1 minute read
2022 Watercrest Market Review
Presented By Michael Citron
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. Watercrest had 30 sales in 2022, and 61 in 2021.
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Total Homes Sold 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. In 2022, Watercrest’s Average Days on Market was 25 and in 2021 it was 28 days. That was nearly a 10% increased time on market.
Median Sales Price
The biggest change in the market was that in 2022 the median sales price in Watercrest was $1,355,000. The community had it’s fair share of Record Sales this past year. In 2021, it was only $1,010,000. 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.
5 42
1 3
DAYS
PRICE REDUCTIONS
3/6 $1,500,000
SALES PRICE
