Spanish Acres – Dunedin Fl – Market In A Minute
February 16, 2015 12:08 PM
SPANISH ACRES is a community in Dunedin FL of approximately 114, 3 to 5 bed room, single family pool homes . Within Spanish Acres you will find homes constructed between 1982 – 1990 ranging in size from 1,700 to 3,000 square feet.
The SPANISH ACRES “Market In A Minute” chart below reveals the average sold prices of homes sold in Spanish Acres over the past ten years d) Avr sold price. Additionally, related data such as the “Sold Price/Square Foot” g)SP/SF as well as the ‘Average Days on Market” f) ADOM can be observed. One sale has been recorded as of 16 Feb, 2015.
Of special note to a Spanish Acres home owner will be the trajectory of trend lines f)ADOM and d) Avr Sold Price. The correlation of the movement of these trends suggests 2015 will be a great year for Spanish Acres home owner in regards to substantial value increases.
The data from which the chart is derived is shown below. Annual Sales have reached traditional volume. Increased sales volume and shorter days on market combine to drive average sold price higher. You will notice the ‘Avr Sold Price’ for 2014 are approaching the highest recorded in 2005 and 2006. If the first sale in 2015 is an indicator, this will be a good year for the patient Spanish Acres home owner.
At this time Spanish Acres is not the recommended option for short term investors but will prove beneficial for occupant buyers or long term owners considering updating their homes. Although distressed sales and invisible inventory does exist, they do not exist in sufficient quantity to establish an investing or acquisition strategy. When the two existing foreclosures are processed and returned to the market, a big bump in average sold price should be expected.
Click HERE to see what is currently for sale in SPANISH ACRES.
From the data shown in the SPANISH ACRES Market In A Minute one can determine the value of the average house in Spanish Acres. By applying the Sold Price /Square Foot ($115) to the size of your home, the average SPANISH ACRES home of equivalent size can be extrapolated. HOWEVER, Spanish Acres homes are all unique and such a method would be greatly misleading. Clearly a better way is needed to determine the value of your unique home.
Such a method must account for any investment, improvement, tangible asset and condition of the home. Such a method will remove the subjectivity of value determination and apply objective measures. For just such a purpose, the CIS Score evaluates ten attributes of a home, adjusts for the cosmetic, investment and systems present and delivers a value based on home owner and investor priorities.
Depicted below is an excerpt of a CIS Score that objectively evaluates 10 aspects of a house and calculates a value appropriate for a occupant buyer or investor.
When it is time to buy a new home or sell your existing home, relevant information is essential to making an informed decision.
Don’t wait another minute to put the benefits of the Market In A Minute & CIS Score to work for you TODAY.
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