Imperial Golf Estates Year End 2022 Review

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There are no more sales in Imperial Golf Estates scheduled to close this year, so here are the year-end numbers which demonstrate a frequently heard refrain this year: prices up, sales down.

Highlights

The median price increased 40% for Single Family homes, 23% for Villas and 43% for Condos, while sales dropped sharply, especially for Single Family homes.

Outlook
My outlook for 2023 will be published when I have more year-end numbers, but it seems likely that we shall see a continuation of the same trends we saw in the second half of 2022: continued demand tempered by the slowdown in the economy, dramatic increase in mortgage rates, and volatility in the stock market.
Over-priced properties will not sell in this environment.

Read these recent articles:
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Market Summaries
Florida Market Update in 4 minutes
Sales Resemble Pre-Pandemic — But Not Pricing & Inventory

  • Andrew Oliver, M.B.E., M.B.A.
    Real Estate Advisor
    Andrew.Oliver@Compass.com

m 617.834.8205

 

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