TR E NDS

2023
QUARTER 1
MARKET
REPORT

FEATURED DEVELOPMENT: PIER SIXTY-SIX, FORT LAUDERDALE

LOCAL EXPERTISE WITH
A GLOBAL PERSPECTIVE
Florida’s East Coast real estate market remains competitive, fueled by rising demand for
housing, an influx of affluent buyers, and relocations from high-tax states. Our TRENDS
market report provides detailed insights into the regional housing market to make informed
and confident real estate decisions.

During Q1 2023, most counties in the area saw an increase in the average sales price of
homes compared to the same period last year. Florida continues to outperform the national
housing trend, indicating that the region offers promising opportunities for sellers and
homebuyers alike.

ONE Sotheby’s International Realty recognized its top-performing real estate professionals
along Florida’s East Coast in Q1. We are proud of our distinguished associates who continue
to exceed industry standards and provide exceptional service to our clients. Our network
recently welcomed Podium Group, a team of skilled associates that bring invaluable
international relationships to our Brickell footprint.

From Miami to Amelia Island, Florida’s East Coast offers a wealth of opportunities for those
looking to relocate, make lifestyle changes or make long-term investments. We will continue
to raise industry standards with innovation, cutting-edge tools and technology, and the
highest caliber of expertise of our real estate associates. 

Daniel de la Vega
President
ONE Sotheby’s International Realty

ABOUT TRENDS:
ONE Sotheby’s International Realty
presents the only market report
focused on Florida’s East Coast.
From Miami to Amelia Island, data is
presented from a macro perspective
down to city level.

Data is sourced from local Multiple

Listing Service (MLS) organizations.
Written analysis created in partnership
with the Rosen Consulting Group,
a nationally recognized consulting firm
and trusted advisor to top public
and private real estate operators and
capital providers.
CONTENTS

04 Miami-Dade County

06 Broward County

08 Palm Beach County

10 Martin County

11 Indian River County

12 Brevard County

14 St. Johns County

15 Duval County

16 Clay County

17 Nassau County

18 Flagler County
 NOW AC CE P T I NG CON T R AC TS

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S C H E D U L E A P R I VAT E P R E V I E W

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FOLLOW US @SURFROWRESIDENCES

This offering is made only by the prospectus for the condominium and no statement should be relied upon if not made in the prospectus. Prices, plans and specifications are subject to change without notice.
ORAL REPRESENTATIONS CANNOT BE RELIED UPON AS CORRECTLY STATING THE REPRESENTATIONS OF THE DEVELOPER. FOR CORRECT REPRESENTATIONS, MAKE REFERENCE TO THIS
BROCHURE AND TO THE DOCUMENTS REQUIRED BY SECTION 718.503, FLORIDA STATUTES, TO BE FURNISHED BY A DEVELOPER TO A BUYER OR LESSEE.’
FLORIDA’S EAST COAST SNAPSHOT

Q1 2022 Q1 2O23 Q1 2022 Q1 2023

AVERAGE SALES PRICE

SINGLE-FAMILY HOMES CONDOMINIUMS
BY COUNTY

FOR SALE MEDIAN SALES PRICE AVG SALES PRICE PRICE PER SF CLOSED TRANSACTIONS HIGHEST SALES

CHANGE FROM YOY% YOY% YOY% YOY%

MAR 23 Q1 2023 Q1 2023 Q1 2023 Q1 2023 Q1 2023
PRIOR MONTH CHANGE CHANGE CHANGE CHANGE
MIAMI-DADE COUNTY
SINGLE-FAMILY HOMES 3,317 -8% $565,000 5% $966,488 -3% $342 8% 2,305 -27% $38,500,000
CONDOS 6,446 -2% $400,000 4% $720,906 0% $379 2% 3,004 -44% $21,000,000
BREVARD COUNTY
SINGLE-FAMILY HOMES 1,420 -4% $350,000 3% $417,877 2% $202 1% 2,156 -9% $6,000,000
CONDOS 438 -5% $280,500 8% $374,184 9% $244 5% 404 -15% $1,950,000
BROWARD COUNTY
SINGLE-FAMILY HOMES 2,769 -6% $560,000 6% $764,287 -2% $319 7% 2,634 -23% $29,672,500
CONDOS 4,218 -4% $266,050 12% $355,572 -3% $239 12% 3,210 -30% $5,350,000
INDIAN RIVER COUNTY
SINGLE-FAMILY HOMES 792 2% $390,000 4% $697,930 21% $233 7% 542 -18% $20,500,000
CONDOS 380 8% $300,000 15% $403,561 1% $220 20% 228 -14% $1,800,000
MARTIN COUNTY
SINGLE-FAMILY HOMES 184 -6% $625,000 4% $975,159 16% $298 4% 193 5% $12,000,000
CONDOS 140 -16% $296,000 8% $367,616 -6% $231 2% 142 13% $2,600,000
PALM BEACH COUNTY
SINGLE-FAMILY HOMES 3,354 -5% $600,000 4% $1,030,731 2% $308 7% 2,769 -16% $62,988,000
CONDOS 3,675 -2% $305,000 10% $491,787 3% $222 10% 2,682 -27% $21,000,000
CLAY COUNTY
RESIDENTIAL 258 22% $338,450 1% $355,908 0% $181 3% 418 -61% $1,150,000
DUVAL COUNTY
RESIDENTIAL 1,004 12% $295,000 2% $363,230 6% $189 4% 1,814 -61% $7,000,000
FLAGLER COUNTY
RESIDENTIAL 475 16% $365,000 4% $434,965 2% $203 2% 525 -57% $2,400,000
NASSAU COUNTY
RESIDENTIAL 297 38% $380,000 -9% $521,064 2% $248 -4% 559 -40% $6,450,000
ST. JOHNS COUNTY
RESIDENTIAL 892 27% $433,893 -6% $529,500 -6% $235 2% 1,276 -51% $6,050,000
MIAMI-DADE COUNTY $
565K
MEDIAN
SALES PRICE
↑5%

