Timacuan home sales during the month of October were active. 2 homes sold in Timacuan and both sales were non distressed properties. One home, 734 Powderhorn Circle, Lake Mary was a 3 bedroom 2.1 baths, 2399 sq. ft. pool home located on the golf course and it was sold by Keller Williams Advantage Realty for $315,000 or 90% of asking price. Of course golf course properties achieve a higher per sq. ft. asking price compared to non golf course properties, and this property sold for $131.30 per sq. ft. The other property located at 421 Thomez Ct., Lake Mary sold by Stirling Sotheby’s International Realty, a 4 bedroom, 3 bath, 2665 sq. ft. home and it sold at 92% of asking price at $370,000 and it was listed at $400,000 reduced from the initial list price of $425,000.
The per sq. ft. price was $139.62, and while not on the golf course fetched a higher per sq. ft. price compared to the previous property. The difference could be the bedroom configuration as 3 bedroom homes normally would fetch a lower per. sq. ft. price, but also there was an 8 year age difference. Since the beginning of the year, this brings the total Timacuan Home sales to 20 homes.
Sold home prices range from $150,000 to $416,000 and the average per sq. ft. price of all the homes sold was $124.00 and they were sold at 96% of asking price and it took 131 days to get a contract. Compared to last year we are seeing that home sales have doubled.
October of 2009 only 7 homes were sold, this year 20 homes have sold. However, we have seen a decline in the per sq. ft price from $131.50 to $121.00 or 5 % which is only a small price reduction compared to the large increase in sales. Timacuan is a golf course community, Golf course location vs. none golf course location will make a difference in value.
So far this year 8 homes sold on the golf course and the average per sq. ft. price was $134.00 or $334,570 for the average 2584 sq. ft. home, where as the none golf course home fetched only $122.00 per sq. ft or $296,953 for the average 2446 sq. ft home.
Not all situations of course are the same and each home needs to be looked at individually and if you want to really know what the home value is, please give me a call at 407-330-2181. Or go to my website www.OrlandoLuxuryhomes4sales.com.
If you are facing a difficult time and need some help with a possible foreclosure please go to my distressed property website at www.Orlandoshortsalerealtor.com I am a CDPE, certified distressed property expert and I would be glad to assist you with my 20+ years experience in Real Estate.
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