Sanford, Seminole County, FL – Market Sales Statistics for November ‘09

The following are the market sales statistics for Sanford, Seminole County, Florida for November 2009. Sanford is made up of the zip codes of 32773 & 32771. 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

61 homes sold during the month of November.

The average sales price is $191,747 with 94 days on the market.

The median sales price is $134,990.

The sales to list price ratio is 94%.

The most expensive home sold for $1.15M in the Lake Forest and was on the market 575 days.

The least expensive home sold for $20,500 in Buena Vista Estates after 42 days on the market.

The average sales price for the same period a year earlier was $225,641 with 146 days on the market with a sales to list price ratio of 97% on 25 sales, an increase of 144%.

The month to month changes show a decrease in the average sales price of 2% and a decrease in the median sales price of 11%. There was also an increase in sales volume of 9% with a 1% decrease in the sales to list price ratio.

Condos, Townhomes & Villas

28 homes sold

The average sales price was $123,292 with 75 days on the market.

The median sales price was $120,000.

The sales to list price ratio is 100%.

The most expensive condo sold for $246,600 in Gateway at Riverwalk and was new construction.

The least expensive sold for $42,000 in Granada Townhomes at Sanora after 235 days on the market.

The average sales price a year earlier was $147,152 with 96 days on the market with a sales to list price ratio of 92% on 11 sales, an increase of 155%.

The month to month changes show an increase in the average sales price of 6% and an increase in the median sales price of 22%. There was an increase in sales volume of 56% with a 3% increase in the sales to list price ratio.

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

Marc It Sold!

Sanford, Seminole County, FL – Market Sales Statistics for October ‘09

The following are the market sales statistics for Sanford, Seminole County, Florida for October 2009. Sanford is made up of the zip codes of 32773 & 32771. 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

56 homes sold during the month of October.

The average sales price is $195,731 with 98 days on the market.

The median sales price is $152,500.

The sales to list price ratio is 95%.

The most expensive home sold for $955,000 in the Lake Markham Preserve and was on the market 253 days.

The least expensive home sold for $20,000 after 38 days on the market.

The average sales price for the same period a year earlier was $195,831 with 141 days on the market with a sales to list price ratio of 95% on 31 sales, an increase of 81%.

The month to month changes show an increase in the average sales price of 31% and an increase in the median sales price of 27%. There was also a decrease in sales volume of 14% with a 2% decrease in the sales to list price ratio.

Condos, Townhomes & Villas

18 homes sold

The average sales price was $116,124 with 80 days on the market.

The median sales price was $98,000.

The sales to list price ratio is 97%.

The most expensive condo sold for $212,000 in Terracina at Lake Forest and was new construction.

The least expensive sold for $45,000 in Castille Townhomes after 106 days on the market.

The average sales price a year earlier was $122,869 with 108 days on the market with a sales to list price ratio of 90% on 5 sales, an increase of 260%.

The month to month changes show a decrease in the average sales price of 7% and an increase in the median sales price of 9%. There was an increase in sales volume of 20% with a 2% increase in the sales to list price ratio.

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

Marc It Sold!

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

The following are the market sales statistics for Sanford, Seminole County, Florida for September 2009. Sanford is made up of the zip codes of 32773 & 32771. 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

65 homes sold during the month of September.

The average sales price is $149,056 with 131 days on the market.

The median sales price is $120,000.

The sales to list price ratio is 97%.

The most expensive home sold for $500,000 in the Lake Forest and was on the market 251 days.

The least expensive home sold for $8000 in Cates Addition after 256 days on the market.

The average sales price for the same period a year earlier was $253,015 with 130 days on the market with a sales to list price ratio of 94% on 54 sales, an increase of 20%.

The month to month changes show a decrease in the average sales price of 14% and a decrease in the median sales price of 17%. There was also a decrease in sales volume of 6% with a 2% increase in the sales to list price ratio.

Condos, Townhomes & Villas

15 homes sold

The average sales price was $125,367 with 116 days on the market.

The median sales price was $90,000.

The sales to list price ratio is 95%.

The most expensive condo sold for $475,000 in Gateway at Riverwalk and was new construction.

The least expensive townhome sold for $24,500 in Pine Ridge Club after 150 days on the market.

The average sales price a year earlier was $128,209 with 71 days on the market with a sales to list price ratio of 94% on 10 sales, an increase of 50%.

The month to month changes show an increase in the average sales price of 11% and a decrease in the median sales price of 15%. There was a decrease in sales volume of 6% with a 4% decrease in the sales to list price ratio.

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

Marc It Sold!

Sanford, Seminole County, FL – Market Sales Statistics for July ‘09

The following are the market sales statistics for Sanford, Seminole County, Florida for July 2009. Sanford is made up of the zip codes of 32773 & 32771. 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

66 homes sold during the month of July.

