North Port FL, REO Market Report for the Last 5 Years – December 2013

By
Real Estate Agent with Kwee Huset Realty
https://activerain.com/droplet/4bbj

 

 

North Port FL, REO Market Report for the Last 5 Years – December 2013

 

How is the REO real estate market for single family homes in North Port FL? Check out the December 2013 report provided by your local REALTOR® Kwee Huset of Kwee Huset Realty.

 

Search REO single family homes for sale in North Port FL

 

REO-single-family-homes-for-sale

 

REO Marker Report December 2013

 

Currently, a total of 113 REO single family homes are in the market and 51 were listed for sale in December 2013. Prices range from $27,900 to $329,000, with a 2 bedroom 1 bath, 616 square feet handyman special to a 2949 square feet  house built in 2002, having 3 bedrooms  2 ½ baths 2 car garage and a pool located on 4.06 acres of land.

15 properties went under contract.  Priced ranged from $40,000 to $300,000.

39 properties were sold with prices from $34,000 to $175,000. Days on market averaged 65 with 97% of sold price to list price ratio.

 

The graph below is the comparison on sold price for the last 5 years REO market report for December 2009 to 2013

 

REO-market-report-graph

 

According to the graph, all the prices have been bouncing around except the median price shows the   improvement began in 2010. It increased 17.39% in 2011. Comparing December 2011 to December 2012 the media price increased 39.5% from $81,000 to $113,000. Comparing 2012 with 2013 it improved another 4.86%.

 

The graph below is the comparison on sold units for the last 5 years REO market report for December 2009 to 2013

 

REO-unit-sold-graph

 

According to the graph above, in 2010 a total of 63 REO properties were sold. The reason was property prices were lower as shown in the sold price graph above. When the price increased in 2011 the number of units sold dropped from 63 to 25. Gradually it improved again in 2013.

 

Search REO single family homes for sale in North Port FL

 

REO-home-for-sale

 

The price depends on the location, home size, amenities & condition of the properties (handyman, move in condition, kind of floor, updated kitchen/bathroom, air-conditioner, car port or garage parking, etc.)

 

Based on information from the My Florida Regional Multiple Listing Service, Inc. for the period as mentioned above as of January 29, 2014. This information may or may not include all listed expired, withdrawn, pending or sold properties of one or more members of the My Florida Regional Multiple Listing Service.

MFRMLS, Inc. Information deemed reliable but not guaranteed. Parties are advised to verify.

 

Looking to buy or sell in the City of North Port? Dial 941-716-3090 for email me. 

 

 

 

 

Posted by

 

Kwee-Huset

Kwee Huset

Kwee Huset Realty - Venice Florida Real Estate

Broker/owner, REALTOR®,  CIPS, AHWD, ESRES, TRC  

Call today at 941-716-3090 for results.

info@kweehuset.com   

 

Are you looking to Buy or Sell a Home in the Venice, FL or the surrounding area?  

 

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Rainmaker
525,308
Lisa Friedman
Great American Dream Realty - Essex, VT
30 Years of Real Estate Experience!

Kwee, your market reports are always very professional looking. This is a great service that you provide for buyers and sellers in your area.

That is one of the best looking house photos I have ever seen! The sky is so blue and the picture is so sharp. It is absolutely perfect.

Jan 29, 2014 10:41 AM #1
Rainmaker
844,399
Barbara Altieri
Kinard Realty Group - RealtyQuest Team, Fairfield and New Haven County CT Real Estate - Shelton, CT
REALTOR-Fairfield County CT Homes/Condos For Sale

Kwee - You really know the North Port FL market which makes you so valuable to buyers and sellers. LOVE the last pic. Beautiful home!

Jan 29, 2014 10:51 AM #2
Rainmaker
938,353
Kwee Huset
Kwee Huset Realty - Venice, FL
Venice Florida Homes For Sale

Thanks Lisa  and Barbara for your kind words.  There are many affordable beautiful homes for sale in North Port. If you know anyone looking for a vacation home for the winter, call me - I will pay you referral fees.

Jan 29, 2014 11:23 AM #3
Rainmaker
525,308
Lisa Friedman
Great American Dream Realty - Essex, VT
30 Years of Real Estate Experience!

Kwee, of course I would call you. That goes without saying! I would only want to introduce my referrals to the best agent in Venice.

 

Jan 29, 2014 11:36 AM #4
Rainmaker
938,353
Kwee Huset
Kwee Huset Realty - Venice, FL
Venice Florida Homes For Sale

Hahaha, Lisa you make my day. Thank you my friend.

Jan 29, 2014 11:48 AM #5
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Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

Kwee, Very nice graphs. I am surprised that there are still so many REOs coming on the market. W are seeing a real slowdown of them.

Jan 29, 2014 11:50 AM #6
Rainmaker
938,353
Kwee Huset
Kwee Huset Realty - Venice, FL
Venice Florida Homes For Sale

Hi Debbie, Florida is one of the top states with foreclosure. It has been slowing down.

Jan 29, 2014 12:00 PM #7
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Dagny Eason
Dagny's Real Estate - Wilton, CT
Fairfield County CT, CDPE Homes For Sale and Condo

I am glad to hear you say that the foreclosures in Venice are slowing down, Kwee.  

Jan 29, 2014 12:46 PM #8
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Jennifer Fivelsdal
JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571 - Rhinebeck, NY
Mid Hudson Valley real estate connection

Kwee glad to see the market improving, hopefully in a year there will be much less REO homes.

You all provide excellent data  about North Porty FL.

Jan 29, 2014 03:31 PM #9
Rainmaker
4,797,884
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Kwee, thanks for the REO market update for the North Port, FL market.

Jan 29, 2014 09:07 PM #10
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Hannah Williams
Re/Max Eastern inc. - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-953-8818

Kwee  Great Markert report for North Port  Florida REO 's . You seem to be an expert in this market .

Jan 29, 2014 11:59 PM #11
Rainmaker
1,181,530
Adrian Willanger
206 909-7536 AdrianWillanger-broker.com - Seattle, WA
Profit from my two decades of experience

Kwee, lots of very good information regarding REO properties for North Port Florida. Looks like the number of REO has gone down while prices have gone up. 

Jan 30, 2014 04:12 AM #12
Rainmaker
4,164,903
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Kwee, what excellent information on the REO market in North Port, and shows your expertise in this niche.

Jan 30, 2014 10:32 PM #13
Rainmaker
5,512,863
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Real estate investors love the purchase opportunities that are found in the inventory of lender owned properties.

Jan 30, 2014 11:50 PM #14
Rainmaker
4,164,903
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Kwee, valuable REO information for North Port and nice to see it has decreased nicely!

Jul 22, 2014 11:16 PM #15
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