Page 16 - Al Brown Newsletter

M arket Report

Old Seaside Kings Point Golf Retreat/
Approaching Old Seaside, one goes by the Kings Point, with new home construction, Golf Retreat North
Avenue of the Oaks, through the guard continues to impress in 2022. The Located near the eclectic St. Simons Village
gate, past the Lodge and the Golf Learning “awakening” of the market to this private and in the alluring world of the Sea Island
Center, antebellum ruins, past another gated community is long overdue. Three Golf Club, there was one home sale last year
gate, over a bridge…..talk about a sense of homes sold at a median price of $3,050,000 for $2,875,000. This Golf Retreat home sold
arrival! There were no home sales in ’22. at 100% of asking. At the beginning of the for 87% of the listed price. The year started
The year began with no inventory for sale. year, three homes were on the market from with no homes offered for sale. No doubt
$3,995,000 to $7,995,000. the prestige and impact of The RSM Classic
golf tournament has been very beneficial to
these neighborhoods.
MEDIAN HOME SALE PRICE
$3,400,000
$4,000,000 ——————————————————————————
$3,050,000 MEDIAN HOME SALE PRICE
$3,000,000 ——————————————————————————— $2,769,419
$1,542,500 $3,000,000 ———————————————————————————
$2,000,000 ———————————————————————————
$2,500,000 ———————————————————————————
$2,875,000
$1,806,250
$1,000,000 ——————————————————————————— $2,000,000 ———————————————————————————
$0
$0 ———————————————————————————————— $1,500,000 ———————————————————————————
2019 2020 2021 2022
$1,355,000
$1,000,000 ———————————————————————————
2019 2020 2021 2022
MEDIAN HOME PRICE PER SQUARE FOOT
$600 —————————————————————————————— MEDIAN HOME PRICE PER SQUARE FOOT
$500
$473
$500 —————————————————————————————— $700 ——————————————————————————————
$590
$400 —————————————————————————————— $600 ——————————————————————————————
$522
$300 —————————————————————————————— $500 ——————————————————————————————
$196
$200 —————————————————————————————— $400 ——————————————————————————————
$327
$318
$100 —————————————————————————————— $300 ——————————————————————————————
$0
$0 ———————————————————————————————— 2019 2020 2021 2022
2019 2020 2021 2022
HIGHEST PRICE SOLD: $2,875,000
HIGHEST PRICE SOLD: $3,560,000
HOME SALES
HOME SALES 5 —————————————————————————————————
5
4 —————————————————————————————————
3 ————————————————————————————————— 4
3 3 —————————————————————————————————
2 —————————————————————————————————
2 2 —————————————————————————————————
2
1 ————————————————————————————————— 1 —————————————————————————————————
0 1 1
0 ———————————————————————————————— 0 —————————————————————————————————
2019 2020 2021 2022 2019 2020 2021 2022
16