EOY Cove RE Update 2023

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I track Real Estate data daily to help educate/inform/advise my clients. These reports I prepare for you all are a way that I can bring value to my neighbors.

About

me

Shane served as a U.S. Navy Nuclear Submarine Missile Technician for 10 years and then voluntarily separated under Honorable conditions to pursue his relentless passion for helping people and making a difference in the community. Shane’s background in the Navy enabled him to hone his leadership skills and instilled in him the core values of maintaining high ethical standards and forging genuine connections.


Shane has built lasting relationships with his loyal clientele, who describe him as dedicated and resourceful. Recognized as a top producing agent in the county, Shane’s sharp eye for detail, transparent communication and strong negotiation skills give buyers and sellers an unprecedented edge in the dynamic market.

2023 Total Sales (including resale & new)

2023 Total Sales (including resale & new)

2022

2023

  • Total sales increased by 7.8%
  • 12.7% increase in median sales price
  • DOM went from 8.5 to 19
  • 55 Resales vs. 51

2023 Resale

2023 Resale

  • 55 total sales (64.7% of documented volume)
  • 18 had pool (32.7%)
  • $305/sf (with Pool) VS. $291/sf (No Pool), both 25 DOM
  • Top 3 Floor plans = Hartley, Captiva, Valrico (all pool homes)
  • NO SOLAR SALES

2023 High Sale

  • $955k
  • Valrico
  • 3,220 living sf
  • Built in 2020 (former model)
  • Pool
  • Water view

2023 Low Sale

  • $475k
  • Dogwood
  • 1,630living sf
  • Built in 2020


2023 New

2023 New

  • 30 Documented Sales VS. 23 in 2022
  • $264/sf (new) VS. $292/sf (resale)
  • 8 Builds w/ Pool (26.7%) VS 9 in 2023 (39%)

Re-Sale Cove Stats

Sold Terms

46% Conv

33% Cash

18% VA

3% Assumption

Pools

32.7% Private Pool

MEdian sold price/sf

$292

Longest DOM

199 ($59k below asking)

Highest sale

Sendero (Valrico) $955k

Listings/Sales

Overview Current

Let me know if you have any questions.

shane@theburgmangroup.com

Text - 321.408.0200

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