Sugarloaf Country Club Real Estate Report - October 2022

Sugarloaf Country Club Real Estate Report October 1, 2022 Mary.Floyd@Compass.com | 404.312.3837 Tony.Floyd@Compass.com | 404.406.7819

FLOYD REAL ESTATE GROUP | We are pleased to announce that our listing clients have benefited from the most favorable sales prices. Better marketing and negotiating produces better results!

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There have been 38 Closings in 2022 versus 66 Closings through September 2021.

The Average Closed Price in 2022 is $1,771,033 versus $1,478,117 in 2021.

The Average $ Per Square Foot in 2022 is $222 versus $183 in 2021.

The Average List to Sell Ratio in 2022 is 98.28% versus 97.5% in 2021.

The Average Days on Market in 2022 is 26 days versus 68 days in 2021.

There are 10 Active Properties for Sale versus an average of 40+ in prior years.

Frequently Asked Questions: Q: Do you expect home values to drop in 2022 and 2023?

A: Home values are driven by supply and demand. The demand has slowed due to rising mortgage rates and concerns over the economy and the stock market. There are still active Buyers – just not as many as we saw in the peak months. The inventory remains extremely low and is helping keep values higher. Therefore, we expect some pressure on pricing but as long as the inventory remains very low, there will not be a major drop in Sugarloaf home values.

Q: We see some homes sitting on the market longer now. What is causing this?

A: Most Buyers are looking for homes that are updated, in good condition and have modern interiors. Many of the homes on the market are dated and some are over-priced. Buyers are hesitant to purchase a home they need to substantially remodel with costs remaining high and challenges with materials & resources. Homes that are updated sell faster and for more money!

Q: What are the most important areas to update?

A: Kitchens, bathrooms, flooring and light fixtures are the areas of focus for updating. The return on investment for these updates are very good. Our Compass Concierge program can help fund updates with zero financing or admin fees. Staging can also make a difference. We have excellent staging partners that can bring in modern furniture and accessories that are desired by Buyers. Most Buyers cannot see the potential and staging brings the property to life visually.

Contact us to learn how to prepare your home to maximize your value!

Pending/ Under Contract Sales YTD 2022 Status Pending Pending Pending Pending

Address 2626 Buena Vista Way 2348 Grady Ridge Drive 3596 Moye Trail 3670 Moye Trail

List Price $1,799,000 Private Sale $1,490,000 Private Sale

Closed Sales YTD 2022 Closing Date 1/13/2022 1/14/2022 1/21/2022 1/24/2022 1/25/2022 1/25/2022 1/28/2022 2/11/2022 2/28/2022 3/8/2022 3/25/2022 3/28/2022 4/1/2022 4/1/2022 4/1/2022 4/15/2022 4/25/2022 5/10/2022 5/11/2022 5/13/2022 5/13/2022 5/18/2022 5/20/2022 6/6/2022 6/9/2022 6/15/2022 6/21/2022 6/28/2022 6/28/2022 7/6/2022 7/21/2022 7/29/2022 8/8/2022 8/10/2022 8/19/2022 8/29/2022 9/9/2022 9/22/2022

Address 3216 Bagley Passage 2520 Sugarloaf Club Drive 3095 Cypress Pond Pass 2793 Thurleston Lane 3510 Moye Trail 2636 Boddie Place 2130 Sugarloaf Club Drive 2674 Nutwood Trace 2726 Eudora Trail 2723 Pinebloom Way 2721 Callaway Court 2704 Lockerly Lane 2712 Pinebloom Way 2743 Bonar Hall Path 2805 Darlington Pointe 2947 Major Ridge Trail 2784 Pebble Hill Pointe 2689 Tranquilla Way 2181 Broadfield Run 2785 Eudora Trail 2363 Seaborn Place 2439 Oak Hill Overlook 2908 Major Ridge Trail 2795 Eudora Trail 2942 Darlington Run 2735 Eudora Trail 2761 Major Ridge Trail 3229 Carmichael Place 3570 Moye Trail 2918 Major Ridge Trail 3120 Cypress Pond Pass 2957 Major Ridge Trail 2482 Oak Hill Overlook 2828 Grey Moss Pass 3114 Touchton Court 2713 Bonar Hall Path 2689 Boddie Place 2255 Taylor Grady Terrace

Original List Price Closed Price $1,249,000 $1,223,443 $1,595,000 $1,600,000 $1,500,000 $1,500,000 $2,250,000 $2,175,000 $1,859,000 $1,750,000 $4,000,000 $2,650,000 $1,299,000 $1,402,000 $1,299,000 $1,300,000 $1,399,000 $1,375,000 $1,275,000 $1,331,000 $1,699,000 $1,675,000 $1,399,000 $1,460,000 $1,175,000 $1,280,000 $1,699,000 $1,620,000 $1,799,000 $1,845,000 $1,599,000 $1,575,786 $1,799,000 $1,799,000 $1,750,000 $1,700,000 $2,999,000 $3,075,000 $1,450,000 $1,475,000 $2,025,000 $2,025,000 $1,400,000 $1,400,000 $2,299,000 $2,300,000 $1,295,000 $1,290,000 $1,589,000 $1,589,000 $1,200,000 $1,200,000 $1,985,000 $1,965,000 $2,499,995 $2,450,000 $2,899,000 $3,000,000 $1,899,000 $1,899,000 $1,250,000 $1,375,000 $2,500,000 $1,900,000 $1,299,000 $1,299,000 Foreclosure Sale $2,199,000 $1,990,000 $1,849,000 $1,785,000 Private Sale $1,999,999 $1,750,000

Information deemed reliable but not warranted. This information is proprietary and confidential. No reproduction is authorized without the express written consent of Tony Floyd. Compass is a licensed real estate broker and abides by Equal Housing Opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdraw without notice. No statement is made as to accuracy of any description. All measurements and square footages are approximate. Exact dimensions can be obtained by retaining the services of an architect or engineer. This is not intended to solicit property already listed.