BAY FOREST 2023 MARKET REPORT and 5-YEAR REVIEW
Click BAY FOREST 2023 MARKET REPORT and 5-YEAR REVIEW to download a copy of this report.
Median Price and Sales
The median price of the properties sold in Bay Forest increased 77% from $268,000 in 2019 to $475,000 in 2023. Sales doubled between 2019 and 2021, and dropped back again in 2022 and 2023.
Sales by Price
Another way to look at sales is the distribution by price. In 2019, 74% of sales were under $300,000 and there were none under $300,000 in 2022 and 2023. Conversely, the share of sales over $500,000 went from zero to 44%
Bay Forest sees a small number of sales each year at quite a wide range of price: in 2023, from $320,000 to $790,000.
The combination of small number of sales and wide range of prices can make median prices less reliable as a guide to the overall market in Bay Forest. (more…)
BAY FOREST Q3 MARKET REPORT 2019-2023
The median price of the homes sold in Bay Forest jumped nearly 70% from $268,000 in 2019 to just over $450,000 in 2022. Sales surged until around Q3 2021, thereafter returning closer to pre-pandemic levels. YTD Q3 2023 – a better gauge than quarterly fluctuations on a very small number of sales – the median price increased 14% to $500,000. Quarterly fluctuations will occur when the numbers are small and the price range wide – in Bay Forest from $320,000 to $799,000 in 2023.
This report analyses the Median Price and Sales per quarter since 2019, along with the Sales by Price point, Price per Sq.Ft., and the Days properties were on the market before receiving an offer (DTO).
Median numbers are used in all calculations.
Click on BAY FOREST MARKET REPORT 2019-2023 to read the full report.
And read these articles:
More insurers coming to Florida
Core Inflation Prices Barely Budged in August
August Housing Market: Median Prices Rise Year on Year (more…)
Bay Forest Fall Market Report
Located on 150 acres of spectacular natural beauty bordering the back waters of the Gulf, the 17 communities of Bay Forest provide a quiet and peaceful setting.
Condo sales jumped sharply in the first 9 months of 2021, while the median price rose more modestly. (The small very number of sales in Q3 may have exaggerated the price movement, but 7 of the 8 sales were over $300,000).
