2490 Monument Road PRESENTED BY Laura Rosener Your Neighbor and Amelia View Real Estate Specialist REAL ESTATE MARKET REPORT DECEMBER 2022 www.AmeliaViewLiving.com AMELIA VIEW Get Current Listings, Market Activity, Home Assessments, and more instantly at www.AmeliaViewLiving.com Happy Holidays! May the end of 2022 bring you happiness, good health, and a moment of reflection before we begin a new year. I appreciate your time and am always here to help with any future real estate goals in the coming year. Here is to all the best in 2023! today, and creates a vision for tomorrow.” -
PREPARED ESPECIALLY FOR Homeowners Homeowners,
MELODY BEATTIE -
The Current Market Mortgage Rates Predictions
While elevated rates, sluggish sales, and high inflation have taken a toll, it’s unlikely home prices will drop next year. In fact, we may see a further uptick; home prices are holding steady for most parts of the country since inventory is extremely low.
Housing inventory is about a quarter of what it was in 2008 at just 2% and nowhere near the 30% mark seen during the crash. There are signs that mortgage rates have topped out at 7%. One example is the October consumer price index, which shows inflation is rising less than expected.
Home sales are expected to decline by 7% in 2023. However, 2024 is expected to result in a strong rebound, with a projected increase of 10% in home sales and a 5% increase in the national median home price. Prices should hold firm or marginally grow.
Plenty of potential buyers are still patiently waiting to enter the market. Talking with your neighborhood expert to develop a plan to stay ahead of the curve will result in the best sale possible. Call me today at 904.403.7941 to get the conversation started.
Source: NAR’s Lawrence Yun Laura Rosener and Watson Realty Group are not in any way affiliated with Amelia View Home Owners Association, nor is this in any way an official advertisement or publication of Amelia View. ©2022 All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the NEFMLS from November 29th, 2021 through November 29th, 2022 for homes valued under $1M Listings and sales may not be those of Watson Realty Group. The NEFMLS does not guarantee the accuracy of this data, which may not reflect all of the real estate activity in the area. E&OE covered. This market report is not intended to solicit properties already listed for sale nor intended to cause a breach of an existing agency relationship. STATUS ADDRESS BEDS TOTAL BATHS EST. SQ. FT. LIST PRICE SOLD PRICE SOLD DATE Sold** 14532 Amelia Cove Drive 4 4 3,379 $549,000 $500,550 10/05/22 Sold** 14676 Amelia View Drive 5 4 3,546 $650,000 $649,000 08/31/22 Sold 14525 Amelia Cove Drive 5 4 3,386 $625,000 $625,000 06/24/22 Sold** 3009 Egret Walk Terrace S 5 4 3,030 $585,000 $600,000 06/21/22 Sold** 2941 Amelia Bluff Drive 4 3 2,873 $550,000 $550,000 04/25/22 Sold 14494 Tranquility Creek Drive 4 4 3,446 $520,000 $500,000 03/15/22 Sold** 2926 Amelia Bluff Drive 4 3 3,501 $510,000 $510,000 02/22/22 Sold** 2934 Amelia Bluff Drive 4 4 3,161 $565,000 $568,000 12/20/21 HOMES SOLD IN THE LAST 12 MONTHS HOME FOR SALE 1 NO HOMES CURRENTLY UNDER CONTRACT 0 HOMES SOLD IN THE LAST 12 MONTHS 8 AMELIA VIEW CURRENT MARKET ACTIVITY Dedicated to being the best for you . & Neighbor 904.403.7941 LauraRosener@WatsonRealtyCorp.com www.LauraRosener.com Published by REAL Marketing (RM) | www.REALMarketing4You.com | 858.952.4280 | ©2022 This market report was created especially for you. If you are thinking of making a move to your next dream home, contact me today at 904.403.7941, or visit www.AmeliaViewLiving.com for a free market analysis of your home. **Bold properties sold by Watson Realty Don’t expect a Price Drop In home prices in 2023 Expect an Increase of 1% in The National Median Next Year Instead Homeowners, Homeowners,
