Wednesday, October 8, 2008

Casselberry, Seminole County, FL – Market Sales Statistics for September ‘08

The following are the market sales statistics for Casselberry, Seminole County, Florida for September 2008. Casselberry is made up of the zip codes 32707 and 32730. For purposes of this analysis we will be splitting the data according to single-family homes vs, condominiums, townhomes and villas.

A couple of definitions are in order. The median sales price means that 50% of the homes sold for more and 50% of the homes sold for less during a certain period of time – in other words, it’s the midpoint of sale prices. So basically what this means, is that the median sales price is showing market activity in that it’s specifically indicating which price range is more active.

The average sales price, as opposed to the median sales price, is the total volume of sold properties divided by the number of properties sold.

The sales to list price ratio is just that, you’re dividing the average sales price by the average list price and coming up with a percentage that tells you how much of the list price the average homes sold for.

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. Also, 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

13 homes sold during the month of September.

The average sales price is $155,884 with 77 days on the market.

The median sales price is $168,500.

The sales to list price ratio is 98%.

The most expensive home sold for $225,000 in Orange Grove Park and was on the market 159 days

The least expensive home sold for $60,350 in Colonnades after 281 days on the market.

The average sales price for the same period a year earlier was $228,327 with 94 days on the market and a sales to list price ratio of 97% on 18 sales, a decrease of 27.8%.

The month to month changes show a decrease in the average sales price of 28.5% and a decrease in the median sales price of 23.4%. There was a decrease in sales volume of 13.4% with no change in the sales to list price ratio.

Condos, Townhomes & Villas

5 homes sold

The average sales price was $132,898 with 156 days on the market.

The median sales price was $143,000.

The sales to list price ratio is 97%.

The most expensive townhome sold for $184,990 in Parke at Hanover Place and was new construction.

The least expensive condo sold for $54,000 in Marbeya Club after 322 days on the market.

The average sales price a year earlier was $174,333 with 22 days on the market and a sales to list price ratio of 93% on 3 sales, an increase of 67%.

There were no condo sales in August, 2008.

For information on Casselberry and Seminole County real estate and Casselberry and Seminole County homes for sale in addition to Casselberry and Seminole County relocation contact Marc Grossman, your Casselberry and 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.

To learn more about Marc and the services he has to offer, visit his profile & website.

Marc Grossman, GRI - - 407-463-1034

Marc donates 10% of his net proceeds to Hospice of the Comforter.

Marc It Sold!

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