Year End 2011 Market Report

 

Where does the time go? We are are already in 2012! I want to thank you for your support and confidence which made 2011 the most productive year for me since the downturn in 2007.

I hope you will find these figures interesting, showing the sales activity in Homestead in the Willows, Homestead Farm, and Homestead Farm II, most of which are recorded in the Multiple Listing Service.  I have included any FSBOs I knew about.  If you have any questions, please, as always feel free to contact me.

Using weighted averaging, I have calculated the appreciation (depreciation) of home values in all of Homestead for 2011 to be -3%.  The total average sales price of single family homes in Homestead rose by almost 1% from 2010 to 2011; but this was because a greater number of larger & expensive homes sold, and a lesser number of smaller & inexpensive ones closed in 2011.  Interestingly a short sale Barrytown sold last year for the lowest price on any model in Homestead since 2001; while same period a Wolcott model sold for the highest price ever!  Just a taste of the contradictory happenings in 2011!  The average inventory of homes for sale in all of Homestead has steadily risen from 14 in 2008 to 18 in 2011, with only 12 for sale right now!  The good news is that interest rates currently are at 3.75% (30 year fixed rate, conforming, 0+1), versus 4.625% this time in 2011.  Also we saw a 17% increase in the number of homes sold in Homestead in 2011 over 2010!  As there are not many homes currently for sale, yet definite demand from buyers, we may see positive appreciation for 2012!!

According to my calculations in Homestead, we've seen appreciation of approximately:

1981

1982

1983

1984

1985

1986

1987

1988

1989

1990

1991

1992

1993

  1994  1995

 1996

13%

12%

0%

1%

-1%

0%

-1%

0%

-1%

5%

5%

10%

 12%

   11%    1%

 3%


1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

  2008  2009  2010

2011 

4%

10%

12%

14%

11%

2%

0%

5%

5%

3%

 7%

   2%    0%   0%

 -3%

 

If you are considering a move, or know of anyone who is, please contact me.  ReMAX continued in 2011 to outperform all other companies in sales in Homestead by a huge margin. Also in the last 10 years I personally have helped over 4 times more Homestead homeowners sell their homes than my next competitor.  I promise you the best professional service available.  With our market share, selling strategies, corporate relocation contacts, and my expertise in Homestead, I sincerely believe I can help you obtain the highest price for your home in the shortest amount of time.

Click here to view HOMESTEAD homes

 

(This is only a partial reproduction of the year end 2011 market report.
 For a full copy by mail please free free to contact me.)


 

SANFORD HOMES RECORDED IN MULTIPLE LISTING SERVICE      1 - Average Sales Price   2 - Low-High Sales Price   3 - Number Reported Sold
MODEL   2006 2007 2008 2009 2010

      2011     

Wolcott              
3 Bedroom 1 $317, 643 $309,000 $307, 429 $353,000 $319,875    $335,000  
1742-1786
Sq.Ft.		 2 $305,000-
$341,000		 $295,000-
$325,000		 $285,000-
$323,500		 $353,000-
$353,000		 $310,000-
$345,000

 $295,000-$375,000

4 Level 3 7 Sold 4 Sold 7 Sold 1 Sold 4 Sold

 2 Sold

Stockton              
3 Bedroom 1 $294,125 $339,975 $343,111 $324,180 $319,500

 $339,880

1749-1769
Sq.Ft.		 2 $278,500-
$331,000		 $300,000-
$424,900		 $300,000-
$385,000		 $265,000-
$404,900		 $250,000-
$358,500

 $256,280-$375,000

2 Story 3 4 Sold 4 Sold 9 Sold 5 Sold 3 Sold

 6 Sold

Westbury              
3 Bedroom 1 $413,567 $330,000 $412,250 $426,800 $386,430

 $479,425

1962 Sq.Ft. 2 $325,000-
$568,000		 $330,000-
$330,000-		 $326,500-
$637,500		 $327,000-
$641,000		 $282,000-
$627,000

 $322,700-$637,000

4 Level 3 6 Sold 1 Sold 4 Sold 5 Sold 5 Sold

 4 Sold

Mill Valley              
3 Bedroom 1 0 $445,750 0 $345,000 $390,000

 $341,500

1994 Sq.Ft. 2 0 $377,500-
$514,000		 0 $345,000-
$345,000		 $390,000-
$390,000

 $335,000-$348,000

4 Level 3 0 Sold 2 Sold 0 Sold 1 Sold 1 Sold

 2 Sold

Huntington              
4 Bedroom 1 $359,250 $430,375 $353,250 $365,280 $367,950

