Page 17 - Al Brown Newsletter

M arket Report

Hamilton Landing St. Simons Island Club (Retreat) Frederica
Attractive on the relative affordability Another very strong and active year for Strong ownership at Frederica Golf Club has
scale, there were 6 home sales in Hamilton the Island Club as 25 homes sold at a driven Club membership to record levels, and
Landing, with prices ranging from median price of $1,457,000. The high sale real estate there is following suit. Eight homes
$780,000 to $2,037,500. The median sales was $2,075,000. Sales occurred within 3% sold from $1,350,000 to $3,175,000 with a
price was $1,047,500 and prices were of listed prices. We entered the year with 1 median sales price of $2,244,822 on sales that
closed within 4% of asking. The year began home for sale for $1,249,000. The location, were negotiated at 100% of asking prices.
with inventory of one home at $1,100,000. Club House, Davis Love Grill and golf course, We entered 2023 with 5 houses for sale from
tennis, pickle ball and pool prove to be $2,395,000 to $6,750,000. The story line is
MEDIAN HOME SALE PRICE strong attractors. the performance of lot sales: 34 building sites
sold in 2022.
$1,100,000 ——————————————————————————— MEDIAN HOME SALE PRICE
$1,047,500
$995,000
$1,457,000
$1,000,000 ——————————————————————————— $1,500,000 ——————————————————————————— MEDIAN HOME SALE PRICE
$900,000 ——————————————————————————— $1,300,000 ———————————————————————————
$820,000
$784,650
$800,000 ———————————————————————————— $3,000,000 ———————————————————————————
$1,100,000 ——————————————————————————— $2,244,822
$975,000
$2,225,000
$700,000 ———————————————————————————— $2,500,000 ———————————————————————————
$2,019,720
$740,000
$723,140
2019 2020 2021 2022 $900,000 ——————————————————————————— $2,000,000 ———————————————————————————
$700,000 ———————————————————————————— $1,550,000
2019 2020 2021 2022 $1,500,000 ———————————————————————————
MEDIAN HOME PRICE PER SQUARE FOOT 2019 2020 2021 2022
$350 —————————————————————————————— MEDIAN HOME PRICE PER SQUARE FOOT MEDIAN HOME PRICE PER SQUARE FOOT
$309
$400 ——————————————————————————————
$300 —————————————————————————————— $337 $500 ——————————————————————————————
$262
$377
$221
$445
$250 —————————————————————————————— $350 —————————————————————————————— $450 ——————————————————————————————
$203
$495
$200 —————————————————————————————— $300 —————————————————————————————— $399
$229
$250 —————————————————————————————— $400 ——————————————————————————————
$214
$359
$150 ———————————————————————————————
2019 2020 2021 2022 $200 —————————————————————————————— $350 ——————————————————————————————
2019 2020 2021 2022 $300 ——————————————————————————————
2019 2020 2021 2022
HIGHEST PRICE SOLD: $2,037,500
HIGHEST PRICE SOLD: $2,075,000
HIGHEST PRICE SOLD: $3,175,000
HOME SALES
HOME SALES
45 ———————————————————————————————— HOME SALES
14 ———————————————————————————————— 40 ———————————————————————————————— 8 —————————————————————————————————
43
14
8
8
12 ———————————————————————————————— 35 ———————————————————————————————— 7 —————————————————————————————————
7
7
10 ———————————————————————————————— 30 ———————————————————————————————— 6 —————————————————————————————————
11
32
8 ————————————————————————————————— 25 ———————————————————————————————— 5 —————————————————————————————————
25
20 ———————————————————————————————— 4 —————————————————————————————————
20
6 ————————————————————————————————— 15 ———————————————————————————————— 3 —————————————————————————————————
7
6
4 ————————————————————————————————— 10 ———————————————————————————————— 2 —————————————————————————————————
2 ————————————————————————————————— 5 ————————————————————————————————— 1 —————————————————————————————————
0 ————————————————————————————————— 0 ————————————————————————————————— 0 —————————————————————————————————
2019 2020 2021 2022 2019 2020 2021 2022 2019 2020 2021 2022
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