Home Sales Review
How are home sales in the community doing this year as opposed to the previous four years? Reviewing the stats, we see the number of homes sold and days on market are in stride with what has been occurring prior to 2022, which was the best year ever for home sales not only in the community but in Florida and nationwide.
Here’s a review:
Between January 1 and April 30, 2023, 15 homes closed. Of those homes, the average time homes were on market was 67 days with the longest being 147 days.
Looking at 2019, the year before the pandemic, between January 1 and April 30, 2019, 17 homes closed. Of those homes, the average days on market were 97 days with the longest being 345 days.
Looking at the pandemic years from 2020 to 2022, the statistics were ever changing.
Between January 1 and April 30, 2020, only 12 homes were sold and the average days on market were 31 days with the longest days on market as 253 days.
Between January 1 and April 30, 2021, 17 homes were sold and the average days on market were 57 days with the longest being 235 days.
Between January 1 and April 30, 2022, 20 homes were sold with the shortest number of days on market at 28 days with 112 days as the longest.
Reviewing the total number of homes, there were 41 homes sales each year between 2017 to 2019 but that number jumped to 46 sales each in 2020 and 2021. The year of 2022 saw the largest number of home sales with 56 sales for the year.
“It’s not a surprise that residents feel like there are not as many homes being sold and they are not being sold as quickly because we are coming off the best year for home sales--just like most of the nation--due to the perfect storm of record low interest rates and low inventory,” noted Broker Marty Pozgay. “The year of 2022 will probably stay as the top year for sales for a long time, so we have to adjust our expectations.”
With 41 homes being the norm for annual home sales at Americana Cove, Pozgay says that is what he is expecting for 2023. He also expects homes to take between 60 to 90 days to sell, which was the normal selling time prior to the pandemic years.