The State of the Wexford Real Estate Market - February 2018

Page 3

Wexford Home Listings ADDRESS

Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Pending Pending Sold Sold Sold Sold Sold

63 Bridgetown Road 19 Knightsbridge Lane 60 Wicklow Drive 13 Bridgetown Road 56 Yorkshire Drive 60 Yorkshire Drive 9 Cambridge Circle 2 Wexford On The Green 2 Wicklow Drive 12 Castlebridge Court 8 Wexford Club Drive 22 Wexford Drive 10 Harrogate Drive 22 Wexford On The Green 3 Wicklow Drive 27 Bridgetown Road 18 Harrogate Drive 9 Wexford on the Green 42 Bridgetown Road 48 Bridgetown Road 44 Yorkshire Drive 30 Wexford Drive 19 Coventry Lane 50 Yorkshire Drive 25 Wexford Circle 9 Wexford Club Drive 34 Bridgetown Road 3 Wexford Drive E 10 Wexford On The Green 11 Yorkshire Drive 27 Yorkshire Drive 45 Wexford On The Green 57 Wexford On The Green 15 Wexford On The Green 13 Wexford On The Green 40 Wexford Club Drive 6 Coventry Lane 4 Plumbridge Lane 41 Wicklow Drive 21 Yorkshire Drive 9 Bridgetown Road 6 Cambridge Circle

Definitions for Listings Active - On the Market Pending - Under Contract Sold - Closed Between November 1, 2017 and January 1, 2018

KEY TRENDS

Freddie Mac Mortgage Rates - 30 Year Fixed Rate Source: Freddie Mac, January 2018

The Impact Staging Your Home Has on Sales Price

KEY TRENDS

Source: Keeping Current Matters, January 2018

To Stage...or Not to Stage? That is the Question! The National Association of Realtors surveyed their members and released the findings of their Annual Profile of Home Staging.

TOP findings from seller’s agents Living Room

25% 50%

of sellers paid to have their homes staged before listing of staged homes saw a 1-10% increase in dollar value offers from buyers

TOP findings from BUYEr’s agents

77% 40% 38% 44%

said staging made it easier for home buyers to visualize the home as their own of buyers were more willing to visit a home they saw online if it was staged

TOP ROOMS TO STAGE TO ATTRACT BUYERS

STATUS

TOTAL APPROX. YEAR VIEW FULL BATHS HALF BATHS LIST PRICE CLOSE PRICE BEDROOMS SQ. FOOTAGE BUILT Golf, Harbor 5 6 0 7,196 2003 $2,699,000 --Golf, Harbor 5 5 1 5,752 2015 $2,595,000 --Golf 6 6 2 8,346 2004 $1,995,000 --Deep Water, Harbor 4 4 1 4,400 1987 $1,995,000 --Deep Water, Marsh 5 6 1 7,111 2000 $1,925,000 --Golf, Marsh 4 5 0 4,579 2006 $1,895,000 --Deep Water, Harbor 4 4 1 5,300 1991 $1,875,000 --Harbor, Marsh 4 5 1 6,366 2002 $1,840,000 --Golf, Pool 5 6 1 5,082 2017 $1,795,000 --Harbor 5 5 1 5,182 2003 $1,600,000 --Harbor 3 3 2 3,519 2000 $1,599,000 --Golf 5 4 1 5,752 2006 $1,595,000 --Golf, Lagoon/Canal 5 5 1 4,900 1992 $1,399,000 --Deep Water 7 7 1 8,465 2007 $1,225,000 --Golf, Pool 4 4 1 4,811 2000 $1,134,000 --Deep Water, Harbor 4 4 1 5,010 1986 $1,095,000 --Golf 4 3 1 4,750 2005 $979,000 --Harbor, Pool 4 3 1 3,824 2007 $979,000 --Golf, Landscape 5 4 2 4,404 1995 $974,000 --Golf, Pool 4 5 1 3,815 1984 $954,000 --Golf, Lagoon/Canal 5 5 1 4,607 2000 $952,000 --Golf 4 4 1 4,682 1993 $829,000 --Lagoon/Canal, Marsh 4 5 1 4,115 2006 $829,000 --Deep Water, Golf 3 3 2 3,840 1996 $799,000 --Golf 5 5 1 4,104 1984 $799,000 --Golf, Lagoon/Canal 4 4 1 3,555 2001 $799,000 --Golf 4 5 1 5,276 1991 $734,000 --Lagoon/Canal, Wooded 3 3 2 3,400 2000 $719,000 --Harbor 3 3 2 2,600 1990 $695,000 --Golf 3 3 1 3,116 1985 $675,000 --Golf 4 3 1 3,200 1985 $649,000 --Golf, Marsh 3 4 2 3,214 2007 $599,000 --Golf, Marsh 4 4 1 3,283 2006 $599,000 --Harbor, Landscape 3 3 1 3,297 2000 $559,000 --Golf, Harbor 3 3 1 2,101 2000 $389,990 --Harbor 5 4 1 4,704 1983 $699,000 --Marsh 3 3 0 2,323 1990 $595,000 --Harbor 4 4 3 6,293 2006 $2,995,000 $2,500,000 Golf 4 5 2 6,200 2016 $1,545,000 $1,445,000 Golf, Lagoon/Canal 4 4 1 4,136 1985 $795,000 $795,000 Harbor 3 2 1 2,576 1984 $589,000 $565,000 Deep Water, Harbor 3 4 1 3,180 1992 $495,000 $495,000

Master Bedroom

Kitchen

saw positive impact on home value if the home is decorated to a buyer’s taste saw an increase of 1-10% in dollar value offers on a staged home Dining Room

2018

Some Highlights: • The National Association of Realtors surveyed their members and released the findings of their Annual Profile of Home Staging

2015

2016

2017

• 50% of staged homes saw a 1-10% increase in dollar value offers from buyers

ACTUAL PROJECTED RATE

2015 Q1

2015 Q2

2015 Q3

2015 Q4

2016 Q1

2016 Q2

2016 Q3

2016 Q4

2017 Q1

2017 Q2

2017 Q3

2017 Q4

2018 Q1

2018 Q2

2018 Q3

2018 Q4

3.7%

3.8%

4.0%

3.9%

3.7%

3.6%

3.5%

3.8%

4.2%

4.0%

3.9%

3.9%

4.1%

4.3%

4.4%

4.6%

How Did We Finish 2017? New-home sales are at the highest level in a decade. Sales of previously owned homes are at the highest level in more than a decade. Starts of single-family homes are the strongest in a decade and applications to build such properties advanced to the fastest pace since August 2007.

• 77% of buyer’s agents said staging made it easier for buyers to visualize the home as their own • The top rooms to stage in order to attract more buyers are the living room, master bedroom, kitchen, and dining room


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