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Waterford Lakes Real Estate Market Update 11/23/2008

By
Real Estate Agent with RE/MAX Downtown SL3136190
Date AVG 8-Nov 15-Nov 22-Nov
Properties for sale in Waterford Lakes 193 176 184 192
  Foreclosure properties listed since last post 2 44 2 4
  New non foreclosure listings since last post 6 14 6 4
What's Sold in Waterford Lakes since last post 2 4 2 2
  Foreclosures in Waterford Lakes since last post 1 1 1 0
  Non-Foreclosures sold since last post 1 3 1 2
What's under contract 34 29 30 38
  Foreclosures under contract in Waterford Lakes 14 18 18 19
  Non-Foreclosures pending in Waterford Lakes 20 11 12 19

The 2 properties below are what sold the week of 11/16/2008 thru 11/22/2008

   Address    List $   Sold $   Bed  Bath Sq Ft Pool DOM Sold Date
750 CLIFTON HILLS ST 169,999 164,000 3 2 1532   112 11/19/2008
606 CANARY ISLAND CT 249,900 240,000 4 2 2273   219 11/17/2008

As you can see Waterford does have 192 properties on the market and currently has 75 foreclosures and 14 bank owned properties for sale. The 73 foreclosures equates to 39% of the properties for sale. This is a drop in available foreclosures basically due to the recent approvals by the banks for short sales. As we continue forward I believe banks will begin approving more and more foreclosures, hopefully in a faster time frame.
If you or anyone you know has a foreclosure related question, feel free to give me a call, Whether buying or selling I am sure I can at least answer a question or two.

This report provided by Brady Pevehouse, a full time agent of Perrone Realty specializing in Orlando Real Estate and Waterford Lakes homes for sale

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