Sales of waterfront properties numbered 76 units in February 2022. This was a large decline of 26.9% from the same period in 2021.
Waterfront sales were 24.2% above the five-year average and 44.2% above the 10-year average for the month of February.
On a year-to-date basis, waterfront sales totaled 127 units over the first two months of the year. This was a substantial reduction of 31.4% from the same period in 2021.
The median price for residential non-waterfront property sales in February 2022 was a record $865,000, an advance of 32.1% from February 2021.
The more comprehensive year-to-date waterfront median price was $1,150,000, up sharply by 30.6% from the first two months of 2021.
The total dollar value of all residential non-waterfront sales in February 2022 was $408.9 million, an increase of 15.5% from the same month in 2021. This was also a new record for the month of February.