Spring Buyer Surge Is Setting Up A Strong Summer
We’ve seen the World Golf Village housing market really take off in the past few months as we have settled into Spring and prepare for Summer. Current listings are being sold at a blistering pace and listing prices are rising. While relatively modest, the increase in average sales price per home is trending towards a more seller-friendly market that will benefit anyone looking to sell their house in the next few months.
Lots Of Activity
One of the biggest hallmarks of the Spring home rush is a large number of houses that are sold once winter finishes. In April there were 78 listings sold, which is a high mark for the year! This is almost double the 46 homes we saw sold in December. We are expecting this to continue strong into the summer months of June, July, and August.
Slight Increase In Sales Prices
We saw a 1% increase in the average sales price in April compared to March. This comes out to an increase of $600. While not a huge amount, it is showing an upward trend which points to a market that may be more friendly for sellers. If the strong buyer activity continues, we may begin to see a shortage in available homes for them to purchase. This will create a premium for current homes on the market and raise prices in World Golf Village.