Balanced Market
While the listing price v sales price in Jacoby Farm is at 99%, that has something to do with the new construction (townhomes) still ongoing in the neighborhood. New construction typically has a base price and with typical buyer upgrades pushes the original sales price higher. The days on market and inventory is increasing for both new construction and re-sale. Expect fewer sales and less inventory (except what is currently under construction or standing builder inventory) in the coming months. The next phase of townhomes are under construction but expect a significant jump in inventory when they are within 60 days of being complete. This will not affect single family homes. We expect re-sales to be attractive to buyers as they have a lower price point (compared to competing new construction in the immediate area) and no major expense output (except purchase costs) in the coming months.
Disclaimer- The graphic above and associated commentary is based on the static data (a snapshot in time) and is wholly based on the post authors opinion of the data at the time the post was published. The data below is dynamic. Meaning, it automatically updates as one piece of data changes (not a snapshot in time).
[optima_express_market_report id=”1049133″ header=”true” columns=”2″]
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