Saturday, November 29, 2014

MARKET UPDATE TO NOVEMBER 28, 2014

Statistics as reported by Matrix to November 28, 2014

Homes available for sale: 2
Price range from $199,900 to $229,900
Average Price: $214,900
Average Price per Square Foot: $ 117.83
Type of sale: 1 bank-owned, 1 normal sale (not short sale, not bank-owned)

Homes with an accepted a contract, not yet closed:  3
Price range from $ 192,925 to $ 219,000
Average Price: $ 203,975
Average Price per Square Foot: $ 116.10
Type of sale: all normal sales.

Homes sold from November 28, 2013 to November 28, 2014:  10  in the agents' system (MLS)
Price range from $ 163,000 to $ 208,000
Average price of home sold: $ 186,090
Average price per sq. ft. sold $ 112.40
Average days in the market: 88
Bank owned sold: 1 - Short sales sold: 2
Normal: 7  - Percent distressed: 30

Homes sold from November 28, 2012 to November 28, 2013: 9
Price range from $ 165,000 to $ 245,000
Average price of home sold: $ 194,433
Average price per sq. ft. sold: $ 109.08
Average days in the market: 18
Bank owned sold: 2
Short sales sold: 0
Normal: 7 – Percent distressed: 22

Last 6 months: 
Conditions still are good, few houses in the market.
Number of houses sold: 4 - Out of 10 sold in the last 12 months. Pace is slowing down.
Price range of houses sold:  from $170,000 to $ 208,000
Average price per sq. ft. $ 115.19, compared to $ 112.40 of the last 12 months. 
Average price per home sold: $ 189,500, compared to $ 194,433 of the last 12 months.
Average days in the market: 92, compared to 88 of the last 12 months.
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Average price in the last twelve months decreased 4.3% 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 3.1%, a small increase. Prices have suffered and are not as bright as before and the pace of selling is slowing down. However, the last 6 months show a glimmer of hope that prices are beginning to crawl up. The slight decrease over the last 12 months was not any significant.

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 factors 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
Available for sale           
1824 BOBTAIL  DR          199,900            1,622 123.24  
7955 BIRMAN  ST
         229,900            2,045 112.42  
           
Under Contract          
2161 FENNELL  ST          200,000            1,808 110.62  
2129 FALKNER  RD          192,925            1,642 117.49  
2021 FALKNER RD          219,000            1,822 120.20  
           
Sold          
2109 KORAT LN           170,000          163,000          1,382 123.01 117.95
1878 BOBTAIL DR 
         174,900          166,000          1,580 110.7 105.06
1921 BOBTAIL DR 
         175,000          175,000          1,590 110.06 110.06
2163 TORTOISE SHELL DR           179,000          170,000          1,536 116.54 110.68
2157 TORTOISE SHELL  DR          192,500          190,000          1,644 117.09 115.57
1860 BOBTAIL DR           199,900          195,000          1,740 114.89 112.07
2149 FENNELL ST           199,900          199,900          1,689 118.35 118.35
1950 BOBTAIL DR           199,900          190,000          1,762 113.45 107.83
1795 BOBTAIL DR           209,000          204,000          2,045 102.2 99.76
1733 BOBTAIL  DR          212,900          208,000          1,642 129.66 126.67
2120 Tortoise Shell  N/A           150,000          1,427 By owner 105.12
8028  Birman St.  N/A           150,000          1,739 Auction 86.26