The following are the market sales statistics for Longwood, Seminole County, Florida for May 2008. Longwood is made up of the zip codes of 32779 & 32750. For purposes of this analysis we are only splitting the data according to single-family homes vs, condominiums, townhomes and villas.
There needs to be a disclaimer here. These stats are only as good as telling us what it being purchased and happening at a certain period in time. Additionally, it needs to be fully understood that not only is real estate local, but it is hyper-local. What this means is that the trends that we hear about are overall. Let's put it this way, what's happening in one neighborhood, may not be realized in the neighborhood next door. It is all relative and this has to be understood when utilizing these stats.
36 homes sold during the month of May.
The average sales price, which is the total sold volume divided by the number of homes sold is $408,787 with 132 days on the market.
The median sales price, which means that 50% of the homes sold for more and 50% of the homes sold for less, is $279,750.
The most expensive home sold for $1.087M and was on the market for 308 days. It was a 3 bedroom, 4 bath, 4045sf home built in 2004 on .59 acres in a gated manned golf community with a 4-car garage, a screen enclosed swimming pool & spa on a conservation lot with a fireplace, granite countertops, travertine, custom fish tank, cathedral ceilings, etc. The community offers a pool & playground, ball field, tennis courts, volleyball court, beach with a HOA of $573 quarterly.
The least expensive home sold for $182,000 after 206 days on the market. It was a 4 bedroom, 2 bath, 2-car garage home with 1523sf built in 1974 on .18 acre with tile in all living areas, enclosed sunroom and screened patio with no HOA.
The average sales price for the same period a year earlier was $529,198 with 124 days on the market.
Condos, Townhomes & Villas
4 homes sold.
The average sales price was $157,500 with 228 days on the market.
The median sales price was $160,000.
The most expensive condo sold for $165,000 and was on the market for 379 days. It was a 3 bedroom, 2 bath, 1-story, 1-car garage home with 1575sf built in 1984 with screened patio and fireplace, enclosed sunroom, new appliances, roof and exterior siding. The community offers a swimming pool with a monthly maintenance of $245 and an annual HOA of $232.
The least expensive sold for $145,000 and was on the market for 114. It was a 2 bedroom, 2 bath, 1-car garage 1-story end unit townhome with 991sf built in 1980 in a golf community with fireplace, screened porch, new roof, a/c, carpet & appliances. The community offers a pool & playground with a monthly maintenance of $250 and an annual HOA of $232.
The average sales price a year earlier was $178,629 with 90 days on the market.
For information on Longwood and Seminole County real estate and Longwood and Seminole County homes for sale in addition to Longwood and Seminole County relocation contact Marc Grossman, your Longwood and Seminole County Realtor @ 407-463-1034. Additional information is available for Seminole County real estate, Orange County real estate, West Volusia County and South Lake County.
Marc Grossman, GRI - http://www.OrlandoHomes-4u.com/ - 407-463-1034
Marc donates 10% of his net proceeds to Hospice of the Comforter.