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Port Royal Market Review

Port Royal Property Statistics

There are currently 45 Active Listings and 42 have sold within the last year

Average Active List Price: $8,594,857.14

Average Active List Price/Square Foot: $ 1,341.20

Average List Price in Past Year: $6,161,140.00

Average Sale Price: $5,723,070.00

Average Sale Price/Square Foot: $1,067.89

Average Days on Market: 202

Average SP/LP Ratio: 92.95%

Port Royal Single Family Homes Built Post-2004

Average Active List Price: $8,694,650.00

Average Active List Price/Square Foot: $ 1,282.49

Average List Price in Past Year: $9,043,333.00

Average Sale Price: $8,269,611.00

Average Sale Price/Square Foot: $1,175.52

Average Days on Market: 230

Average SP/LP Ratio: 90.89%

New construction in the Port Royal area has been extremely robust in the last year.  This is apparent by the influx in newer homes available for purchase.  These homes are attractive to potential buyers as they are up to the latest hurricane codes.

Port Royal Single Family Homes Built Pre-2004

Average Active List Price: $7,866,429.00

Average Active List Price/Square Foot: $ 1,327.94

Average List Price in Past Year: $5,398,206.00

Average Sale Price: $5,048,985.00

Average Sale Price/Square Foot: $1,039.40

Average Days on Market: 194

Average SP/LP Ratio: 93.50%

Lot values or tear down homes have increased in price as the demand for new construction has risen.  Where a good bay front lot could have been purchased for under $3 million a couple of years ago, now they are above that number with prime lots selling for much more.