Market Update to December 23, 2012

Statistics as reported by the MidFlorida Listing Service MLS to December 23, 2012


Number of Homes offered for sale: 0

Number of Homes under contract: 1
Price  : $175,000
Average Price per sq. ft.: $ 89.01

Homes sold from Dec. 24, 2011 to Dec. 23, 2012 :  9
Price range from $ 120,000 to $ 187,500
Average price per sq. ft. sold: $ 85.61
Average price of home sold: $ 153,714
Average days in the market: 12
Bank owned sold: 3
Short sales sold: 5

Homes sold from Dec. 24, 2010 to Dec. 23, 2011: 14
Price range from $ 115,000 to $ 196,000
Average price per sq. ft. sold: $ 79.21
Average price of home sold: $ 147,694
Average days in the market: 94
Bank owned sold: 5
Short sales sold: 4

Last 6 months: Conditions have improved tremendously.
Number of houses sold: 5 - Not many houses available for sale.
Price range of houses sold from $120,000 to $162,000
Average price per sq. ft. $ 84.83, slightly lower than last 12 months average of $ 85.61 due to mix.
Average price per home sold: $ 151,226, compared to $ 153,714 last year average also due to mix.
Average days in the market: 16, compared to 12, last year average.

Increase in sq. ft. sold average year over year:  8.1% For the first time it is an increase.
Increasein average price of home year over year: 4.1%. For the first time it is an increase.

Prices have reacted very favorably for homeowners. For the first time increases are observed in price per sq. ft. and in home prices. Inventory is extremely low, very few houses offered in the market. However, distressed homes still dominate the market. Last year this segment was 64% of total sales and this past year 88%. In Winfield, this segment is above the metropolitan Orlando which is 49% of total sales. To this date, the only house which is under contract is a normal sale. No houses are now available for sale.

First time buyers are taking advantage of affordable prices and investors are also a key factor in buying houses. Low interest rates are also an attraction to buy, although conditions to approve a loan are now very stiff. This is a good time to put your house on sale.
Houses sold in the last six months:

Address                      Sold Price      Area             Sold Date
2108 FALKNER RD 120,000 1822 7/8/2011 1728 BOBTAIL DR 160,000 1802 9/26/2011 7942 BIRMAN ST 154,230 1802 9/23/2011 1950 BOBTAIL DR 159,900 1762 11/8/2011 1644 BOBTAIL DR 162,000 1739 9/5/2012
Feel free to contact me for further details whether selling or buying. I also do rentals.

MARKET UPDATE FOR WINFIELD TO MAY 20, 2012

Statistics as reported by the MidFlorida Listing Service MLS to May 20, 2012


Number of Homes offered for sale: 1
My own listing. Great house to see at 2016 Bobtail Dr.
3 bedrooms, 2 1/2 bathrooms, 1,966 sq. ft., large porch, bonus room upstairs, separate dining room.
Lots of light. Large porch. Must see.
Listed price: $ 185,000
Price per sq. ft. offered: $ 94.01 within market.

Number of Homes under contract: 3
Price range : $ 130,000 to $ 159,900
Average Price per sq. ft.: $ 93.81

Homes sold from May 20, 2011 to May 20, 2012 :  19
Price range from $ 115,000 to $ 187,500
Average price per sq. ft. sold: $ 82.68
Average price of home sold: $ 148,313
Average days in the market: 49
Bank owned sold: 6
Short sales sold: 9

Homes sold from May 20, 2010 to May 20, 2011: 13
Price range from $ 118,296 to $ 196,000
Average price per sq. ft. sold: $ 89.60
Average price of home sold: $ 155,196
Average days in the market: 99
Bank owned sold: 5
Short sales sold: 3

Last 6 months: Conditions are definitely improving.
Number of houses sold: 8 - Not many houses available for sale.
Price range of houses sold from $120,000 to $187,500
Average price per sq. ft. $ 84.24, above last 12 months average of $ 82.68
Average price per home sold: $ 149,304, compared to $ 148,313 last year average.
Average days in the market: 28, compared to 49, last year average.

 Drop in sq. ft. sold in one year:  7.7%
Drop in price of home in one year: 4.4%

Prices keep dropping in Winfield at a much slower pace. In the last six months prices are moving upward and houses are selling faster. More buyers are coming into the market and this is reflected in the outstanding number of pendings, that is, houses under contract, to such extent that actually the houses available for sale are severely reduced to just one as of May 20. This may be a good sign that inventory, being so low, prices will begin to pick up in Winfield. First time buyers are taking advantage of affordable prices and investors are also a key factor in buying houses. This is a good time to put your house on sale. Prices of sold houses in the last year dropped 1.4% over the last asking price.

Distressed sales (bank-owned and short sales) account for 79% of all sales in this past year, short sales selling more than bank-owned properties,  and is an influencing factor in setting market prices. 

Houses sold in the last six months:

Address	Sold Price	heat area	Sold Date
2175 TORTOISE SHELL DR	150,000	1,642	5/11/2012
2108 FALKNER RD	120,000	1,822	1/31/2012
2160 FENNELL ST	132,900	1,800	4/26/2012
7925 BIRMAN ST	129,900	2,045	12/20/2011
1728 BOBTAIL DR	160,000	1,802	5/1/2012
7942 BIRMAN ST	154,230	1,802	12/29/2011
1950 BOBTAIL DR	159,900	1,762	2/22/2012
1733 BOBTAIL DR	187,500	1,642	1/31/2012

Feel free to contact me for further details whether selling or buying. I also do rentals.

Updated Statistics to April 6, 2012

Statistics as reported by the MidFlorida Listing Service MLS to April 6, 2012

Number of Homes offered for sale: 1
Listed price: $ 130,000
Price per sq. ft. offered: $ 91.29

Number of Homes under contract: 5
Price range : $ 120,000 to $ 150,000
Average Price per sq. ft.: $ 78.67

Homes sold from April 7, 2011 to April 6, 2012 :  16
Price range from $ 115,000 to $ 187,500
Average price per sq. ft. sold: $ 82.31
Average price of home sold: $ 148,441
Average days in the market: 59
Bank owned sold: 5
Short sales sold: 7

Homes sold from April 7, 2010 to April 6, 2011: 15
Price range from $ 118,296 to $ 196,000
Average price per sq. ft. sold: $ 90.75
Average price of home sold: $ 157,875
Average days in the market: 91.61
Bank owned sold: 7
Short sales sold: 3

Last 6 months: Conditions are definitely improving.
Number of houses sold: 4 - Not many houses available for purchase.
Price range from $129,900 to $187,500
Average price per sq. ft. $ 88.51, above last 12 months average of $ 82.31
Average price per home sold: $ 155,408, compared to $ 148,441 last year average.
Avereage days in the market: 51, compared to 59, same period.

Drop in sq. ft. sold in one year:  9.3%
Drop in price of home in one year: 6.0%

Prices keep dropping in Winfield at a much slower pace. More buyers are coming into the market and this is reflected in the outstanding number of pendings, that is, houses under contract, to such extent that actually the houses available for sale are severely reduced to just one as of April 6. This may be a good sign that inventory, being so low, prices will begin to pick up in Winfield. First time buyers are taking advantage of affordable prices and investors area also a key factor in buying houses. This is a good time to put your house on sale. Prices of sold houses in the last year dropped 3.8% over the asking price.

Distressed sales (bank-owned and short sales) account for 75% of all sales in this past year, short sales selling more than bank-owned properties,  and is an influencing factor in setting market prices. Feel free to contact me for further details whether selling or buying.