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

The following are the market sales statistics for Winter Springs, Seminole County, Florida for May 2008. Winter Springs is made up of the zip code 32708. 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

25 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 $322,606 with 167 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 $248,000.

The most expensive home sold for $999,999 and was on the market 378 days. It was a 5 bedroom, 4½ bath, 4-car garage 5860sf conservation lot home in an equestrian community with a screen enclosed pool & spa built in 2006 on .71 acre of land, with a slate fireplace, electric gate with security cameras, painted ceiling in foyer, in-law suite upstairs, master w/Jacuzzi, and a generator for possible outages. The HOA is $100/year.

The least expensive home sold for $126,000 after 139 days on the market. It was a bank-owned 3 bedroom, 2 bath, 2- car garage 1305sf home built in 1973 on .19 acre of land with no HOA.

The average sales price for the same period a year earlier was $293,061 with 119 days on the market.

Condos, Townhomes & Villas

3 homes sold

The average sales price was $123,500 with 281 days on the market.

The median sales price was $123,500.

The most expensive condo sold for $164,000 and is new construction. It was a 3 bedroom, 2½ bath 1428sf townhome in a gated community with 42” cabinets, corian countertops, smooth top range, and crown moulding. The community offers a pool and playground with a maintenance fee of $290/month.

The least expensive sold for $83,000 and was on the market for 332 days. It was a bank owned fixer upper 2 bedroom, 1½ bath 1130sf townhome built in 1989 with fenced courtyard. The monthly maintenance fee is $203.

The average sales price a year earlier was $164,267 with 97 days on the market.