SINGLE-FAMILY HOMES | AVERAGE PRICE IMPROVES

61
While the median price increased by 6% from the fourth quarter of 2022,
AVERAGE DAYS ↑27%
the average price remained 3% lower than it was in the same quarter of ON MARKET
last year. The average price stabilized in the first quarter, a notable sign
after decreasing for much of 2022.

$
342
MEDIAN ↑8%
PPSF

3,317
ACTIVE ↑66%
LISTINGS

2,305
SOLD ↓27%
LISTINGS

*ALL PERCENTAGES REFLECT YEAR OVER YEAR CHANGE.

Neighborhood Snapshots
AVERAGE DAYS
MEDIAN SALES PRICE MEDIAN PRICE PER SF CLOSED SALES
ON MARKET
YOY% YOY%
Q1 2023 Q1 2022 YOY% CHANGE Q1 2023 Q1 2023 Q1 2023
CHANGE CHANGE
AVENTURA $1,237,500 $990,000 25% $533 29% 2 -85% 263
BAL HARBOUR $6,242,500 N/A N/A $1,635 N/A 1 N/A 118
BAY HARBOR ISLANDS N/A $3,217,000 N/A N/A N/A - N/A N/A
COCONUT GROVE $1,862,500 $1,600,000 16% $782 -1% 32 -46% 79
CORAL GABLES $1,625,000 $1,810,000 -10% $748 6% 98 -30% 79
GOLDEN BEACH $5,570,000 $3,675,000 52% $1,323 -6% 2 -50% 211
KEY BISCAYNE $3,350,000 $3,400,000 -1% $1,162 6% 3 -82% 160
MIAMI $575,000 $539,000 7% $345 9% 1,104 -26% 58
MIAMI BEACH $2,700,000 $2,612,500 3% $1,049 9% 51 -38% 115
MIAMI SHORES $1,180,000 $928,000 27% $591 18% 30 -23% 58
NORTH BAY VILLAGE $1,000,000 $1,022,500 -2% $729 35% 3 -70% 112
PINECREST $2,208,500 $1,925,000 15% $686 12% 34 -23% 75
SOUTH MIAMI $1,253,000 $840,000 49% $537 -3% 16 -24% 52
SUNNY ISLES BEACH $1,500,000 $2,500,000 -40% $852 41% 3 -40% 163
SURFSIDE $2,225,000 $1,050,000 112% $992 47% 6 -40% 90
MIAMI-DADE COUNTY $
400K
MEDIAN
SALES PRICE
↑4%

CONDOMINIUMS | MEDIAN PRICE APPRECIATES

69
The median price of a condominium in Miami-Dade County was 4% higher
AVERAGE DAYS ↓16%
than last quarter and 4% higher than the same period last year. The median ON MARKET
price in Miami-Dade County remained the highest in the region.

$
379
MEDIAN ↑2%
PPSF

6,446
ACTIVE ↑44%
LISTINGS

3,004
SOLD ↓44%
LISTINGS

*ALL PERCENTAGES REFLECT YEAR OVER YEAR CHANGE.

