Real Estate Information

Real Estate Information

***Published on 1st September 2024***  

August “answers ”  from the Resort Area Market... 

The August median home price was unchanged from July at $400,000  but remained down 1.1% from the January median price of 404,418, whilst the average days that a home takes to close was up by 2 days from July at 114  and 3 higher than 111-day average recorded in June.  The trend of rising inventory slowed in August, with the total number of listings at 3,162Little changed from 3,157 in July, but it was above the 2,767 total listings recorded in January 2024.  Total sales during August of 326 homes were down 96 on the previous month and down 75 on the resort area closings recorded during June.  A home that closed during August did so at an average of 97.8% …

***Published on 1st June 2024***

 May “math ”  from the Resort Area Market...

 Total sales during May of 444 were a new monthly high for 2024 which compared to 408 in April and the low of 281 closings in January.  A home that sold during May achieved an average 98.1%  of its listed price which compares to 97.5% in April, whilst the average days that a home was on the market was 82 during the month, compared to a 70 day average recorded over the last 12 months.  The May median price increased 0.3% month on month from $402,949  to $404,000 whilst the average days that a home takes to close was up by 2 days from April at 109 and up 4 days from the 104 day average of the first quarter of 2024.   Overall Inventory levels continued to rise with the May…

***Published on 1st May 2024***

April “answers ”  from the Resort Area Market...

The April median price was down 0.3% month on month from $404,000 to $402,949, whilst the average days a home takes to close was 107, a rise of 2 days from both March and February’s 105 days.  Total resort area market inventory was up by 67 homes at 2,867 compared to March's 2,800 total and February’s 2,775.    A home closing in March achieved an average of 97.5%, compared to 98.0% last month.  The average number of days that a home was listed was recorded as 79 during March, compared to an average of 58 over the last 12 months.  The pipeline number of homes under offer/pending closure was 734, which was 50 homes up from March and 44 higher than the 690 recorded in…

***Published on 1st April 2024***

March “math”  from the Resort Area Market...

Total resort area net market inventory increased by 25 homes compared to February, rising to 2,800 listings and 33 homes from the January total of 2,767. A home closing during March sold at an average of 98.0% of its listed price compared to 97.8% last month and 97.6% in January.  The March median price was up 0.4% month on month from $402,500 to $404,000, whilst the average days a home now takes to close was 105, unchanged from last month and January. The average days a home was listed was 68 during March compared to an average of 55 over the past 12 months. The pipeline number of homes under offer/pending closure stood at 684, 6 homes down from February but 73 higher…

Published on 1st March 2024  

March “math”  from the Resort Area Market...

The February resort area median price was down 0.5% month on month from $404,419 to $402,500, whilst the average days a home takes to close was unchanged from January at 105 days. The total inventory was up by just 7 homes compared to January's at 2,775 listings and 2% up from December's inventory of 2,719.   A home that did sell during the month closed at an average of 97.8% of its listed price, which compares to 97.6% in the previous month. During February, 314 homes were withdrawn from the market, having failed to sell, which was below the January withdrawn total of 319 but up on the  260 withdrawn during December 2023.  The total pipeline number of homes under…

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November “numbers”  From The Resort Area.

The average days it now takes for a home in our market to close stands at 100 days, which is 3 days up on the October figure of 97 and 34 days higher than the 66 days it took in November 2022. Total sales during the month of 263 were 35 below the 298 a year ago and 43 below the 306 closings recorded last month. A home selling in the resort area during November achieved an average of 97.7% of its listed price, which was unchanged from October but down from the 100.03% level achieved twelve months ago.  November month-on-month median price saw a marginal increase from $372,320 to $372,862, but from a year ago, prices were up 5% from the one-year median of  $358,875.  Total listings across the market saw an…

The November Team Donovan community sales reports have now been updated and are available from the following link:

                                                                               Community Report

August 'arithmetic' From The Resort Area. Published 1st September 2022   August inventory levels climbed again during the month with the total number of homes now listed for sale standing at 911 which was an increase of 4.6% from the 871 listings of last month. Year on year total inventory has climbed 86% from the 489 total listings recorded twelve months ago. The markets median price continued to rise with the  August price setting a new record of $341,311 which was a 27.4% increase from the one year ago price level of $267,937. Month on month the August median price represented a 1.6% increase from the $335,875 price of July.  Total sales during August of 363 were down 27.8% from the 464 closings recorded in the corresponding month last year. …

The August Team Donovan community sales reports have now been updated and are available from the following link:

                                                                               Community Report