kory benken: Central Florida Stats take a Big Nose Dive in September/October! - 10/04/07 03:59 PM
Sales dropped in Central Florida by quite a bit in September.
Orange County saw a 43.5% drop in overall sales this week which was the worst of all of the Central Florida Counties.  The total number of Active Listings dropped by a net of 314 (or 1.94%) in Orange County over the same period but was dwarfed by the sales drop.
Lake, Osceola, Seminole and Volusia Counties also saw drops in inventories followed by much bigger drops in Sales.  Overall the absorption rate (expressed in months of inventory) increased across the board showing that market time is still growing and the market … (1 comments)

kory benken: Central Florida Home Sales Make Big Slow down in September 2007 - 10/04/07 03:47 PM
The first week of October unveiled the first look at September's numbers for Home Sales and was not pretty. The graph below shows the absorption rate change from week to week (from March 2007). By the way, up is bad!
Suprisingly, though, inventories did decrease but not nearly as much (percentage wise) as sales did. 
See my next blog on more info about inventories in the Central Florida Counties. 
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kory benken: Seminole County stats for October 2, 2007 proves to be dismal! - 10/04/07 03:39 PM
The fist week of October saw a dramatic slowdown in the Real Estate Market in Seminole County. Sales over the past 30 day period slowed down as much as 60% in some zipcodes like 32779 (Longwood). 
September is typically a slow month but this is unusual.  Seminole County (as a whole) went from 12.65 months of inventory last week to 19.26 months of inventory (a 52.26% increase in 1 week!).
These numbers should bounce back in October/November, however, the trend has been a decline at the end of each month followed by a slight bounce back. 
 
 
 
 
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kory benken: Seminole County takes a nose dive in September! - 10/04/07 03:28 PM
The first week of October did not bode well for Seminole County Florida (or the rest of Central Florida for that matter).  The absorption rates sky rocketed this week which means that market time will increase and sales will slow even more!  Although September is typcially a slow month in the Real Estate business, other factors such as the credit crunch, slumping housing prices and more people moving out of the state than into it have all contributed to poor performance.  
 
 
 
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kory benken: Great Deal on Vacant Land right next to Brand New Elementary School! - 09/27/07 05:42 AM
 FOR SALE! BEAUTIFUL 1/2 ACRE + READY TO BUILD!
MLS #04788560         Tennessee Ave.      Deltona, FL  32738               $65,0000
Commission to the selling agent      5%
Click here to see a Photo Story about the property  Tennessee ave Photo Story
I have had this property for quite some time now.  When I first listed it we were a bit higher on the price.  I also found out that the property was "non-conforming". My customers owned 2 quarter acre lots side by side in a small area that was zoned 1 home per 10 acres.  The reason for this is about 40-50 years ago the developer (or farmer), who … (0 comments)

 

Kory Benken

REALTOR, G.R.I.

Lake Mary, FL

More about me…

Keller Williams Realty

Address: 100 Waymont ct, suite #110, Lake Mary, FL , 32746

Office: (407) 702-1491

Mobile: (407) 948-5711

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