Neighborhood Snapshots
AVERAGE DAYS
MEDIAN SALES PRICE MEDIAN PRICE PER SF CLOSED SALES
ON MARKET
YOY% YOY%
Q1 2023 Q1 2022 YOY% CHANGE Q1 2023 Q1 2023 Q1 2023
CHANGE CHANGE
AVENTURA $445,000 $414,500 7% $364 16% 223 -51% 74
BAL HARBOUR $1,611,000 $1,302,500 24% $838 7% 21 -70% 77
BAY HARBOR ISLANDS $582,500 $475,000 23% $436 24% 30 -52% 77
BRICKELL/DOWNTOWN MIAMI/EDGEWATER $600,000 $550,000 9% $614 13% 301 -60% 88
COCONUT GROVE $1,000,000 $849,000 18% $712 32% 54 -47% 64
CORAL GABLES $581,000 $507,500 14% $554 23% 55 -53% 81
KEY BISCAYNE $1,292,500 $1,487,500 -13% $825 -4% 40 -43% 82
MIAMI $365,000 $335,000 9% $305 9% 935 -37% 59
MIAMI BEACH $455,000 $445,000 2% $540 3% 482 -47% 82
MIAMI SHORES $399,000 $317,000 26% $365 57% 3 -50% 36
NORTH BAY VILLAGE $465,000 $355,000 31% $414 32% 42 -36% 56
PINECREST $355,000 $302,700 17% $385 30% 7 -50% 40
SOUTH MIAMI $245,000 $229,000 7% $398 26% 5 -17% 44
SUNNY ISLES BEACH $875,000 $745,000 17% $584 10% 167 -51% 112
SURFSIDE $735,000 $564,000 30% $641 23% 20 -43% 86
BROWARD COUNTY $
560K
MEDIAN ↑6%
SALES PRICE

SINGLE-FAMILY HOMES | COMPETITION REMAINS

56
AVERAGE DAYS ↑60%
While transaction volume decreased by 23% during the first quarter, ON MARKET
16% of all sales were above the asking price. Broward County had
the highest share of homes sold above the asking price in the region.

$
319
MEDIAN ↑7%
PPSF

2,769
ACTIVE ↑110%
LISTINGS

2,634
SOLD ↓23%
LISTINGS

*ALL PERCENTAGES REFLECT YEAR OVER YEAR CHANGE.

Neighborhood Snapshots
AVERAGE DAYS
MEDIAN SALES PRICE MEDIAN PRICE PER SF CLOSED SALES
ON MARKET
YOY% YOY%
Q1 2023 Q1 2022 YOY% CHANGE Q1 2023 Q1 2023 Q1 2023
CHANGE CHANGE
COOPER CITY $650,000 $627,500 4% $336 3% 47 -22% 45
CORAL SPRINGS $635,000 $605,000 5% $288 5% 191 -26% 55
DAVIE $680,500 $660,000 3% $343 6% 129 -12% 58
DEERFIELD BEACH $486,000 $425,000 14% $274 -3% 94 -24% 48
FORT LAUDERDALE $585,000 $660,000 -11% $418 4% 368 -25% 65
HALLANDALE $530,750 $420,000 26% $341 -4% 20 0% 66
HILLSBORO BEACH $19,241,500 N/A N/A $1,490 N/A 1 N/A 649
HOLLYWOOD $498,000 $480,000 4% $364 12% 223 -33% 55
LAUDERDALE-BY-THE-SEA $1,110,000 $1,257,500 -12% $717 6% 6 -57% 83
LIGHTHOUSE POINT $1,900,000 $1,612,500 18% $647 12% 33 -39% 63
MIRAMAR $580,000 $536,750 8% $290 9% 159 -24% 53
PARKLAND $1,055,000 $1,025,000 3% $331 1% 92 -23% 60
PEMBROKE PINES $585,000 $550,000 6% $306 9% 183 -28% 55
PLANTATION $584,750 $590,000 -1% $298 6% 116 -28% 63
POMPANO BEACH $468,500 $397,500 18% $348 12% 142 -24% 54
SOUTHWEST RANCHES $1,650,000 $1,412,500 17% $459 6% 25 -26% 51
SUNRISE $465,000 $437,500 6% $305 11% 101 -16% 45
WESTON $830,000 $850,000 -2% $347 1% 98 -33% 52
WILTON MANORS $825,000 $700,000 18% $499 4% 44 5% 48
BROWARD COUNTY $
266K
MEDIAN ↑12%
SALES PRICE

CONDOMINIUMS | HIGHEST SHARE OF CONDOS SOLD ABOVE LIST

50
AVERAGE DAYS ↓9%
Approximately 13% of all condominium sales in the first quarter closed above ON MARKET
the asking price in Broward County, which was higher than the neighboring
counties. The median price increased by 12% year-over-year.

$
239
MEDIAN ↑12%
PPSF

4,218
ACTIVE ↑95%
LISTINGS

3,210
SOLD ↓30%
LISTINGS

*ALL PERCENTAGES REFLECT YEAR OVER YEAR CHANGE.

