How's the Real Estate Market??

Alva, FL

Single-Family Homes

Astrid Hartleb | 239-558-1130 | https://affinityswfl.com



Alva, FL

Mon Jan 17 2022
This week the median list price for Alva, FL is $653,999 with the market action index hovering around 49. This is about the same as last month's market action index of 49. Inventory has decreased to 16. Click here to stay informed with the Alva market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Alva, FL

Mon Jan 17 2022
This week the median list price for Alva, FL is $653,999 with the market action index hovering around 49. This is about the same as last month's market action index of 49. Inventory has decreased to 16. Click here to stay informed with the Alva market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Alva market.
Median List Price $653,999
Median Price of New Listings $499,999
Per Square Foot $278
Average Days on Market 149
Median Days on Market 116
Price Decreased 31%
Price Increased 13%
Relisted 6%
Inventory 16
Median Rent $2,220
Market Action 49
Strong Seller's Market

Despite this week’s up tic, the market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this shift.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$2,839,500 4,220 5 - 10 acres 4 4.8 22 0 0 231
$974,500 3,387 1 - 2.5 acres 4 3.5 17 0 2 21
$466,524 2,086 0.5 - 1 acre 3 2 29 1 2 175
$324,700 1,389 0.5 - 1 acre 3 1.5 57 0 4 56