Watercolor Beach Day
Watercolor homes for sale are doing well with the September 2015 market snapshot below. The absorption rate dropped year-over-year (YOY) by 11.12% and year-to-date (YTD) by 1.13% so it will take less time to sell current inventory. Average list price jumped a solid 15.78% YOY and 11.58% YTD. Median list price increased by 14.48% YOY and 8.27% YTD. On the other hand, average sale price dropped a whopping 28.18% YOY but still maintained a YTD increase of 15.57%. With more YOY drops like that YTD numbers are sure to take a major hit. Median sale price held its own in the positive with a 1.83% gain YOY while holding onto a strong 10.47% for the year. Average days on market fell 23.68% YOY but is up 15.67% for the year so overall it’s still taking longer to sell homes in Watercolor in 2015 as compared to 2014. Median days on market sky-rocketed to 57.14% YOY and sits at 1.56% YTD. Sold listings for the month are dead even with 2014 while YTD are just over 6% higher than 2014. Pending sales were up 83.3% for September! YTD pending sales are up a strong 15.2% so this market continues to show resiliency in sales. Active listings are down 4.8% YOY and 5.5% YTD with new listings up YOY 14.3% and down 8.3% YTD so we could be looking at a shortage of Watercolor Homes for Sale if this keeps up.
SUMMARY STATISTICS |
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|---|---|---|---|---|---|---|
| Sep-15 | Sep-14 | % Chg | 2015 YTD | 2014 YTD | % Chg | |
| Absorption Rate | 10.79 | 12.14 | -11.12 | 11.34 | 11.47 | -1.13 |
| Average List Price | $1,884,448 | $1,627,650 | 15.78 | $1,765,346 | $1,582,080 | 11.58 |
| Median List Price | $1,597,000 | $1,395,000 | 14.48 | $1,499,495 | $1,385,000 | 8.27 |
| Average Sale Price | $1,110,833 | $1,546,667 | -28.18 | $1,515,478 | $1,311,270 | 15.57 |
| Median Sale Price | $1,110,000 | $1,090,000 | 1.83 | $1,287,000 | $1,165,000 | 10.47 |
| Average CDOM | 116 | 152 | -23.68 | 251 | 217 | 15.67 |
| Median CDOM | 77 | 49 | 57.14 | 130 | 128 | 1.56 |
