Wednesday, February 6, 2019

Tuesday, January 29, 2019

Why Millennials Can't Purchase a Home

The American dream has been delayed for many millennials.  Nine out of ten millennial renters wish to purchase a home but cannot do so in the near future. 😞

According to a recent survey from ApartmentList.com, 72% of millennial renters site affordability as a factor with 62% of those renters pinpointing the fact they have zero savings. An estimated two-third's of millennial renters would require two decades to save a 20% down payment on a median priced home.

What's the cause?  Read the full article (here).

There is hope for the millennial generation and this can certainly be turned around much sooner than later.  Click over to my friend, Dave Ramsey's blog (here) and find out how.

 Reposted by JoAnn Young, Florida Realtor 321-243-4917, JoAnn@MyFLDreamHome.com

Wednesday, January 2, 2019

Kingsmill Subdivision 2018 MLS Sales Data

Kingsmill Subdivision, 
Melbourne, Florida Sales - MLS Data Only

Jan. 1, 2018 - Dec. 31, 2018
Data compiled by JoAnn Young 

There were 25 homes sold in the MLS & 1 non-MLS sale that I aware of from 1/1/2018- 12/31/2018

Pool Homes:                                                                    
Average Price  $273,653
Average Price per sq ft  $149.95
Average days on the market (DOM)  43

Non-Pool Homes:
Average Price  $240,977
Average Price per sq ft $136.55
Average days on the market (DOM) 28

Sales:
2623 Nobility Ave        1809 sq ft,     4/2,  Pool    $265,000
2403 Empire Ave        1690 sq ft,     3/2,  Pool    $245,000
2742 Kingsmill Ave     1877 sq ft,     3/2,    ----      $237,000
2781 Majestic Ave      1881  sq ft     3/2,    ----      $245,000
2697 Empire Ave        1640 sq ft      3/2,    ----      $222,000
2419 Kingdom Ave     1886 sq ft      4/2,   Pool     $256,000
2739 Empire Ave        1824 sq ft      3/2,   Pool     $277,500
2434 Kingsmill Ave     1554 sq ft      3/2,    ----      $226,700
2794 Kingdom Ave     1604 sq ft      3/2,    ----      $254,000
2417 Empire Ave        1663 sq ft      3/2,    ----      $245,000
2476 Kingsmill Ave     1825 sq ft      3/2.    ----      $209,000
2753 Empire Ave        1605 sq ft      3/2,   Pool     $260,000
2727 Kingdom Ave     1845 sq ft      3/2,   Pool     $278,000
2671 Kingdom Ave     1711 Sq ft     3/2,    ----       $245,000
2626 Nobility Ave        2034 sq ft     3/2,    ----       $255,000
2613 Majestic Ave       1484 sq ft    3/2,     ----      $235,000
2807 Kingsmill Ave      1961 sq ft    3/2,    Pool    $285,000
3401 Monarch St          2144 sq ft    3/2,    ----       $283,000
2638 Empire Ave         1854 sq ft     ?/?    Pool     $305,000  - Non MLS sale 4/23/2018 - $164 sq ft
Since the last report published (7/31/2018) the following have also sold:
2497 Nobility Ave        1947 sq ft    3/2,     Pool     $263,000
3561 Monarch St        1568 sq ft     3/2,     Pool     $246,500
2710 Nobility Ave       1496 sq ft     3/2,      ----       $235,000
2725 Empire Ave        1903 sq ft     4/2,     Pool     $281,500
2599 Empire Ave        1925 sq ft     4/2,     Pool     $263,000
2613 Empire Ave        2031 sq ft     3/2,      ----      $235,000
2668 Nobility Ave        1807 sq ft     4/2,      ----     $260,000

Additional Information:
Currently there are 2 properties under contract and only 1 active listing (203 DOM).  There have been no closed sales since 10/29/2018.  3 properties have expired in the MLS in the last month - meaning they were listed for 6 months and did not sell.  I use Kingsmill as a benchmark for the rest of the real estate market.  Sales have slowed and our market has shifted.
2018 was an excellent year for home sellers in Kingsmill!
This is free information for Kingsmill residents to inform neighbors of our values in the neighborhood.  Your questions & comments are always welcome:  email: JoAnn@MyFLDreamHome.com
You can also follow me on Facebook at MyFloridaDreamHome

Have a fantastic New Year Kingsmill Neighbors!  Love living in Kingsmill!
JoAnn Young
Young & Young Properties
321-243-4917