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Celebration, Fl Market Update

As we head into 2013, I thought I would give you a glimpse of how we finished up the last 90 days. By all accounts, the real estate market is going to be competitive this year. Low inventory is going to make sellers happy but some buyers frustrated.

In the last 90 days, 66 properties have sold in Celebration, FL. 39 of those were single family homes and the rest were a mix of condos and townhouses. With a median “Days to Contract” of 54 days, properties are moving much quicker than in the previous 2 years, and right now we only have 112 active properties on the market. This is obviously great news for the overall real estate market, but it does mean that many people will need to adjust their expectations. The time where you could offer 20% less on a listing and have the seller be negotiable is over in most instances. Properties are selling within a few percent of their list prices in most cases, and when new properties come on the market, there is almost an instant demand to view them.

Prices are still very favorable as are interest rates, so if you are considering a purchase or move, there is no time like present. Let’s make that your 2013 real estate goals a reality. Call a Nectar professional today to get started!

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