The following are the market sales statistics for Seminole County, Florida for August 2008. 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.
Additionally, these are only monthly statistics and to get a better scope of what is happening, you need to look at a longer period of time. More high-end homes might be sold in one month as opposed to another. By looking at a longer period, you will get a better overall picture. It is all relative and this has to be understood when utilizing these stats.
Single-Family Homes
221 homes sold during the month of August compared to a year earlier.
The average sales price, which is the total sold volume divided by the number of homes sold is $305,831 with 152 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 $247,900.
The sales to list price ratio, which means that the homes sold for 94% of their list price.
The most expensive home sold for $1.8M in Alaqua Lakes in Longwood and was on the market 137 days
The least expensive home sold for $22,500 in Sanford after 37 days on the market and was a bank-owned.
The average sales price for the same period a year earlier was $384,267 with 129 days on the market and a sales to list price ratio of 95%.
The month to month changes show an increase in the average sales price of 1.4% and a decrease in the median sales price of less than 1%.
Condos, Townhomes & Villas
57 homes sold
The average sales price was $141,764 with 143 days on the market.
The median sales price was $150,000.
The sales to list price ratio is 94%.
The most expensive condo sold for $330,000 in Altamonte Springs and was on the market 380 days
The least expensive condo sold for $61,000 in Sanford after 268 days on the market.
The average sales price a year earlier was $167,642 with 110 days on the market and a sales to list price ratio of 97%.
The month to month changes show a decrease in the average sales price of 12% and a decrease in the median sales price of less than 3%.
For information on Seminole County real estate and Seminole County homes for sale in addition to Seminole County relocation contact Marc Grossman, your Seminole County Realtor @ 407-463-1034. Additional information is available for Seminole County real estate, Orange County real estate, West Volusia County and South Lake County.
Marc Grossman, GRI - http://www.OrlandoHomes-4u.com/ - 407-463-1034
Marc donates 10% of his net proceeds to Hospice of the Comforter.
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