***Published on 1st January 2022***
December “data” from the Resort Area Market…
The last Team Donovan review of 2021 reveals that the median price of a resort area property has increased by 14.2% during the past 12 months increasing from from $250,305 in December 2020 to $286,600. Total inventory across the market has fallen significantly over the same period from the 1,306 homes available a year ago to the 385 listings available December 2021. The average days on market that a home took to close during December was 84 which compares to a 86 day total in November 2021 and the 99 days it was taking in December 2020. A home sold during the month closed at an average 99.4% of its listed price which compares to an average 97.4% twelve months ago. Not all homes that listed were successfully sold as 52 homes were withdrawn from the market which was 27 less than the 79withdrawn in the corresponding month a year ago. The pipeline number of homes under offer/pending closure stood at 684 which was a 28.2% increase on the pipeline total of 550 recorded twelve months ago. Total sales during the month of 483 was down from the previous months 505 closings but 68 sales higher than the December 2020 closed total of 415. The year end total number of available listings when considered against current speed of sales indicates a 0.8 month home supply in December which was the same as last month but much lower than the 3.2 month supply level recorded during December 2020.
Looking Back … 2021… 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- EXP/WDN = Homes withdrawn from the market during the respective Month.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 2021…
1 G.B.P…Buys 1.347 U.S.D – 1 U.S.D…Buys 0.742 G.B.P
1 EURO…Buys 1.132 U.S.D – 1 U.S.D…Buys 0.883 EURO
1 CAN $…Buys 0.787 U.S.D – 1 U.S.D…Buys 1.270 CAN $
U.S Federal Prime Interest Rate = 3.25%
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.