Market Research Report for 114 Warbler Way
Background
114 Warbler Way is a residential property located in various regions across the United States, including Georgetown, Texas; Sarasota, Florida; Chester, Maryland; and Newport, Tennessee. Each property is situated in distinct neighborhoods, offering unique living experiences and amenities.
Property Overview
The properties at 114 Warbler Way vary in size, design, and features, catering to diverse preferences and lifestyles. Below is a summary of key properties:
| Location | Property Type | Size (sq ft) | Bedrooms | Bathrooms | Year Built | Notable Features |
|--------------------|---------------------|--------------|----------|-----------|------------|----------------------------------------------------------------------------------|
| Georgetown, TX | Single-Family Home | 1,593 | 2 | 2 | 1998 | Located in Sun City, a 55+ community; features include a fireplace and attached garage. |
| Sarasota, FL | Single-Family Home | 1,936 | 3 | 2 | 1961 | Situated on Bird Key; close to St. Armand’s Circle and downtown Sarasota; sold for $3,100,000 in June 2023. |
| Chester, MD | Lot/Land | 2,016 | N/A | N/A | 2023 | Part of K. Hovnanian's Four Seasons at Kent Island, a 55+ community; sold for $642,370 in March 2024. |
| Newport, TN | Mobile/Manufactured | 2,280 | N/A | 2 | 2019 | Located on 1.31 acres; sold for $34,000 in October 1989; current estimated value is $261,900. |
Market Dynamics
The real estate market for properties at 114 Warbler Way exhibits regional variations influenced by local demand, economic conditions, and community amenities. Properties in active adult communities, such as those in Georgetown, TX, and Chester, MD, appeal to a specific demographic seeking age-restricted living environments. In contrast, properties in Sarasota, FL, and Newport, TN, offer diverse opportunities for various buyer segments.
Competitive Landscape
Properties at 114 Warbler Way face competition from other residential listings in their respective areas. For instance, in Georgetown, TX, similar single-family homes range in price from $300,000 to $450,000, depending on size and features. In Sarasota, FL, properties on Bird Key have sold for prices up to $3,100,000, reflecting the area's premium market segment. In Chester, MD, lots in the Four Seasons community have sold for approximately $642,370, indicating a competitive market for new constructions. In Newport, TN, mobile homes on similar-sized lots have sold for around $261,900, highlighting the market's affordability.
Strategic Considerations
For potential buyers and investors, understanding the local real estate market dynamics, including pricing trends, community amenities, and demographic preferences, is crucial. Properties at 114 Warbler Way offer diverse opportunities across different regions, catering to various buyer needs and investment strategies.
Future Outlook
The real estate market for properties at 114 Warbler Way is expected to evolve with regional economic developments, demographic shifts, and changes in consumer preferences. Staying informed about local market trends and property values will be essential for stakeholders to make informed decisions.
