MARKET UPDATE TO OCTOBER 19, 2013

Statistics as reported by the MyFloridaRegional MLS to October 18, 2013

Homes available for sale: 2
Price range : $204,900 to $209,900
Average asking price: $ 207,400
Average price per square foot: $125.15
Type of transaction: One bank-owned, one normal (sold by a person or a corporation)

Homes with an accepted a contract, not yet closed:  2
Price range: $ 185,000 to $ 199,000
Average asking price: $ 192,000
Average price per square foot: $ 113.83
Average days in the market before contract: 21
Type of transaction : one short sale, one normal.


Homes sold from October 18, 2012 to October 18, 2013 :  9
Price range from $ 165,000 to $ 245,000
Average price of home sold: $ 190,322
Average price per sq. ft. sold $ 107.06
Average days in the market: 17
Bank owned sold: 3
Short sales sold: 0
Normal: 6


Homes sold from October 18, 2011 to October 18, 2012: 11
Price range from $ 115,000 to $ 187,500
Average price of home sold: $ 147,114
Average price per sq. ft. sold: $ 83.10
Average days in the market: 27
Bank owned sold: 3
Short sales sold: 7
Normal: 1

Last 6 months:
Conditions have improved tremendously.
Number of houses sold: 6 - Out of 9 sold in the last 12 month.
Price range of houses sold:  from $165,000 to $245,000
Average price per sq. ft. $ 113.89, compared to $ 107.06 of the last 12 months.
Average price per home sold: $ 199,150, compared to $ 190,322 of the last 12 months.
Average days in the market: 13, compared to 17 of the last 12 months.

Increase in average price of homes sold year over year: 29.4%, a fabulous improvement.
Increase in average price per sq. ft. sold year over year:  28.8%, also a significant increase.

Inventory is extremely low, very few houses offered in the market. The number of distressed sales is tailing off as time progresses:  September 2011 to 2012 it was 91%, 2012 to 2013 same period it was 33%.  67% of houses sold in the last 12 months took place in the last 6 months which shows owners are now more willing to sell to take advantage of better prices.

First time buyers, because of still affordable prices and relatively low interest rates, and investors, most of them paying cash, are the main source of demand.

Conditions are  given to sell your house at an attractive price and in a relatively short time. This is a good time to put your house on sale.

This is the activity taking place in the last twelve months:

	Address	List Price	Sold Price	Heat Area	Listed	Sold
		$	$	Sq. ft.	$/ sq. ft.	$/ sq. ft.
FOR SALE	1878 BOBTAIL DR	204,900		1580	129.68
FOR SALE	1860 BOBTAIL DR	209,900		1740	120.63
WITH CONTRACT	1921 BOBTAIL DR	185,000		1590	116.35
WITH CONTRACT	2167 FENNELL ST	199,000		1788	111.3
SOLD	BIRMAN ST	142,500	165,000	1266	112.56	130.33
SOLD	BOBTAIL DR	175,000	172,000	1966	89.01	87.49
SOLD	BOBTAIL DR	179,900	162,000	1739	103.45	93.16
SOLD	BOBTAIL DR	184,900	173,000	1494	123.76	115.8
SOLD	BOBTAIL DR	188,900	185,000	1494	126.44	123.83
SOLD	BIRMAN ST	189,000	184,000	1848	102.27	99.57
SOLD	BIRMAN ST	189,900	197,000	2045	92.86	96.33
SOLD	BIRMAN ST	229,900	229,900	2044	112.48	112.48
SOLD	BOBTAIL DR	250,000	245,000	2343	106.7	104.57

For any further details please call me or send me a message to urrug4@aol.com. I also do rentals.