BEAUTIFUL SURREY CREST WITH BASEMENT

 

 

 

 

57142 Nightingale Way Website                     CLOSED

 

This beautiful Surrey Crest home is on a charming tree-lined cul-de-sac in the highly sought after Grey Hawk neighborhood and is conveniently located near The Lodge amenity center and Water's Edge Park. Enjoy views of the beautiful rear woods from the primary bedroom, office/den, three-season porch, and upper deck, as well as from the basement bedroom and living area, and covered lower patio. The beautiful kitchen has granite counters, a tile backsplash, stainless steel appliances, and fabulous pull-out shelves. The washer and dryer in the laundry room, which is conveniently located between the kitchen and the garage, both convey. The large basement has a great room with a bar/serving area, a flex room that would make a great study, office, or craft room, a large bedroom & bath, and a large unfinished utility room/storage area. This fabulous home has been freshly painted, has new carpeting, and is move-in ready! 

Now is the time to live your dream! Come and enjoy all the beautiful amenities & diverse activities this premier 55+ community has to offer!  Sun City Carolina Lakes has a public golf course and is in close proximity to shopping, restaurants, medical facilities, recreation areas, entertainment, and more!

 

Why 50% of Homes Are Selling for Under Asking and How To Avoid It

Article Courtesy of Keeping Current Matters/The KCM Blog

If your selling strategy still assumes you’ll get multiple offers over asking, it’s officially time for a reset. That frenzied seller’s market is behind us. And here are the numbers to prove it.

 

From Frenzy to “Normal” 

Right now, about 50% of homes on the market are selling for less than their asking price, according to the latest data from Cotality.

But that isn’t necessarily bad news, even if it feels like it. Here’s why. The wild run-up over the last few years was never going to be sustainable. The housing market needed a reset, and data shows that’s exactly what’s happening right now.

The graph below uses data from Zillow to show how this trend has shifted over time. Here’s what it tells us:

• 2018–2019: 50–55% of homes sold under asking. That was the norm.
• 2021–2022: Only 25% sold under asking, thanks to record-low rates and intense buyer demand.
• 2025: 50% of homes are selling below asking. That’s much closer to what’s typical in the housing market.

Why This Matters If You’re Selling Your House

In this return to normal, your pricing strategy is more important than ever.

A few years ago, you could overprice your house and still get swarmed with offers. But now, buyers have more options, tighter budgets, and less urgency.

Today, your asking price can be make or break for your sale, especially right out of the gate. Your first two weeks on the market are the most important window because that’s when the most serious buyers are paying attention to your listing. Miss your price during that crucial period, and your sale will grind to a halt. Buyers will look right past it. And once your listing sits long enough to go stale, it’ll be hard to sell for your asking price.

The Ideal Formula

Basically, sellers who cling to outdated expectations end up dealing with price cuts, lower offers, and a longer time just sitting on the market. But homeowners who understand what’s happening are still winning, even today.

Because that stat about 50% of homes selling for under asking also means the other half are selling at or above – as long as they’re priced right from the start.

So, how do you set yourself up for success? Do these 3 things:

1. Prep your house. Tackle essential repairs and touch-ups before you list. If your house looks great, you’ll have a better chance to sell at (or over) your asking price.
2. Price strategically from day one. Don’t rely on what nearby homes are listed for. Lean on your agent for what they’ve actually sold for. And price your house based on that.
3. Stay flexible. Be ready to negotiate. And know that it doesn’t always have to be on price. It may be on repairs, closing costs, or some other detail. But know this: today’s serious buyers expect some give-and-take.

If you want your house to be one that sells for at (or even more than) your asking price, it’s time to plan for the market you’re in today – not the one we saw a few years ago. And that’s exactly why you need a stand-out local agent.

Bottom Line

You don’t want to fall behind in this market.

So, talk to an agent about what buyers in your area are paying right now. With their expertise and a strategy that gets your house noticed 

OUR CHANGING MARKET

The UP-TO-DATE STATS tab above provides a wealth of data regarding our current market, including terrific interactive charts showing month-by-month data in a variety of catagories.  However, there is one chart that I feel doesn't give the best picture of our current market.  That is the MONTHS SUPPLY OF HOMES chart and here is my reasoning for providing my own calculations on the chart below.

The Statistical Analysis Module (SAM)

uses the following metric for Months Supply:

The inventory of homes for sale at the end of a given month, 

divided by the average monthly Pending Sales from the last 12 months. 

This is known as the absorption rate. 

 

My personal preference is to divide the inventory of homes for sale at the end of a given month by the number of homes that went under contract (Pending Sales) in that month. 

I believe this gives a better picture of what is happening right now.

 

With an increased number of homes and a decrease in homes going Under Contract, Single Family Residences (SFRs) moved from what is considered a Seller's Market to a Buyer's Market in August. Carriage Homes and Villas showed a similar change in June. 

 

While the number of showings decreased during the summer months and there were quite a few price adjustments in response to that, we will likely see the market readjust in the coming months.  Last year, there were only seven (7) SFR closings in September, indicating that the summer months were slow last year also.  October and November had 14 and 12 closings respectively, suggesting there was greater activity in September and October.  

 

Villas may continue to be affected by their increased monthly assessment, but, to date, 14 Villas and Carriage Homes have closed this year.  While that's far short of last year's total of 35 closed properties, it's ahead of where they were at the same time in 2022 and 2023.