Inventory remains pretty tight with 70 places for sale. Considering there are approximately 1300 home in WFCC, that means only 5% of homes are on the market. List prices range from $235,000 up to $3,300,000
There have been 68 homes reported to the MLS as closed over the last 12 months. Sales prices have ranged between $135,000 and $2.5 million
As we get closer to season, the colder months up North (typically November - April), we should get an uptick in number of homes for sale. We might see a 10 - 20% uptick in homes. Considering there are only 70 homes on the market now and 20 communities within Woodfield itself, that might only mean 1 or 2 extra listings in any given neighborhood. Seeing how sales are robust and inventory is light, you can expect the list prices to edge up in price.
If you are a buyer, you might want to consider something that is currently on the market because once the majority of 'snow bird' buyers return, the inventory will keep thinning out eventually driving prices even higher. Plus LRP Phase 1 is almost complete. Residents have been hearing completion would be late June to early July 2016, but since we are almost in August, the date will probably be pushed to Labor Day 2016.
Please keep in mind the fee to join Woodfield is set to increase at the end of September 2016. If you do not purchase prior to then, it will cost you are extra $10,000 to join.
Current Woodfield Country Club Membership fee (prior to $10,000 increase) The non-refundable $20,000 fee will jump to $30,000
I have another home on the market going through extra renovations over the next few months and will prove to be the buy of the year. If you want to be updated on that home, please send me an email at roiresearch@gmail.com
Thank you
Craig Greenberg
561-376-8540