Neighborhood Snapshots
AVERAGE DAYS
MEDIAN SALES PRICE MEDIAN PRICE PER SF CLOSED SALES
ON MARKET
YOY% YOY%
Q1 2023 Q1 2022 YOY% CHANGE Q1 2023 Q1 2023 Q1 2023
CHANGE CHANGE
COOPER CITY $420,000 $382,500 10% $300 5% 17 0% 32
CORAL SPRINGS $216,000 $204,000 6% $219 12% 119 -15% 45
DAVIE $287,500 $237,000 21% $235 19% 97 -27% 31
DEERFIELD BEACH $185,000 $160,000 16% $207 23% 255 -19% 47
FORT LAUDERDALE $430,000 $449,900 -4% $393 8% 445 -38% 65
HALLANDALE $307,500 $290,000 6% $286 12% 216 -37% 66
HILLSBORO BEACH $535,000 $548,000 -2% $452 -2% 21 -30% 65
HOLLYWOOD $290,000 $320,000 -9% $278 -6% 243 -42% 61
LAUDERDALE-BY-THE-SEA $485,000 $633,500 -23% $399 -28% 43 -28% 71
LIGHTHOUSE POINT $197,500 $195,250 1% $207 -31% 20 -31% 32
MIRAMAR $371,000 $320,000 16% $262 10% 70 -35% 39
PARKLAND $546,500 $500,000 9% $320 12% 10 -33% 37
PEMBROKE PINES $240,000 $220,000 9% $211 12% 236 -22% 41
PLANTATION $295,000 $232,500 27% $244 27% 104 -11% 36
POMPANO BEACH $288,000 $255,000 13% $244 9% 294 -28% 50
SUNRISE $190,000 $152,500 25% $196 34% 191 -21% 51
WESTON $378,750 $286,500 32% $296 25% 48 -25% 50
WILTON MANORS $468,634 $224,000 109% $313 13% 35 -5% 27
PALM BEACH COUNTY $
600K
MEDIAN ↑4%
SALES PRICE

SINGLE-FAMILY HOMES | TRENDS IMPROVE FROM LAST QUARTER

59
AVERAGE DAYS ↑74%
The average price for a home in Palm Beach County increased by 10% from ON MARKET
the previous quarter and 2% from one year ago. Sales increased by 8%
compared with the fourth quarter, though remained 16% lower than one year
prior. Palm Beach County was the only area with an average price in excess
of $1 million.
$
308
MEDIAN ↑7%
PPSF

3,354
ACTIVE ↑127%
LISTINGS

2,769
SOLD ↓16%
LISTINGS

*ALL PERCENTAGES REFLECT YEAR OVER YEAR CHANGE.

Neighborhood Snapshots
AVERAGE DAYS
MEDIAN SALES PRICE MEDIAN PRICE PER SF CLOSED SALES
ON MARKET
YOY% YOY%
Q1 2023 Q1 2022 YOY% CHANGE Q1 2023 Q1 2023 Q1 2023
CHANGE CHANGE
BOCA RATON $817,500 $775,000 5% $371 8% 424 -18% 66
BOYNTON BEACH $515,000 $490,000 5% $267 4% 410 18% 50
DELRAY BEACH $720,000 $630,000 14% $346 9% 261 -15% 58
HIGHLAND BEACH $2,750,000 $13,500,000 -80% $789 -44% 1 -80% 13
JUNO BEACH $1,987,000 $2,074,500 -4% $979 9% 2 -67% 54
JUPITER $840,000 $800,000 5% $407 7% 189 -1% 55
JUPITER INLET COLONY $4,500,000 $8,960,000 -50% $1,503 -13% 5 150% 107
LAKE PARK $401,000 $419,000 -4% $292 15% 10 -38% 23
LAKE WORTH $522,500 $475,000 10% $268 6% 274 -12% 57
LANTANA $420,000 $332,500 26% $308 24% 15 -38% 72
NORTH PALM BEACH $779,625 $975,000 -20% $399 -17% 30 -19% 45
MANALAPAN $6,625,000 $1,150,000 179% $1,494 88% 5 150% $156
PALM BEACH $8,300,000 $9,981,500 -17% $2,777 1% 7 -67% 193
PALM BEACH GARDENS $799,000 $813,000 -2% $378 4% 175 -4% 53
SINGER ISLAND $2,850,000 $2,200,000 30% $1,048 13% 5 25% 65
TEQUESTA $1,090,000 $918,000 19% $499 6% 16 0% 56
WELLINGTON $688,200 $693,000 -1% $281 0% 134 -22% 67
WEST PALM BEACH $475,000 $465,000 2% $286 10% 387 -12% 57
PALM BEACH COUNTY $
305K
MEDIAN ↑10%
SALES PRICE

CONDOMINIUMS | PRICING REMAINS STRONG

55
AVERAGE DAYS ↑62%
In the first quarter of 2023, there were 27% fewer sales than in the same ON MARKET
period last year and the average time for a unit to sell increased by 61%.
Pricing remained strong, up by 10% compared with one year ago.

$
222
MEDIAN ↑10%
PPSF

3,675
ACTIVE ↑195%
LISTINGS

2,682
SOLD ↓27%
LISTINGS

*ALL PERCENTAGES REFLECT YEAR OVER YEAR CHANGE.

