NEST SEEKERS TRENDS & INDICATORS

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August 2022| Market Snapshots| Erin Sykes, Chief Economist, Nest Seekers International - NYC - HAMPTONS - PALM BEACH - GOLD COAST - MIAMI - PORTUGAL - NEW JERSEY

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MIAMI BEACH | AUGUST 2022 SINGLE FAMILY

2022 AVERAGE LISTED PRICE ON SOLD $5,231,912 (-20.20% 2021)
2022 AVERAGE SOLD PRICE $4,834,906 (-21.73% 2021)
TOTAL ACTIVE SALES 21 (+950% 2021)
AVERAGE DAYS ON MARKET 39 (-73.47% 2021)
TOTAL SALES VOLUME $82,193,400 (-63.04% 2021)
AVERAGE SALE PRICE / SQFT $1,422.61 (+14.67% 2021)
AVERAGE RENT $12,023.89 (-22.27% 2021)
AVERAGE RENT PRICE / SQFT $5.80 (+28.89% 2021)
CONDOS
2022 AVERAGE LISTED PRICE ON SOLD $658,659 (-22.51% 2021)
2022 AVERAGE SOLD PRICE $636,850 (-20.47% 2021)
TOTAL ACTIVE SALES 218 (+3533.33% 2021)
AVERAGE DAYS ON MARKET 73 (-50% 2021)
TOTAL SALES VOLUME $116,543,491 (-56.03% 2021)
AVERAGE SALE PRICE / SQFT $588.96 (-6.62% 2021)
AVERAGE RENT $3,673.92 (+15.87% 2021)
AVERAGE RENT PRICE / SQFT $3.86 (+19.14% 2021)

NEW YORK | AUGUST 2022

MANHATTAN

2022 AVERAGE LISTED PRICE ON SOLD $3,009,444 (+0.8% 2021)
2022 AVERAGE SOLD PRICE $1,963,545 (+4.7% 2021)
TOTAL ACTIVE SALES 7,663 (-1.79% 2021)
AVERAGE DAYS ON MARKET 118(-20.3% 2021)
TOTAL SALES 1,229 (-39.2% 2021)
AVERAGE SALE PRICE / SQFT $1,577 (+5.8% 2021)
AVERAGE RENT $6,325 (+30.6% 2021)

BROOKLYN

2022 AVERAGE LISTED PRICE ON SOLD $1,029,744 (-18.0% 2021)
2022 AVERAGE SOLD PRICE $992,248 (+1.2% 2021)
TOTAL ACTIVE SALES 2,466 (+23.0% 2021)
AVERAGE DAYS ON MARKET 91 (-11.0% 2021)
TOTAL SALES 601 (-38.4% 2021)
AVERAGE SALE PRICE / SQFT $986 (-1.3% 2021)
AVERAGE RENT $4,428 (+27.30% 2021)

QUEENS

2022 AVERAGE LISTED PRICE ON SOLD $710,513 (-3.29% 2021)
2022 AVERAGE SOLD PRICE $515,898 (-11.4% 2021)
TOTAL ACTIVE SALES 750 (+2.53% 2021)
AVERAGE DAYS ON MARKET 110 (-13.6% 2021)
TOTAL SALES 482 (-12.7% 2021)
AVERAGE SALE PRICE / SQFT $864 (-30.6% 2021)
AVERAGE RENT $3,616 (+20.7% 2021)

HAMPTONS | AUGUST 2022

2022 AVERAGE LISTED PRICE ON SOLD $5,600,000 (-24.32% 2021)
2022 AVERAGE SOLD PRICE $3,500,000 (+20.6% 2021)
TOTAL ACTIVE SALES 199 (+1709% 2021)
AVERAGE DAYS ON MARKET 242 (-13.26% 2021)
TOTAL SALES VOLUME $480,600,000 (-17.63% 2021)
 

PALM BEACH ISLAND | AUGUST 2022 SINGLE FAMILY

2022 AVERAGE SALE PRICE $5,855,000 (+20% 2021)
PERCENT OF LIST 95 (+1% 2021)
TOTAL ACTIVE SALES 190 (+23% 2021)
NUMBER UNDER CONTRACT 12 (-40% 2021)
TOTAL SALES VOLUME $122,955,000 (-39% 2021)

