01 Oct Shadow Wood at the Brooks Real Estate News | October 2020
As of October 1, 2020, there are 32 active listings in our area multiple listing service (MLS) in Shadow Wood; 8 less than last month. There are 24 single-family homes ranging in price from $539,000 to $1,979,000. The average list price is $1,172,562 and the average days on the market is 139. The combined days on the market is 253. In the condo market, there are 8 active listings in Shadow Wood, ranging in price from $254,000 to $575,000. The average list price is $407,600 and the average days on the market is 126. Combined days on the market is 193.
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SUMMARY OF SHADOW WOOD HOME SALES
SHADOW WOOD CONDOs
- Within the last 12 months, there were 31 sales; the average sales price was $357,332; and, these condos were on the market an average of 107 days; combined days on the market is 234.
- During the 12 months previous, there were 29 sales; the average sales price was $357,031; and, these homes were on the market an average of 110 days; combined days on the market is 194.
SINGLE-FAMILY SHADOW WOOD HOMES
- During the last 12 months, there were 50 sales; the average sales price was $905,258; and, these homes were on the market an average of 102 days; combined days on the market is 236.
- During the 12 months previous, there were 64 sales; the average sales price was $825,173 and, these homes were on the market an average of 114 days; combined days on the market is 233.
For a list of SHADOW WOOD homes sold in the last 12 months, click here.
For a list of SHADOW WOOD homes that are pending at the moment, click here.
September 2020 Market Update
ONE OF THE BEST SEPTEMBERS IN 20 YEARS
“September is usually a quiet month – but not this year,” said Mike Hughes, Vice President of Downing- Frye Realty, Inc. “This September our closed sales were up 41 percent over last September, and our pending sales were up an incredible 63 percent – making it one of the best Septembers in the last 20 years. Pending sales in the $1 million+ market were up 78 percent compared to last September. The high-end buyers are not waiting to purchase later in the season. They’re here now (or virtually here) making their picks while there are still choices. (Purchasing earlier helps buyers avoid multiple-offer situations.) And, due to the incredible work of our listing agents, our inventory of available properties increased last month despite having 250 closings. We’ve now closed $162 million in volume for two months in a row.”
BONITA /ESTERO: BUYER DEMAND CONTINUES
Area brokers have reported that buyers are challenged with finding homes to buy, as inventory for resale homes continues to shrink. The market is still seeing an influx of buyers from the Northeast and Midwest United States, and if Canada lifts their Covid-19 safety ban of entry into the United States prior to the beginning of 2021, the demand could increase more. In comparing August 2020 activity with the previous August: new listings increased by 36.5 percent, pending sales increased by 82.7 percent, and closed sale units by 30.5 percent. The median closed sales price in August 2020 was $335,500, up 9.8 percent from August 2019.
FLORIDA: HOUSING MARKET SHOWS GAINS
Florida’s housing market reported more closed sales, more new pending sales, higher median prices and more new listings in August compared to a year ago. Single family existing homes sales (29,495 homes) were up 8.8 percent compared to August 2019, while existing condo-townhouse sales (11,100 homes) increased 10.3 percent.
The statewide median sales price for single-family existing homes was $300,000, up 13.2 percent from the previous year, and for condo-townhouse units was $217,500, up 14.5 percent. New listings rose year-overhear in both property type categories in August, up by 2 percent for single-family existing homes and 15.1 percent for condo and townhouse units. Inventory (active listings) remains restricted, particularly in the single-family existing home category, which was at a limited 2.3-months’ supply in August.
USA: HIGHEST LEVEL OF SALES SINCE 2006
Existing home sales continued to climb in August, marking three consecutive months of positive sales gains, and up 10.5 percent from a year ago. The median existing home price for all housing types in August was $310,600, up 11.4 percent from August 2019 ($278,800), as prices rose in every region.
Total housing inventory at the end of August totaled 1.49 million units, down 0.7 percent from July and down 18.6 percent from one year ago. Sixty-nine percent of homes sold in August 2020 were on the market for less than a month. First-time buyers were responsible for 33 percent of sales in August, while individual investors or second home buyers, who account for many cash sales, purchased 14 percent. Distressed sales – foreclosures and short sales – represented less than 1 percent of August’s sales. Properties typically remained on the market for 22 days in August, down from 31 days in August 2019.
Sources: The Bonita Springs-Estero Assoc. of REALTORS®, Naples Area Board of REALTORS®, National Assoc. of REALTORS®, Florida REALTORS®.
At Shadow Wood Country Club, the health and safety of membership is a top priority. Staff are working hard to attempt to limit Club members’ and staffs’ exposure to the virus while continuing to provide members access to Club amenities.
Shadow Wood’s newest restaurant, the Golfside Grill, is offering prepared meals for curbside pick-up, Executive Chef Richard Crisanti and his team put together a menu of delicious meals to include both family-style and individual sizes. This curbside service is in-place for pickup of your prepared meals for you to enjoy in the comfort and safety of your own home! To view the to-go menu, click here. In addition to providing prepared meals, Shadow Wood is proud to offer their members a selection of items to purchase if there are necessities that we can assist them with to fill their pantry or fridge. To view the list of groceries available for member purchase, click here.
Visit the blog post to read more about how you can get involved as a Shadow Wood member: visit the blog here.
Why Chose Me as Your REALTOR®?To learn more about me and my real estate business, I encourage you read the About Ed section as well as the Testimonial section of the site. Over the years, my clients have expressed their satisfaction in my services and I’ve showcased their kind words so you can determine if I am the right REALTOR® to represent you.
If you are curious as to my sales success, visit my Sold Homes page. This gives a clear picture of exactly what I’ve accomplished and, more importantly, what I can accomplish for you.