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

The following are the market sales statistics for Seminole County, Florida for February 2009. 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

169 homes sold during the month of February.

The average sales price is $261,233 with 170 days on the market.

The median sales price is $210,000.

The sales to list price ratio is 93%.

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

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

The average sales price for the same period a year earlier was $295,322 with 145 days on the market and a sales to list price ratio of 94% on 179 sales a decrease of 5.6%.

The month to month changes show an increase in the average sales price of 6% and a decrease in the median sales price of 14%. There was an increase in sales volume of 35% with a 1% increase in the sales to list price ratio.

Condos, Townhomes & Villas

61 homes sold

The average sales price was $105,725 with 133 days on the market.

The median sales price was $110,000.

The sales to list price ratio is 92%.

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

The least expensive condo sold for $21,900 at Altamonte Village in Altamonte Springs after 82 days on the market.

The average sales price a year earlier was $171,154 with 121 days on the market and a sales to list price ratio of 94% on 43 sales, an increase of 42%.

The month to month changes show a decrease in the average sales price of 6.3% and a decrease in the median sales price of 14%. There was also an increase in sales volume of 27% with a 1% increase in the sales to list price ratio.

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.

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!

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

The following are the market sales statistics for Oviedo, Seminole County, Florida for February 2009. Oviedo is made up of the zip codes of 32765 & 32766, which is partly considered Chuluota. 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

39 homes sold during the month of February.

The average sales price is $252,110 with 172 days on the market.

The median sales price is $230,000.

The sales to list price ratio is 95%.

The most expensive home sold for $500K in Chapman Lakes and was on the market 68 days

The least expensive home sold for $117,000 in Alafaya Woods with 73 days on the market.

The average sales price for the same period a year earlier was $298,297 with 142 days on the market and a sales to list price ratio of 94% on 52 sales, a decrease of 25%.

The month to month changes show a decrease in the average sales price of 1.6% and a decrease in the median sales price of less than 1.8%. There was also an increase in sales volume of 21% with no change in the sales to list price ratio.

Condos, Townhomes & Villas

11 homes sold

The average sales price was $109,487 with 140 days on the market.

The median sales price was $115,000.

The sales to list price ratio averages out to be 85%.

The most expensive sold for $193,990 in Clayton Crossing and was new construction.

The least expensive condo sold for $33,000 in Villas at Lakeside after 227 days on the market.

The average sales price a year earlier was $209,593 with 34 days on the market and a sales to list price ratio of 94% on 7 sales, an increase of 57%.

The month to month changes show an increase in the average sales price of 6.5% and an increase in the median sales price of 86%. Six units sold in Villas at Lakeside with the most expensive selling for $80K, but four selling for less than $35K. On the other side of the spectrum, the 5 remaining sales were new construction with the least expensive selling for $150K. There was an increase in sales volume of 22% with an 3% decrease in the sales to list price ratio.

For information on Oviedo and Seminole County real estate and Oviedo and Seminole County homes for sale in addition to Oviedo and Seminole County relocation contact Marc Grossman, your Oviedo 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 Off The Leash & Real Estate Cracker

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

Marc It Sold!

Orlando, Orange County, FL – Market Sales Statistics for February ‘09

The following are the market sales statistics for Orlando, Orange County, Florida for February 2009. Orlando is made up of a multitude of zip codes. 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

429 homes sold during the month of February.

The average sales price is $180,918 with 139 days on the market.

The median sales price is $156,000.

The sales to list price ratio is 94%.

The most expensive home sold for $950K in Phillips Landing and was new construction.

The least expensive home sold for $9,000 in Washington Park after 101 days on the market.

The average sales price for the same period a year earlier was $284,546 with 163 days on the market and a sales to list price ratio of 93% on 282 sales, an increase of 52%.

The month to month changes show a decrease in the average sales price of 18% and a decrease in the median sales price of 9%. Yet, there was an increase in sales volume of 10% with a 1% increase in the sales to list price ratio.

Condos, Townhomes & Villas

214 homes sold

The average sales price was $83,213 with 123 days on the market.

The median sales price was $59,450.

The sales to list price ratio is 94%.

The most expensive sold for $500K in Sanctuary Downtown Condo and was on the market 236 days.

The least expensive sold for $11,500 in Avalon Condo and was on the market for 120 days.

The average sales price for the same period a year earlier was $203,744 with 128 days on the market and a sales to list price ratio of 93% on 92 sales, an increase of 133%.

The month to month changes show a decrease in the average sales price of 9% and a decrease in the median sales price of 8.5%. There was also an increase in sales volume of 29% with no change in the sales to list price ratio.

For information on Orlando real estate and Orlando homes for sale in addition to Orlando relocation contact Marc Grossman, your Orlando 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!