CONDOS

2022 AVERAGE SALE PRICE $1,500,077 (+3% 2021)
PERCENT OF LIST 95 (-1% 2021)
TOTAL ACTIVE SALES 124 (-8% 2021)
NUMBER UNDER CONTRACT 8 (-71% 2021)
TOTAL SALES VOLUME $19,501,000 (-64% 2021)
 

BEVERLY HILLS | AUGUST 2022

2022 AVERAGE LISTED PRICE ON SOLD $10,103,428
2022 AVERAGE SOLD PRICE $8,753,047
TOTAL ACTIVE SALES 231
AVERAGE DAYS ON MARKET 36
TOTAL SALES 14
AVERAGE SALE PRICE / SQFT $1,473
 

GREENWICH | AUGUST 2022 SINGLE FAMILY

2022 AVERAGE LISTED PRICE ON SOLD $4,416,787 (+6% 2021)
2022 AVERAGE SINGLE-FAMILY SALE PRICE $2,620,097 (+3.6% 2021)
TOTAL ACTIVE SALES 337 (0% 2021)
AVERAGE DAYS ON MARKET 141 (+2% 2021)
TOTAL SALES VOLUME 93 (+66% 2021)
AVERAGE SALE PRICE / SQFT $692 (+7% 2021)
AVERAGE RENT $11,482 (+43.48% 2021)
 

LONG ISLAND LUXURY PROPERTIES $3M+ | AUGUST 2022

INVENTORY 449
2022 MEDIAN LIST PRICE $4,795,000
2022 AVERAGE SALE PRICE $5,088,538 (+3% 2021)
2022 MEDIA SALE PRICE $4,050,000 (+1.3% 2021)
NUMBER OF SALES 342 (+2.1% 2021)
 

NEW JERSEY | AUGUST 2022

HOBOKEN/DOWNTOWN | JERSEY CITY (CONDOS)

2022 AVERAGE LISTED PRICE ON SOLD $958,801 (+14.96% 2021)
2022 AVERAGE SOLD PRICE $961,610 (+15.90% 2021)
TOTAL ACTIVE SALES 277
AVERAGE DAYS ON MARKET 22 (-24.14% 2021)
TOTAL SALES 141 (-31.22% 2021)
AVERAGE SALE PRICE / SQFT $796 (+5.48% 2021)
AVERAGE RENT $3,508 (+15.43% 2021)

SUMMIT (SINGLE FAMILY HOME)

2022 AVERAGE LISTED PRICE ON SOLD $1,334,078 (-0.62% 2021)
2022 AVERAGE SOLD PRICE $1,428,446 (+5.50% 2021)
TOTAL ACTIVE SALES 30
AVERAGE DAYS ON MARKET 15 (-37.50% 2021)
TOTAL SALES 37 (-19.57% 2021)
 

PORTUGAL | AUGUST 2022

LISBON (CITY) AVERAGE SALE PRICE €/MÇ €5,004/m2 (+1,4% 2021)
PORTO (CITY) AVERAGE SALE PRICE €/MÇ €3,108/m2 (+3,9% 2021)
Algarve (Region) AVERAGE SALE PRICE €/MÇ €2,844/m2 (+14,7% 2021)
CASCAIS (CASCAIS & ESTORIL) AVERAGE SALE PRICE €/MÇ €5,123/m2 (+12,9% 2021)
© 2022 Nest Seekers International. All Rights Reserved. Data included in this snapshot report are based on publicly reported sales information via local Multiple Listing Service (MLS) organizations, the Automated City Register Information
System (ACRIS) in New York, and the REBNY Residential Listing Service (RLS) . Data contained herein is compiled via sources we consider reliable but because the data has been supplied by third parties, we cannot represent that is
accurate or complete and it should not be relied upon as such. All offerings are subject to errors, omissions, changes including price or withdrawal without notice. If your property is listed with a real estate broker, please disregard as it is
not our intention to solicit the offerings of other real estate brokers or agents. Equal Housing Opportunity.