04 Jun Shadow Wood at the Brooks Real Estate News | June 2018
As of June 1, 2018, there are 71 active listings in Shadow Wood; 19 less than last month. There are 48 single-family, listed homes ranging from $469,000 to $2,800,000. The average list price is $1,065,956 and the average days on the market is 105 days. Combined days on the market is 169. In the condo market, there are 23 active listings in Shadow Wood, ranging in price from $295,000 to $599,000. The average list price is $414,061 and the average days on the market is 146. Combined days on the market is 159.
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SUMMARY OF SHADOW WOOD HOME SALES
- Within the last 12 months, there were 29 sales; the average sales price was $391,990; and, these condos were on the market an average of 96 days; combined days on the market is 163.
- During the 12 months previous, there were 27 sales; the average sales price was $403,398; and, these homes were on the market an average of 99 days; combined days on the market is 177.
- During the 12 months previous, there were 61 sales; the average sales price was $899,063; and, these homes were on the market an average of 104 days; combined days on the market is 183.
- During the 12 months previous, there were 48 sales; the average sales price was $969,130; and, these homes were on the market an average of 118 days;combined days on the market is 204.
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NEWS RELEASE: Post-Recession Buyers Look at Housing Differently
JUNE 2018 MARKET UPDATE
BONITA /ESTERO: INCREASED PENDING SALES
FLORIDA: AFFORDABLE LISTINGS SCARCE
USA: NEED MORE NEW HOMES
An increase in housing supply is crucial to the health and sustainability of the real estate market and the economy. If supply and demand continues to become more and more out of balance, it could trigger a fast price growth said NAR Chief Economist Lawrence Yun. Ken Simonson, chief economist for Associated General Contractors of America said, “Construction saw a 30 percent drop in employment in the previous decade, the largest drop of any industry. They also began laying people off a year before the recession began and did not start hiring again until much later than other industries.” This has led to difficulty in bringing skilled laborers back to the industry. Material costs have also gone up: diesel fuel cost has risen 42 percent since 2017, lumber and plywood cost increased by 11 percent, copper and brass mill shapes have risen 10 percent.
Most Recent Blog: A Look Back On The 2017-2018 Season & What this Summer has In-Store
“Between October and May, our team hosts around 600 events between golf, tennis, bocce, social and dining. Often times, there will be as many as 4 to 5 events per day. Needless to say, there is always something going on at Shadow Wood, and enough variety within these events to accommodate all our different members and different membership categories.” For more information and to find out what “Summers at Shadow Wood” are like, visit the blog here.
Safeguarding Your House during Open Houses.
A Word from Downing-Frye Broker & General Manager Mike Hughes