Fox Tales Real Estate Market: Introduction
This report by Jessica Horton analyzes the real estate market dynamics in Fox Tales, a neighborhood predominantly featuring new construction homes in Pike County, Georgia, comparing the first halves of 2023 and 2024. By examining listing and sales activities, pricing strategies, and market responsiveness, Jessica aims to uncover the trends influencing this developing community.
Fox Tales Market Snapshot
Fox Tales Real Estate Market: H1 2023
Fox Tales Real Estate Market: H1 2024
Fox Tales Housing Market Overview
Fox Tales Real Estate Market: Homes Listed For Sale 2023 vs. 2024
Listed Homes for Sale
- 2023: 14 properties
- 2024: 5 properties
The substantial decrease in listed properties in 2024 could indicate a strategic slowing down of new construction releases by the builder(s) to manage market supply.
Fox Tales Real Estate Market: Homes Sold 2023 vs. 2024
Homes Sold in Recent Years:
- 2023: 3 properties
- 2024: 2 properties
Despite the reduced inventory, the sales volume shows a slight decrease, suggesting a stable demand but perhaps a more selective buyer market in 2024.
Fox Tales Price Analysis
Average Listing Price in Fox Tales
- 2023: $439,000
- 2024: $439,676
The average list price has remained relatively stable, with a slight increase in 2024, indicating that the builders’ expectations about property values have not changed significantly over the year.
Listing Price Range
- 2023: $511,464
- 2024: $559,338
List Price Range
- 2023: Lowest: $464,900 | Highest: $559,000
- 2024: Lowest: $500,000 | Highest: $589,000
The average list price has increased, reflecting the premium pricing associated with new constructions and possibly improvements or upscale features introduced by the builder(s).
Average Selling Price
- 2023: $505,236
- 2024: $539,345
Selling Price Range
- 2023: Lowest: $464,900 | Highest: $530,000
- 2024: Lowest: $499,900 | Highest: $578,790
The selling prices follow the list prices with an upward trend, showcasing robust valuation and buyer willingness to invest in higher-priced new homes.
Fox Tales Market Dynamics
Average List to Selling Price Ratio
- 2023: 100.4%
- 2024: 100%
The slightly over 100% ratio in 2023 and an exact 100% in 2024 indicate that homes are selling very close to their listing prices, a sign of a well-calibrated market where homes are priced effectively relative to buyer expectations.
Average Days on the Market
- 2023: 24 days
- 2024: 23 days
The consistency in the days on the market reflects a quick turnover, typical for new constructions in sought-after areas, suggesting that the properties are attracting prompt home buyer interest.
Conclusion on the Fox Tales Real Estate Market
"Well-informed consumers make better financial decisions in real estate." - Jessica Horton
The Fox Tales neighborhood in Pike County continues to display a strong market for new construction homes, with high valuations and quick sales. The decrease in listings in 2024 might reflect builders’ strategic planning, focusing on quality and exclusivity over quantity. For prospective buyers and sellers, these trends highlight the importance of timely decision-making, given the quick sales cycle and the premium associated with new developments.
Jessica Horton
With over 20 years of unparalleled experience in the real estate industry, Jessica Horton has cemented her legacy as a trailblazer and visionary.
Experience
Jessica Horton - 20+ years experience in real estate and hundreds of successful transactions. She is consistently recognized for exceptional results.
Top-rated
Since winning Rookie of the Year in 2002 and a Top Producer each year after, Jessica's career has been a constant quest for excellence, consistently excelling from 2001 to 2023.
Industry expert
Jessica is a respected speaker for both the National Association of Realtors and the Real Estate Buyers Agency Council (REBAC), showcasing her professional credentials.
