Just under fifty homes sold in The Oaks in 2019, nearly all of them priced between $750,000 and $1.7 million. Twenty-six of the forty-seven sales were for less than $1 million.
The highest price of the year was $2.275 million for 17591 Cadena Drive. Built in 2018, the house has seven bedrooms in nearly 6800 square feet with a gorgeous pool deck and pool overlooking a corner lake view.
That was an outlier. The top otherwise included four homes priced from $1.5 million up to $1.675 million, all over 6000 square feet. The largest was 9551 Grand Estates Way with over 8400 square feet at $1.66 milllion. It was originally listed for over $2.6 million, then taken of the market, relisted for $1.66 million and promptly sold.
At this writing there are 32 homes listed for sale in The Oaks. That’s a good sign for sellers as inventory is down from our last report. Eleven are listed at prices below $1 million. Other than a bank-owned home listed at $743,000, the lowest price is $800,000 for 17928 Villa Club Way with four bedrooms and three bathrooms in 3200 square feet. Five homes are listed optimistically at prices of $2.2 million to $2.4 million. Since only one home sold in all of 2019 for over $2 million, these sellers may have to wait a while.
Two homes sold in 2018 at just over $2 million with two more selling close to $1.9 million, so there’s some hope. The low end this year is up as there were two sales in 2018 under $700,000. On the other hand last year less than half the sales were under $1 million. There were 48 transactions last year, and 47 so far this year.
Four listings are in pending or backup status at this writing, one listed at $750,000, two at $1.2 million and one at $1.48 million. Two of the four just went under contract a few days ago. The other two have been lingering.