Current Market Overview and Future Predictions for TrailMark

Hello TrailMark Neighbors! Amy Howell here with your latest market update. Before diving into the numbers, I'd like to highlight the recent trends we're seeing in our community's real estate market and offer some predictions as we move forward.

Market Snapshot

As of now, TrailMark has 52 active listings, with an additional 10 in Reverie. Out of the 18 homes currently pending, a significant 17 are new constructions, with only one being a resale. This clearly shows the current market favorability towards new builds, driven largely by the competitive incentives builders are offering, such as interest rate buy-downs, full coverage of closing costs, and higher Realtor commissions.

August Sales Highlights:

• 11 homes closed, with 8 being new construction and 3 resales.
• Resale homes averaged a sales price of $492,000, translating to $222 per square foot.

Predictions Moving Forward

Given the strong presence of new construction, resale homes face stiffer competition, which may extend market times. However, fall typically brings renewed interest in the market, especially post-election, as buyers settle back into their routines and refocus on home searches.

Key Takeaways for Sellers:

• Stay Competitive: Pricing your home right and ensuring it's show-ready are crucial to stand out against new builds.
• Patience is Key: While homes are staying on the market longer, the right buyer is still out there. Keep your property in top shape and be prepared for a more competitive environment.

Community and Upcoming Events

As we head into the fall season, TrailMarket is returning on Saturday, September 21st, from 10 am to 2 pm. Be sure to visit the O.N.E. Florida Group tent for crafts, candy, and gift card giveaways! Plus, don’t miss out on other fun community events like September Bingo, Family Movie Night, and Fall Craft Night—all fantastic opportunities to connect with your neighbors.

For ongoing updates, don't forget to download the TrailMark Life App to stay in the loop with all community happenings!