The following are the market sales statistics for Longwood, Seminole County, Florida for August 2008. Longwood is made up of the zip codes of 32779 & 32750. For purposes of this analysis we are only splitting the data according to single-family homes vs, condominiums, townhomes and villas.
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. Additionally, 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.
30 homes sold during the month of August.
The average sales price, which is the total sold volume divided by the number of homes sold is $469,895 with 174 days on the market.
The median sales price, which means that 50% of the homes sold for more and 50% of the homes sold for less, is $315,750.
The sales to list price ratio, which means that the homes sold for 92% of their list price.
The least expensive home sold for $105,000 in Longdale after 11 days on the market.
The average sales price for the same period a year earlier was $555,548 with 145 days on the market and a sales to list price ratio of 95%
Condos, Townhomes & Villas
2 homes sold.
The average sales price was $123,500 with 147 days on the market.
The more expensive sold for $150,000 in Wekiva Hunt Club Condos and was on the market for 115 days.
The lesser expensive condo sold for $97,000 in the Residences at Sabal Point and was on the market for 211.
The average sales price a year earlier was $213,187 with 179 days on the market and a sales price to list ratio of 96%.
For information on Longwood and Seminole County real estate and Longwood and Seminole County homes for sale in addition to Longwood and Seminole County relocation contact Marc Grossman, your Longwood 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.
Marc Grossman, GRI - http://www.OrlandoHomes-4u.com/ - 407-463-1034
Marc donates 10% of his net proceeds to Hospice of the Comforter.