Harmony FL real estate market report for March 2022 is being reported by Jeanine Corcoran. Jeanine is the broker for The Corcoran Connection a real estate company. She is joined by her co-host Kristin Macari owner of Studio Nine 13. Welcome to the 17th episode of Discover Harmony Florida.
Kristin asked Jeanine what happened in the Harmony FL real estate market in March 2022. Jeanine said the first thing she noticed in The Enclave which is a new community in Harmony is the sales are not showing up. Jeanine’s one sale in The Enclave for February did show up but there have been at least 3 more and they have not been reported so there are no stats on those sales.
Kristin, who is having a new home built in The Enclave said there have been a lot of struggles getting supplies to show up there, so she is not surprised that the sales are not showing up either. She agreed with Jeanine that the sales of homes at The Enclave are not showing accurately at this time.
Jeanine stated right now in Harmony there are 9 actives and 66 pending sales. This does not include new builds. Ashley Park has the condos and townhouses and there were 3 sold in March. The price per square foot was $151.52. She noted that the prices in Ashley Park are rising, and they are catching up to the rest of the market.
There were 8 resales for March in Harmony and the price per square foot was $178.66. Jeanine offered a reminder that one-story properties receive a higher price per square foot. She stated that therefore the price per square foot is not always a good indicator.
Jeanine said that the appraiser does use price per square foot for adjustments on the square footage. However, just because a home went for a certain price per square foot does not mean that’s what your home should sell for.
Jeanine knows people are looking at the price per square foot and that is why she lists it for her properties. Kristin says she realizes that people care about that indicator but also that it is just another metric. However, It is not the metric. Jeanine added that generally speaking, the smaller the home, the higher the price per square foot.
Jeanine said that in April and May there should be a lot more listings being added to the market. This is a good thing as she has a lot of buyers who are patiently waiting. She then moved on to the sales in The Lakes in Harmony which represent South Lake and East Lake. She said there were 4 sales for March. The price per square foot was $210.78.
Kristin reported that there were 3 custom homes sold in March and the price per square foot was $160.50. There was a massive home of over 6,345 sq. ft. that sold, and the price per square foot was $130.02. This brought the overall price per square foot down.
The other two custom homes in Harmony FL that sold were 2,500 and 2,200 sq. ft. in comparison. The price per square foot for these two were $176.88 and $174.60 respectively. Again, the larger homes will always have a price per square foot that is lower than smaller homes.
Harmony West had two sales in March Jeanine said and their price per square foot was $206.85. She said to be on the lookout for more homes coming on the market as she has 3 herself and another from one of her agents.
Jeanine asked Kristin to tell everyone about the CTC she received. Kristin said there are three magic words a buyer wants to hear and that is we are “clear to close” or CTC. She said she and her husband are clear to close on their home in The Enclave in Harmony.
She said it has been a fun experience to go through. First, they were waiting on windows and those came in, and then it was a second A/C unit for the 2nd story that just arrived recently. There are other little things missing but she is not worried about those. The one big thing still missing is the internet and cable!
We hope you enjoyed Jeanine and Kristin walking you through the Harmony FL real estate market report for March 2022. We want to keep you up to date with what is happening in the real estate market in Harmony so you can use this information to make an informed decision regarding your real estate needs.
