Seven Isles Market Analysis: Inclining/Stable

Seven Isles

YEAR OVER YEAR Closed Sale Values all INCLINED: Median Price 3% to $1,950,000 from $1,900,000, Average Price 7% to $2,114,042 from $1,966,944, Closed Sale Price/LOT (area) 19% to $195.78/SqFt from $164.92, Closed Sale Price/LIVING (area) 5% to $619.51/SqFt from $588.36, and Closed Sale Price/WATERFRONT (foot) 12% to $23,054/WFFt from $20,513.

CURRENT INVENTORY: 34 listings; Median Price $3,555,000, Average Price $4,638,071, LOT $349.54, LIVING $800.49, and WATER $37,546;  SPREAD (Current Inventory/Closed Sale Values Trail-12): Median Price +82%, Average Price +119%, LOT +79%, LIVING +29, and WATER 63%.

PENDING SALES: 1, Average Price $4,300,000, LOT $213.15, LIVING $688.88, and WATER $27,922; SPREAD (Pending Sales/Closed Sale Values Trail-12): Median Price +121%, Average Price +103%, LOT +9%, LIVING +11%, and WATER +21%

MACRO MARKET TRENDS: STABILITY Trail-12 Closed Sale Values: Median Price/Average Price 92%; of the 20 closed sales, 50% were Under Average PRICE, 40% were Under (Moody’s Price/Rent) “Long-Run” Affordability, 60% were Under Average LOT , 60% were Under Average LIVING, and 55% were Under Average WATER.

MACRO MARKET TRENDS Trail-12: Closed Sales (annual) INCLINED to 20 from 18; Days on Market INCLINED to 246 from 107; Discount (from last list price) DECLINED to -7.72% from -12.44%; PRICE/RENT Ratio DECLINED to 16.89 from 21.44, Annual Rent INCLINED 36% to $125,200 from $91,733, and; Rentals DECLINED to six from nine.

MICRO MARKET DATA: RANK Closed Sale Price/LOT by Isle by Dock-Face Trail-36: Seven PtN $262.59, Aqua S $256.60, Barcelona S $236.12, Aqua N $219.01, Sea Island S $207.56, Castilla S $201.69, Las Olas N $188.43, Seven PtW $188.17, Seven W $187.50, Sea Island N $184.63, Pelican N $164.95, Delmar N $160.11, Pelican S $155.24, Barcelona N $151.69, Desota NE $145.04, Delmar S $141.76, Castilla N $125.51.