2022 The Ranches 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. The Ranches had 6 sales in 2022, and 15 in 2021.

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. Although, in The Ranches not much has changed regarding the time on market. In 2022, The Ranches’ Average Days on Market was 92 and in 2021 it was 93 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 The Ranches was $1,850,000. The community had it’s fair share of Record Sales this past year. In 2021, it was only $2,413,000. 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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$1,729,975