January 2020

***Published on 1st January 2020***

December “data” from the Resort Area Market…

The last Team Donovan review of 2020 reveals that the median price of a resort area home has climbed 10.9% from a year ago to stand at $234,156 from $213,500 . The total market inventory was also higher with a 11.4% increase from 1,252 listings a year ago to 1,431 in December 2019.  The average days on market that a home takes to sell stood at 98 which was 4 lower than it took a year ago but one higher than the 97 days achieved last month.  A sold home in our market achieved on average 97.5% of its listed price which is the same percentage achieved a year ago and also in November 2019. The number of homes withdrawn from the market during December having failed to sell was 50 which compared to 82 in December 2018 and 71 during November 2019.  Homes under offer/contract awaiting closure which provides an insight into the pipeline of forward closings stood at 429 in December which compared to 487 last month and a 405 pipeline total one year ago. Completed sales were 0.2% higher twelve months ago at 299 closings but down 5% from the 314 sales of November 2019. The total year end number of listings when considered against pace of sales indicates a 4.7 month availability of home inventory which is up from a 4.5 month level last month and also up on the 4.3 month total calculated a year ago.

Looking Back … 2019… Key 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• EXP/WDN = Homes withdrawn from the market during the respective Month.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.