The average sales price is $194,105 with 13+ days on the market.

The median sales price is $164,929.

The sales to list price ratio is 94%.

The most expensive home sold for $937,000 in the Lake Forest and was on the market 188 days.

The least expensive home sold for $9,000 in Buena Vista Estates after 363 days on the market.

The average sales price for the same period a year earlier was $237,300 with 131 days on the market with a sales to list price ratio of 94% on 42 sales, an increase of 57%.

The month to month changes show an increase in the average sales price of 19% and an increase in the median sales price of 15%. There was also an increase in sales volume of 22% with no change in the sales to list price ratio.

Condos, Townhomes & Villas

23 homes sold

The average sales price was $115,438 with 135 days on the market.

The median sales price was $119,900.

The sales to list price ratio is 95%.

The most expensive condo sold for $215,000 in Gateway at Riverwalk and was new construction.

The least expensive townhome sold for $37,000 in Pine Ridge Club after 152 days on the market.

The average sales price a year earlier was $164,612 with 183 days on the market with a sales to list price ratio of 96% on 13 sales, an increase of 77%.

The month to month changes show an increase in the average sales price of 8% and an increase in the median sales price of 45%. There was an increase in sales volume of 44% with no change in the sales to list price ratio.

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

Marc It Sold!

Sanford, Seminole County, FL – Market Sales Statistics for March ‘09

The following are the market sales statistics for Sanford, Seminole County, Florida for March 2009. Sanford is made up of the zip codes of 32773 & 32771. 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

54 homes sold during the month of March.

The average sales price is $157,093 with 131 days on the market.

The median sales price is $135,500.

The sales to list price ratio is 91%.

The most expensive home sold for $755,150 in the Lake Forest and was on the market 405 days.

The least expensive home sold for $6,000 after 419 days on the market.

The average sales price for the same period a year earlier was $272,532 with 249 days on the market and a sales to list price ratio of 92% on 40 sales, a decrease of 35%.

The month to month changes show a decrease in the average sales price of 43% and a decrease in the median sales price of 15%. These declines are not that significant in that nothing sold for over $1M this month. There was also an increase in sales volume of 125% with a 2% decrease in the sales to list price ratio.

Condos, Townhomes & Villas

12 homes sold

The average sales price was $146,502 with 68 days on the market.

The median sales price was $151,000.

The sales to list price ratio is 94%.

The most expensive townhome sold for $212,500 in Terracina at Lake Forest and was new construction.

The least expensive sold for $76,000 in Placid Lake Townhomes after 184 days on the market.

The average sales price a year earlier was $161,800 with 106 days on the market and a sales to list price ratio of 92% on 25 sales, a decrease of52%.

The month to month changes show an increase in the average sales price of 7% and an increase in the median sales price of 7%. Yet, there was a decrease in sales volume of 14% with a 1% decrease in the sales to list price ratio.

It should be noted that 6 properties that closed were new construction.

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

Marc It Sold!

Sanford, Seminole County, FL – Market Sales Statistics for February ‘09

The following are the market sales statistics for Sanford, Seminole County, Florida for February 2009. Sanford is made up of the zip codes of 32773 & 32771. 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

24 homes sold during the month of February.

The average sales price is $273,337 with 285 days on the market.

The median sales price is $159,950.

The sales to list price ratio is 93%.

The most expensive home sold for $2.1M in the Lake Markham Reserve and was on the market 7 days.

The least expensive home sold for $27,000 in Country Club Manor after 36 days on the market.

The average sales price for the same period a year earlier was $284,594 with 133 days on the market and a sales to list price ratio of 96% on 19 sales, a decrease of 26%.

The month to month changes show a decrease in the average sales price of 6.6% and a decrease in the median sales price of 10.5%. There was also an increase in sales volume of 20% with a 5% increase in the sales to list price ratio.

Condos, Townhomes & Villas

14 homes sold

The average sales price was $136,682 with 88 days on the market.

The median sales price was $141,437.

The sales to list price ratio is 95%.

The most expensive townhome sold for $261,500 in Terracina at Lake Forest and was new construction.

The least expensive townhome sold for $37,500 in Pine Ridge Club after 141 days on the market.

The average sales price a year earlier was $173,433 with 106 days on the market and a sales to list price ratio of 94% on 12 sales, a decrease of17%.

The month to month changes show a decrease in the average sales price of 8% and a decrease in the median sales price of 4%. Yet, there was an increase in sales volume of 133% with a 7% increase in the sales to list price ratio.

It should be noted that 6 properties that closed were new construction.

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

Marc It Sold!

