Dear Trilogy at Monarch Dunes Friends, Neighbors and Aspiring Members,
In an effort to keep you informed on exciting developments in the community and provide you with an in-depth market analysis, please find your October Market Watch attached with highlights below:
My team is excited to report that we are kicking off October with 3 compelling new listings:
1480 Padre: Prefumo, $925,000, 2336 SF, 2 Bedrooms, 3 Baths, Solar Powered (owned), Lake and Golf Course Views! http://1480Padre.com
1161 Saltillo: Avila, $959,000, 2392 SF, 2 Bedrooms, 3 Baths, Panoramic Golf and Lake Views & over $300K in luxury options and upgrades! http://1161Saltillo.com
1402 Vista Tesoro: Morro, $1,024,000, 2760 SF, 2 Bedrooms, 3 Baths, Golf Course and Lake Views! 10’ Ceilings throughout! http://1402VistaTesoro.com
And have you heard about our Featured Listings for October? 3 homes are the popular Avila floor plan but are entirely unique unto themselves. Also a Morro model, made for entertaining with room for a baby grand piano. If you haven’t seen them yet, please let us know and we will arrange to get you inside before the opportunity passes.
1756 Louise: $987,500, 2,558 SF, 3 Bedrooms, 3 Baths, Lake, Golf Course AND Ocean views! http://1756Louise.com
1765 Kyle: $987,500, 2,760 SF, 3 Bedrooms, 3 Baths, Golf Course View! http://1765Kyle.com
921 Bea Ct.: $899,000, 2558 SF, 3 Bedrooms, 3 Baths, Lake & Golf Course Views! http://921BeaCt.com
1147 Vaquero: $799,000, 2558 SF, 2 Bedrooms, 3 Baths, Bonus Room & over $150K in luxury options & upgrades! http://1147Vaquero.com
We’re also happy to share with you first, our valued clients, before they reach the market, the following upcoming listing for October:
1017 Jacqueline: $719,000, 2143 SF, 4 Bedrooms, 3 Baths, Lake, Golf Course & Fountain view from the front porch. http://1017Jacqueline.com
Shea Homes is offering 6 single family Designer Homes and 2 Monarch Ridge Townhome Designer Homes. Please let us know if you would like further information on details and pricing.
Plan your trip to view any of these homes on the weekend of October 14th. Shea Homes will be facilitating a Designer Home Tour AND the annual Harvest Festival at the Monarch Club is happening! Please be our special guests. If you think you can make it, My Team and I will arrange for your attendance and schedule showings of other listings around the festivities…
I would like to highlight two trends reflected in October’s Market Watch that together I find particularly notable. First, the number of days listings spend on market has decreased from the first half of 2017 by a whopping 48%. That’s a reduction of nearly half the time spent on market in only several months. Furthermore, this average listing time on market is 5% lower than the overall average in 2016. Simultaneously, the average sales price has steadily increased by 6.5% throughout 2017. Coupled, these conditions indicate that demand in Monarch Dunes has steadily INCREASED in 2017, indicating a strong seller’s market further evidenced by 30 listings on the market (about 20-25% higher than the historical average).
Buyers, hang on with me for a minute…don’t despair…Now, it’s common for people to assume that a seller’s market such as this translates directly to inauspicious conditions for the buyer. However, the number of listed properties increasingly entering the market in Monarch Dunes has acted as a stabilizer for prices (increasing but not at the staggering rate of the last two years) and has provided a major increase in options for prospective buyers. It is this increase in options that I feel has positively affected that shorter lifespan on the market. And let’s not forget that mortgage rates are holding at barely over 4% and even lower! Compared to a historical average of 7-8%, interest rates such as these help to counteract higher prices. I would assert that market conditions are still very favorable for buyers and this is yet also why we are seeing homes spend so much less time on the market.
Buyers are motivated and so are sellers. These are good times in Monarch Dunes. I am confident as ever that my team and I can match happy sellers with happy buyers under these conditions!
To summarize, buyer urgency in October can be characterized by missed opportunities: exceptionally low interest rates, your potential dream home spending less time on the market and therefore getting swooped up, and an unprecedented number of diverse floorplan and homesite options available. Let my team plan your trip as soon as possible to further explore the incredible opportunities available to you.
In summary of seller urgency…there simply has never been a better time thus far to fetch top value for your home. As more savvy Monarch Dunes members catch on and list their homes, prices will logically hold and possibly go down. Please reach out today so that I can provide you with a thorough home valuation. If nothing else, you’ll know what a fantastic investment you made! Even if you are sure you have already found your dream home and wish to stay put, my team is still happy to provide this service because we love working in a community with proud and knowledgeable homeowners and are dedicated to the cultivation of that information.
Have A Great Day!