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Homes are selling for less than the Materials Cost - www.SKIPtheBULL.com
It's amazing to see homes listed at $60 a Sqft when the materials for the construction cost that or more. Now with the Buyers market, you get the labor and land for Free! Kind of!!!
And for First Time Buyers, you could get as much as $8000 as a Tax Credit. How can you go wrong? Interest rates are still in the 5% range for most buyers and depending on the area, you could move in to a great home for less than paying rent!
You can still get a loan at www.LowestFloridaRates.com
Search for your dream home or investment property at www.SKIPtheBULL.com
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The following are the market sales statistics for Windermere, Orange County, Florida for May 2009. Windermere is made up of the zip code 34786. For purposes of this analysis we are only splitting the data according to single-family homes vs, condominiums, townhomes and villas.
A couple of definitions are in order. The median sales price means that 50% of the homes sold for more and 50% of the homes sold for less during a certain period of time - in other words, it's the midpoint of sale prices. So basically what this means, is that the median sales price is showing market activity in that it's specifically indicating which price range is more active.
The average sales price, as opposed to the median sales price, is the total volume of sold properties divided by the number of properties sold.
The sales to list price ratio is just that, you're dividing the average sales price by the average list price and coming up with a percentage that tells you how much of the list price the average homes sold for.
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. Also, 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.
Single-Family Homes
35 homes sold during the month of May.
The average sales price is $376,121 with 107 days on the market.
The median sales price is $285,000.
The sales to list price ratio is 95%.
The most expensive home sold for $909K in Estates of Lake Clarice and was on the market 516 days.
The least expensive home sold for $173,250 in Lakes of Windermere Peachtree after 178 days on the market.
The average sales price for the same period a year earlier was $916,394 with 179 days on the market on 38 sales, a decrease of 8%.
The month to month changes show a decrease in the average sales price of 15% and an increase in the median sales price of 2%. Yet, there was a decrease in sales volume of 20% with no change in the sales to list price ratio.
Condos, Townhomes & Villas
9 homes sold.
The average sales price is $376,374 with 170 days on the market.
The median sales price is $120,000.
The sales to list price ratio is 89%.
The more expensive villa sold for $2.4M in Isleworth and was on the market 249 days.
The less expensive sold for $104,000 in Lakes of Windermere Lake Reams Townhomes after 59 days on the market.
The average sales price for the same period a year earlier was $187,050 with 179 days on the market on 8 sales, an increase of 13%.
The month to month changes show an increase in the average sales price of 171% and a decrease in the median sales price of 14%. The increases are due to the fact that a villa sold for over $2M this month. Yet, there was also an increase in sales volume of 50% with a 25% decrease in the sales to list price ratio.
For information on Windermere and Orange County real estate and Windermere and Orange County homes for sale in addition to Windermere and Orange County relocation contact Marc Grossman, your Windermere and Orange 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.
To learn more about Marc and the services he has to offer, visit his website.
Marc Grossman, GRI - http://www.OrlandoHomes-4u.com/ - 407-463-1034
You can read Marc's other blogs Real Estate Morsels, Real Estate Off The Leash & Real Estate Cracker
Marc donates 10% of his net proceeds to Hospice of the Comforter.
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Preston Square has been open for one year and already more than 100 families have moved into the luxury townhomes and beautiful single family homes. Visit today and see why - choose from a variety of townhomes and 8 single family home floor plans. There's one that's perfect for you! And pricing and mortgage rates have never been better, plus there's an $8,000 federal tax incentive for first time homebuyers.*
The community Amenity Center is now open, with swimming pool, fitness course, playground and basketball. The new Sunset Elementary School is nearby, and the exciting Winter Garden Shopping Village is 5 minutes away.
Preston Square is located at the intersection of CR 535 and Overstreet Road, just 7 minutes from Disney World Resort. Be sure to see our award-winning Parade of Homes model, the Hancock.
PRESTON SQUARE 407-278-0353
MODELS OPEN DAILY 10-6
Want the latest updates from Florida builder Centerline Homes?
Follow Us on Twitter and Check Out our Corporate Blog for Additional Information
Visit our Coporate Site www.CenterlineHomes.com
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Windermere is known for its pristine lakes, fabulous outdoor lifestyle, quality schools and big, expensive homes. But now there's a community that has introduced something new to Windermere - BIG VALUE.
