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2022 Tall Pines Market Review
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Presented By Michael Citron
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. Tall Pines had 4 sales in 2022, and 6 in 2021.
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, Tall Pines’ Average Days on Market was 24 and in 2021 it was 16 days. That was nearly a 34% increased time on market.
Median Sales Price
The biggest change in the market was that in 2022 the median sales price in Tall Pines was $1,825,000. The community had it’s fair share of Record Sales this past year. In 2021, it was only $1,130,000. Although, with recent interest rates increasing we may expect home prices to decrease as we come into the 1st and 2nd quarters of 2023.
