The following are the market sales statistics for Casselberry, Seminole County, Florida for January 2009. 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
9 homes sold during the month of January.
The average sales price is $187,333 with 126 days on the market.
The median sales price is $165,000.
The sales to list price ratio is 97%.
The most expensive home sold for $385,000 in Triplett Lake Shores and was on the market 147 days
The least expensive home sold for $109,000 in Queens Mirror South after 79 days on the market.
The average sales price for the same period a year earlier was $212,568 with 134 days on the market and a sales to list price ratio of 93% on 16 sales, a decrease of 44%.
The month to month changes show a decrease in the average sales price of 1.9% and no change in the median sales price. There was a decrease in sales volume of 40% with a 1% increase in the sales to list price ratio.
Condos, Townhomes & Villas
10 homes sold during the month of January, 6 of which were new construction.
The average sales price is $136,585 with 128 days on the market.
The median sales price is $132,750.
The sales to list price ratio is 94%.
The most expensive condo sold for $235,000 in Carmel By The Lake and was on the market 332 days
The least expensive sold for $59,900 in Oxford Square Condo after 163 days on the market.
The average sales price a year earlier was $90,500 with 199 days on the market and a sales to list price ratio of 79% on 2 sales, an increase of 500%.
The month to month changes show a decrease in the average sales price of 28% and a decrease in the median sales price of 19.5%. It should be noted that there were similar increases the previous month to month. There was an increase in sales volume of 500% with an 8% increase in the sales to list price ratio.
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 - http://www.OrlandoHomes-4u.com/ - 407-463-1034
You can read Marc’s other blogs Real Estate Morsels, Real Estate Off The Leash & Real Estate Cracker
Marc donates 10% of his net proceeds to Hospice of the Comforter.
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