MARKET UPDATE TO DECEMBER 25, 2014

Statistics as reported by Matrix to December 25, 2014

Homes available for sale: 3

Price range from $169,000 to $229,900

Average Price: $205,967

Average Price per Square Foot: $ 116.66

Type of sale: All normal sales (not short sale, not bank-owned)

Homes with an accepted a contract, not yet closed:  1

Price: $199,900

Price per Square Foot: $ 123.24

Type of sale: Bank-owned.

Homes sold from December 25, 2013 to December 25, 2014:  12  

in the agents' system (MLS)

Price range from $ 163,000 to $ 208,000
Average price of home sold: $ 187,233
Average price per sq. ft. sold $ 112.33
Average days in the market: 86
Bank owned sold: 1 - Short sales sold: 2

Normal: 79 - Percent distressed: 25

Homes sold from December 25, 2012 to December 25, 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: 6 - Out of 12 sold in the last 12 months. Pace is being maintained.
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: $ 190,6500, compared to $ 194,433 of the last 12 months.
Average days in the market: 85, compared to 86 of the last 12 months.

.

Average price in the last twelve months decreased 3.7% 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 3.0%, a small increase. Prices have suffered and are not as bright as before and the pace of selling is at least being kept. 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
	1614 BOBTAIL  DR	169,000		1,440	117.36
	2021 FALKNER RD	219,000		1,822	120.20
	7955 BIRMAN  ST	229,900		2,045	112.42
	Under Contract
	1824 BOBTAIL  DR	199,900		1,622	123.24
	Sold
	2109 KORAT LN	170,000	163,000	1,382	123.01	117.95
	1878 BOBTAIL DR	174,900	166,000	1,580	110.70	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
	2129 FALKNER  RD	192,925	189,900	1,642	117.49	115.65
	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
	2161 FENNELL  ST	200,000	196,000	1,808	110.62	108.41
	1795 BOBTAIL DR	209,000	204,000	2,045	102.20	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