Osprey FL, Real Estate News and Market Report – February 2014
Important real estate news for Osprey FL home buyers. The markets remain strong and home prices are going up. Read the following February 2014 market report provided by Kwee Huset of Kwee Huset Realty and find out.
Photo from MLS
There were 38 properties listed for sale in February 2014. 5 condos while 33 were single family homes. The lowest price was $110,000 – a wood frame home with 3 bedrooms and 2 bathrooms, 1199 square feet under air and a total building of 1323 square feet. The highest price was a $2,675,000 luxury home in the Oaks, built to conjure the image of chateaux of France. It has 5 bedrooms, 5 full baths and 2 half bath with 4 car garage, 8531 square feet living area and 13,372 square feet total building area.
8 properties were pending with listing prices ranging from $110,000 to $645,000
Osprey, Cash Buyers’ Market Report – February 2014
21 properties were sold. 16 (76%) of the buyers paid cash for their purchase. 4 (19%) of the buyers used conventional loans and 1 (5%) used FHA loan.
9 cash buyers bought a single family home, 5 bought condos, 1 bought a villa and 1 bought a mobile home
The highest sold price for a single family home was $890,000. The highest sold price for a condo was $340,000, the villa sold for $305,000 and the mobile home was sold for $39,000
The average sold price for single family homes was $471,206. And for the condos was $228,700
The average days on market for the single family homes was 76, and for condos was 152 days
The average ratio of sold price to list price for single family homes was 91%, and for condos was 94%
Compared to last year at the same time when 16 properties sold, 21 units were sold in 2014 for an increase of 31.25%. 12 buyers paid cash in 2013, 16 paid cash in 2014 up 33% with average prices rising from $343,843 in 2013 to $471,206 (up 37%)in 2014. The average sold price for condos increased $9,750 or 4.45% from $218,950 in 2013 to $228,700 in 2014.
Osprey, Loan Buyers’ Market Report – February 2014
4 buyers used conventional loans and one with FHA loan for their purchase on single family homes.
The highest sold price for a single family home was $494,500 ↓ from $825,000 in 2013
The average sold price for a single family home was $354,411 ↓ from $447,750 in 2013
The average days on market for the single family home was 230 ↑ from 36 in 2013
The average ratio of sold price to list price for single family homes was 97% ↑ from 96% in 2013
Compared to the same time last year, the same number of buyers (4) purchased their single family homes with conventional loans. The average sold price with loans for single family homes decreased $93,339 or 20.84% from $447,750 in 2013 to $354,411 in 2014.
Price depends on the location, size of land, amenities of community, pool & condition of the property (handyman, move in condition, kind of floor, updated kitchen/bathroom, air conditioner, type and age of roof, etc.)
Based on information from the My Florida Regional Multiple Listing Service, Inc. For the period as mentioned above as of March 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.
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