NEST SEEKERS TRENDS & INDICATORS

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

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NEW YORK | JULY 2022

MANHATTAN

2022 AVERAGE LISTED PRICE ON SOLD $3,015,569 (+3.5% 2021)
2022 AVERAGE SOLD PRICE $2,104,733 (+3.7% 2021)
TOTAL ACTIVE SALES 8,315 (+0.37% 2021)
AVERAGE DAYS ON MARKET 103 (-47.57% 2021)
TOTAL SALES 1,567 (-14.4% 2021)
AVERAGE SALE PRICE / SQFT $1,591 (+4.3% 2021)
AVERAGE RENT $6,037 (+31.9% 2021)

BROOKLYN

2022 AVERAGE LISTED PRICE ON SOLD $1,051,091 (-14.2% 2021)
2022 AVERAGE SOLD PRICE $1,113,243 (+12.1% 2021)
TOTAL ACTIVE SALES 2,556 (+24.6% 2021)
AVERAGE DAYS ON MARKET 87 (-14.9% 2021)
TOTAL SALES 774 (-23.6% 2021)
AVERAGE SALE PRICE / SQFT $1,042 (+6.3% 2021)
AVERAGE RENT $4,299 (+27.40% 2021)

QUEENS

2022 AVERAGE LISTED PRICE ON SOLD $715,538 (-2.79% 2021)
2022 AVERAGE SOLD PRICE $538,761 (+1.3% 2021)
TOTAL ACTIVE SALES 743 (+0.27% 2021)
AVERAGE DAYS ON MARKET 101 (-13.9% 2021)
TOTAL SALES 517 (-9.5% 2021)
AVERAGE SALE PRICE / SQFT $925 (-19.1% 2021)
AVERAGE RENT $3,501 (+21.5% 2021)

MIAMI BEACH | JULY 2022 SINGLE FAMILY

2022 AVERAGE LISTED PRICE ON SOLD $6,419,540 (+75.96% 2021)
2022 AVERAGE SOLD PRICE $6,481,987 (+89.12% 2021)
TOTAL ACTIVE SALES 59 (+2850% 2021)
AVERAGE DAYS ON MARKET 73 (-23.96% 2021)
TOTAL SALES VOLUME $175,013,650 (-7.16% 2021)
AVERAGE SALE PRICE / SQFT $1,575.37 (+79.89% 2021)
AVERAGE RENT $24,285.71 (+23.53% 2021)
AVERAGE RENT PRICE / SQFT $7.86 (+30.56% 2021)

CONDOS

2022 AVERAGE LISTED PRICE ON SOLD $1,157,981 (+10.79% 2021)
2022 AVERAGE SOLD PRICE $1,104,568 (+14.01% 2021)
TOTAL ACTIVE SALES 283 (+3437.50% 2021)
AVERAGE DAYS ON MARKET 78 (-54.65% 2021)
TOTAL SALES VOLUME $303,756,261 (-22.39% 2021)
AVERAGE SALE PRICE / SQFT $736.37 (+14.46% 2021)
AVERAGE RENT $3,811.16 (+13% 2021)
AVERAGE RENT PRICE / SQFT $4.20 (+24.26% 2021)

HAMPTONS | JULY 2022

2022 AVERAGE LISTED PRICE ON SOLD $4,500,000 (-40% 2021)
2022 AVERAGE SOLD PRICE $3,000,000 (0% 2021)
TOTAL ACTIVE SALES 221 (+1909% 2021)
AVERAGE DAYS ON MARKET 39 (-90.34% 2021)
TOTAL SALES VOLUME $460,900,000 (-45.13% 2021)
 

PALM BEACH ISLAND | JULY 2022 SINGLE FAMILY

2022 AVERAGE SALE PRICE $9,232,562 (+16% 2021)
PERCENT OF LIST 94 (0% 2021)
TOTAL ACTIVE SALES 196 (+6% 2021)
NUMBER UNDER CONTRACT 16 (-64% 2021)
TOTAL SALES VOLUME $415,465,303 (-23% 2021)

CONDOS

2022 AVERAGE SALE PRICE $2,673,723 (+84% 2021)

PERCENT OF LIST 95 (0% 2021)
TOTAL ACTIVE SALES 142 (-19% 2021)
NUMBER UNDER CONTRACT 23 (-45% 2021)
TOTAL SALES VOLUME $98,927,738 (-23% 2021)

BEVERLY HILLS | JULY 2022

2022 AVERAGE LISTED PRICE ON SOLD $7,568,185
2022 AVERAGE SOLD PRICE $7,182,542
TOTAL ACTIVE SALES 140
AVERAGE DAYS ON MARKET 39
TOTAL SALES 21
AVERAGE SALE PRICE / SQFT $1,554

GREENWICH | JULY 2022 SINGLE FAMILY

2022 AVERAGE LISTED PRICE ON SOLD $4,146,211 (+6% 2021)
2022 AVERAGE SINGLE-FAMILY SALE PRICE $2,547,818 (+5% 2021)
TOTAL ACTIVE SALES 339 (0% 2021)
AVERAGE DAYS ON MARKET 125 (+3% 2021)
TOTAL SALES VOLUME 443 (+16% 2021)
AVERAGE SALE PRICE / SQFT $653 (+8% 2021)
AVERAGE RENT $8,385 (+10% 2021)

LONG ISLAND LUXURY PROPERTIES $3M+ | JUNE 2022

INVENTORY 451
2022 MEDIAN LIST PRICE $4,950,000
2022 AVERAGE SALE PRICE $5,199,658 (+7.3% 2021)
2022 MEDIA SALE PRICE $4,100,474 (+2.7% 2021)
NUMBER OF SALES 346 (+5.5% 2021)

NEW JERSEY | JULY 2022

HOBOKEN/DOWNTOWN JERSEY CITY (CONDOS)

2022 AVERAGE LISTED PRICE ON SOLD $822,450 (-4.32% 2021)
2022 AVERAGE SOLD PRICE $825,917 (-2.97% 2021)
TOTAL ACTIVE SALES 380
AVERAGE DAYS ON MARKET 19 (-50% 2021)
TOTAL SALES 161 (-19.90% 2021)
AVERAGE SALE PRICE / SQFT $816 (+7.34% 2021)
AVERAGE RENT $3,616 (+33.53% 2021)

SUMMIT (SINGLE FAMILY HOME)

2022 AVERAGE LISTED PRICE ON SOLD $1,517,038 (+17.73% 2021)
2022 AVERAGE SOLD PRICE $1,651,394 (+25.17% 2021)
TOTAL ACTIVE SALES 52
AVERAGE DAYS ON MARKET 19 (-34.48% 2021)
TOTAL SALES 47 (-36.49% 2021)

PORTUGAL | JULY 2022

LISBON (CITY) AVERAGE SALE PRICE €/MÇ €5,000/m2 (+3.50% 2021)
PORTO (CITY) AVERAGE SALE PRICE €/MÇ €3,063/m2 (+0.90% 2021)
Algarve (Region) AVERAGE SALE PRICE €/MÇ €2,789/m2 (+15,2% 2021)
CASCAIS (CASCAIS & ESTORIL) AVERAGE SALE PRICE €/MÇ €5,016/m2 (+11,1% 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.