December ‘data’ from the Resort Market . . .
The final update for 2015 revealed that 26 more homes sold during December than closed during November as 288 homes changed hands across the Resort area. The December median price was up 1.1% month on month to a revised $167,856 and up 4.1% from the December 2014 recorded median price of $161,237. The number of homes listed for sale stood at 1834 which recorded a fall month on month in all listing categories as normal owner listings fell by 52 at 172. Bank owned listings were down 23 at 75 and short sales decreased by 7 at 35. Homes that did sell during December achieved an average 96.6% of the listed price which was unchanged from November but up 0.3% compared to December 2014. The average days on market that a resort area home was listed is 132 which is 2 higher than November and 5 higher than the 127 day average witnessed in December 2014. The pipeline total of homes under offer/contract and awaiting closure at the year end stood at 420 which was 64 less than November and 9 down on the December 2014 year end total of 429. The number of homes withdrawn from the market during the past 30 days was 161. The existing resort area inventory when reviewed against December sales pace reveals a 6.3 month supply of home availability in December compared to the 7.1 month supply of November and 5.8 month supply level of December 2014.
Looking Back … 2015 At A Glance…
- Active = Active listings on 25th of respective month.
- A.D.O.M = Average days on market.
- SP/LP = Average price attained against asking price 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- EXP/WDN = Homes withdrawn from the market during the respective Month.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.
Closing Numbers … December 31st 2015…
1 G.B.P…Buys 1.482 U.S.D – 1 U.S.D…Buys 0.674 G.B.P
1 EURO…Buys 1.088 U.S.D – 1 U.S.D…Buys 0.918 EURO
1 CAN $…Buys 0.720 U.S.D – 1 U.S.D…Buys 1.387 CAN $
U.S Prime Interest Rate = 0.50%
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.