Page 15 - Al Brown Newsletter

M arket Report

Sea Island Lake Cottages Black Banks Hawkins Island
The close proximity to both Sea Island This revered neighborhood with the Sea Island’s first St. Simons gated
and St. Simons is a definite draw for this oldest inhabited home on St. Simons community in 1998 continues to mature
neighborhood as all new construction (1870) had two home sales last year: into a neighborhood of handsome
homes were quickly sold along with 3 $1,200,000 and $1,300,000. Sales prices homes. Three homes sold last year from
resales. The eight properties for sale were within 7% of asking price. The new $1,545,000 to $3,500,000. The median
last year sold at prices from $2,297,000 year saw no homes for sale. With the area sales price was $2,499,000. Sales prices
to $3,000,000, creating a median of being 100% built out, inventory levels will were within 6% of asking price. The year
$2,520,000. Sales prices were achieved continue to be low to non-existent. began with two homes on the market at
at 104% of asking prices. $3,699,000 and $17,800,000.

MEDIAN HOME SALE PRICE MEDIAN HOME SALE PRICE $2,499,000
MEDIAN HOME SALE PRICE
$1,250,000
$1,500,000 ——————————————————————————— $2,500,000 ———————————————————————————
$1,073,000
$3,000,000 ——————————————————————————— $925,000 $2,000,000 ———————————————————————————
$1,723,750
$2,520,000
$637,000
$2,500,000 ——————————————————————————— $1,000,000 ———————————————————————————
$2,075,000
$1,862,500 $500,000 ———————————————————————————— $1,500,000 ———————————————————————————
$2,000,000 ——————————————————————————— 2019 2020 2021 2022 $939,000
$1,400,000
$1,356,250 $1,000,000 ———————————————————————————
$1,500,000 ———————————————————————————
$500,000 ————————————————————————————
$1,000,000 ——————————————————————————— 2019 2020 2021 2022
2019 2020 2021 2022
MEDIAN HOME PRICE PER SQUARE FOOT
$400 —————————————————————————————— MEDIAN HOME PRICE PER SQUARE FOOT
$338 $344 $450 ——————————————————————————————
MEDIAN HOME PRICE PER SQUARE FOOT $350 —————————————————————————————— $411
$287
$655
$700 —————————————————————————————— $300 —————————————————————————————— $400 ——————————————————————————————
$250 —————————————————————————————— $350 ——————————————————————————————
$314
$600 —————————————————————————————— $188
$521
$475 $263
$500 —————————————————————————————— $200 —————————————————————————————— $300 ——————————————————————————————
$344
$400 —————————————————————————————— $150 ——————————————————————————————— $250 ——————————————————————————————
$204
2019 2020 2021 2022
$300 —————————————————————————————— $200 ——————————————————————————————
2019 2020 2021 2022 $150 ———————————————————————————————
2019 2020 2021 2022
HIGHEST PRICE SOLD: $1,300,000
HIGHEST PRICE SOLD: $3,000,000 HIGHEST PRICE SOLD: $3,500,000
HOME SALES
HOME SALES 5 ————————————————————————————————— HOME SALES
5
8 ———————————————————————————————— 4 ————————————————————————————————— 3 —————————————————————————————————
8
8
3
3
6 ———————————————————————————————— 3 ————————————————————————————————— 2 —————————————————————————————————
4 ———————————————————————————————— 2 ————————————————————————————————— 2
2
2
2 ———————————————————————————————— 1 ————————————————————————————————— 1 —————————————————————————————————
3
3
1
1
0 ———————————————————————————————— 0 ————————————————————————————————— 0 —————————————————————————————————
2019 2020 2021 2022 2019 2020 2021 2022 2019 2020 2021 2022
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