Preston Square opened just one year ago and already more than 100 townhomes and single family homes have sold. Deb Marton, Sales and Marketing Director for Centerline Homes, said it didn't take long for homebuyers to find the biggest value in Orange County.
"We offer single family homes from the low 200's and we have homes with almost 3,000 square feet for less than $300,000," Marton said. "Our Hancock model with a bonus room has 2,924 square feet of living space for $299,900!"
Combine those prices with a great location and all Windermere has to offer and you get tremendous value, she noted. Because of the strong demand, Centerline Homes also has a wide selection of homes ready for immediate occupancy.
"Anyone looking for a new home should visit Preston Square this week because we have 4 townhomes and 7 single family homes ready to tour. There's a price and a floor plan that will make them very happy," Marton said.
She added that today's historically low mortgage interest rates and $8,000 federal tax incentive for first time homebuyers add to the value and affordability at Preston Square.
The community Amenities Center recently opened as well, which includes a swimming pool, cabana, fitness course, children's playground and basketball court. There's also a park to throw a ball or frisbie, or meet the new neighbors.
The location of the community is exceptional - just 7 minutes from Disney World, 5 minutes from the Winter Garden Shopping Village, and 3 minutes from the boat ramp for the Windermere Chain of Lakes. Sunset Elementary School also is nearby, as are several championship golf courses.
Preston Square is located at the intersection of County Road 535 and Overstreet Road. For a map, floor plans and more information, log on to www.CenterlineHomes.com, or call 407-278-0353.
Want the latest updates from Florida builder Centerline Homes?
Follow Us on Twitter and Check Out our Corporate Blog for Additional Information
Visit our Coporate Site www.CenterlineHomes.com
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The following are the market sales statistics for Windermere, Orange County, Florida for April 2009. Windermere is made up of the zip code 34786. For purposes of this analysis we are only splitting the data according to single-family homes vs, condominiums, townhomes and villas.
A couple of definitions are in order. The median sales price means that 50% of the homes sold for more and 50% of the homes sold for less during a certain period of time - in other words, it's the midpoint of sale prices. So basically what this means, is that the median sales price is showing market activity in that it's specifically indicating which price range is more active.
The average sales price, as opposed to the median sales price, is the total volume of sold properties divided by the number of properties sold.
The sales to list price ratio is just that, you're dividing the average sales price by the average list price and coming up with a percentage that tells you how much of the list price the average homes sold for.
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. Also, 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.
Single-Family Homes
44 homes sold during the month of April.
The average sales price is $443,056 with 154 days on the market.
The median sales price is $280,000.
The sales to list price ratio is 95%.
The most expensive home sold for $2.425M in Chaine du Lax and was on the market 81 days.
The least expensive home sold for $177,000 in Lakes of Windermere after 97 days on the market.
The average sales price for the same period a year earlier was $657,285 with 156 days on the market on 23 sales, an increase of 91%.
The month to month changes show a decrease in the average sales price of 16% and a decrease in the median sales price of 13%. Yet, there was an increase in sales volume of 13% with a 1% increase in the sales to list price ratio.
Condos, Townhomes & Villas
6 homes sold.
The average sales price is $139,000 with 224 days on the market.
The median sales price is $140,000.
The sales to list price ratio is 94%.
The more expensive townhome sold for $160,000 in Tennyson Park at Summerport and was on the market 226 days.
The less expensive condo sold for $107,000 in Lakeside at Lakes of Windermere after 468 days on the market.
The average sales price for the same period a year earlier was $180,932 with 104 days on the market on 3 sales, an increase of 100%.
The month to month changes show a decrease in the average sales price of 6% and a decrease in the median sales price of 5%. Yet, there was also an increase in sales volume of 200% with a 2% decrease in the sales to list price ratio.
For information on Windermere and Orange County real estate and Windermere and Orange County homes for sale in addition to Windermere and Orange County relocation contact Marc Grossman, your Windermere and Orange 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.
To learn more about Marc and the services he has to offer, visit his website.
Marc Grossman, GRI - http://www.OrlandoHomes-4u.com/ - 407-463-1034
You can read Marc's other blogs Real Estate Morsels, Real Estate Off The Leash & Real Estate Cracker
Marc donates 10% of his net proceeds to Hospice of the Comforter.
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
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