Harmony Florida Housing Market Report For January 2022
Harmony Florida Housing Market Report For January 2022Presented By Jeanine Corcoran
Jeanine is the broker of Corcoran Connect which is a realestate company. Jeanine is joined by her co-host Kristin Macariowner of Studio Nine 13. Welcome to the 11th episode of DiscoverHarmony Florida.
Jeanine started the discussion by stating that there were only 9properties sold in Harmony, FL for the month ofJanuary 2022. There were 4 properties sold in The Lakes which isthe 55 and older community and then there were 5 resales.
In comparison, for January 2021, there were 8 properties sold soalmost the same activity. Kristin commented that even thoughproperties sold were one more this year versus last year, it seemedquieter this year. She stated it felt quieter because there is somuch desperation in the air. There are so many buyers chomping atthe bit to get into Harmony. View source video here.
Jeanine concurred and said that buyers are anxious, and shedoesn’t blame them as this is a challenging market for them.And with the interest rates looming which is making buyers evenmore anxious. She feels bad for buyers right now.
Kristin said she and her husband have been trying to buy a homein Harmony Florida for 18 months and they finally went undercontract and their home is under construction with Jones Homes. Shesaid she drives by every day to see if something new is done.
Real Estate Inventory Shortage Harmony FL
Kristin said that with the desperation of buyers if somethingdoes come on the real estate market and it is appropriately priced,it sells very quickly. She said we need more inventory for buyers.Kristin asked Jeanine what the available inventory looks like?
Jeanine said there are only 11 active listings currently. Thereare six in Harmony West, three in The Lakes, and two in resale. Shesaid that is not very many at all. The Lakes property sales havebeen on fire, and it seems to go in waves. She said there has onlybeen one condo/townhome sale since the summer.
Jeanine mentioned that it would be great to have Robert Bass, areal estate appraiser on the Discover Harmony Florida podcast. Shecalled him recently to discuss how to follow proper guidelines forthe sale price of a condo as there haven’t been any soldsince last summer and the market grew 19-20%. He was kind enough towalk her through the exact steps on how to properly price acondo.
Jeanine also mentioned bringing on some mortgage people andwould be asking them what their prediction on the market would beover the short and long term. She was thinking of having threemortgage experts on and hearing what they think about themarket.
Harmony Florida Mortgage Companies Offering HomeSeller’s Advantageous Programs
Jeanine stated there are 40 pending home sales in HarmonyFlorida right now. Thirty-two of the 40 pending homes for sale arein Harmony West and they are builder homes either underconstruction or going under construction. What this means is thereare only 8 existing homes in Harmony that are pending.
Jeanine closed by stating that they work with two mortgagecompanies that offer a couple of options for buyers. They have aprogram where a person could move out of their house, buy theirnext one, and where their current home doesn’t have to becontingent on the purchase of their new home. This is a greatoption that these mortgage companies came up with due to thechallenges in the current real estate market.
Kristin also mentioned another current challenge regarding“no inventory” in the market. People are hesitant rightnow to sell their homes because there are no homes to buy hencepiling on to the current problem of “there are no homes tobuy”. These mortgages companies with these unique programsare helping to alleviate this issue.
We hope you enjoyed Jeanine and Kristin walking you through theHarmony Florida housing market report for January 2022. We want tokeep you up to date with what is happening in the real estatemarket in Harmony so you can use this information to make aninformed decision regarding your real estate needs.