It is January 2025! A new year brings new opportunities. While the market determines the price of a home, Sellers and Buyers negotiate to their own benefit. Sellers desire a certain price; yet they will only get the price if a Buyer is willing to pay. Buyers want a lower price and completely updated house; however, they will only get it if there are no other buyers in competition. Timing also plays a key role.
Five homes are For Sale and have been on the market 42-117 days (according to NEFAR MLS 12/16/24):
- 10060 Deercreek Club, 3,073 sf, pool home & golf course view, Listed at $759,000.
- 8278 Persimmon Hill, 5,121 sf pool home, Listed at $1,365,000.
- 7819 McLaurin Rd N, 4,817 sf pool home with golf & lake view, Listed at $1,390,000.
- 10417 Cypress Lakes, 3,859 sf home, Listed at $1,124,000.
- 8250 Ashworth, 3,134 sf home, Listed at $840,000.
Three homes sold the last 3 months, ranging in price from $620,000-$817,500. Days on Market ranged from 65-124 days. The most recent sale is 8208 Hampton Lake Ln which sold for $700,000.
Two homes are Under Contract and on the market from 75-110 days:
- 9912 Margate Hills, 5,158 sf, Listed at $1,400,000.
- 9934 Chelsea Lake Rd, 5,57 sf, Listed at $1,749,000.
My recent experience has seen Buyers wanting to completely renovate the interior of their new home. This has an impact on prices Buyers are willing to pay to purchase the home. Another impact on prices is whether the Seller or Buyer is paying the commission for the Buyer’s Broker Agent. Still some Sellers prefer to sell via For Sale By Owner. The benefits may be worth the hassle, yet statistics show FSBOs typically sell below market value. Options and opportunities, only you can decide what is best for you!