WINTER SPRINGS
Real Estate For Sale
Marc Grossman, GRI
Real Estate & Mortgage Broker
407-463-1034 - Cell
Email:
marc@OrlandoHomes-4u.com
Website:
www.OrlandoHomes-4u.com
Blogs:
Real Estate Morsels
Winter Springs, Seminole County, FL – Market Sales Statistics for June '10 |
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The following are the market sales statistics for Winter Springs, Seminole County, Florida for June 2010. Winter Springs is made up of the zip code 32708. For purposes of this analysis we are only splitting the data according to single-family homes vs, condominiums, townhomes and villas. A couple of definitions are in order. The median sales price means that 50% of the homes sold for more and 50% of the homes sold for less during a certain period of time – in other words, it’s the midpoint of sale prices. So basically what this means, is that the median sales price is showing market activity in that it’s specifically indicating which price range is more active. The average sales price, as opposed to the median sales price, is the total volume of sold properties divided by the number of properties sold. The sales to list price ratio is just that, you’re dividing the average sales price by the average list price and coming up with a percentage that tells you how much of the list price the average homes sold for. There needs to be a disclaimer here. These stats are only as good as telling us what it being purchased and happening at a certain period in time. Also, it needs to be fully understood that not only is real estate local, but it is hyper-local. What this means is that the trends that we hear about are overall. Let's put it this way, what's happening in one neighborhood, may not be realized in the neighborhood next door. Additionally, these are only monthly statistics and to get a better scope of what is happening, you need to look at a longer period of time. More high-end homes might be sold in one month as opposed to another. By looking at a longer period, you will get a better overall picture. It is all relative and this has to be understood when utilizing these stats. Single-Family Homes 36 homes sold during the month of June. The average sales price is $231,002 with 124 days on the market. The median sales price is $167,400. The sales to list price ratio is 97%. The most expensive home sold for $840,000 in Arrowhead at Tuscawilla and was on the market 316 days The least expensive home sold for $50,000 in Wildwood after 91 days on the market. The average sales price for the same period a year earlier was $235,395 with 79 days on the market and a sales to list price ratio of 93% on 51 sales, a 29% decrease. The month to month changes show an increase in the average sales price of 32% and an increase in the median sales price of 14%. There was a decrease of 3% in sales volume with a 1% increase in sales to list price ratio.
Condos, Townhomes & Villas 28 homes sold The average sales price is $118,886 with 119 days on the market. The median sales price is $125,000. The sales to list price ratio is 99%. The most expensive sold for $199,900 in Jesups Reserve Townhomes and was new construction built in ‘07. The least expensive villa sold for $27,000 in Wildwood after 198 days on the market. The average sales price a year earlier was $120,207 with 123 days on the market and a sales to list price ratio of 91% on 8 sales, a decrease of 250%. The month to month changes show an increase in the average sales price of 13% and an increase in the median sales price of 17%. There was an increase in sales volume of 47% with a 3% increase in the sales to list price ratio.
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Looking in the Winter Springs area for homes for sale? These are some of my present listings. You can contact me for more information on other available listings for Winter Springs real estate as well as other cities in the Greater Orlando Central Florida area or you can search yourself by accessing my main website at www.OrlandoHomes-4u.com. Marc Grossman, GRI - your Winter Springs Realtor -
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