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Homes Sold & Homes for Sale in Watercolor – July

Watercolor had a good month of sales in July with six homes sold.  They ranged from a four bedroom, four bath, 2376 square foot home for $1.25 million to a six bedroom, seven bath, 5100 square foot home that sold for $3.5 million.  The latter home is nearing completion of construction and has views of Western Lake and to the gulf in the distance. 

Homes Sold in Watercolor – July 

Total # of Listings    6
Lowest Price Listing  $1,125,000
Highest Price Listing  $3,500,000
Average Price          $1,695,833
Avg. Price/SqFt       $546
Avg. Days on Mkt     296

Watercolor Sold July Graph 




(Click on the graph above to enlarge)

At the beginning of August there were 156 homes for sale in Watercolor.  They range in price from $569,000 for a three bedroom, four bath, 1796 square foot home to $4.995 million for a four bedroom, five bath, 2538 square foot home that fronts the gulf.  The homes that front the gulf in Watercolor still have a good deal of foliage between the house and the water, but there are board walks to lead you to the sand and water. 

Homes for Sale in Watercolor – Beginning of August 

Total # of Listings     156
Lowest Price Listing   $569,000
Highest Price Listing   $4,995,000
Average Price           $1,808,305
Avg. Price/SqFt         $673
Avg. Days on Market  212 

(Click on graph below to enlarge)

Watercolor Active Beginning August





The bad news for Sellers is all this translates to 26 months of inventory on hand (the 156 homes for sale in Watercolor divided by the six homes sold in Watercolor).  On the positive side, the six homes sold in July mark the most homes sold in any given month (except for seven homes sold this March) in the past 27 months. 

This entry was posted on Tuesday, August 14th, 2007 at 8:50 am and is filed under Real Estate News, Watercolor Living. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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