Low Inventory in an Active Lost Tree Real Estate Market
An extremely active real estate market is in full swing as we enter the winter season in Lost Tree Village. The high number of sales and dramatic drop in inventory seen in the year 2013 has continued throughout 2014 with unprecedented levels of interest and activity. Lost Tree’s unique location in combination with its unparalleled amenities continue to make the community one of the most desirable places to own a home.
Inventory
Heightened demand has driven inventory to a record low. While there were 66 properties available for sale in the beginning of 2013, today there are only 28 – nearly 60% fewer. Inventory has hovered in the high 20s for several months now. As new properties are listed, more properties are sold or put under contract. K2 Realty recently sold 11750 Turtle Beach Road, a phenomenal oceanfront property, just four months after the home was put on the market. Such quick turnarounds are characteristic of this active and exciting market, and there has never been a better time to list your home.
Sales
The incredible number of sales in 2013 set a record for the most sales in Lost Tree Village in over ten years.
The graph here shows the year-over-year comparison for the first, second, and third quarters in each of the years 2012, 2013, and 2014. This year, sales have been occurring at an even faster pace. With 30 sales in the first three quarters alone and an additional six properties currently under contract, K2 Realty and Lost Tree Village are on track to conclude another year with successful sales and a prosperous real estate market.
K2 Realty prides itself on providing timely information so that our clients are able to make informed decisions. Explore our wide array of electronic resources including our exclusive Lost Tree Village mobile application, website, and interactive reports for relevant, up to date information about Lost Tree Village real estate and more.