WOODMONT GOLF & COUNTRY CLUB REAL ESTATE YEAR IN REVIEW 2014
61 Homes Sold In 2014 Homes Sold By Price Bracket • • • • • •
$200’s $300’s $400’s $500’s $600’s $700’s+
6 of 61 (9.8%) 25 of 61 (41.0%) 20 of 61 (32.9%) 7 of 61 (11.5%) 2 of 61 (3.2%) 1 of 61 (1.6%)
Basement Type Slab, Finished, Unfinished • • •
Slab Finished Unfinished
* Data Source: FMLS Woodmont, Wexford and Cadence 2014 Closed Sales
17 of 61 (27.9%) 21 of 61 (34.4%) 23 of 61 (37.7%)
61 Homes Sold In 2014 Basement Type By Price Point
Sale Type New, Resale, Foreclosure
Price $200’s $300’s $400’s $500’s $600’s $700’s+
Slab 4 7 6 0 0 0
Finished 1 5 9 3 2 1
Unfinished 1 13 5 4 0 0
• • •
JWH New Re-Sale Foreclosure
* Data Source: FMLS Woodmont, Wexford and Cadence 2014 Closed Sales
20 of 61 (32.8%) 37 of 61 (60.6%) 4 of 61 (6.6%)
61 Homes Sold In 2014 For Homes That Sold In 2014, How Many Sold For More Or Less Than The Seller Originally Paid (Sorted By The Year They Originally Bought The Home) Original Purchase Year 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013*
Sold For More 1 2 1 0 3 0 0 1 2 0 1 3 3 7
Sold For Less Less • Ave Re-Sale Sales Price $411,027 0 • Ave Orig Purch Price $391,189 0 • Ave Profit/Loss On Sale +$19,838 1 0 • Ave % Profit/Loss On Sale +5.1% 0 1 5 2 Housing Prices Peaked In Early 2006 3 Before The Ensuing Market Collapse 3 0 Real Estate Market Begins To Dig 0 Out Of The Hole Created By 0 The Crash And Becomes Healthy 2
* 4 Foreclosures of homes originally purchased in 2013 sold in 2014; 3 were sold for more than original purchase price and 1 was for less
When Homes Went Under Contract 2008 Thru 2014 Woodmont Wexford Cadence WOODMONT MONTH TO MONTH ACTIVITY BY UNDER CONTRACT DATE (2008 - 2014) 2008 2009 2010 2011 2012 2013 2014
Jan
Feb
March
April
May
June
July
Aug
Sept
Oct
Nov
Dec
Total
4 1 2 3 0 3 6
3 2 3 2 3 2 7
2 9 13 3 10 3 10
3 3 6 3 7 9 5
3 2 8 3 7 13 8
5 7 1 5 2 5 7
4 1 4 6 4 5 7
6 2 4 8 5 8 5
4 2 1 0 6 5 1
1 5 2 7 5 4 5
2 0 5 3 5 3 3
0 1 2 5 4 3 3
37 35 51 48 58 63 67
14 12
Based on FMLS
10
2008
8
2009 2010
6
2011
4 2012 2
2013
0
2014 Jan
Feb
March
April
May
June
July
Aug
Sept
Oct
Nov
Dec
data for date the home went under contract; not the closing date; intended to show when the actual activity occurred.
FOR MORE INFORMATION REGARDING THE WOODMONT MARKET AND HOW IT IMPACTS YOU, PLEASE CONTACT JEANINE BLUMER AT
678-858-4927 The Woodmont expert since 2002