Amberlea, a community of approximately 231 single family homes is located in beautiful Dunedin, FL. Three and four bedroom homes constructed in the early 70’s primarily of block construction.
The Market In A Minute (MIAM) chart below presents very interesting data regarding markets trends in Amberlea.
Trend d) Average Sold Price and trend g) Sold Price/ Sq Ft (sp/sf) are trending upward while trend f) Average Days On Market (ADOM) declines suggesting even more robust value increases are ahead.
The data behind the chart is below. Close observation suggest continued interest in move up or downsizing remains.
Very few opportunities exist for investors looking for short hold options in Amberlea. However, those with scale-able business models will find low risk opportunities with lesser margins.
Below is an excerpt of a CIS Score for the home sold at 1328 Amberlea Court.
This 4/2/2 pool home received a CIS Score of: 9595-599-550 on Aug 15, 2014, the date of my visit. The house was listed at $229,900
Scores above 5 add value while scores below 5 reduce value.
At that time the CIS Score Projected sold price was: $229,465.
This home sold months later for $230,000
Zillow guessed the value to be $189,643, off by 18%
Tax authorities were off by 45%
Big bank value off by 4%.
CIS Score off by a margin of less than 1%
What is a CIS Score?
An objective measure of a house value based on tangible assets, condition and normalized for community market conditions. Ten house systems are assessed by applying a simple three option response.
To date the running accuracy of the CIS Score for home between 200 and 800 thousand dollars is slightly less the 5%.
Need a CIS Score for your home or the home you have interest in buying simply call a local REALTOR or call me or click the link HERE to get more information.
Best of Success,
Annette Lawrence, Broker/Associate
Remax Realtec Group
Palm Harbor, FL
727.420.4041
Annette Lawrence's Weblog 