Quail Ridge Real Estate Sales and Trends 2013
I am very pleased to report a near record year for real estate sales in Quail Ridge! We finished 2013 with 70 sales and welcomed 53 new members. Quail Ridge Realty was involved in 97% of those transactions, clearly demonstrating our consistent, professional commitment to our wonderful community.
The outlook for real estate in general is definitely trending positive and I expect Quail Ridge will continue the strong sales numbers seen in 2013. 2013 sales are up 23% over the 2012. These strong expectations are driven by an improving state economy. One of the main drivers of growth in Florida continues to be tourism. After a record setting year in 2012, Florida tourism has continued its record growth. The third quarter was no different as Visit Florida projected a record 22.9 million visitors to the state this quarter which is a 1.7% increase of the prior year and a new third quarter record. This has led to continued tourism related job growth, which has led Florida in job growth for 41 straight months.Despite the persistent uncertainties, Florida’s economy and therefore the real estate markets continue to improve and that trend should continue. The addition of two Amazon distribution centers and Hertz’s decision to move its corporate headquarters to Florida show that the environment in Florida in conducive to investment which will help continue the positive improvement in the state.
A look at Quail Ridge 2013 sales numbers by floorplan
Terrace 2 bedroom: 11 sales – average price of $95,000 View available Terrace units
Garden 2 bedroom: 12 sales – average price of $131,000 View available Garden 2 bedroom units
Garden 3 bedroom: 24 sales – average price of $150,000 View available Garden 3 bedroom units
Townhomes: 3 sales – average price of $90,000 View available Townhomes
Villa: 16 sales – average price of $433,000 View available Villas
Custom Homes: 4 sales ranging from $625 – $1,049,000 View available Homes
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