$9,202 Closing Credit*
$774,900
2,662 SqFt
4 Beds
•2 Full Baths, 1 Partial
Felipe Miranda, PA, Listing Office: Royal Shell Real Estate, Inc.
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 October 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
$450,000
$248/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$12,000(-2.6%)
Key Takeaway
Homes in Paseo / Reflection Isles have sold for 2.6% less than they did a year ago.
Summary: The median home sold price in Paseo / Reflection Isles was $450,000 in October 2024, down 2.6% from last year, and the median price per square foot was $248.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $365K | $361K | -1.1% |
| 3 Bedrooms | $495K | $428.7K | -13.4% |
| 4 Bedrooms | $661.5K | $645K | -2.5% |
| 5+ Bedrooms | $790K | $669.5K | -15.3% |
Summary: Paseo / Reflection Isles housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.1%, 3 bedroom homes decreased by 13.4%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes decreased by 15.3%.
Median Sold Price Compared To Nearby Neighborhoods
| Cross Creek | $265K | $307.1K | +15.9% |
| Heritage Palms | $379K | $405K | +6.9% |
| Paseo / Reflection Isles | $462K | $450K | -2.6% |
| Colonial Country Club | $369.5K | $356.7K | -3.5% |
Housing Supply in Paseo / Reflection Isles, FL
How many homes are available in Paseo / Reflection Isles, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 48 | 58 | +20.8% |
Summary: The Paseo / Reflection Isles real estate market had 58 homes for sale in October 2024, a 20.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 19 | 26 | +36.8% |
| 3 Bedrooms | 20 | 21 | +5.0% |
| 4 Bedrooms | 8 | 10 | +25.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Paseo / Reflection Isles housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 36.8%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were 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. 100% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Paseo / Reflection Isles in October 2024, up by 100.0% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 19 Days | 61 Days | +219.4% |
Summary: Homes in Paseo / Reflection Isles had an average of 61 days on market in Oct 2024, up by 219.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Paseo / Reflection Isles are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in Paseo / Reflection Isles; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
