Page 9 - Al Brown Newsletter

M arket Report

Sea Island Lake Cottages Black Banks Hawkins Island
The convenience and strategic location of Not much to report in the way of The strength and growth of Sea Island’s
this neighborhood keep it in strong demand. real estate activity in this revered first gated community continues to
The median sales price was $2,500,000. Lake neighborhood. One 1960 ranch sold impress. Three homes sold last year,
Cottages sold within 1.3% of asking price. for $1,499,000, selling for the list price. $3,300,000, $1,500,000 and of note, an
Three of the recently completed townhomes Current inventory at January 1st was off-market private sale occurred of Little
closed in the early spring of 2023, and the zero, and available homes will continue Hawkins for $14,250,000. Sales prices
resale of an original residence closed in to be low to non-existent. were negotiated 8% of the listed prices.
December for $3,000,000. The new year began with neither homes
nor building sites available.
MEDIAN HOME SALE PRICE MEDIAN HOME SALE PRICE
$2,750,000 ——————————————————————————— $1,750,000 ———————————————————————————
$2,520,000 $2,500,000
$2,500,000 ——————————————————————————— $1,499,000 MEDIAN HOME SALE PRICE
$1,500,000 ———————————————————————————
$1,250,000
$2,250,000 ——————————————————————————— $1,250,000 ——————————————————————————— $3,000,000 ———————————————————————————
$1,073,000
$1,862,500
$925,000
$2,000,000 ——————————————————————————— $1,000,000 ——————————————————————————— $2,499,000
$2,075,000 $2,500,000 ———————————————————————————
$1,750,000 ——————————————————————————— $750,000 ———————————————————————————— $1,723,750 $2,425,000
2020 2021 2022 2023 $2,000,000 ———————————————————————————
2020 2021 2022 2023
$1,500,000 ———————————————————————————
MEDIAN HOME PRICE PER SQUARE FOOT $1,000,000 ———————————————————————————
$1,400,000
$700 —————————————————————————————— MEDIAN HOME PRICE PER SQUARE FOOT 2020 2021 2022 2023
$655
$650 ——————————————————————————————
$450 ——————————————————————————————
$600 —————————————————————————————— $393 MEDIAN HOME PRICE PER SQUARE FOOT
$533 $400 ——————————————————————————————
$344
$550 —————————————————————————————— $350 —————————————————————————————— $450 ——————————————————————————————
$521
$338
$475
$500 —————————————————————————————— $287 $411 $414
$300 —————————————————————————————— $400 ——————————————————————————————
$450 ——————————————————————————————
2020 2021 2022 2023 $250 —————————————————————————————— $350 ——————————————————————————————
$314
2020 2021 2022 2023
$300 ——————————————————————————————
$263
$250 ——————————————————————————————
HIGHEST PRICE SOLD: $3,000,000 2020 2021 2022 2023
HIGHEST PRICE SOLD: $1,499,000
HOME SALES HIGHEST PRICE SOLD: $14,250,000
8 ———————————————————————————————— (not factored into the above statistics)
8
8
7 ————————————————————————————————
6 ———————————————————————————————— HOME SALES
5 ———————————————————————————————— 5 ————————————————————————————————— HOME SALES
5
4 ———————————————————————————————— 4 ————————————————————————————————— 3 —————————————————————————————————
3
3
4
3
3 ———————————————————————————————— 3 ————————————————————————————————— 2 —————————————————————————————————
3
2 ———————————————————————————————— 2 ————————————————————————————————— 2
2
2
1
1 ———————————————————————————————— 1 ————————————————————————————————— 1 —————————————————————————————————
0 ———————————————————————————————— 0 ————————————————————————————————— 0 —————————————————————————————————
2020 2021 2022 2023 2020 2021 2022 2023 2020 2021 2022 2023
7