Seminole County, FL – Market Sales Statistics for June ‘10

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Real Estate Agent with Marc It Sold!

Seminole County Florida Market Sales Statistics for June 2010

The following are the market sales statistics for Seminole County, Florida for June 2010.  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

409 homes sold during the month of June.

The average sales price is $208,816 with 146 days on the market.

The median sales price is $161,250.

The sales to list price ratio is 95%.

The most expensive home sold for $2M in Heathrow Woods in Lake Mary and was on the market 34 days.

The least expensive home sold for $14,100 in Sanford after 78 days on the market.

The average sales price for the same period a year earlier was $239,510 with 93 days on the market and a sales to list price ratio of 94% on 338 sales, an increase of 21%.

The month to month changes show an increase in the average sales price of 2% and a decrease in the median sales price of 8%.  There was an increase in sales volume of 25% with no change in the sales to list price ratio.

Seminole County Florida single family home average and median sales price for June 2010

Seminole County Florida condo townhome villa average and median sales price for June 2010

Condos, Townhomes & Villas

243 homes sold

The average sales price was $72,962 with 118 days on the market.

The median sales price was $58,000.

The sales to list price ratio is 100%.

The most expensive condo sold for $217,869 at Savannah Park in Sanford and was new construction.

The least expensive condo sold for $11,100 at Carrington Park in Maitland after 42 days on the market.

The average sales price a year earlier was $75,725 with 83 days on the market and a sales to list price ratio of 96% on 129 sales, an increase of 88%.

The month to month changes show an increase in the average sales price of less than 1% and an increase in the median sales price of 14%.  There was an increase in sales volume of 15% with a 1% increase in the sales to list price ratio.

Seminole County Florida condo townhome villa average and median sales price for June 2010

Seminole County Florida condo townhome villa sales volume average and median sales price for June 2010

For information on Seminole County real estate and  Seminole County homes for sale in addition to  Seminole County relocation contact Marc Grossman, your  Seminole County Realtor @ 407-463-1034.  Additional information is available for Seminole County real estateOrange 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 MorselsReal 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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Marc Grossman

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