Wednesday, October 14, 2009

Altamonte Springs, Seminole County, FL – Market Sales Statistics for September ‘09

altamonte springs seminole county florida 32714 and 32701 market sales stats for september 2009

The following are the market sales statistics for Altamonte Springs, Seminole County, Florida for September 2009. Altamonte Springs is made up of the zip codes of 32701 & 32714. For purposes of this analysis we are only 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

23 homes sold during the month of September.

The average sales price is $183,843 with 158 days on the market.

The median sales price is $180,000.

The sales to list price ratio is 93%.

The most expensive home sold for $370K in Spring Valley Estates and was on the market 149 days

The least expensive home sold for $53,500 in Trailwood Estates after 206 days on the market.

The average sales price for the same period a year earlier was $205,681 with 76 days on the market with a sales to list ration of 96% on 22 sales, an increase of 5%.

The month to month changes show a decrease in the average sales price of 1% and a decrease in the median sales price of 3%. There was an increase in sales volume of 53% with a 3% decrease in the sales to list price ratio.

altamonte springs seminole county florida 32714 and 32701 single family home average and median sales price

altamonte springs seminole county florida 32714 and 32701 single family home sales volume average and median sales price

Condos, Townhomes & Villas

35 homes sold

The average sales price was $52,859 with 76 days on the market.

The median sales price was $38,600.

The sales to list price ratio is 100%.

The most expensive townhome sold for $195,990 in Sutton Place and was new construction.

The least expensive sold for $18,200 in Waterside at Cranes Roost Condo after 26 days on the market.

The average sales price a year earlier was $118,793 with 262 days on the market with a sales to list price ratio of 94% on 15 sales, an increase of 133%.

The month to month changes show an increase in the average sales price of 9% and a decrease in the median sales price of 8%. There was a 13% decrease in sales volume with a 5% increase in the sales to list price ratio.

altamonte springs seminole county florida 32714 and 32701 condo townhome and villa average and median sales price

altamonte springs seminole county florida 32714 and 32701 condo townhome and villa sales volume average and median sales price

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