Altamonte Springs, Seminole County, FL – Market Sales Statistics for January ‘08

By
Real Estate Agent with Marc It Sold!

Altamonte Springs

The following are the market sales statistics for Altamonte Springs, Seminole County, Florida for January 2008.  Altamonte Springs is made up of the zip codes of 32701 & 32714.  For purposes of this analysis we are not only splitting the data according to zip codes, but also single-family homes vs, condominiums, townhomes and villas.

32714 - Single-Family Homes

7 homes sold during the month of January.

The average sales price, which is the total sold volume divided by the number of homes sold is $341,214.

The median sales price, which means that 50% of the homes sold for more and 50% of the homes sold for less, is $365,000.

The most expensive home sold for $512,500 and was on the market for 160 days.  It was a 5 bedroom, 3 bath 3178sf home with a 2-car garage, a screen enclosed swimming pool and heated spa, built in 1984 on .45 acres of land, with hardwood floors, an updated kitchen and master bath.  The community offers a large playground, basketball and tennis courts, a picnic pavillion, volleyball court, dock and boat ramp to a ski lake with a HOA of $260/year.

The least expensive home sold for $175,000 after 40 days on the market.  It was a 3 bedroom, 2 bath, 1-car carport home with 1245sf built in , with an in-ground pool and new roof with no HOA.

The average sales price for the same period a year earlier was $329,455.

 

32714 - Condos, Townhomes & Villas

8 homes sold

The average sales price was $127,368.

The median sales price was $122,450.

The most expensive condo sold for $190,000 and was on the market for 112 days.  It was a 2 bedroom, 2 bath ground floor unit with 1396sf built in 1986 in what some consider a luxury guarded community with a pool, tennis court, workout room, racquetball court, and recreation room/library with a monthly maintenance of $197.

The least expensive sold for $83,980 and appears to be sold the day that it was listed.  It was a 1 bedroom, 1 bath condo conversion with 548sf built in 1988 in a gated community, with a pool, spa, clubhouse, fitness center, 2 tennis courts, grilling and picnic areas with a monthly maintenance of $111.68.

The average sales price a year earlier was $139,763.

 

32701 - Single Family Homes

7 homes sold

The average sales price was $188,942.

The median sales price was $189,000.

The most expensive home sold for $225,000 in 203 days.  It was a 3 bedroom, 2 bath, 2 car-garage home with 1605sf built in 1998 located on a double lot of .32 acres with tile, a covered patio, garden tub and separate shower in the master bath with no HOA.

The least expensive home sold for $160,000 in 42 days.  It was a 3 bedroom, 2 bath home with no garage and 1535sf built in 1958 located on .55 acres with a circular driveway with newer windows and a/c and no HOA.

The average sales price a year earlier was $192,333.

 

32701 - Condos, Townhomes & Villas

2 sold with an average sales price of $141,950.

The more expensive condo sold for $200,000 in 108 days.  It was a 3 bedroom, 2 bath ground floor unit with 1398sf built in 1970 which has been totally redone with a new kitchen, new baths, tile, fixtures, plumbing and electrical.  It is located in a community which has a pool, tennis courts, fitness center and access to a large ski lake.  Maintenance fees are $317.99/month plus a monthly assessment of $28.

The other condo sold for $83,900 in 233 days.  It was a 1 bedroom, 1 bath condo with 500sf built in 1980.  The community offers a swimming pool, tennis courts and shuffleboard with a monthly maintenance fee of $110.37.

The average sales price of a year earlier was $130,053.

 

For information on Altamonte Springs and Seminole County real estate and Altamonte Springs and Seminole County homes for sale in addition to Altamonte Springs and Seminole County relocation contact Marc Grossman, your Altamonte Springs 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.

Central Florida Real Estate Realtor - Marc It Sold!To learn more about Marc and the services he has to offer, visit his profile & website

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

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

Marc It Sold!

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Rainmaker
1,038,471
Rob Arnold
Sand Dollar Realty Group, Inc. - Altamonte Springs, FL
Metro Orlando Full Service - Investor Friendly & F
Thanks for the breakdown.  That really puts it in perspective just how slow things really are.  Only 24 total properties sold in the whole city during January. Wow! Hopefully things will pick up soon.
Feb 19, 2008 11:53 AM #1
Rainer
209,246
Marc Grossman
Marc It Sold! - Longwood, FL
GRI, Greater Orlando Real Estate Broker
Rob,  I think they are picking up.  January was surely a slow month, but we were selling a little over a thousand a month for the previous three months.  Granted, that's not where we would like to be, but that also surely is not to shabby considering the state of affairs.
Feb 19, 2008 10:58 PM #2
Rainmaker
1,038,471
Rob Arnold
Sand Dollar Realty Group, Inc. - Altamonte Springs, FL
Metro Orlando Full Service - Investor Friendly & F
I can't seem to get any Realtors to show my listings, but I get plenty of calls from my signs and ads.  I have 2 almost pending deals that I got from these.  I pray that the market at least bottoms out very soon.
Feb 20, 2008 01:01 AM #3
Rainer
209,246
Marc Grossman
Marc It Sold! - Longwood, FL
GRI, Greater Orlando Real Estate Broker
Rob - I really think that the market has pretty much bottomed out, but the buyers are not coming out yet.  They're too shell shocked from all of the media, etc.  Now that interest rates have risen and will probably go up further this week, that doesn't help the matter at all.  But the numbers of active listings this week, was just a tad lower than last week.  That's a good sign if it persists.
Feb 20, 2008 08:11 AM #4
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Rainer
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Marc Grossman

GRI, Greater Orlando Real Estate Broker
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