1 minute read
2022 MiraLago Market Review
Presented
By Michael Citron
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Total Homes Sold
The Real Estate Market in 2022 has surely shaped the future for years to come as we saw exponential growth in many of our communities. MiraLago had 26 sales in 2022, and 57 in 2021. That’s more than 100% decrease in sales.
Average Days On Market
Some of the biggest changes we have seen in 2022 was the Average Days on Market, as this was our biggest indicator that the buyer frenzy market was slowing down. Although in MiraLago, not much has changed. In 2022, MiraLago’s Average Days on Market was 30 and in 2021 it was 30 days.
Median Sales Price
The biggest change in the market was that in 2022 the median sales price in MiraLago was $992,000. The community had it’s fair share of Record Sales this past year. In 2021, it was only $849,000. Although, with the recent increase in interest rates we may expect home prices to decrease as we come into the 1st and 2nd quarters of 2023.
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$558,750
Our Success In MiraLago 2022 $3,015,000 Closed In Sales 3
