The following are the market sales statistics for Apopka, Seminole and Orange Counties, Florida for November 2008. Apopka is made up of the zip codes of 32703 & 32712. For purposes of this analysis we are only splitting the data according to single-family homes vs, condominiums, townhomes and villas.
A couple of definitions are in order. The median sales price means that 50% of the homes sold for more and 50% of the homes sold for less during a certain period of time – in other words, it’s the midpoint of sale prices. So basically what this means, is that the median sales price is showing market activity in that it’s specifically indicating which price range is more active.
The average sales price, as opposed to the median sales price, is the total volume of sold properties divided by the number of properties sold.
The sales to list price ratio is just that, you’re dividing the average sales price by the average list price and coming up with a percentage that tells you how much of the list price the average homes sold for.
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. Also, 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.
Additionally, these are only monthly statistics and to get a better scope of what is happening, you need to look at a longer period of time. More high-end homes might be sold in one month as opposed to another. By looking at a longer period, you will get a better overall picture. It is all relative and this has to be understood when utilizing these stats.
Single-Family Homes
43 homes sold during the month of November.
The average sales price is $183,041 with 110 days on the market.
The median sales price is $190,800.
The sales to list price ratio is 95%.
The most expensive home sold for $326,000 in Rock Springs Ridge and was on the market 282 days
The least expensive home sold for $45,250 after 42 days on the market.
The average sales price for the same period a year earlier was $253,371 with 148 days on the market and a sales to list price ratio of 94% on 48 sales a decrease of 10.4%.
The month to month changes show a decrease in the average sales price of 10.9% and an increase in the median sales price of 6.6%. Yet, there was a decrease in sales volume of 23.2% with a 1% decrease in the sales to list price ratio.
Condos, Townhomes & Villas
3 homes sold
The average sales price is $127,633 with 94 days on the market.
The median sales price is $134,900.
The sales to list price ratio is 91%.
The most expensive townhome sold for $150,000 in Wekiva Reserve and was on the market 197 days
The least expensive condo sold for $98,000 in the Coach Homes at Errol Estates after 48 days on the market.
The average sales price for the same period a year earlier was $131,333 with 110 days on the market and a sales to list price ratio of 91% on 3 sales with no change in sales volume.
The month to month changes show a decrease in the average sales price of 7.6% and a decrease in the median sales price of 3.6%. Yet, there was a decrease in sales volume of 25% with a 8% decrease in the sales to list price ratio.
For information on Apopka and Seminole and Orange County real estate and Apopka and Seminole and Orange County homes for sale in addition to Apopka and Seminole and Orange County relocation contact Marc Grossman, your Apopka and Seminole & Orange 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.
To learn more about Marc and the services he has to offer, visit his website.
Marc Grossman, GRI - http://www.OrlandoHomes-4u.com/ - 407-463-1034
You can read Marc’s other blogs Real Estate Morsels, Real Estate Off The Leash & Real Estate Cracker
Marc donates 10% of his net proceeds to Hospice of the Comforter.
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