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

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.
.
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

Thursday, August 28, 2014

MARKET UPDATE TO AUGUST 28, 2014

Statistics as reported by Matrix to August 28, 2014

Homes available for sale: 2
Price range from $205,000 to $229,900
Average Price: $217,450
Average Price per Square Foot: $ 130.38
Type of sale: 1 short sale, 1 normal sale (not short sale, not bank-owned)

Homes with an accepted a contract, not yet closed:  0

Homes sold from August 28, 2013 to August 28, 2014:  10 in MLS
Price range from $ 163,000 to $ 229,900
Average price of home sold: $ 189,180
Average price per sq. ft. sold $ 110.55
Average days in the market: 83
Bank owned sold: 2 - Short sales sold: 2
Normal: 6  - Percent distressed: 40

Homes sold from August 28, 2012 to August 28, 2013: 8
Price range from $ 162,000 to $ 245,000
Average price of home sold: $ 183,375
Average price per sq. ft. sold: $ 106.38
Average days in the market: 18
Bank owned sold: 2
Short sales sold: 0
Normal: 6 – Percent distressed: 25

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. 
Price range of houses sold:  from $170,000 to $ 199,900
Average price per sq. ft. $ 112.23, compared to $ 110.55 of the last 12 months. 
Average price per home sold: $ 188,725, compared to $ 185,375 of the last 12 months.
Average days in the market: 118, compared to 83 of the last 12 months.
.
Increase in average price of homes sold year over year: 2.0%, a modest price increase. This percent increase has been coming down in the last analyses. Increase in average price per sq. ft. sold year over year:  3.9%, a modest increase. Prices have suffered and are not as bright as before.

It is taking longer to sell. This is the result of slow demand prompted by stiffer conditions imposed by lenders or for selling prices not correctly set from the very beginning and for investors looking at other markets.

40% of sales this past year were distressed sales (short sales and bank-owned), compared to the previous 12-month year of 25%. However, this percent is very low compared to a few years ago when distressed sales were over 60%.

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 if well priced. . This is a good time to put your house on sale.

1909 Bobtail Dr, 1824 Bobtail Dr and 2137 Fennel Rd acquired in public auction are expected to be coming in the market. 

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           
2143 FENNELL  ST          205,000            1,382 148.34  
7955 BIRMAN  ST          229,900            2,045 112.42  
           
Under Contract None        
           
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
2167 FENNELL ST           199,000          199,000          1,788 111.30 111.30
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          2,045 102.20 99.76
7949 BIRMAN ST           229,900          229,900          2,044 112.48 112.48
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

Thursday, July 24, 2014

MARKET UPDATE JULY 24, 2014

Statistics as reported by Matrix to July 24, 2014

No Homes available for sale

Homes with an accepted a contract, not yet closed:  2
Average Price: $189,450
Price Range: $179,000 to $199,900
Price per square foot: $ 115.0
Number of days in the market: 144
Type of transaction:  1 short sale, 1 normal.

Homes sold from July 24, 2013 to July 24, 2014:  9 in MLS
Price range from $ 163,000 to $ 229,900
Average price of home sold: $ 189,422
Average price per sq. ft. sold $ 111.42
Average days in the market: 61
Bank owned sold: 2 - Short sales sold: 1
Normal: 6  - Percent distressed: 33

Homes sold from July 24, 2012 to July 24, 2013: 8
Price range from $ 162,000 to $ 245,000
Average price of home sold: $ 183,363
Average price per sq. ft. sold: $ 103.85
Average days in the market: 19
Bank owned sold: 2
Short sales sold: 1
Normal: 5 – Percent distressed: 38

Last 6 months: 
Conditions still are good, few houses in the market.
Number of houses sold: 6 - Out of 9 sold in the last 12 months. 
Price range of houses sold:  from $163,000 to $ 204,000
Average price per sq. ft. $ 110.64, compared to $ 111.42 of the last 12 months. 
Average price per home sold: $ 183,817, compared to $ 189,422 of the last 12 months.
Average days in the market: 86, compared to 61 of the last 12 months.
.
Increase in average price of homes sold year over year: 3.3%, still a good price increase. This percent increase has been coming down in the last analyses. Increase in average price per sq. ft. sold year over year:  7%, a modest increase. Prices have suffered and are not as bright as before.

It is taking longer to sell. This is the result of slow demand prompted by stiffer conditions imposed by lenders or for selling prices not correctly set from the very beginning.

