Page 10 - Al Brown Newsletter

M arket Report

Old Seaside Kings Point Golf Retreat/
No homes became available on the open One home sold in 2023, a marsh front Golf Retreat North
market at Old Seaside in 2023 and none location for $3,850,000 selling at 96% of Located near the eclectic St. Simons
are on the market at the beginning of 2024. list price. There was one lot sale, a site on Village, two homes sold in 2023 for
There were two land sales last year. A golf the lagoon overlooking Seaside Golf Course $4,000,000 and $3,400,000. The
course site for $1,450,000 and a three- for $875,000. At the beginning of the transactions closed at 97% of the
acre tract of land just beyond the golf new year, one marsh front home is on the listed prices. 2024 began with no
performance center sold for $5,500,000 market for $5,400,000. available inventory.
in June. Surprisingly, Sea Island Company
sold this to a developer who has eight MEDIAN HOME SALE PRICE
$3,850,000
homes under construction. All sold from $4,000,000 —————————————————————————— MEDIAN HOME SALE PRICE $3,700,000
$3,400,000
$4,250,000 to $4,750,000. $3,500,000 ——————————————————————————— $4,000,000 ——————————————————————————
$3,500,000 ———————————————————————————
$2,769,419
$3,000,000 ——————————————————————————— $3,000,000 ———————————————————————————
$3,050,000
$2,500,000 ——————————————————————————— $2,500,000 ———————————————————————————
$2,875,000
$2,000,000 ——————————————————————————— $2,000,000 ———————————————————————————
$1,500,000 ——————————————————————————— $1,500,000 ———————————————————————————
$1,542,500
$1,355,000
$1,000,000 ——————————————————————————— $1,000,000 ———————————————————————————
2020 2021 2022 2023 2020 2021 2022 2023
MEDIAN HOME PRICE PER SQUARE FOOT
$643
$700 —————————————————————————————— MEDIAN HOME PRICE PER SQUARE FOOT
$700 ——————————————————————————————
$600 —————————————————————————————— $590
$500
$522
$473 $600 ——————————————————————————————
$653
$500 ——————————————————————————————
$500 ——————————————————————————————
$400 ——————————————————————————————
$400 ——————————————————————————————
$318
$300 ——————————————————————————————
$196 $300 ——————————————————————————————
$200 —————————————————————————————— 2020 2021 2022 2023
$100 ——————————————————————————————
2020 2021 2022 2023
HIGHEST PRICE SOLD: $4,000,000
HIGHEST PRICE SOLD: $3,850,000
HOME SALES
HOME SALES 5 —————————————————————————————————
5
4 —————————————————————————————————
3 —————————————————————————————————
3 3 —————————————————————————————————
2 —————————————————————————————————
2 2 —————————————————————————————————
2
2
1 ————————————————————————————————— 1 —————————————————————————————————
1 1 1
0 ———————————————————————————————— 0 —————————————————————————————————
2020 2021 2022 2023 2020 2021 2022 2023
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