Does a Pool Home Sell For More?

By
Real Estate Agent with RE/MAX ELITE, Brevard County FL
I have the question many times, does a Pool make that much difference? It always comes down to supply/demand.
 
In Brevard County, Florida, the Challenge these days is a lack of supply of existing inventory. In parts of Brevard such as Viera, buyers are demanding quality luxury homes with Pools. Pool Homes are selling at a faster rate and yes they are selling for more. Supply and Demand always dictates the market price. In Viera, Builders are competing for new land to plan for 2014 as most of the land for 2013 is spoken for. With the lack of existing home inventory, many Viera buyers are resorting to Building New...and for those that do not have 7-9 months to wait for a new home in Viera, they are rushing in to bid on homes coming to the market.
 
See these interesting facts about recent pool home sales:
 
Supply/Demand in West Viera: If you are seeking a 4+Bedroom 3+Bath pool home in a non age restricted community, there are a total of only 8 Homes on the mkt. and only 5 Under $500,000...this is out of a total of just 45 Homes available....


Does a Pool Home sell for more?
 
Numbers don't lie!
past 6 months avg sold price of a pool home in West Viera $381,669 or $123 per sqft, days on mkt 69
Homes with No Pool: $291,556 or $116 per sqft, days on mkt 76
...

Average difference in Sales Price? $90K
 
 
 
If you would like to speak to me about what your home might sell for..
The correct pricing of your home is most critical from the very start. Along with that-Having the most effective marketing strategy to attract the most qualified buyers....... I am happy to speak to you to help you achieve what my Sellers have, a Sold Home for the best possible price in the shortest amount of time...
call or text anytime 321-749-9394
 
 
 
Steve Vitani - Realtor
RE/MAX ELITE
MULTI-Million Dollar Producer 2010,2011,2012
321-749-9394
www.STEVESELLSFLORIDA.COM
The #1 Real Estate Office in Brevard County, Florida
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Comments (2)

Dana Basiliere
Rossi & Riina Real Estate - Williston, VT
Making deals "Happen"

Steve,

If I was in Florida I would want a pool. Up here in Vermont there are a surprising number of pools but they DO NOT add to the value of a home on average because the audience that wants a pool is so small.

Jan 10, 2013 04:22 AM
Dee Toohey
Innovative Realty Solutions Group - Longwood, FL
Broker, ABR, AHWD, CIPS, FMS, ePro

Steve, a pool only adds value is the buyer wants a pool and wants an existing pool instead of building their own.  Every market is different.  As Dana said, in his market, not many want a pool but it's in the 80s here in Central Florida and the pool feels great today! 

Jan 10, 2013 04:25 AM