 $370,000

2074 Sq.Ft. 2 $295,000-
$412,000		 $355,000-
$489,000		 $331,500-
$375,000		 $328,400-
$407,000		 $351,000-
$384,900

 $370,000-$370,000

2 Story 3 4 Sold 4 Sold 2 Sold 5 Sold 2 Sold

 1 Sold

Berkshire              
4 Bedroom 1 $336,583 $444,500 $383,633 $370,000 $355,750

 $341,250

2450 Sq.Ft. 2 $265,000-
$403,000		 $406,500-
$482,500		 $365,900-
$405,000		 $370,000-
$370,000		 $340,000-
$371,500

 $310,000-$372,500

Ranch 3 6 Sold 2 Sold 3 Sold 1 Sold 2 Sold

 2 Sold

Middleton              
3 Bedroom 1 $501,250 $467,870 $513,900 $443,200 $464,020

 $444,540

2246 Sq.Ft. 2 $382,500-
$620,000		 $410,000-
$515,000		 $460,000-
$602,000		 $384,000-
$522,000		 $390,000-
$519,000

 $283,000-$545,000

2 Story 3 2 Sold 5 Sold 5 Sold 5 Sold 5 Sold

 5 Sold

Barrytown              
4 Bedroom 1 $422,363  $425,125 $439,905 $412,210  $399,826

$388,805 

2151-2207
Sq.Ft. 		 2 $374,900- $488,000  $368,000-$490,000 $365,000-$520,000 $314,250- $527,000  $335,000-$489,000

 $248,000-$485,000

2 Story 3 8 Sold  8 Sold 8 Sold 5 Sold  9 Sold

 5 Sold

Middleton              
4 Bedroom 1 $417,333 0 0 $570,500  $457,000

 0

2344 Sq.Ft. 2 $395,000- $444,000 0 0 $499,000- $623,000  $457,000-$457,000

 0

2 Story 3 3 Sold  0 Sold  0 Sold 4 Sold  1 Sold

 0 Sold

Livingston              
4 Bedroom 1 $426,400  $402,450 $425,000 $529,000  $600,000

 $318,100

2422-2441
Sq.Ft. 		 2 $363,000- $475,000  $380,000-$424,900 $425,000-$425,000 $529,000- $529,000  $600,000-$600,000

 $318,100-$318,100

4 Level 3 5 Sold 2 Sold 1 Sold 1 Sold 1 Sold

 1 Sold

Hamilton              
4 Bedroom 1 $435,307  $492,091 $522,300 $442,106  $517,500

 $464,475

2422-2460
Sq.Ft. 		 2 $350,000- $539,000  $405,000-$580,000 $455,000-$590,000 $370,000- $500,000  $445,000-$595,000

 $316,000-$550,000

2 Story 3 14 Sold 11 Sold 5 Sold 7 Sold 4 Sold

 16 Sold

Berkshire II               
4 Bedroom 1 $389,500  $390,000 $465,000 $376,000  $406,333

 $410,000

2800-2890
Sq.Ft. 		 2 $389,000- $390,000  $390,000-$390,000 $465,000-$465,000 $376,000- $376,000  $389,000-$430,000

 $380,000-$425,000

Ranch 3 2 Sold 1 Sold 1 Sold 1 Sold 3 Sold

 3 Sold

Benedict              
5 Bedroom 1 0  $404,333 $420,833 $456,505  $475,000

 $422,000

2433-2490
Sq.Ft. 		 2 0  $375,000-$438,000 $412,500-$430,000 $376,010- $537,000  $475,000-$475,000

 $414,000-$430,000

2 Story 3 0 Sold 3 Sold 3 Sold 2 Sold 1 Sold

 2 Sold

Putnam              
5 Bedroom 1 $361,625  $500,333 $412,500 $525,970  $485,500

 $495,900

2552-2623
Sq.Ft. 		 2 $338,000- $400,000  $425,000-$605,000 $412,500-$412,500 $524,000- $527,940  $430,000-$530,000

 $465,000-$515,000

2 Story 3 4 Sold 6 Sold 1 Sold 2 Sold 4 Sold

 4 Sold

Manor House               
4 Bedroom 1 $577,500  $632,300 $692,000 $721,000  $715,000

 $626,500

 2819-2950 Sq.Ft.  2 $530,000- $625,000  $604,600-$660,000 $684,000-$700,000 $621,500- $875,000  $715,000-$715,000

 $626,500-$626,500

2 Story 3 2 Sold 2 Sold 2 Sold 3 Sold  1 Sold

 1 Sold

               
TOTAL 1 $396,688  $441,014 $419,522 $444,501  $421,828

 $425,240

  2 $265,000- $625,000  $295,000-$660,000 $285,000-$700,000 $265,000- $875,000  $250,000-$715,000

 $248,000-$626,500

  3 67 Sold 55 Sold 51 Sold 48 Sold 46 Sold

 54 Sold