Minneola is a small city located in Lake County, Florida.
And while it may seem unassuming at first, Minneola’s real estate potential is looking increasingly promising. In this article we’ll be taking an in-depth look at what makes Minneola such a special place to buy (or sell) property.
As part of the Orlando-Kissimmee-Sanford Metropolitan Statistical Area, Minneola’s 12,000-strong population means it retains a surprisingly small-town feel.
But don’t think that Minneola’s housing market isn’t competitive. The average home sells for a whopping 420,000, up just over 5% from last year. Meanwhile, the average sales price per square foot is now $218, up an incredible 33% from last year’s rate.
Other stats affirm just how frenzied Minneola’s buying and selling have gotten:
- The average home sells after 12 days on the market
- Last year the average home sold after just 10 days on the market
- 40 homes were sold in August of this year
- 38 homes were sold in August of last year
- The average home sells for just 1% under its list price
- The hottest homes sell for slightly more than list price
- The hottest homes sell after just 3 days on the market
Another potential point of interest? People are moving to the Minneola area from all over the US. From highest to lowest, here’s where new residents are coming from:
- New York City
- Miami
- Tampa
- Boston
- Palm Bay
- Chicago
- LA
- Seattle
- Philadelphia
- San Jose
What to Know About Buying & Selling in Minneola
Ready to get involved in Minneola’s real estate scene on a deeper level? Maybe you’re trying to sell a home and hope to maximize your profit margins while minimizing stress…maybe you’re trying to buy a home without paying a fortune in closing costs and hidden fees. Regardless of your situation, our team can help align you with the right buyer/seller, leading to a win-win for all parties involved.
Here are a few things to keep in mind if you’re hoping to buy:
- Know area property tax laws
- Know HOA and/or property rules and regulations
- Know area insurance requirements
- Know your financing options
- Know your property’s history
- Know your seller’s motives
- Get some help from the experts
And here are a few more things to keep in mind if you’re hoping to sell:
- Set your ideal price from the start
- Clean and organize (professionally if needed!)
- Pre-move (that way prospective buyers can imagine the home as their own)
- Prioritize cash offers
- Get some help from the experts
As you can see, there’s a lot to keep in mind here regardless of which side of the equation you find yourself on. Try not to get intimidated, though. At Team Icon, we’ve got decades of cumulative experience assisting both buyers and sellers with every part of their respective paths.
Get in touch with us today if you’re ready to take your next step.