Land Prices in Poinciana FL Village 8 comparing Jan to Mar 2018 to Jan to Mar 2019
Real estate market data for Poinciana, FL provided by Kevin B Tolbert PA of Florida Tolbert Team at Keller Williams Realty.
Poinciana Land Prices
We have seen 60 straight months of listing price increases on Land Prices in Poinciana FL and don’t expect things to slow down anytime soon. If you are considering investing in vacant land, you can still find deals on land in Poinciana and having a great real estate agent who understands the market, sells more than any agent in Central Fl, and specializes in Vacnat Land and New Home Construction is a must. Don’t wait on the sidelines for too long, many of our listings are starting to sell within a few days of hitting the market. To make sure you don't overpay for your investment, you'll want to have an agent that does a thorough market analysis of the Poinciana Land Market on which you are making an offer.
If you are interested in how much current inventory is on the market in Poinciana you can find that information by clicking on the link. High inventory will suggest that land are sitting on the market for longer in Village 8. Currently in this area of Poinciana land and lots have a median time of 66 days on the market before they sell. This would suggest that buyers need to act quickly in order to secure a winning position and make an aggresive offer on vacnt land. Sellers should make sure to price their land near the market value if they expect to get an offer from one of those interested buyers. Low inventory in Poinciana has multiple offers coming in on properties similar to what we saw back in 2007. I would expect prices to run up quite as fast as they did back then as banks have gotten a lot stricter on lending guidelines and are no longer giving a loan to anyone with a pulse. But low inventory and high sales pace are 2 indicators that prices should continue to rise.
The median sale price in 1st Qtr 2018 for single family lots in Village 8 of Poinciana was $15,600. The median sale price in 1st Qtr 2019 for single family lots in Village 8 of Poinciana was $19,500. The Sale prices increased by 25% year over year 1st qtr 2018 to 1st Qtr 2019.
The median sale price in June 2019 for single family lots is $22,500, and The median sale price in June 2018 for single family lots was $15,000,. The sale prices rose to rise by 50% from the previous year of $15,000.
Price Changes over the last 5 years for Poinciana Village 8
One HUGE takeaway from this report is the lack of remaining vacant lots available in Poinciana Village 8 and with multiple buyers chasing them in huge purchases, it is looking very likely that Poinciana Village 8 will be sold out to New Home Construction builders or investors this year.
The good news is there are 7 other villages in Poinciana that have available vacant land and we are going to run this same report for Poinciana Village 7 Vacant Land so our saavy investors can see that now is the time to be investing in the logically next area about to explode in Poinciana, and with incredible price increases like Poinciana Village 8, we would love to help our investors get in NOW in Poinciana Village 7 so that you can be ready when the builders of Village 8 are finished this year and move over to the next hot area, Poinciana Village 7.
Find Lots for Sale in Poinciana FL
Visit my website to Search for Land for Sale in Poinciana FL Village 8 or to be notified when Poinciana Land comes on the market.
To find out what your land is worth in the current market email me or call 772-834-0099.