Beacon Woods, Bayonet Point, Florida Distressed Real Estate Market Report November 2009
As you can see in the chart below, Beacon Woods subdivisions are currently sitting on ~18 months of inventory at a casual glance. The large amount of contracts speaks to the number of distressed properties. Until now Beacon Woods has been doing rather well, but it also may be a seasonal/holiday adjustment to be considered in the declines of sales, and increase in inventory, above the County range
The graph below shows a much better break down of the Beacon Woods market, unlike others. ~1/5th of Active properties are distressed, whereas the number of distressed properties under contract is equal to the number of normal properties under contract. Yet the number of distressed properties SOLD was 1/3rd of the Sold market. However based just on the raw numbers there is 21 months of normal inventory compared to 10 months of distressed single family homes inventory.
Homes sold in Beacon Woods at the prices of
$52,000
$50,000
$89,900 (pool home)
$119,500 (pool home)
$100,000 (pool home)
$175,000 (pool home)
Homes sold for between $29.36/SqFt - 69.44/SqFt
Sold Homes spent between 7 - 59 Days on the market with an average of 24 DOM and a median of 19 DOM
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All entries on this blog, unless noted otherwise, is the copyrighted content (2009-present) of Daniel J. Hunter, REALTOR®, and is believed to be true and factual, but it is not guaranteed or warranted.
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