Get Into A Home With A Sparkling Pool
Your Spring 2020 alert is here!
If you want to live in a home with a pool by Spring, you are running out of time. Spring starts on March 19th, are you ready?
Take a look at today's list of homes for sale with swimming pools and tell us which one you want!
Homes For Sale With Swimming Pools
How Homes With Swimming Pools Compare
The graph below was created to compare the average value of homes with pools versus those without pools.
In order to restrict the variables that could greatly distort our results, I limited the field of home sales in the following manner:
- existing home sales only (no new construction)
- no homes on lakes or golf courses (only used homes on interior lots)
The graph below reveals our findings.
The first thing that catches my eye is that home values sometimes defy logic where homes with pools sold for less than those with no pools in 3 of the 18 years. I suspect strong market cycle changes were the culprits in those 3 years.
I would not consider any single year in the graph as an absolute value, but I do believe that the trend line (dashed line) holds significant weight. The average difference in value between homes without pools and homes with pools has been generally rising, and right now the difference looks to be around 12%.
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Don't Wait For Your Home With A Pool
Homes across the US are rising in value due to limited supply and regular (normal and expected) demand. Builders no longer can build single-family detached homes at a price that is attainable to the "bottom" eighty-five percent of the market, so the resulting low-inventory is driving up property values.
With the minimum wage expected to rise again (it's up 55% since the peak of the housing market in 2006), we can only expect homes and pools to become costlier to build. If you buy a home with a pool today, you will see your equity grow faster than ever.
Local Expert In Tallahassee
Real estate is local, make sure you work with a local expert in Tallahassee!
Do you have further questions on the Tallahassee real estate market? If so, you can leave a comment below, give us a call at (850) 366-8917, or drop us a note and we'll give you the local information needed to ensure a successful, smooth transaction.
As a local born and raised in Tallahassee with a focus on customer service, I promise you'll find great success when working with Joe Manausa Real Estate, just as have our past customers. You can thousands of their reviews reported on Google, Facebook and Zillow right here: Real Estate Agent Reviews Tallahassee.
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