Sanford, Seminole County, FL – Market Sales Statistics for January ‘09

The following are the market sales statistics for Sanford, Seminole County, Florida for January 2009. Sanford is made up of the zip codes of 32773 & 32771. 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

20 homes sold during the month of January.

The average sales price is $292,518 with 280 days on the market.

The median sales price is $178,750.

The sales to list price ratio is 88%.

The most expensive home sold for $1.04M in the Lake Forest and was on the market 555 days.

The least expensive home sold for $13,125 in Seminole Park after 141 days on the market.

The average sales price for the same period a year earlier was $325,756 with 138 days on the market and a sales to list price ratio of 94% on 24 sales, a decrease of 16.7%.

The month to month changes show an increase in the average sales price of 1.8% and an increase in the median sales price of 11.4%. There was also a decrease in sales volume of 47% with a 4% decrease in the sales to list price ratio.

Condos, Townhomes & Villas

6 homes sold

The average sales price was $148,535 with 127 days on the market.

The median sales price was $148,107.

The sales to list price ratio is 88%.

The most expensive townhome sold for $202,500 in Greystone and was on the market 270 days.

The least expensive townhome sold for $97,000 in Regency Oaks after 233 days on the market.

The average sales price a year earlier was $183,721 with 89 days on the market and a sales to list price ratio of 95% on 8 sales, a decrease of25%.

The month to month changes show an increase in the average sales price of 6.8% and a decrease in the median sales price of 2.5%. Yet, there was a decrease in sales volume of 45% with a 6% decrease in the sales to list price ratio.

It should be noted that 8 properties that closed are new construction.

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

Marc It Sold!

Sanford, Seminole County, FL – Market Sales Statistics for December ‘08

The following are the market sales statistics for Sanford, Seminole County, Florida for December 2008. Sanford is made up of the zip codes of 32773 & 32771. 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

38 homes sold during the month of December.

The average sales price is $287,232 with 164 days on the market.

The median sales price is $160,450.

The sales to list price ratio is 92%.

The most expensive home sold for $2.2M in the Lake Markham Preserve and was new construction.

The least expensive home sold for $23,500 in Ginderville Heights after 69 days on the market.

The average sales price for the same period a year earlier was $253,552 with 195 days on the market and a sales to list price ratio of 94% on 37 sales, an increase of 2.7%.

The month to month changes show an increase in the average sales price of 27.3% and a decrease in the median sales price of 5.6%. There was also an increase in sales volume of 52% with a 5% decrease in the sales to list price ratio.

Condos, Townhomes & Villas

11 homes sold

The average sales price was $139,099 with 120 days on the market.

The median sales price was $151,935.

The sales to list price ratio is 94%.

The most expensive townhome sold for $254,465 in Terracina at Lake Forest and was new construction.

The least expensive sold for $88,500 in El Ad Arbor Lakes Condo after 116 days on the market.

The average sales price a year earlier was $186,840 with 139 days on the market and a sales to list price ratio of 97% on 16 sales, a decrease of 31.2%.

The month to month changes show a decrease in the average sales price of 5.5% and a decrease in the median sales price of 11.1%. Yet, there was no change in sales volume with a 2% increase in the sales to list price ratio.

It should be noted that 8 properties that closed are new construction.

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

Marc It Sold!

Sanford, Seminole County, FL – Market Sales Statistics for October ‘08

The following are the market sales statistics for Sanford, Seminole County, Florida for October 2008. Sanford is made up of the zip codes of 32773 & 32771. 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

31 homes sold during the month of October.

The average sales price is $195,831 with 141 days on the market.

The median sales price is $185,000.

The sales to list price ratio is 95%.

The most expensive home sold for $395,000 in Lake Forest and was on the market 64 days.

The least expensive home sold for $46,700 in Seminole Park after 103 days on the market.

The average sales price for the same period a year earlier was $303,985 with 132 days on the market and a sales to list price ratio of 92% on 25 sales, an increase of 24%.

The month to month changes show a decrease in the average sales price of 22.6% and a decrease in the median sales price of 11.9%. There was also a decrease in sales volume of 42.6% with a 1% increase in the sales to list price ratio.

Condos, Townhomes & Villas

5 homes sold

The average sales price was $122,869 with 108 days on the market.

The median sales price was $105,000.

The sales to list price ratio is 90%.

The most expensive townhome sold for $189,945 in Savannah Park at Heathrow and was new construction.

The least expensive sold for $82,500 in Placid Lake Townhomes after 42 days on the market.

The average sales price a year earlier was $176,667 with 72 days on the market and a sales to list price ratio of 96% on 13 sales, a decrease of 61.6%.

The month to month changes show a decrease in the average sales price of 4.2% and a decrease in the median sales price of 14.3%. Yet, there was a decrease in sales volume of 50% with a 4% decrease in the sales to list price ratio.

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

Marc It Sold!