Shalimar Point Real Estate Market Briefing (Last 32 Days)
Shalimar Point Real Estate Market Briefing (Last 32 Days)
This briefing analyzes the recent real estate market trends in Lake Lorraine, Shalimar Point and Port Dixie Shalimar, FL 32579, based on data from the last 32 days.
Key Findings:
Slow Market Activity: The market appears to be moving slowly with 36 active listings, 7 pending, and zero properties sold within the reporting period.
Price Reductions: The average list price has decreased by 5.88%, with a median price reduction of 5.46%. This suggests sellers are adjusting prices to attract buyers.
Stale Inventory: A significant portion of listings are lingering on the market. Only 57.14% of listings are within the 0-30 day range, while 14.29% have been active for over 120 days.
Price Variability: The market features a wide range of properties, from a 2 bedroom, 2 bathroom home listed at $284,700 to a 7 bedroom, 7 bathroom estate priced at $2,799,000.
Detailed Insights:
Median Home Profile: The typical home in this market has 4 bedrooms, 3 bathrooms, and 2,181 square feet of living space. The median list price is $530,000, while the median sold price for the period is unavailable due to no recorded sales.
Days on Market: The average and median Days on Market (DOM) for listings are 91 and 54 days, respectively. This indicates a longer than average time to sell.
Price per Square Foot: The average list price per square foot is $261, but this figure doesn't reflect actual sale prices due to the lack of sales data in the period.
Conclusion:
The Shalimar Point real estate market is currently exhibiting signs of a slowdown. Price reductions and extended days on market suggest a potential shift in favor of buyers. However, the lack of sales data within the 32-day window limits a comprehensive analysis of actual market performance. Monitoring future sales data will be crucial to understanding the evolving trends in this market.