Neighborhood Snapshots
AVERAGE DAYS
MEDIAN SALES PRICE MEDIAN PRICE PER SF CLOSED SALES
ON MARKET
YOY% YOY%
Q1 2023 Q1 2022 YOY% CHANGE Q1 2023 Q1 2023 Q1 2023
CHANGE CHANGE
BOCA RATON $330,000 $325,000 2% $245 4% 493 -27% 54
BOYNTON BEACH $291,250 $255,000 14% $203 13% 280 -24% 53
DELRAY BEACH $239,000 $210,000 14% $191 17% 411 -27% 55
HIGHLAND BEACH $1,022,500 $725,000 41% $637 27% 28 -53% 55
JUNO BEACH $757,500 $665,000 14% $512 9% 24 0% 72
JUPITER $550,000 $484,500 14% $351 12% 151 -10% 48
LAKE PARK $338,500 $310,000 9% $249 4% 10 -23% 62
LAKE WORTH $199,000 $169,000 18% $154 13% 144 -31% 66
LANTANA $272,500 $239,950 14% $229 8% 20 -41% 46
NORTH PALM BEACH $278,500 $410,000 -32% $247 -21% 56 -25% 61
PALM BEACH $1,305,000 $930,000 40% $741 41% 62 -45% 90
PALM BEACH GARDENS $387,500 $382,500 1% $270 2% 151 -10% 50
SINGER ISLAND $835,000 $812,000 3% $507 3% 29 -46% 110

TEQUESTA $375,000 $625,000 -40% $253 -23% 15 -52% 53

WELLINGTON $365,000 $355,000 3% $263 13% 34 -21% 41
WEST PALM BEACH $230,000 $199,950 15% $181 14% 453 -28% 51
MARTIN COUNTY $
625K
MEDIAN ↑4%
SALES PRICE

SINGLE-FAMILY HOMES | MEDIAN PRICE HIGHEST IN

THE REGION, SALES RECOVER

65
AVERAGE DAYS ↑86%
The median price reached $625,000 in the first quarter of 2023, the highest in
the region. Sales activity increased by 33% from last quarter, a strong rebound ON MARKET
from continuous sales decline in the last two quarters, yet volume remained
14% lower than one year ago.

$
298
MEDIAN ↑4%
PPSF

184
ACTIVE ↑202%
LISTINGS

193
SOLD ↑3%
LISTINGS

*ALL PERCENTAGES REFLECT YEAR OVER YEAR CHANGE.

Neighborhood Snapshots
AVERAGE DAYS
MEDIAN SALES PRICE MEDIAN PRICE PER SF CLOSED SALES
ON MARKET
YOY% YOY%
Q1 2023 Q1 2022 YOY% CHANGE Q1 2023 Q1 2023 Q1 2023
CHANGE CHANGE
HOBE SOUND $558,600 $479,740 16% $283 11% 24 358% 46
HUTCHINSON ISLAND $3,337,500 $4,975,000 -33% $867 12% 9 200% 69
JENSEN BEACH $525,000 $472,500 11% $281 4% 28 17% 53
JUPITER ISLAND $9,825,000 $13,525,000 -27% $2,453 12% 2 -67% 4
PALM CITY $725,000 $739,000 -2% $283 -3% 115 -18% 70
SEWALL'S POINT $3,900,000 $2,000,000 95% $723 2% 5 -58% 62
STUART $622,500 $535,000 16% $300 3% 68 33% 65
MARTIN COUNTY $
296K
MEDIAN ↑8%
SALES PRICE

CONDOMINIUMS | CONDO SALES BEGIN TO RECOVER

After slow sales activity in 2022, the first quarter of 2023 produced strong

70
signs of a rebound. Sales were up by 27% from last quarter and 13% from AVERAGE DAYS ↑289%
the first quarter of 2022. ON MARKET

$
231
MEDIAN ↑2%
PPSF

140
ACTIVE ↑268%
LISTINGS

142
SOLD ↑13%
LISTINGS

*ALL PERCENTAGES REFLECT YEAR OVER YEAR CHANGE.

Neighborhood Snapshots
AVERAGE DAYS
MEDIAN SALES PRICE MEDIAN PRICE PER SF CLOSED SALES
ON MARKET
YOY% YOY%
Q1 2023 Q1 2022 YOY% CHANGE Q1 2023 Q1 2023 Q1 2023
CHANGE CHANGE
HOBE SOUND $275,000 $225,000 22% $209 25% 15 114% 50
HUTCHINSON ISLAND $577,450 $564,900 2% $452 2% 28 4% 81
JENSEN BEACH $322,500 $182,000 77% $238 22% 12 33% 64
PALM CITY $304,350 $207,500 47% $216 48% 12 0% 61
STUART $236,500 $255,000 -7% $203 -9% 76 6% 72
INDIAN RIVER COUNTY $
390K
MEDIAN ↑4%
SALES PRICE

SINGLE-FAMILY HOMES | AVERAGE PRICE SURGES

The average quarterly price increased by 40% from one quarter ago,

77
highlighting the shift towards higher-priced homes selling near the top AVERAGE DAYS ↑31%
range during the first quarter. Though sales remained lower than one ON MARKET
year ago, volume increased by nearly 10% from the end of 2022.

