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

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The following are the market sales statistics for Seminole County, Florida for May 2008. For purposes of this analysis we are only splitting the data according to single-family homes vs, condominiums, townhomes and villas.

Single-Family Homes

262 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 $329,856 with 143 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 $250,000.

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 $60,150 after 25 days on the market. It was a bank-owned 3 bedroom, 1½ bath home with 1008sf built in 1971 in Sanford on .23 acre with no HOA.

The average sales price for the same period a year earlier was $344,157 with 118 days on the market.

Condos, Townhomes & Villas

63 homes sold

The average sales price was $155,597 with 182 days on the market.

The median sales price was $160,000.

The most expensive sold for $252,500 and was new construction. It was a 4 bedroom, 3½ bath, 3 floors, 2-car garage townhome in a gated community with 2088sf built in 2007 in Lake Mary with an elevator, stainless steel appliances, tile roof, etc. The community offers a pool and recreation building with a monthly maintenance of $500.

The least expensive sold for $59,900 after 116 days on the market. It was a 1 bedroom, 1 bath fixer upper condo with 781sf built in 1972 in Casselberry. The community offers boat dock, swimming pool, clubhouse, tennis courts with a monthly maintenance of $180.

The average sales price a year earlier was $175,584 with 123 days on the market.