Shadow Wood at the Brooks Real Estate News | January 2016

Welcome to 2016!

I am hoping that 2016 will be the year of astonishment in our area regarding real estate activity. 2015 sure was; and, all signs keep pointing in that direction. This New Year, may you be interested in changes as change is one extremely viable way your future would unfold astonishment for you.

As of January 1, 2016, there are 40 active listings in Shadow Wood with the majority of the listings over the $1-million-dollar mark. There are 31, single-family, listed homes ranging from $499,000 to $1,945,000. The average list price is $1,121,890 and the average days on the market is 142 days. In the condo market, there are 9 active listings in Shadow Wood. Ranging in price from $324,900 to $549,000. The average list price is $411,744 and the average days on the market is 77.

• Within the last 12 months, there were 23 sales; the average sales price was$333,187; and, these condos were on the market an average of 63 days
• During the 12 months previous, there were 25 sales; the average sales price was$305,540; and, these homes were on the market an average of 115 days

• During the last 12 months, there were 56 sales; the average sales price was$981,819; these homes were on the market an average of 93 days
• During the 12 months previous, there were 66 sales; the average sales price was$888,257; and, these homes were on the market an average of 96 days

 

Shadow Wood JANUARY Events

Be sure to fill your calendar with 2016 events at Shadow Wood. Here is January’s event schedule:

January 9 – Perfect Pair Food & Wine
January 16 – Cirque du Soleil Dinner Show
January 28 – Book Review

Golf Events
January 7 – Men’s ABCD Team Challenge
January 12 – Ladies Guest Day
January 14 – Men’s Guest Day
Jan 25/26 – Ladies Member/Member

 

Click here for membership information.

Bonita/Estero: November 2014 vs. November 2015:

• Overall number of active listings: 764 vs. 861
• Overall closed sales: 119 vs. 122
• Single-family median sale price: $297,000 vs. $295,200
• Multi-family median sale price: $250,000 vs. $203,500
• Months of inventory during Nov. 2015: 4.9 months for single-family, 4 months for multi-family
• Percentage of list price for overall sales during Nov. 2015: 96.34 percent

 

Comparative Market Analysis (CMA) is essential to
determine the value of your Shadow Wood residential real estate. Location and characteristics of the property are the key elements in determining value. Therefore, the basis for valuation is similar properties in your area. The market analysis takes into account the amount received from recent sales of comparable properties and the quantity and quality of comparable properties currently on the market. The desired end result is to find a price that will attract a willing and able buyer in a reasonable time.Once the value of your Shadow Wood home has been determined, you can decide on an offering price that will achieve your goals. Generally, the price should not exceed the value by more than 5% or potential buyers may not even make offers. Naturally, if you want to sell quickly your asking price should be very near the value.The following are a few things to keep in-mind about pricing:

• Realistic pricing will achieve maximum price in a reasonable time
• Your cost or profit desire is irrelevant; the market determines the price
• The cost of improvements are almost always more than the added value
• Houses that remain on the market for a long time do not get shown
• A house that is priced right from the beginning achieves the highest proceeds