$
233
MEDIAN ↑7%
PPSF

792
ACTIVE ↑206%
LISTINGS

542
SOLD ↓18%
LISTINGS

*ALL PERCENTAGES REFLECT YEAR OVER YEAR CHANGE.

Neighborhood Snapshots
AVERAGE DAYS
MEDIAN SALES PRICE MEDIAN PRICE PER SF CLOSED SALES
ON MARKET
YOY% YOY%
Q1 2023 Q1 2022 YOY% CHANGE Q1 2023 Q1 2023 Q1 2023
CHANGE CHANGE
BARRIER ISLAND $1,250,000 $1,175,000 6% $513 12% 67 -20% 108
MAINLAND VERO BEACH $385,000 $365,000 5% $228 7% 249 -27% 83
SEBASTIAN/FELLSMERE $345,000 $329,900 5% $211 3% 77 -32% 83
INDIAN RIVER COUNTY $
300K
MEDIAN ↑15%
SALES PRICE

CONDOMINIUMS | PRICE AND SALES INCREASE

The median price increased by 15% year-over-year and by 10% from last

73
quarter. Simultaneously, sales rebounded from a significant drop at the AVERAGE DAYS ↑43%
end of the year. Indian River County condo sales were 38% higher than last ON MARKET
quarter, though remained lower than one year ago.

$
220
MEDIAN ↑20%
PPSF

380
ACTIVE ↑375%
LISTINGS

228
SOLD ↓14%
LISTINGS

*ALL PERCENTAGES REFLECT YEAR OVER YEAR CHANGE.

Neighborhood Snapshots
AVERAGE DAYS
MEDIAN SALES PRICE MEDIAN PRICE PER SF CLOSED SALES
ON MARKET
YOY% YOY%
Q1 2023 Q1 2022 YOY% CHANGE Q1 2023 Q1 2023 Q1 2023
CHANGE CHANGE
BARRIER ISLAND $605,000 $612,500 -1% $416 10% 55 -14% 69
MAINLAND VERO BEACH $258,250 $211,500 22% $192 15% 134 -22% 73
SEBASTIAN/FELLSMERE $287,500 $300,000 -4% $207 -10% 14 100% 107
BREVARD COUNTY $
350K
MEDIAN ↑3%
SALES PRICE

SINGLE-FAMILY HOMES | TIME ON MARKET LOWEST IN THE REGION

Brevard County homes spent the least amount of time on the market,

45
on average, compared to the region. The county remained the most AVERAGE DAYS ↑137%
affordable in Southeast Florida. ON MARKET

$
202
MEDIAN ↑1%
PPSF

1,420
ACTIVE ↑235%
LISTINGS

2,156
SOLD ↓9%
LISTINGS

*ALL PERCENTAGES REFLECT YEAR OVER YEAR CHANGE.

Neighborhood Snapshots
AVERAGE DAYS
MEDIAN SALES PRICE MEDIAN PRICE PER SF CLOSED SALES
ON MARKET
YOY% YOY%
Q1 2023 Q1 2022 YOY% CHANGE Q1 2023 Q1 2023 Q1 2023
CHANGE CHANGE
COCOA $315,000 $308,000 2% $192 0% 232 4% 49
COCOA BEACH $625,000 $755,000 -17% $385 9% 17 -45% 59
GRANT $424,910 $630,000 -33% $208 -26% 15 -25% 59
INDIALANTIC $690,000 $582,500 18% $305 6% 40 33% 40
MALABAR $550,000 $530,000 4% $248 -1% 17 0% 46
MELBOURNE $385,000 $379,000 2% $223 4% 463 -13% 41
MELBOURNE BEACH $679,000 $772,500 -12% $368 2% 27 -34% 59
MERRITT ISLAND $470,000 $508,000 -7% $248 2% 147 -18% 51
MIMS $333,675 $303,310 10% $186 2% 74 118% 32
PALM BAY $332,500 $305,000 9% $185 4% 715 -3% 45
ROCKLEDGE $387,000 $395,000 -2% $211 -3% 146 5% 40
SATELLITE BEACH & INDIAN HARBOUR BEACH $550,000 $562,500 -2% $318 2% 60 -24% 42
TITUSVILLE $310,450 $300,000 3% $184 3% 148 -39% 51
WEST MELBOURNE $460,000 $445,000 3% $204 -4% 27 -18% 40
INDIAN RIVER
BREVARD COUNTY
COUNTY TRENDS $
281K
MEDIAN ↑8%
SALES PRICE
CONDOMINIUMS
CONDOMINIUMS | PRICING TRENDS HIGHER
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The median
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51
per-square-foot basis,
hac habitasse platea Brevard County had one of the highest median
dictumst. AVERAGE DAYS ↑96%
prices in the region, second only to Miami-Dade County. ON MARKET

$
244
MEDIAN ↑5%
PPSF

438
ACTIVE ↑172%
LISTINGS

404
SOLD ↓15%
LISTINGS

*ALL PERCENTAGES REFLECT YEAR OVER YEAR CHANGE.

