Wednesday, October 29, 2014

MARKET UPDATE TO OCTOBER 29, 2014

Statistics as reported by Matrix to October 29, 2014

Homes available for sale: 4
Price range from $204,900 to $229,900
Average Price: $215,700
Average Price per Square Foot: $ 118.64
Type of sale: 1 bank-owned, 3 normal sales (not short sale, not bank-owned)

Homes with an accepted a contract, not yet closed:  3
Price range from $ 189,900 to $ 212,900
Average Price: $ 198,433
Average Price per Square Foot: $ 120.8
Type of sale: all normal sales.

Homes sold from October 29, 2013 to October 29, 2014:  9  in the agents' system (MLS)
Price range from $ 163,000 to $ 204,000
Average price of home sold: $ 184,655
Average price per sq. ft. sold $ 110.34
Average days in the market: 891
Bank owned sold: 1 - Short sales sold: 2
Normal: 6  - Percent distressed: 33

Homes sold from October 29, 2012 to October 29, 2013: 8
Price range from $ 162,000 to $ 245,000
Average price of home sold: $ 193,863
Average price per sq. ft. sold: $ 108.80
Average days in the market: 18
Bank owned sold: 2
Short sales sold: 0
Normal: 6 – Percent distressed: 33

Last 6 months: 
Conditions still are good, few houses in the market.
Number of houses sold: 2 - Out of 9 sold in the last 12 months. Pace is slowing down.
Price range of houses sold:  from $170,000 to $ 190,000
Average price per sq. ft. $ 108.80, compared to $ 110.34 of the last 12 months. 
Average price per home sold: $ 180,000, compared to $ 184,655 of the last 12 months.
Average days in the market: 144, compared to 91 of the last 12 months.
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Average price in the last twelve months decreased 4.7% in relation to the prior 12 month-period. The last analyses have been showing this trend. However, the average price per sq. ft. sold year over year was 1.4%, a small increse. Prices have suffered and are not as bright as before and the pace of selling is slowing down.

However, this is a sought after community offering many advantages such as location, proximity to supermarkets and shopping centers, to major roads and to the state college, and rapidly access to downtown Orlando, plus an ingrained sense of ownership identification with the community. These factor play in favor of property appreciation and the expectation that current buyers may be willing to pay more on the homes offered for sale.

The percent of distressed sales has been decreasing and this opens the opportunity for owners who are not in this category to offer their houses in the market with better expectations of selling at a convenient price. Still, conditions are given to sell your house at an attractive price and in a relatively short time if well priced. . This is a good time to put your house on sale.

These houses are not yet in the market: 1909 Bobtail Dr, 2137 Fennel Rd and 2143 Fennell St., acquired in public auction. . 

For any questions, please call me at 407 421 9091 or email me at urrug4@aol.com . I also do rentals in Winfield.

These are sales of the last twelve months:

Address List Price Sold Price Sq. Ft. LP/SqFt SP/SqFt
2109 KORAT LN  170000 163000 1382 123.01 117.95
1878 BOBTAIL DR  174900 166000 1580 110.7 105.06
1921 BOBTAIL DR  175000 175000 1590 110.06 110.06
2163 TORTOISE SHELL DR  179000 170000 1536 116.54 110.68
2167 FENNELL ST  199000 199000 1788 111.3 111.3
1860 BOBTAIL DR  199900 195000 1740 114.89 112.07
2149 FENNELL ST  199900 199900 1689 118.35 118.35
1950 BOBTAIL DR  199900 190000 1762 113.45 107.83
1795 BOBTAIL DR  209000 204000 2045 102.2 99.76
2120 Tortoise Shell N/A 150000 1427 By owner 105.12
8028  Birman St. N/A 150000.00 1739.00 Auction 86.26