St Cloud Florida Homes for sale have seen spike in prices, but is all that glitters really gold? While the recovery process seems to have lingered a lot longer than anyone expected, the surge in St Cloud Florida home prices has been disappointing to buyers in many ways. Foreclosed properties St Cloud Florida/Kissimmee are no bargain. Banks are holding out for top dollar despite the overall poor condition and disrepair many of these distressed properties have fallen victim to.
Prices on homes for sale and sold in St Cloud Florida market have risen on average over 12% from this time last year, with a median price range at $132,000 for a three bedroom two bath home. The quality of the homes offered for sale however has not risen proportionately.
Homes that would be considered as "fixer-uppers" now have asking prices for move-in ready homes. Most buyers are willing to do "a little work" but not the major repairs we are seeing lately some of these home would require.
As a result, distressed properties in St Cloud Florida are lasting longer on the market, and homes which are not distress sales, seem to be selling at a much faster rate. Making the competition for affordable housing much stiffer in the price ranges under $150,000.
"Buyers need to brace themselves when preparing to look at low end homes as they are likely to be disappointed with what they may find" says Allison Stewart Broker Owner of St Cloud Homes, LLC "The current activity for well priced often results in multiple offers for properties in good condition. As a result there is less "wiggle-room" and in some cases homes are selling at above asking price. While every wants a great deal, being realistic will result in a smoother transaction and more accepted offers. Have your financing in place in advance of viewing properties. Know what your borrowing power is. Have a good idea of what you want. And be prepared to have to do some repairs." Allison Stewart St Cloud Homes, LLC