***Published on 1st January 2018***
December “data” from the Resort Area Market…
The final sales activity review of 2017 revealed that the total number of homes listed for sale in the resort area stood at 1,500 which represented a 30.7% decrease in available inventory compared to the December 2016 total of 2,030. Month on month listings were 70 up on last months 1,430. By listing type, the December inventory comprised 1,450 normal owner listings, down 34.4% from the 1950 December 2016 total. Bank owned listings month on month were down 2 at 29 while short sales also fell by 2 to 21 which compares to 45 bank owned homes and 35 short sales one year ago. Total sales during December of 337 were 25 higher than the corresponding month last year but down 7 from the 343 total sold in November 2017. Homes that closed during December achieved on average 97.1% of the final listed price which was was unchanged from last month and little changed on the 97% level being achieved one year ago. Homes that changed hands did so after an average 133 days on the market which was one less than it took a year ago. The December median price was up 11.3% from $182,056 to $202,706 with a month on month rise of 0.5% from the November price of $201,611. The pipeline number of homes under offer/contract awaiting closure as at the year end stood at 473 which is 90 less than November but just 1 lower than the 474 total of December 2016. The months total number of homes withdrawn from the market having failed to sell whilst listed was 109. The total resort area inventory reviewed against sales pace in December suggests a 4.3 month level of home supply availability compared to a 4.2 month supply in November 2017 and the 6.4 month supply level of December 2016.
Looking Back … 2017 Performance Numbers At A Glance…
- Active = Active listings as at 25th of each respective month.
- A.D.O.M = Average days that a home spends on the market.
- SP/LP = Average price attained compared to asking price and expressed as a %.
- EXP/WDN = Homes withdrawn from the market during the respective Month.
- PEND = Homes recorded as under offer/contract at the respective month end.
- SLD = Homes that sold or closed during the indicated Month.
- Supply = The total supply of available inventory based on the respective months sales pace.
Closing Numbers … December 31st 2017…
1 G.B.P…Buys 1.352 U.S.D – 1 U.S.D…Buys 0.739 G.B.P
1 EURO…Buys 1.198 U.S.D – 1 U.S.D…Buys 0.834 EURO
1 CAN $…Buys 0.796 U.S.D – 1 U.S.D…Buys 1.255 CAN $
U.S Federal Prime Interest Rate = 1.0-1.5%
Team Donovan publish this updated monthly report on the 1st of each month for the benefit of all Worldwide Central Florida absentee owners. Our individual community reports are updated and published on the 15th of each month. If you are considering selling your own property in the future please do feel free to contact us, as we would be delighted to discuss the marketing of your own home in more detail.