Neighborhood Snapshots
AVERAGE DAYS
MEDIAN SALES PRICE MEDIAN PRICE PER SF CLOSED SALES
ON MARKET
YOY% YOY%
Q1 2023 Q1 2022 YOY% CHANGE Q1 2023 Q1 2023 Q1 2023
CHANGE CHANGE
COCOA $251,950 $245,200 3% $241 8% 14 -50% 33
COCOA BEACH $350,000 $378,000 -7% $298 -4% 63 -38% 56
INDIALANTIC $552,500 $515,000 7% $393 14% 40 111% 100
MELBOURNE $200,000 $172,500 16% $186 14% 62 2% 43
MELBOURNE BEACH $662,500 $555,000 19% $412 38% 9 -68% 91
MERRITT ISLAND $178,000 $184,999 -4% $173 -13% 19 -30% 36
PALM BAY $180,250 $137,000 32% $194 43% 18 6% 43
ROCKLEDGE $270,000 $215,000 26% $194 7% 31 0% 38
SATELLITE BEACH & INDIAN HARBOUR BEACH $447,500 $430,000 4% $311 -11% 32 -43% 52
TITUSVILLE $205,000 $146,750 40% $203 31% 35 3% 53
WEST MELBOURNE $227,500 $210,000 8% $163 -8% 10 67% 41
ST. JOHNS COUNTY $
433K
MEDIAN ↓6%
SALES PRICE

RESIDENTIAL | HIGHEST MEDIAN PRICE IN THE REGION

The median price decreased by 6% compared with a year ago, yet St.

80
Johns County remained the highest-priced home market in the region. AVERAGE DAYS ↑100%
ON MARKET

$
235
MEDIAN ↑2%
PPSF

892
ACTIVE ↑56%
LISTINGS

1,276
SOLD ↓51%
LISTINGS

*ALL PERCENTAGES REFLECT YEAR OVER YEAR CHANGE.

Neighborhood Snapshots
AVERAGE DAYS
MEDIAN SALES PRICE MEDIAN PRICE PER SF CLOSED SALES
ON MARKET
YOY% YOY%
Q1 2023 Q1 2022 YOY% CHANGE Q1 2023 Q1 2023 Q1 2023
CHANGE CHANGE
JULINGTON CREEK AREA $539,200 $538,000 0% $226 5% 116 -53% 79
NOCATEE $671,495 $648,190 4% $304 13% 66 -66% 73
PONTE VEDRA BEACH $691,500 $720,000 -4% $337 3% 72 -55% 72
SOUTHEAST ST JOHNS COUNTY $544,950 $480,000 14% $319 3% 82 -63% 77
ST AUGUSTINE BEACHES/ANASTASIA ISLAND $342,995 $373,635 -8% $212 3% 118 -53% 84
ST JOHNS $448,400 $504,950 -11% $228 0% 142 -38% 85
SOUTHWEST ST JOHNS COUNTY $389,900 $370,000 5% $227 2% 33 -52% 50
ST AUGUSTINE/VILANO BEACH $471,500 $534,450 -12% $258 1% 52 -58% 80
WORLD GOLF VILLAGE AREA/PALENCIA $425,990 $443,745 -4% $225 4% 169 -48% 88
DUVAL COUNTY $
295K
MEDIAN ↑2%
SALES PRICE

RESIDENTIAL | SALES DROP, SUPPLY STILL LIMITED

Sales volume dropped compared with last year, and homes remained

67
on the market for a longer period of time prior to selling. For-sale AVERAGE DAYS ↑97%
inventory increased by less than 20%, the smallest increase in the region, ON MARKET
underscoring that fewer sales are not causing the market to become
oversaturated with listings.

$
189
MEDIAN ↑4%
PPSF

1,004
ACTIVE ↑18%
LISTINGS

1,814
SOLD ↓61%
LISTINGS

*ALL PERCENTAGES REFLECT YEAR OVER YEAR CHANGE.

