$4,393 Closing Credit*
$369,900
1,637 SqFt
3 Beds
•2 Full Baths, 1 Partial
Jim Fare, Listing Office: Blue Gulf Realty LLC
Is Paseo / Reflection Isles, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Paseo / Reflection Isles has remained a Buyer's Market.
Key Takeaway
Paseo / Reflection Isles is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Paseo / Reflection Isles, FL
How much do homes in Paseo / Reflection Isles, FL cost?
Median Sold Price
$458,500
$246/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$5,500(-1.2%)
Key Takeaway
Homes in Paseo / Reflection Isles have sold for 1.2% less than they did a year ago.
Summary: The median home sold price in Paseo / Reflection Isles was $458,500 in November 2024, down 1.2% from last year, and the median price per square foot was $246.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $365K | $355K | -2.7% |
| 3 Bedrooms | $503K | $455K | -9.5% |
| 4 Bedrooms | $700K | $635K | -9.3% |
| 5+ Bedrooms | $790K | $669.5K | -15.3% |
Summary: Paseo / Reflection Isles housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.7%, 3 bedroom homes decreased by 9.5%, 4 bedroom homes decreased by 9.3%, and 5+ bedroom homes decreased by 15.3%.
Median Sold Price Compared To Nearby Neighborhoods
| Cross Creek | $259.5K | $295K | +13.7% |
| Heritage Palms | $379K | $405K | +6.9% |
| Paseo / Reflection Isles | $464K | $458.5K | -1.2% |
| Colonial Country Club | $375K | $344K | -8.3% |
Housing Supply in Paseo / Reflection Isles, FL
How many homes are available in Paseo / Reflection Isles, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 57 | 61 | +7.0% |
Summary: The Paseo / Reflection Isles real estate market had 61 homes for sale in November 2024, a 7.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 22 | 24 | +9.1% |
| 3 Bedrooms | 23 | 24 | +4.3% |
| 4 Bedrooms | 11 | 12 | +9.1% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Paseo / Reflection Isles housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Paseo / Reflection Isles, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Paseo / Reflection Isles in November 2024, down by 16.7% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for Paseo / Reflection Isles, FL
How long does it take to sell a home in Paseo / Reflection Isles, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 48 Days | 95 Days | +98.8% |
Summary: Homes in Paseo / Reflection Isles had an average of 95 days on market in Nov 2024, up by 98.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Paseo / Reflection Isles are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 5 homes were sold in Paseo / Reflection Isles; 40% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 60% of homes were sold over 90 days.
