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I wish this was an April Fool's Day joke.
                                          
I wish I could say this was an April Fools Day joke.....but it's not. It's my March market report for Poinciana FL.
The following is the reality of the market in Poinciana.
There were 31 closings for March. This is actually a 50% increase from February. So that's a good thing.
The average sale was a 1857 sq ft home listed at $140,201 and sold for $137,609 in 131 days. $75 per sq ft living area. The sold price is down about 5% from February.
Out of those 31 sales, 21 one of them were banked owned properties(REOs). 4 were short sales. 2 were builder inventory and 4 were owned by Mr. and Mrs. Average Home Seller. This is right in line with my last market report, "Selling Retail listings in a wholesale market".
Now let's look at a few of the houses that came on the market today:
 
Property #1: 4 bedroom 3 bath pool home with 2013 sq ft living area built in 1987. This property was last sold in May of 2005 for $280,000. It came on the market today as a bank owned property priced at $149,900.
 
 
  Property #2: 4 bedroom 2 bath home with 1563 sq ft living area built in ... more

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