Watergarden Market Analysis

Watergarden Market Analysis

MEDIAN PRICE DECLINED 23% trailing-12 months to $465,000 from $600,000.  AVERAGE CLOSED SALE PRICE DECLINED 11% to $489,790 from $550,925, and; DECLINED by LIVING (area) 2.44% to $421.37 from $431.93.  Average Days on Market inclined to 117 from 81. 

58% of sales closed trailing-12 UNDER AVERAGE PRICE and LIVING (58% between 1Aug13-31Jul14 and 48% between 1Aug12-31Jul13).  The four Pending Sales average PRICE $406,750 and LIVING $444.04 DOM 59.

Closings frequency trailing-12 INCLINED to 31 from 20 closings between 1Aug13-31Jul14 and 21 closings between 1Aug12-31Jul13.

ANNUAL RENT trailing-12 DECLINED 5% to $36,495 from $38,446 which DECLINED PRICE/RENT RATIO to 13.42 from 14.33.

MACRO Trend Line Post Trough Low Closed Sale Price/LIVING $290 (LOW $221.10 Jan’10) to $450 (Last Closed Sale $435.98 Jul’15).

MICRO CLOSED SALES RANK MODELS/STACK trailing-24: by LIVING—Moonglow 03, Moonglow 10, Stardust 11, Stardust 02, PH, Skyview 05, Sungarden 07, Riverside, Seaview 04, Seaview 09, Skyview 08, Sungarden 06; by PRICE—PH, Riverside, Moonglow 03, Seaview 04, Moonglow 10, Seaview 09, Stardust 11, Stardust 02, Skyview 05, Skyview 08, Sungarden 07, Sungarden 06.

MICRO CLOSED SALES RANK ELEVATION/VIEW trailing-24: by LIVING—High East, Mid East, PH, High West, Mid West, Low East, Low West; by PRICE—PH, High East, Mid East, Low East, Mid West, High West,  Low West.

CURRENT INVENTORY: 4 listings.  UNDERMARKET: 25%