Welcome to the Kissimmee Market Update – November 2023, where I, Jury Hernandez, your Kissimmee realtor, unveil the inside scoop on current trends, market stats, and crucial advice for homeowners like you gearing up to sell. So, let's skip the formalities, grab your favorite drink, and dive into the exciting realm of Kissimmee real estate!
The Current Landscape in Kissimmee, FL
As we near the close of 2023, let's break down the Kissimmee housing scene. The holiday vibes are setting in, and with the Federal Reserve playing puppeteer with interest rates, we're in for a dynamic ride. In the past 30 days up to November 28, 2023, 408 new homes hit the market, swelling our inventory to 1,541. If you've been on the market for 86 days or more, now's the time to rethink and spice up your strategy.
Pricing Dynamics and Seller Strategies
In the hustle of the market, 655 sellers dropped their prices by an average of 7.43%, while 84 decided to play the increase game at 5.5%. Builders? Well, they do their periodic dance. In the last month, 325 homes found love, but 77 went back to market (dating again). Closing the deal took an average of 38 days, plus an extra 35 to 45 days for the holiday season closing. Planning to list soon? Clock's ticking!
And here's a nugget of wisdom – those who decided to decrease their prices aren't alone. It's a strategic move, a dance with the market. As a seller, you're in a dynamic waltz with potential buyers, and sometimes a dip in the price can be the perfect twirl to capture their attention.
Now, home price adjustments is not the only strategy that will help you get your house sold. There are many, and when you hire a real estate agent like me you will get a plan with different strategies that promises to get your house sold.
So, what are you waiting for, book a free consultation with me now! I'll leave my calendar an the end of this article.
Pricing and Value for Home Sellers
Are you getting what you're asking for? On average, sellers are pocketing 98% of their list price. But in deeper dive into the 255 recent closings, and we found 141 sellers giving a little extra, around $12,500 in seller credits. This is where the art of pricing meets market dynamics. The median sales price? $399,610. Your unique features – upgrades, pool, outdoor kitchen – they matter. Let's chat to fine-tune your pricing strategy.
Every home has a story, and yours is no different. Upgrades, additions, or unique features – they all contribute to the narrative of your property. Imagine a potential buyer walking in and feeling the vibe, imagining their life unfolding within those walls. That's the magic of real estate. It's not just about numbers; it's about creating a story that resonates with the person walking through the door.
Navigating Unsuccessful Sales and Inventory Trends
Let's be real – not every listing ends in a victory dance. In the last 30 days, 93 listings threw in the towel (canceled), and 42 called it quits (expired). Pricing your home right is the secret sauce. Teaming up with a local expert, someone like yours truly, can turn the odds in your favor.
The key to a successful real estate journey lies in understanding the ebbs and flows of the market. Listings get canceled, and some expire, but it's not the end of the road. It's a nudge to recalibrate, reassess, and strategize for a triumphant comeback. As your trusted realtor, I'm not just here to sell your home; I'm here to guide you through the highs and lows, ensuring your journey is not just successful but fulfilling.
The Kissimmee Real Estate Inventory and Market Stability
Hold onto your hat – Kissimmee's market is stable, boasting six months of inventory. This equilibrium signals increased competition for for you as a seller. In contrast to a few years ago, when demand outstripped supply, the current environment demands a strategic approach to negotiations.
The game has changed – negotiation is the name of it. As a seller, you're not just putting a property on the market; you're entering a negotiation arena. It's not just about the price; it's about understanding the dance of conditions, timelines, and expectations. This stability isn't a hurdle; it's an opportunity to craft a winning strategy that puts you ahead in the negotiation game.
Understanding the micro-markets within Kissimmee, such as Solivita to Stepping Stone, Kindred, and the historic downtown gems like Orange Gardens, Pine Crest, and others, is essential. Each community has its unique dynamics, impacting the valuation of homes. I recommend working with a local real estate agent who can provide not only current market data but also market insights into the future direction of the real estate market within the Kissimmee area.
Preparing Your Home for Sale: The Three D Plan
In today's market, buyers are seeking move-in-ready homes. The modern homebuyer, often financing 95% of the purchase price, is looking for homes with updated kitchens, bathrooms, and minimal maintenance requirements. To meet these expectations, I recommend you to start with the Three D Plan: Declutter, Deep Clean, and Depersonalize. This approach not only enhances your home's appeal but also positions it favorably in the eyes of potential buyers.
Your home is not just a property; it's a canvas waiting for someone to envision their future. The Three D Plan is not just about cleaning and organizing; it's about creating a blank slate where potential buyers can picture their lives. Decluttering isn't just about space; it's about clearing the emotional space for a new chapter.
Conclusion and Consultation Offer
In a nutshell, Kissimmee's real estate is a rollercoaster. We're stable, you've got equity, but patience is the key. I, invite you for a chat – a no-strings-attached consultation. Specializing in single-family homes in Kissimmee, I've got the insights to make your sale a success.
Your home is not just a property; it's a piece of your life, a chapter in your story. Selling it isn't just about the transaction; it's about closing this chapter gracefully and opening the next one with confidence. I'm not just a realtor; I'm your guide, navigating the twists and turns of the market with you. Let's craft a strategy that not only sells your home but ensures you move forward with satisfaction and excitement for what lies ahead.
To schedule your free consultation and embark on a successful home selling journey, check my calendar provided at the end of this blog. Thank you for joining me on this Kissimmee adventure, and here's to unlocking your real estate dreams!
