Page 23 - Abacoa Community News - July '24

Abacoa, Page 23

The Simmonds Advantage

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Your Abacoa 2023 / 2024 Qtr. 1 Market Comparison

Data Courtesy Beaches MLS
Let's delve into the Single Family data and understand its implications.
One of the key indicators, the Average Sold Price Per Living Square Foot, has shown a $10/ft decline.
This suggests a decline in property values when comparing 1st Qtr. 2023 to 1st Qtr. 2024.
The Average Sold Price per Square Foot is an important metric that guides us toward property values and shows trends.
The data also reveals a trend of increased time it takes for a house to sell.
Remember every home has different variables that affect it’s price, time on market and price per sq foot!

Data Courtesy Beaches MLS
Now, let's look at the Town Home data.
The Average Sold Price Per Living Square Foot has shown an increase of roughly $20/ft suggesting an increase in townhome
property values when comparing 1st Qtr. 2023 to 1st Qtr. 2024, a trend largely influenced by the high pricing of Single-Family
homes. Townhomes offer a compelling option for those looking to live in Abacoa.
The data also reveals a reassuring stability in the Days on the Market, maintaining a consistent pace compared to 2023 and
2024. We can expect these averages to remain steady based on a units location and upgrades, unless the Single-Family
homes decrease in price, potentially helping to close the price gap a bit.

With 250+ Abacoa Transactions & 450+ 5 Star Reviews we Understand Abacoa. How can we help?

AMY & JOHN SIMMONDS - REAL ESTATE ADVISORS
AMY:561.427.3617 / JOHN: 561.662.7358
AMY@SIMMONDSTEAM.COM / JOHN@SIMMONDSTEAM.COM

Compass is a licensed real estate broker and abides by Equal
Housing Opportunity laws. All material presented herein is
intended for informational purposes only. Information is compiled
from sources deemed reliable but is subject to errors, omissions,
changes in price, condition, sale, or withdrawal without notice.
This is not intended to solicit property already listed.ww Photos
may be virtually staged or digitally enhanced and may not reflect
actual property conditions.