGE.

Neighborhood Snapshots
AVERAGE DAYS
MEDIAN SALES PRICE MEDIAN PRICE PER SF CLOSED SALES
ON MARKET
YOY% YOY%
MAY 23 MAY 22 YOY% CHANGE MAY 23 MAY 23 MAY23
CHANGE CHANGE
ARLINGTON/FORT CAROLINE $625,000 $618,000 1% $223 0% 5 -29% 61
AVONDALE/RIVERSIDE/ORTEGA $675,000 $680,000 -1% $306 2% 19 -14% 52
BARTRAM $613,000 $548,000 12% $206 2% 2 -71% 31
BEACHES $830,000 $857,500 -3% $478 12% 57 19% 55
BEAUCLERC/MANDARIN $611,750 $627,000 -2% $230 4% 30 -25% 84
DOWNTOWN JACKSONVILLE $537,500 N/A N/A $219 N/A 2 N/A 47
INTRACOASTAL $675,000 $604,949 12% $285 10% 91 -11% 88
NOCATEE (DUVAL) $510,181 N/A N/A $226 N/A 1 N/A 183
NORTH JACKSONVILLE $619,500 $645,135 -4% $243 17% 6 -57% 33
SAN MARCO/SAN JOSE $649,900 $610,000 7% $330 17% 13 8% 65
SOUTHSIDE $575,000 $580,000 -1% $224 1% 5 -76% 29
WEST JACKSONVILLE $709,944 $925,000 -23% $322 -5% 2 0% 72
CLAY COUNTY $
614K
MEDIAN 0%
MARKET DATA FOR RESIDENTIAL PROPERTIES, $500,000+
SALES PRICE

ALL RESIDENTIAL | STEADY PRICING, SALES DOWN

73
The median price of higher-priced homes was flat from one year
ago, though sales volume slowed.
AVERAGE DAYS ↑115%
ON MARKET

$
219
MEDIAN ↑5%
PPSF

33
ACTIVE ↓45%
LISTINGS

43
SOLD ↓35%
LISTINGS

*ALL PERCENTAGES REFLECT YEAR

OVER YEAR CHANGE.

Neighborhood Snapshots
AVERAGE DAYS
MEDIAN SALES PRICE MEDIAN PRICE PER SF CLOSED SALES
ON MARKET
YOY% YOY%
MAY 23 MAY 22 YOY% CHANGE MAY 23 MAY 23 MAY23
CHANGE CHANGE
FLEMING ISLAND $613,900 $618,500 -1% $212 -1% 9 -74% 75
GREEN COVE SPRINGS $569,792 $576,000 -1% $220 17% 10 900% 83
MIDDLEBURG/KEYSTONE $667,100 $555,000 20% $237 21% 13 30% 56
ORANGE PARK N/A $549,900 N/A N/A N/A - N/A N/A
OAKLEAF PLANTATION $612,500 $623,999 -2% $193 7% 3 -73% 75
NASSAU COUNTY $
690K
MEDIAN ↓4%
MARKET DATA FOR RESIDENTIAL PROPERTIES, $500,000+
SALES PRICE

ALL RESIDENTIAL | SALES AND PRICES DIP

47
Compared with last year, sales were off by 13%, and the median price was
AVERAGE DAYS ↑24%
4% lower. For-sale inventory trended lower from the peak in March and fell to
4% less than a year ago. ON MARKET

$
344
MEDIAN ↑13%
PPSF

146
ACTIVE ↓4%
LISTINGS

137
SOLD ↓13%
LISTINGS

*ALL PERCENTAGES REFLECT YEAR

OVER YEAR CHANGE.

Neighborhood Snapshots
AVERAGE DAYS
MEDIAN SALES PRICE MEDIAN PRICE PER SF CLOSED SALES
ON MARKET
YOY% YOY%
MAY 23 MAY 22 YOY% CHANGE MAY 23 MAY 23 MAY23
CHANGE CHANGE
AMELIA ISLAND/FERNANDINA BEACH $690,000 $757,500 -9% $371 8% 75 -20% 43
YULEE/WILDLIGHT $628,372 $522,500 20% $248 30% 4 100% 55
FLAGLER COUNTY $
665K
MEDIAN ↑6%
MARKET DATA FOR RESIDENTIAL PROPERTIES, $500,000+
SALES PRICE

ALL RESIDENTIAL | RECORD-BREAKING SALES PACE

59
Sales volume for higher-priced homes increased by 20% compared
with one year ago. The number of homes sold for more than $500,000
AVERAGE DAYS ↑119%
reached an all-time high in May. ON MARKET

$
314
MEDIAN ↑1%
PPSF

128
ACTIVE ↓4%
LISTINGS

131
SOLD ↑20%
LISTINGS

*ALL PERCENTAGES REFLECT YEAR

OVER YEAR CHANGE.

Neighborhood Snapshots
AVERAGE DAYS
MEDIAN SALES PRICE MEDIAN PRICE PER SF CLOSED SALES
ON MARKET
YOY% YOY%
MAY 23 MAY 22 YOY% CHANGE MAY 23 MAY 23 MAY23
CHANGE CHANGE
BUNNELL N/A $819,000 N/A N/A N/A - N/A N/A
FLAGLER BEACH $705,000 $630,000 12% $356 4% 14 56% 61
PALM COAST $665,000 $649,500 2% $295 -5% 65 12% 63
 Bank on Better
Finance your next home with
75 years of trusted Florida-based
mortgage expertise at your side.
Extensive local real estate experience and market knowledge.
1
Flexible home loans with competitive rates.
Personalized service from application to close.

Primary Residences & Second Homes

Vacation Homes & Investment Properties

New Construction & Land Acquisition

Explore Your Mortgage Options >

1
Loans and lines of credit are subject to credit approval and program requirements.
Fees and restrictions apply. Terms and conditions subject to change.
Member FDIC
© 2022 City National Bank of Florida 4218351587 / r03/23 NMLS#412469
Our brand, your advantage
ONE Sotheby’s International Realty prides itself in being at the forefront of innovation, service, and marketing that push
the boundaries within our industry. Our commitment to providing the highest caliber of expertise and dedication sets us
apart as we continue to raise the standard of excellence. As real estate’s most trusted brand, our name alone opens the
most prestigious doors and creates opportunities to connect sellers and buyers worldwide. That is our mission: to give
extraordinary lives a home to thrive.

#1 #1 #1 8x
VOTED BEST MOST PROFILED VOTED BEST AWARD-WINNING
LUXURY BROKERAGE LUXURY REAL ESTATE BROKERAGE MARKETING
IN FLORIDA IN 2022 BRAND IN THE PRESS WEBSITE IN 2022 POWERHOUSE
by Luxury Lifestyle Magazine Source: Meltwater Jan 2022-Dec 2022 by South Florida Agent Magazine

Nothing compares.
© 2023 ONE Sotheby’s International Realty. All rights reserved. Sotheby’s International Realty® and the Sotheby’s
International Realty Logo are service marks licensed to Sotheby’s International Realty Affiliates LLC and used with permission.
 For unmatched
real estate expertise

© 2023 ONE Sotheby’s International Realty. All rights reserved. Sotheby’s International Realty® and the Sotheby’s International Realty Logo are service marks licensed to Sotheby’s International Realty Affiliates LLC and
used with permission. ONE Sotheby’s International Realty fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each franchise is independently owned and operated. Any services or products
provided by independently owned and operated franchisees are not provided by, affiliated with or related to Sotheby’s International Realty Affiliates LLC nor any of its affiliated companies. The information contained herein
is deemed accurate but not guaranteed.