ALLIE O’NEILL RICE
101 Plaza Real S Ste. 220 Boca Raton, FL 33432
REALTOR®
561.295.3330
Allie@RpeRealty.com www.21Team.com
TONY ECKERT
ADDISON RESERVE SPRING 2022 | REAL ESTATE MARKET REPORT
REALTOR®
561.570.1667
Tony@RpeRealty.com www.21Team.com Published by REAL Marketing (RM) | www.REALMarketing4You.com | 858.952.4280 | © 2022
THE REAL ESTATE MARKET BY THE NUMBERS Understanding Real Estate Statistics Paying attention to local real estate statistics can help you determine the value of your home, how quickly it will sell, and understand overall trends in the market. Learning some of the commonly used terms, how they are calculated, and what they say about the market will help you make informed decisions to achieve your real estate goals.
HOME VALUES AND MARKET TRENDS
MARKET SPEED
Average Sold Price is the average (mean) sold
Average Days on Market (DOM) is calculated
price of all homes sold within a given boundary and timeframe. Not only can this value give you an idea of what your home would sell for, but fluctuations in this value can also give you an idea of the market’s direction.
by averaging the time-on-market for all sold homes within a specific boundary and timeframe. This value indicates the speed of the market. Fewer days equate to a faster market, which usually favors sellers.
MONITORING THE CURRENT OFFERINGS
BUYER DEMAND AND VALUE DIRECTION
The Average Active List Price represents the average list price of all the homes currently on the market. Since this value is limited to what’s on the market, it can vary greatly if only a few homes are available. The Average Active List Price is often higher than the Average Sold Price since expensive homes tend to take longer to sell, pushing up the local average.
Sold Price to List Price Ratio (SP/LP) is calculated by dividing a home’s sold price by its list price. A value over 100% indicates homes are selling for above asking price. The Average SP/LP Ratio is calculated by averaging the SP/LP for all homes sold within a specific timeframe. This value can give you insight into buyer demand, the direction of home prices, and local agent expertise.
Future Friends and Neighbors,
If you are thinking of selling and would like to learn more about the local statistics in your neighborhood and how these numbers affect the value of your home, call us today for a free consultation.
PREPARED ESPECIALLY FOR
561.570.2101 Your Starting Lineup at Addison Reserve
Future Friends and Neighbors PRESENTED BY THE 21 TEAM
Allie O’Neill Rice and Tony Eckert
561.570.2101
PAUL O’NEILL #21
ALLIE O’NEILL RICE
“My family and I have trusted RPE Realty with our own personal real estate transaction. The family operated team is diligent, honest and hard working. We are very proud to announce that our daughter, Allie O’Neill Rice, has joined their team and will be exclusively marketing and serving Addison Reserve.”
REALTOR®
Allie@RpeRealty.com
TONY ECKERT REALTOR®
Tony@RpeRealty.com
FIND YOUR NEXT HOME AT WWW.21TEAM.COM
CURRENT ADDISON RESERVE ACTIVITY
Active
Pending
Sold
L E T T H E 2 1 T E A M G O T O B AT F O R Y O U ! C A L L U S T O D AY.
ADDISON RESERVE REAL ESTATE MARKET REPORT HOMES FOR SALE TOTAL HOMES BEDS RANGE 2
BATHS RANGE
EST. SQ. FT. RANGE*
LIST PRICE RANGE
2.1 - 3.1
2,700 - 3,700
$1,490,000 - $2,395,000
2-4
HOMES CURRENTLY PENDING TOTAL HOMES BEDS RANGE 10
BATHS RANGE
EST. SQ. FT. RANGE*
LIST PRICE RANGE
3.0 – 7.2
2,400 – 7,300
$785,000 – $4,200,000
3–5
HOMES RECENTLY SOLD STATUS ADDRESS
© 2022 Google
ADDISON RESERVE AT A GLANCE
16
Homes Recently Sold
$1,942,500 Average Active List Price
$1,415,056 Average Sold Price
41
Average Days On Market (Solds)
This map is a visual representation of the data on the opposing page. The data and corresponding location pins are deemed to be accurate but not guaranteed. Some location pins may not be visible and/or updated with the latest location data.
Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold
7880 Villa D Este Way 7838 Villa D Este Way 7564 Bella Verde Way 7943 Talavera Place 16052 Villa Vizcaya Place 7905 Palencia Way 16130 Villa Vizcaya Place 7788 Montecito Place 7817 Palencia Way 16466 Brookfield Estates Way 7911 Villa D Este Way 7912 Trieste Place 7777 Trieste Place 7862 Villa D Este Way 7515 Isla Verde Way 7934 Villa D Este Way
BEDS
BATHS
EST. SQ. FT.
LIST PRICE
SOLD PRICE
3 2 4 5 3 5 3 3 3 6 3 4 3 3 6 4
3.0 2.0 4.1 4.2 3.0 4.2 3.0 3.0 4.2 6.2 3.0 3.1 3.1 3.2 5.1 3.1
2,494 2,608 3,798 4,616 2,878 4,116 2,601 2,612 3,543 6,966 2,608 2,918 2,983 2,939 6,500 3,339
$718,000 $1,295,000 $1,950,000 $2,125,000 $995,000 $1,395,000 $849,000 $1,100,000 $1,385,000 $3,275,000 $740,000 $795,000 $895,000 $829,500 $4,250,000 $985,000
$710,000 $1,295,000 $1,950,000 $1,945,000 $975,000 $1,200,000 $800,000 $1,100,000 $1,250,000 $3,043,700 $820,000 $875,000 $895,000 $797,200 $4,000,000 $985,000
SOLD DATE 04/28/22 04/25/22 03/25/22 03/15/22 03/09/22 02/09/22 02/01/22 01/19/22 01/18/22 01/18/22 01/14/22 01/12/22 12/30/21 12/28/21 12/17/21 12/15/21
Allie O’Neill Rice, Tony Eckert, 21 Team, and RPE Realty are not in any way affiliated with Addison Reserve Home Owners Association, nor is this in any way an official advertisement or publication of Addison Reserve. © 2022 All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the BeachesMLS between December 15th, 2021 and May 2nd, 2022. Listings and sales may not be those of RPE Realty. The BeachesMLS does not guarantee the accuracy of this data, which may not reflect all 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. *Estimated square feet rounded down to nearest hundred.