COMPARATIVE MARKET ANALYSIS

SUMMARY REPORT: Residential Summary Statistics

Since January 1 of 2022 through December 31, 2022 there have been 95 homes that have sold compared to 110 in 2021 . Keep in mind this does not include Del Webb or the Village and the Vue. The average dollar per foot since then that homes sold for was $358.00 and in 2021 it was $315.00 per foot for an increase of 9% year over year. The lowest price home so far this year has been $650,000 and the highest has been $2,977,000 or $578.00 per foot. There were 4 homes this year that sold for over 2 million dollars in Somersett. So what happened in the market last year, it went up 15% until the end of July and then started to go down and the net gain was about 9%. Since then we have seen prices adjusting 10-15% down from the high to get sold. I do think we will be busy this year with prices going up 5-7%. The luxury or high end market in Somersett has been doing great and there is still a strong demand for high end properties in Somersett. Especially golf course and high quality view homes, and one level homes. Since January of 2022 there were 81 Del Webb homes that have sold compared to 65 in all of 2021 at an average of $373.00 per foot. In all of 2021 the avg dollar per foot that homes were selling for was $342.00 per foot for an increase of 8%. It all comes down to location on these and whether or not they have a view. The good lots are definitely getting a premium and are still selling well. In the Village and the Vue there were 11 homes that sold in 2022 compared to 34 in 2021. The median selling price was $262.00 per foot and in all of 2021 it was $246.00 per foot for an increase of 6%