No house for sale at this point. The number of distressed sales is tailing off as time progresses. 66% of houses sold in the last 12 months took place in the last 6 months which still 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 if well priced. . This is a good time to put your house on sale.

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
           
Under Contract          
2163 TORTOISE SHELL DR 
179000.00   1536.00 116.54  
1950 BOBTAIL DR 
199900.00   1762.00 113.45  
 
         
Sold
         
2109 KORAT LN 
170000.00 163000.00 1382.00 123.01 117.95
1878 BOBTAIL DR 
174900.00 166000.00 1580.00 110.70 105.06
1921 BOBTAIL DR 
175000.00 175000.00 1590.00 110.06 110.06
1830 BOBTAIL DR 
184900.00 173000.00 1494.00 123.76 115.80
2167 FENNELL ST 
199000.00 199000.00 1788.00 111.30 111.30
1860 BOBTAIL DR 
199900.00 195000.00 1740.00 114.89 112.07
2149 FENNELL ST  199900.00 199900.00 1689.00 118.35 118.35
1795 BOBTAIL DR  209000.00 204000.00 2045.00 102.20 99.76
7949 BIRMAN ST  229900.00 229900.00 2044.00 112.48 112.48
8028 BIRMAN ST N/A 156500.00 1739.00 auction 89.99
2133 FALKNER RD
N/A 142000.00 1779.00 by owner 79.82

Monday, June 23, 2014

MARKET UPDATE TO JUNE 22, 2014

Statistics as reported by Matrix to June 22, 2014

Homes available for sale: 1
Price : $ 199,900
Price per square foot: $ 113.45
Type of transaction: Normal (sold by a person or a corporation)

Homes with an accepted a contract, not yet closed:  1
Price: $179,000
Price per square foot: $ 116.54
Number of days in the market: 230
Type of transaction: short sale

Homes sold from June 23, 2013 to June 22, 2014:  10
Price range from $ 163,000 to $ 245,000
Average price of home sold: $ 194,980
Average price per sq. ft. sold $ 110.74
Average days in the market: 59
Bank owned sold: 2 - Short sales sold: 1
Normal: 7  - Percent distressed: 30

Homes sold from June 23, 2012 to June 2, 2013: 7
Price range from $ 142,500 to $ 189,000
Average price of home sold: $ 174,557
Average price per sq. ft. sold: $ 103.75
Average days in the market: 17
Bank owned sold: 2
Short sales sold: 1
Normal: 4 – Percent distressed: 43

Last 6 months: 
Conditions still are good, few houses in the market.
Number of houses sold: 5 - Out of 10 sold in the last 12 months. 
Price range of houses sold:  from $163,000 to $ 199,900
Average price per sq. ft. $ 112.70, compared to $ 110.74 of the last 12 months. 
Average price per home sold: $ 179,780, compared to $ 194,980 of the last 12 months.
Average days in the market: 101, compared to 59 of the last 12 months.
.
Increase in average price of homes sold year over year: 12%, still a good price increase. This percent increase has been coming down in the last analyses. Increase in average price per sq. ft. sold year over year:  7%, a modest increase. Prices have suffered and are not as bright as before.

It is taking longer to sell. This is the result of slow demand prompted by stiffer conditions imposed by lenders or for selling prices not correctly set from the very beginning.

There is only house for sale. The number of distressed sales is tailing off as time progresses:  April 27, 2012 to same date 2013 it was 43%, 2013 to 2014 same period it was 30%.  50% of houses sold in the last 12 months took place in the last 6 months which still 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 if well priced. . This is a good time to put your house on sale.

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
For Sale
1950 BOBTAIL DR          199,900 1762 113.45
Under Contract
2163 TORTOISE SHELL DR          179,000 1536 116.54
Sold
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
2167 FENNELL ST           199,000          199,000          1,788      111.30 111.3
1860 BOBTAIL DR           199,900          195,000 1740      114.89 112.07
2149 FENNELL ST           199,900          199,900          1,689      118.35 118.35
1795 BOBTAIL DR           209,000          204,000          2,045      102.20 99.76
7949 BIRMAN ST           229,900          229,900          2,044      112.48 112.48
8028 BIRMAN ST N/A          156,500          1,739 89.9942
2133 FALKNER RD  N/A           142,000          1,779 79.8201
2109 KORAT LN          170,000          163,000          1,382      123.01 117.95
1800 BOBTAIL DR          250,000          245,000          2,343      106.70 104.57
1830 BOBTAIL DR          184,900          173,000          1,494      123.76 115.8