03 Apr Shadow Wood at the Brooks Real Estate News | April 2018
As of April 1, 2018, there are 95 active listings in Shadow Wood; 4 more than last month. There are 60 single-family, listed homes ranging from $450,000 to $2,800,000. The average list price is $1,137,303 and the average days on the market is 131 days. Combined days on the market is 184. In the condo market, there are 35 active listings in Shadow Wood, ranging in price from $259,000 to $615,000. The average list price is $391,131 and the average days on the market is 104. Combined days on the market is 139.
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SUMMARY OF SHADOW WOOD HOME SALES
- Within the last 12 months, there were 29 sales; the average sales price was $410,745; and, these condos were on the market an average of 105 days; combined days on the market is 158.
- During the 12 months previous, there were 26 sales; the average sales price was $409,173; and, these homes were on the market an average of 82 days; combined days on the market is 173.
- During the 12 months previous, there were 52 sales; the average sales price was $912,526; and, these homes were on the market an average of 108 days; combined days on the market is 193.
- During the 12 months previous, there were 52 sales; the average sales price was $948,139; and, these homes were on the market an average of 107 days; combined days on the market is 188.
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Shadow Wood FEBRUARY Events Calendar
April 1 | Easter Brunch
April 14 | Dinner Dance
April 18 | Season End Celebration
April 5 | Men’s Closing Day
April 10 | Ladies’ Closing Day
April 6 | Women’s Tennis “Pot Luck” Mixer
April 7 | Tennis Dinner Dance
April 15 | Bocce Social Mixer
April 21 | Tennis “Mixed Up” Doubles
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APRIL 2018 MARKET UPDATE
FLORIDA: MORE SALES & HIGHER PRICES
Florida’s housing market reported more closed sales, more new listings and higher median prices in February. Sales of single-family homes statewide totaled 18,620 last month, up 3.3 percent compared to February 2017. Meanwhile, the statewide median sales price for single-family existing homes was $246,500, up 9.6 percent from the previous year. Looking at Florida’s townhouse-condo market, statewide closed sales totaled 8,457 last month, up 6.4 percent compared to February 2017. “Sales of existing homes rose modestly in February, while sale prices continued to climb at a very brisk pace,” said Florida Realtors® Chief Economist Dr. Brad O’Connor. “Year-over-year sales growth for single-family homes checked in at 3.3 percent in February – the largest such gain we’ve seen since last June.
USA: PENDING SALES SNAP BACK
Pending home sales snapped back in much of the country in February, but weakening affordability and not enough inventory on the market restricted overall activity compared to a year ago. Lawrence Yun, NAR chief economist, said, “The expanding economy and healthy job market are generating sizeable home buyer demand, but the miniscule number of listings on the market and its adverse effect on affordability are squeezing buyers and suppressing overall activity.” With the start of the spring buying season in full swing, Yun believes that one of the top wild cards for the housing market in coming months will be how both buyers and potential sellers adjust to the steady climb in mortgage rates since late last year. For the year, Yun forecasts existing-home sales to be around 5.51 million – flat from 2017.
Most Recent Blog: Wine & Fine Dining at Shadow Wood
“For each wine event, I meet with the wine vendors to hand select wines. Through this process, I determine which wines are best suited for that particular evening.” Said John St. John, Director of Food and Beverage. “I tend to select wines from the Northwest region, generally from California, Oregon and Washington.
To visit the blog and read more about Shadow Wood Legacy Golf Events, click here.
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A Word from Downing-Frye Broker & General Manager Mike Hughes: Southwest Florida Named in “25 Healthiest Communities”
We have had 276 pending sales turned in so far this month which equates to just over $147 million in March 2018 Pending Sales Volume. This certainly is a pretty good month for sales so far..