by Ben Guyton
Let’s look at the Barefoot real estate market. For this article we will compare the 4th quarter of 2016 against the same period of 2015 and add in the market data for how the whole year ended up against the previous year as well.
For single family homes, the data must be looked at in two segments; existing homes (like yours) and new homes (from a builder). For the resell segment, the number of homes sold and the selling price of those homes both declined slightly in the 4th quarter compared to 4th quarter of 2015 and for the year.
Single family homes
- 2016 Re-sell: 42 sold @ $342,262 ave
- 2015 Re-sell: 50 sold @ 347,150 ave
- 2016 New Homes: 42 sold @ $346,472 ave
- 2015 New Homes: 24 sold @ $368,262 ave
There are currently 46 new and existing homes either available or pending in the Resort. This represents an 11.5 month supply.
The condo and townhome market saw increases in both the number sold and the price they got when selling. These increases carried through for the year. The supply of condos/townhomes has remained steady throughout the year in most neighborhoods with the exception of Edgewater, which increased in the second half of 2016 and remains high today.
Condo / Townhomes
- 2016: 188 sold @ $186,832 ave
- 2015: 169 sold @ $183,080 ave
There are currently 153 condo/townhomes either pending or available on the market in Barefoot. This represents a 15 month supply.
Lots sold
- 2016: 11 lots sold
- 2015: 15 lots sold
Lot sales have declined and all take place in either Tuscan Sands or The Dye Estates. The decline is mostly due to somewhat limited supply in those neighborhoods and pricing as compared to other areas where developed lots are available.
If you have any questions about the appraisal process, or the market information specific to your neighborhood, please email me anytime.
You can reach me at ben@benguyton.com or by phone at 843-241-1929. If you have a suggestion for future articles, please send those too! I hope you have a wonderful Spring and I’ll see you around the Resort!
– Ben