Sanford, Seminole County, FL – Market Sales Statistics for January ‘10

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Real Estate Agent with Marc It Sold!

Sanford Seminole County Florida 32771 and 32773 Market Sales Statistics for January 2010

The following are the market sales statistics for Sanford, Seminole County, Florida for January 2010.  Sanford is made up of the zip codes of 32773 & 32771.  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

40 homes sold during the month of January.

The average sales price is $169,563 with 152 days on the market.

The median sales price is $124,250.

The sales to list price ratio is 94%.

The most expensive home sold for $810K in the Lake Markham Preserve and was on the market 217 days.

The least expensive home sold for $22,000 in Country Club Manor after 98 days on the market.

The average sales price for the same period a year earlier was $292,518 with 280 days on the market with a sales to list price ratio of 88% on 20 sales, an increase of 100%.

The month to month changes show a decrease in the average sales price of 6% and a decrease in the median sales price of 19%.  There was also a decrease in sales volume of 38% with no change in the sales to list price ratio.

Sanford Seminole County Florida 32771 and 32773 single family home average and median sales price for January 2010

Sanford Seminole County Florida 32771 and 32773 single family home sales volume average and median sales price for January 2010

Condos, Townhomes & Villas

26 homes sold

The average sales price was $121,432 with 1826 days on the market.

The median sales price was $114,500.

The sales to list price ratio is 93%.

The most expensive condo sold for $250,000 in Gateway at Riverwalk and was new construction built in ‘07.

The least expensive sold for $19,500 in Northlake Village Condo after 157 days on the market.

The average sales price a year earlier was $148,535 with 127 days on the market with a sales to list price ratio of 88% on 6 sales, an increase of 333%.

The month to month changes show an increase in the average sales price of 4% and a decrease in the median sales price of 12%.   There was an increase in sales volume of 10% with a 4% decrease in the sales to list price ratio.

Sanford Seminole County Florida 32771 and 32773 condo townhome villa average and median sales price for January 2010

Sanford Seminole County Florida 32771 and 32773 condo townhome villa sales volume average and median sales price for January 2010

For information on Sanford and Seminole County real estate and Sanford and Seminole County homes for sale in addition to Sanford and Seminole County relocation contact Marc Grossman, your Sanford and Seminole County Realtor @ 407-463-1034.  Additional information is available for Seminole County real estate, Orange County real estate, West Volusia County and South Lake County.

To learn more about Marc and the services he has to offer, visit his website.

Marc Grossman, GRI  -  http://www.OrlandoHomes-4u.com/ -  407-463-1034

You can read Marc's other blogs Real Estate Morsels, Real Estate Off The Leash & Real Estate Cracker

Marc donates 10% of his net proceeds to Hospice of the Comforter.

Marc It Sold!

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