Maitland, Seminole and Orange Counties, FL – Market Sales Statistics for May ‘08

The following are the market sales statistics for Maitland, Seminole and Orange Counties, Florida for May 2008. Maitland is made up of the zip code 32751. For purposes of this analysis we will be 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.

32751 - Single-Family Homes

11 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 $339,264 with 99 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 $281,000.

The most expensive home sold for $665,000 with 237 days on the market. It was a 4 bedroom, 3 bath, 3-car garage home in 3044sf built in 1996 in a gated community on .32 acre with heated pool, granite countertops, stainless steel appliances, 2 fireplaces, paver pool deck and front porch. The community offers tennis courts with an HOA of $170 monthly.

The least expensive home sold for $150,000 after 115 days on the market and was a short sale. It was a 3 bedroom, 2 bath, 2-car carport in 1170sf built in 1959 on .20 acre with new kitchen cabinets and countertops and no HOA.

The average sales price for the same period a year earlier was $386,544 with 103 days on the market.

32751 - Condos, Townhomes & Villas

2 homes sold with an average sales price was $262,450 with 377 days on the market.

The more expensive sold for $299 and was new construction. It was a 3 bedroom, 2½ bath, 2-car garage townhome in 1924sf with tile roof, paver driveway, stainless steel appliances, granite countertops, marble vanity tops, 42” cabinets, crown moulding, etc. The community offers a pool and clubhouse with a monthly maintenance of $225.

The less expensive sold for $225,000 and was on the market for 221 days. It was a short sale 2 bedroom, 2½ bath, 1-car garage townhome in 1545sf built in 2005 in a gated community with a tile roof, granite countertops, tile, balcony off of master. The community offers a pool with a monthly maintenance of $309.

The average sales price a year earlier was $173,289 with 108 days on the market.