NEST SEEKERS TRENDS & INDICATORS

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September 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 | SEPTEMBER 2022 SINGLE FAMILY

2022 AVERAGE LISTED PRICE ON SOLD $3,253,929 (-46.12% 2021)
2022 AVERAGE SOLD PRICE $3,062,571 (-42.35% 2021)
TOTAL ACTIVE SALES 30 (+900% 2021)
AVERAGE DAYS ON MARKET 50 (-54.13% 2021)
TOTAL SALES VOLUME $64,314,000(-66.37% 2021)
AVERAGE SALE PRICE / SQFT $1,010.10 (-4.96% 2021)
AVERAGE RENT $19,123.28 (+30.78% 2021)
AVERAGE RENT PRICE / SQFT $5.28 (+2.92% 2021)
CONDOS
2022 AVERAGE LISTED PRICE ON SOLD $687,420 (-15.77% 2021)
2022 AVERAGE SOLD PRICE $743,388 (-7.83% 2021)
TOTAL ACTIVE SALES 177 (+2428.57% 2021)
AVERAGE DAYS ON MARKET 54 (-59.09% 2021)
TOTAL SALES VOLUME $132,323,024 (-31.92% 2021)
AVERAGE SALE PRICE / SQFT $632.03 (+8.13% 2021)
AVERAGE RENT $3,670.35 (+1.62% 2021)
AVERAGE RENT PRICE / SQFT $4.03 (+11.94% 2021)
 

NEW YORK | SEPTEMBER 2022 

MANHATTAN

2022 AVERAGE LISTED PRICE ON SOLD $3,094,745 (+2.5% 2021)
2022 AVERAGE SOLD PRICE $1,924,326 (+3.6% 2021)
TOTAL ACTIVE SALES 7,153 (-0.99% 2021)
AVERAGE DAYS ON MARKET 124 (-13.7% 2021)
TOTAL SALES 1,318 (-39.7% 2021)
AVERAGE SALE PRICE / SQFT $1,600 (+6.1% 2021)
AVERAGE RENT $6,216 (+26.1% 2021)

BROOKLYN

2022 AVERAGE LISTED PRICE ON SOLD $1,015,123 (-16.6% 2021)
2022 AVERAGE SOLD PRICE $983,080 (+1.2% 2021)
TOTAL ACTIVE SALES 2,207 (+23.6% 2021)
AVERAGE DAYS ON MARKET 97 (-37.1% 2021)
TOTAL SALES 599 (-52.4% 2021)
AVERAGE SALE PRICE / SQFT $965 (+0.31 2021)
AVERAGE RENT $4,479 (+27.84% 2021)

QUEENS

2022 AVERAGE LISTED PRICE ON SOLD $702,966 (-3.47% 2021)
2022 AVERAGE SOLD PRICE $437,143 (-31.0% 2021)
TOTAL ACTIVE SALES 688 (-8.14% 2021)
AVERAGE DAYS ON MARKET 120 (-7.5% 2021)
TOTAL SALES 381 (-60.4% 2021)
AVERAGE SALE PRICE / SQFT $825 (-29.3% 2021)
AVERAGE RENT $3,612 (+18.7% 2021)
 

HAMPTONS | SEPTEMBER 2022 

2022 AVERAGE LISTED PRICE ON SOLD $6,900,000  (-24.17% 2021)
2022 AVERAGE SOLD PRICE $3,000,000 (-56.52% 2021)
TOTAL ACTIVE SALES 196 (+880% 2021)
AVERAGE DAYS ON MARKET 209 (-19.61% 2021)
TOTAL SALES VOLUME $328,600,000 (-72.61% 2021)
 

PALM BEACH ISLAND | SEPTEMBER 2022

SINGLE FAMILY
2022 AVERAGE SALE PRICE $7,200,663 (+31% 2021)
PERCENT OF LIST 91 (+3% 2021)
TOTAL ACTIVE SALES 206 (+41% 2021)
NUMBER UNDER CONTRACT 17 (-29% 2021)
TOTAL SALES VOLUME $93,608,622 (-53% 2021)
CONDOS
2022 AVERAGE SALE PRICE $1,461,368 (-28% 2021)
PERCENT OF LIST 97 (+4% 2021)
TOTAL ACTIVE SALES 128 (0% 2021)
NUMBER UNDER CONTRACT 16 (-40% 2021)
TOTAL SALES VOLUME $27,766,000 (-40% 2021)
 

BEVERLY HILLS | SEPTEMBER 2022

2022 AVERAGE LISTED PRICE ON SOLD $9,623,249
2022 AVERAGE SOLD PRICE $8,633,100
TOTAL ACTIVE SALES 234
 AVERAGE DAYS ON MARKET 55
TOTAL SALES 20
AVERAGE SALE PRICE / SQFT $1,572
 

GREENWICH | SEPTEMBER 2022

SINGLE FAMILY
2022 AVERAGE LISTED PRICE ON SOLD $2,898,839 (+14.98% 2021)
2022 AVERAGE SINGLE-FAMILY SALE PRICE $2,947,728 (+19.85% 2021)
TOTAL ACTIVE SALES 283 (0% 2021)
AVERAGE DAYS ON MARKET 136(-2.86% 2021)
TOTAL SALES VOLUME 96 (-13.51% 2021)
AVERAGE SALE PRICE / SQFT $702 (+12.08% 2021)
AVERAGE RENT $8,741 (+17.57% 2021)
 

LONG ISLAND LUXURY
PROPERTIES $3M+ | SEPTEMBER 2022

INVENTORY 450
2022 MEDIAN LIST PRICE $4,790,438
2022 AVERAGE SALE PRICE $$5,060,951 (+2.4% 2021)
2022 MEDIA SALE PRICE $4,050,000 (+0.1% 2021)
NUMBER OF SALES 325 (-7.4% 2021)
 

NEW JERSEY | SEPTEMBER 2022

HOBOKEN/DOWNTOWN JERSEY CITY (CONDOS)
2022 AVERAGE LISTED PRICE ON SOLD $1,053,623 (+28.89% 2021)
2022 AVERAGE SOLD PRICE $928,285 (+14.87% 2021)
TOTAL ACTIVE SALES 253
AVERAGE DAYS ON MARKET 27(-25% 2021)
 TOTAL SALES 129 (-26.70% 2021)
AVERAGE SALE PRICE / SQFT $801 (+6.67% 2021)
AVERAGE RENT$3,689 (+37.04% 2021)
SUMMIT (SINGLE FAMILY HOME)
2022 AVERAGE LISTED PRICE ON SOLD $1,485,258 (+3.87% 2021)
2022 AVERAGE SOLD PRICE $1,524,902 (+5.56% 2021)
TOTAL ACTIVE SALES 32
AVERAGE DAYS ON MARKET 18 (-33.33% 2021)
TOTAL SALES 31 (-3.13% 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.