Watergarden Market Analysis: Decelerating/Declining

Watergarden Market Analysis

While YEAR OVER YEAR Closed Sale Price values DECLINED by Median Price 34% to $350,000 from $530,000, and by Average PRICE 16% to $435,550 from $521,081, Closed Sale Price/LIVING INCLINED 2.5% TO $439.80 from $429.01, because eight of the 15 closed sales were one-bedroom Sungarden models (820 sqft).

CURRENT INVENTORY: 12 listings; Median Price $485,000, Average PRICE $506,083, and LIVING $444.36.

SPREAD (Current Inventory/Closed Sale Values Trail-12): Median Price 39%, Average PRICE 16%, and LIVING 1%.

ALL LISTINGS TRAIL-12: 29, Median Price $349,000, Average PRICE $513.303, and LIVING $455.28.

SPREAD (All Listings Trail-12/Closed Sale Values Trail-12): Median Price -0.03%, Average PRICE 18%, and LIVING 3.5%.

PENDING SALES: 2, Median Price $802,000, Average PRICE $802,000, and LIVING $520.10.

STABILITY Trail-12 Closed Sale Values: Median Price/Average Price 80%; of the 15 closed sales, 53% were Under Average PRICE, and 73% were Under Average LIVING. 

MARKET TRENDS Trail-12: Closed Sales/Month DECLINED to 1.25 from 3.08; Days on Market DECLINED to 80 days from 105; Discount (from last list price) INCLINED to -4.37% from -3.04%; PRICE/RENT Ratio DECLINED to 11.49 from 14.93 (increasing affordability); Annual Rent INCLINED 9% to $37,907 from $34,903; Rentals/Month DECLINED to 2.33 from 2.92.

RANK Trail-12 Closed Sale Value by LIVING by MODEL/STACK:  Moonglow 03 $510.80, Stardust 11 $466.89, Moonglow 10 $465.12, Seaview 04 $439.07, Skyview 05 $432.06, Skyview 08 $430.56, Sungarden 20 $426.22, Sungarden 07 $413.62.

RANK Trail-36 Closed Sale Value by LIVING by MODEL/STACK:  Moonglow 03 $$508.37, Moonglow 10 $470.47, Stardust 11 $448.22, Stardust 02 $436.67, PH 4,5 $421.54, Skyview 05 $417.48, Sungarden 07 $413.69, Seaview 04 $408.78, Riverside 01 $407.31, Sungarden 06 $399.70, Seaview 09 $395.25, Skyview 08 $391.67.