Rio Vista Isles Market Analysis: Accelerating/Inclining/Unstable

Rio Vista Isles

YEAR OVER YEAR Closed Sale Price values INCLINED by Average PRICE 22% to $2,815,840 from $2,303,000, by LOT (area) 42% to $207.15 from $187.39, and by LIVING (area) 42% to $725.60 from $509.30, while Median Price DECLINED to $1,665,900 from $2,175,000 and Average Closed Sale Price/WATER (front feet) slightly DECLINED to $26,389 from $26,589.

CURRENT INVENTORY: 8 listings; Median Price $2,997,500, Average PRICE $3,724,350, LOT $361.07, LIVING $930.34, and WATER $38,202.

SPREAD (Current Inventory/Closed Sale Values Trail-12): Median Price 80%, Average PRICE 33%, LOT 74%, LIVING 28%, and WATER 45%.

TRAIL-12 INVENTORY: 19 listings; Median Price $3,995,000, Average PRICE $6,350,105, LOT $364.23, LIVING $1,187.68, and WATER $48,319.

SPREAD (Trail-12 Inventory/Closed Sale Values Trail-12): Median Price 140%, Average PRICE 126%, LOT 76%, LIVING 64%, and WATER 83%.

PENDING SALES: 0.                                                                                     

STABILITY Trail-12 Closed Sale Values: Median Price/Average Price 59%; of the 17 closed sales, 76% were Under Average PRICE, 76% were Under Average LOT, 65% were Under Average LIVING, and 65% were Under Average WATER. 

MARKET TRENDS Trail-12: Closed Sales/Month INCLINED to 1.42 from 1.08, Days on Market DECLINED to 189 days from 221; Discount (from last list price) INCLINED to 19.59% from 12.58%; PRICE/RENT Ratio INCLINED to 22.93 from 20.08 (decreasing affordability); Annual Rent INCLINED 28% to $122,800 from $96,000; Rentals/Month INCLINED to 0.25from 0.08 (no rentals trailing months 24-13).

RANK Trail-36 Closed Sale Value by LOT by STREET/ISLE by DOCK-FACE: SE 9th St NEPt Dock-Face $406.01, SE 8 S $216.64, SE 7 N $213.94, SE 10 S $202.29, SE 8 N $198.11, Ponce TR $191.51, Ponce E $185.22, SE 9 S $183.70, SE 9 N $179.54, SE 7 S $179.42, SE 7 NPt $173.76, N Rio TR $171.57, SE 11 N $163.00, Cordova E $156.16, SE 11 S $144.70, SE 10 N $122.09, N Rio NR $120.29.

RANK Trail-36 Closed Sale Value by LOT by DOCK-FACE: NEPt $406.01, TarRiv $186.30, S $182.41, NPt $173.76, E $169.62, N $164.48, New Riv $120.29.