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

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The following are the market sales statistics for Sanford, Seminole County, Florida for May 2008. Sanford is made up of the zip codes of 32773 & 32771. 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

45 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 $313,232 with 133 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 $185,500.

The most expensive home sold for $1.225M and was new construction. It was a 4 bedroom, 3½ bath, 2-car garage home in 4321sf built in 2007 in a gated/manned community on .51 acre lot with an infinity-edge pool, spa, tile roof, bonus room, tile and wood floors, double-sided fireplace, etc. The community offers a swimming pool and tennis courts with an HOA of $2200/annually.

The least expensive home sold for $60,150 after 25 days on the market. It was a bank-owned 3 bedroom, 1½ bath, 1-car carport home with 1008sf built in 1971 on .23 acre with no HOA. The home was listed as a handyman special.

The average sales price for the same period a year earlier was $256,683 with 124 days on the market.

Condos, Townhomes & Villas

12 homes sold.

The average sales price was $174,817 with 202 days on the market.

The median sales price was $163,000.

The most expensive sold for $245,000 after 185 days on the market. It was a 3 bedroom, 2½ bath, 2-car garage townhome in 1914sf with corian countertops, stainless steel appliances, wood floors. The community offers a pool with a monthly maintenance of $151.

The least expensive sold for $134,830 and was new home construction. It was a 2 bedroom, 2½ bath townhome in 1196sf. This gated community offers a pool with a maintenance of $410/quarterly.

The average sales price a year earlier was $178,896 with 97 days on the market.