Page 11 - Al Brown Newsletter

M arket Report

Hamilton Landing St. Simons Island Club (Retreat) Frederica
Five homes sold last year from $825,000 There were 15 closed home sales ranging in The home sales at Frederica were especially
to $1,985,000. The sales were achieved price from $810,000 to $2,200,000. Sales impressive in 2023, with 10 sales from
within 3% of asking price. The new year occurred within 93% of listed prices. The $2,395,000 to $4,400,000. The median price
began with three homes for sale from new year began with five homes on the jumped 33.6% to $3,000,584. Sales occurred
$1,250,000 to $1,890,000. market from $1,150,000 to $2,350,000. at 96% of list price. 2024 began with four
homes available for sale from $2,450,000
MEDIAN HOME SALE PRICE MEDIAN HOME SALE PRICE to $6,500,000.
$1,250,000
$1,300,000 ———————————————————————————
$1,700,000 ——————————————————————————— There were also 24 lot sales in 2023 from
$1,457,000
$1,200,000 ——————————————————————————— $1,500,000 ——————————————————————————— $255,000 to $1,900,000. The median lot sale
$1,400,000
$1,100,000 ———————————————————————————
$995,000 $1,300,000 ——————————————————————————— was $485,000. Fifteen building sites were
$1,000,000 ——————————————————————————— $1,100,000 ——————————————————————————— offered for sale at the beginning of the year
$975,000
$1,047,500
$900,000 ———————————————————————————
$784,650 $900,000 ——————————————————————————— ranging from $293,000 to $3,950,000.
$740,000
$800,000 ————————————————————————————
$700,000 ————————————————————————————
$700,000 ———————————————————————————— 2020 2021 2022 2023 MEDIAN HOME SALE PRICE
2020 2021 2022 2023 $3,000,584
$3,000,000 ———————————————————————————
MEDIAN HOME PRICE PER SQUARE FOOT MEDIAN HOME PRICE PER SQUARE FOOT $2,500,000 ———————————————————————————
$2,244,822
$2,225,000
$2,019,720
$450 —————————————————————————————— $400 —————————————————————————————— $2,000,000 ———————————————————————————
$362
$409
$337
$377
$400 —————————————————————————————— $350 —————————————————————————————— 2020 2021 2022 2023
$350 —————————————————————————————— $300 ——————————————————————————————
$309
$229
$300 —————————————————————————————— $250 —————————————————————————————— MEDIAN HOME PRICE PER SQUARE FOOT
$262
$250 —————————————————————————————— $200 —————————————————————————————— $600 ——————————————————————————————
$203
$595
$200 —————————————————————————————— 2020 2021 2022 2023 $550 ——————————————————————————————
$495
2020 2021 2022 2023 $500 ——————————————————————————————
$445
$450 ——————————————————————————————
HIGHEST PRICE SOLD: $2,200,000 $399
$400 ——————————————————————————————
HIGHEST PRICE SOLD: $1,985,000 2020 2021 2022 2023
HOME SALES
45 ———————————————————————————————— HIGHEST PRICE SOLD: $4,400,000
HOME SALES
43
40 ————————————————————————————————
14 ————————————————————————————————
14 35 ————————————————————————————————
12 ———————————————————————————————— HOME SALES
30 ————————————————————————————————
32
10 ———————————————————————————————— 25 ———————————————————————————————— 10 ————————————————————————————————
11
10
25
8 ————————————————————————————————— 20 ———————————————————————————————— 8 —————————————————————————————————
8
8
6 ————————————————————————————————— 15 ———————————————————————————————— 6 —————————————————————————————————
7
6
15
4 ————————————————————————————————— 10 ———————————————————————————————— 4 —————————————————————————————————
5
2 ————————————————————————————————— 5 ————————————————————————————————— 2 —————————————————————————————————
0 ————————————————————————————————— 0 ————————————————————————————————— 0 —————————————————————————————————
2020 2021 2022 2023 2020 2021 2022 2023 2020 2021 2022 2023
9