Altamonte Springs, Seminole County, FL – Market Sales Statistics for May ‘08

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The following are the market sales statistics for Altamonte Springs, Seminole County, Florida for May 2008. Altamonte Springs is made up of the zip codes of 32701 & 32714. 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.

Single-Family Homes

21 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 $382,738 with 135 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 $191,000.

The most expensive home sold for $3.5M and was new construction. It was a 7 bedroom, 9½ bath, 3-car garage lakefront home in 7638sf in Altamonte Springs on .54 acres of land in a gated community with an infinite edge swimming pool and spa, circular staircase, 2 stone fireplaces, morning kitchen in master suite, elevator, wine cellar, etc. The community off a boat ramp with an HOA of $600/quarter and $200 monthly.

The least expensive home sold for $72,000 in 33 days. It was a 3 bedroom, 2 bath bank-owned home with 1-car garage in 1056sf built in 1974 located on .24 acre. The home was listed as a handyman special with a pool that needed to be completed. There is no HOA.

The average sales price a year earlier was $325,238 with 100 days on the market.

Condos, Townhomes & Villas

16 homes sold

The average sales price was $120,538 with 175 days on the market.

The median sales price was $114,000.

The most expensive sold for $188,000 and was on the market for 163 days. It was a 3 bedroom, 2 ½ bath, 1-car garage townhome in a gated community with 1520sf built in 2005 with lake view, upgraded appliances, fire sprinklers, interior laundry room. The community offers a pool with a monthly maintenance of $227.

The least expensive sold for $84,900 and was a condo conversion. It was a 1 bedroom, 1 bath condo in 651sf built in 1971. The community has a pool, tennis courts, basketball court, picnic area & clubhouse with a monthly maintenance of $145.74.

The average sales price a year earlier was $141,450 with 147 days on the market.