December “data” from the Resort Area Market…
The final Team Donovan review of 2020 (a year like no other!) reveals that the the median price of a resort area home has climbed 6.9% over the past 12 months rising from $234,156 in December 2019 to $250,305. Overall inventory levels when compared to 12 months ago detail a fall of 125 listings from 1,431 homes a year ago to 1,306 in December 2020. The average days on market that a home takes to sell stood at 99 and was 1 higher than it took twelve months ago and 5 more days than the 94 achieved in November 2020. A home that sold during December secured on average 97.4% of its listed price which compares to 97.5% last month and 97.8% a year ago. Total sales of 415 homes were little changed from the previous months 417 closings but were 116 sales up on the December 2019 total of 299. Meanwhile 79 homes were withdrawn from the market during the past month having failed to sell compared to the 50 withdrawn in the corresponding month one year ago. The pipeline number of homes under offer/pending closure stood at 550 as at the month end which was a 28.2% increase on the pipeline total twelve months ago. The year end total number of listings when reviewed against current speed of sales suggests a 3.2 month home supply which was down from the 3.4 month level last month and also lower than the 5 month supply level recorded in December 2019.
Looking Back … 2020… 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- EXP/WDN = Homes withdrawn from the market during the respective Month.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.
Closing Numbers … December 31st 2020…
1 G.B.P…Buys 1.364 U.S.D – 1 U.S.D…Buys 0.733 G.B.P
1 EURO…Buys 1.228 U.S.D – 1 U.S.D…Buys 0.814 EURO
1 CAN $…Buys 0.785 U.S.D – 1 U.S.D…Buys 1.273 CAN $
U.S Federal Prime Interest Rate = 5.5%
Team Donovan publishes 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.