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Dear Neighbor,

For the period ending June 1, 2019, we have seen our most robust three-month period in nearly a year with no signs of slowing. March, April and May each saw closed sales in excess of $30M, for an amazing quarter overall with total closed sales volume of $98,632,500. That is nearly double the preceding three-month period and a 51% improvement year over year. With ten pending sales, we have forward momentum that will predictably continue this upward trend.

This month’s market report has nearly all “up” arrows as each market segment – water front, golf front, and interior homes are all trading at record numbers and at record highs.

Water front sales were flat quarter to quarter with seven sales March to May as well as December to February. However, total value of sales was up 28% quarter over quarter and up 74% year over year with $54,053,000 in closed sales. Average selling price was $7,721,857 an improvement of 28% quarter over quarter and up 25% year over year. The average sold price per square foot broke the $1,000 mark at $1,101.

Golf front sales were up quarter to quarter with three sales March to May and only one for the period December to February; Year over year, was flat. Total value of sales was up 391% quarter over quarter and up 73% year over year with $12,525,000 in closed sales. Average selling price was $4,175,000 an improvement of 64% quarter over quarter and up 73% year over year. The average sold price per square foot was $773.

Interior home sales were up quarter to quarter with eleven sales March to May and four for the period December to February; Year over year, was up 10%. Total value of sales improved 197% quarter over quarter and 18% year over year with $32,054,500 in closed sales. Average selling price was $2,914,045 an improvement of 8% quarter over quarter and up 7% year over year. The average sold price per square foot was $564.

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