Neighborhood Snapshots
AVERAGE DAYS
MEDIAN SALES PRICE MEDIAN PRICE PER SF CLOSED SALES
ON MARKET
YOY% YOY%
Q1 2023 Q1 2022 YOY% CHANGE Q1 2023 Q1 2023 Q1 2023
CHANGE CHANGE
ARLINGTON/FORT CAROLINE $255,000 $270,000 -6% $179 1% 159 -64% 63
AVONDALE/RIVERSIDE/ORTEGA $350,500 $399,900 -12% $252 3% 52 -65% 67
BARTRAM $357,500 $333,000 7% $200 4% 44 -61% 57
BEACHES $576,750 $580,000 -1% $368 12% 102 -60% 66
BEAUCLERC/MANDARIN $355,000 $370,000 -4% $203 1% 141 -55% 59
DOWNTOWN JACKSONVILLE $151,500 $130,400 16% $137 21% 172 -64% 61
INTRACOASTAL $498,980 $452,500 10% $251 9% 167 -61% 60
NOCATEE (DUVAL) $424,000 $400,179 6% $246 17% 22 -39% 90
NORTH JACKSONVILLE $310,000 $325,000 -5% $172 3% 182 -55% 80
SAN MARCO/SAN JOSE $313,700 $338,500 -7% $214 5% 79 -50% 60
SOUTHSIDE $260,000 $250,000 4% $196 4% 223 -62% 68
WEST JACKSONVILLE $261,000 $262,090 0% $168 2% 364 -64% 75
CLAY COUNTY $
338K
MEDIAN ↑1%
SALES PRICE

RESIDENTIAL | PRICING STABILIZES

Sales volume decreased by more than 60% in Clay County year-over-year,

84
one of the largest decreases in the region. The median price was slightly AVERAGE DAYS ↑155%
higher than last year. ON MARKET

$
181
MEDIAN ↑3%
PPSF

258
ACTIVE ↑28%
LISTINGS

418
SOLD ↓61%
LISTINGS

*ALL PERCENTAGES REFLECT YEAR OVER YEAR CHANGE.

Neighborhood Snapshots
AVERAGE DAYS
MEDIAN SALES PRICE MEDIAN PRICE PER SF CLOSED SALES
ON MARKET
YOY% YOY%
Q1 2023 Q1 2022 YOY% CHANGE Q1 2023 Q1 2023 Q1 2023
CHANGE CHANGE
FLEMING ISLAND $410,000 $413,000 -1% $196 3% 45 -66% 59
GREEN COVE SPRINGS $341,995 $319,990 7% $178 -1% 46 -58% 94
MIDDLEBURG/KEYSTONE $330,000 $326,000 1% $192 6% 103 -61% 69
ORANGE PARK $299,000 $295,000 1% $175 3% 59 -68% 77
OAKLEAF PLANTATION $290,000 $351,495 -17% $179 7% 105 -47% 117
NASSAU COUNTY $
380K
MEDIAN ↓9%
SALES PRICE

RESIDENTIAL | PRICES DECLINE

Sales declined by the smallest amount in Nassau County compared

83
with the surrounding region. The median price also declined in the last AVERAGE DAYS ↑98%
year, one of the few areas where prices fell. ON MARKET

$
201
MEDIAN ↓4%
PPSF

297
ACTIVE ↑61%
LISTINGS

559
SOLD ↓40%
LISTINGS

*ALL PERCENTAGES REFLECT YEAR OVER YEAR CHANGE.

Neighborhood Snapshots
AVERAGE DAYS
MEDIAN SALES PRICE MEDIAN PRICE PER SF CLOSED SALES
ON MARKET
YOY% YOY%
Q1 2023 Q1 2022 YOY% CHANGE Q1 2023 Q1 2023 Q1 2023
CHANGE CHANGE
AMELIA ISLAND/FERNANDINA BEACH $612,500 $535,000 14% $311 10% 148 -55% 72
YULEE/WILDLIGHT $347,995 $350,990 -1% $181 -2% 106 -15% 73
FLAGLER COUNTY $
365K
MEDIAN ↑4%
SALES PRICE

RESIDENTIAL | MEDIAN PRICE INCREASES

The median price increased by 4% compared with the first quarter of

71
last year, though sales decreased by more than half. The average time AVERAGE DAYS ↑115%
on market more than doubled from last year. ON MARKET

$
203
MEDIAN ↑3%
PPSF

475
ACTIVE ↑75%
LISTINGS

525
SOLD ↓57%
LISTINGS

*ALL PERCENTAGES REFLECT YEAR OVER YEAR CHANGE.

Neighborhood Snapshots
AVERAGE DAYS
MEDIAN SALES PRICE MEDIAN PRICE PER SF CLOSED SALES
ON MARKET
YOY% YOY%
Q1 2023 Q1 2022 YOY% CHANGE Q1 2023 Q1 2023 Q1 2023
CHANGE CHANGE
BUNNELL $312,990 $283,995 10% $181 -3% 24 9% 74
FLAGLER BEACH $682,500 $463,750 47% $341 10% 16 -74% 52
PALM COAST $369,000 $349,000 6% $198 2% 273 -61% 76
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