Orange County, FL – Market Sales Statistics for February ‘09

The following are the market sales statistics for Orange County, Florida for February 2009. The major city in Orange County is Orlando. For purposes of this analysis we are 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

574 homes sold during the month of February.

The average sales price is $197,505 with 125 days on the market.

The median sales price is $165,000.

The sales to list price ratio is 94%.

The most expensive home sold for $1.45M in Keenes Point in Windermere and was on the market 332 days.

The least expensive home sold for $9,000 in Washington Park in Orlando after 101 days on the market.

The average sales price for the same period a year earlier was $326.699 with 172 days on the market and a sales to list price ratio of 93% on 414 sales, a 39% increase.

The month to month changes show a decrease in the average sales price of 14% and a decrease in the median sales price of 5%. These decreases can be attributed to the fact that a $5.6M home closed the previous month. There was an increase in sales volume of 12% and no change in the sales to list price ratio.

Condos, Townhomes & Villas

238 homes sold.

The average sales price was $97,005 with 126 days on the market.

The median sales price was $69,000.

The sales to list price ratio is 94%

The most expensive condo sold for $1.32MK in Villa Siena in Winter Park and was new construction.

The least expensive sold for $11,500 in Avalon Condo in Orlando and was on the market for 120 days.

The average sales price for the same period a year earlier was $217,835 with 151 days on the market and a sales to list price ratio of 94% on 127 sales, an increase of 87%.

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 10%. There was an increase in sales volume of 28% with no change in the sales to list price ratio.

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

You can read Marc’s other blogs Real Estate Morsels, Real Estate Off The Leash & Real Estate Cracker

Marc Grossman, GRI - http://www.OrlandoHomes-4u.com/ - 407-463-1034

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

Marc It Sold!

Maitland, Seminole and Orange Counties, FL – Market Sales Statistics for February ‘09

The following are the market sales statistics for Maitland, Seminole and Orange Counties, Florida for February 2009. Maitland is made up of the zip code 32751. 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

5 homes sold during the month of February.

The average sales price is $223,240 with 202 days on the market.

The median sales price is $220,000.

The sales to list price ratio is 97%.

The most expensive home sold for $310,000 in Highland Park Estates of Dommerich and was on the market 230 days

The least expensive home sold for $151,200 in Fries Survey of Maitland after 141 days on the market.

The average sales price for the same period a year earlier was $317,666 with 105 days on the market and a sales to list price ratio of 97% on 3 sales, an increase of 67%.

The month to month changes show an increase in the average sales price of 36% with a 2% increase in the median sales price. Yet, there was no change in sales volume with a 10% increase in the sales to list price ratio.

Condos, Townhomes & Villas

5 homes sold

The average sales price is $109,700 with 184 days on the market.

The median sales price is $90,000.

The sales to list price ratio is 89%.

The most expensive sold for $249,900 in Maitland Village and was new construction.

The least expensive condo sold for $37,500 in Carrington Park after 209 days on the market.

The average sales price a year earlier was $196,033 with 241 days on the market and a sales to list price ratio of 95% on 6 sales, a 17% decrease.

The month to month changes show a decrease in the average sales price of 43%. There was a 250% increase in sales volume with a 7% decrease in the sales to list price ratio.

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

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

The following are the market sales statistics for Longwood, Seminole County, Florida for February 2009. Longwood is made up of the zip codes of 32779 & 32750. 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

27 homes sold during the month of February.

The average sales price is $334,601 with 157 days on the market.

The median sales price is $247,200.

The sales to list price ratio is 93%.

The most expensive home sold for $1.315M in Alaqua Lakes and was on the market 114 days..

The least expensive home sold for $110,000 in Longdale after 149 days on the market.

The average sales price for the same period a year earlier was $324,011 with 164 days on the market and a sales to list price ratio of 94% on 22 sales, a decrease of 23%.

The month to month changes show an increase in the average sales price of 22% and an increase in the median sales price of 9.3%. There was an increase in sales volume of 80% with a 4% increase in the sales to list price ratio. Except for 2 homes that sold for over $1M, the rest sold for $550K and under.

Condos, Townhomes & Villas

4 homes sold

The average sales price is $95,750 with 165 days on the market.

The median sales price is $61,250.

The sales to list price ratio is 97%.

The more expensive townhome sold for $212,000 in The Springs and was on the market 323 days.

The less expensive sold for $48,500 in Clubside at Sabal Point a Condominium after 21 days on the market.

The average sales price a year earlier was $264,000 with 359 days on the market and a sales to list price ratio of 94% on 2 sales, an increase of 200%.

The month to month changes show a decrease in the average sales price of 41%. There was an increase in sales volume of 200% with a 7% increase in the sales to list price ratio.

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