Time to report on single family homes sales in Citrus County for 2018. Sales continue to flourish…but there is speculation that the cyclical real estate recession may come in another year or so…so another good year is expected for 2019. 2018 sales certainly support it was a very good real estate year for Citrus County: 3425 single family homes sold, a little less than what sold in 2017.
Here are some stats. Again, I basically service the Ridge area of CC and so I focus on those communities.
Black Diamond Ranch had one less home sale in 2018 than 2017, but sold more homes dollarwise. 2017 home and lot sales were 7 million dollars and this year homes sales were around $9,267,000. Lot sales rose from about $191,000 in 2017 to $579,400 in 2018. There are nine pending home sales in Black Diamond going into 2019!
Century 21 J W Morton (team:Linda, Kerry and Marty) continue to have the most sales sides than any other realty company. With 28 2018 Black Diamond home sales, there are 56 sides (list and sale sides). With 20 lots sales there are 40 sides. Century 21 had 15 homes sides and 12 lots sides for over $6,000,000 in sales (each of the team had more than 2 million in sales each: Linda 8 homes 7 lots, Marty 4 homes 2 lots, and Kerry 3 homes and 3 lots). Foxfire was second with 6 home sides and one lot for more than $2,100,000 in sales. Black Diamond Realty was third with 7 homes sale sides and 11 lots for just over 2 million in sales. Exit Realty had 4 sale sides for just over $2,000,000 in sales.
BD 2018 Home sales:
Black Diamond pending:
Pine Ridge home sales:
Meadowcrest home sales:
Terra Vista sales:
All Citrus Hills sales:
What do the local, state and national realty leaders say?
Citrus County real estate has obstacles:
Ruth Edward President RACC… “Citrus County is small, rural and dominated by retirees and there’s not much here, she said, to attract younger families. It needs more industry, more retail, more roads and more entertainment options.”
“Rising home prices and mortgage rates have created high hurdles for home-buyers, while cost increases have made it difficult for builders to deliver homes at the most in-demand price points,” says Danielle Hale, chief economist at realtor.com.
New findings from a National Association of Realtors survey show that despite a favorable view on the economy and the direction of home prices, the sentiment on home buying continued to diminish at the close of 2018 – though a majority still think it is a good time to buy.