Groveland Florida August 2009 Market Report

Davis Signature Realty LLC has compiled the following August 2009 Market Report for Groveland Florida from data gathered from the Mid Florida Regional MLS.

Of the 25 closed residential transactions in Groveland Florida for August 2009, 13 were either REO, Bank or Lender owned, 5 were short sales and 7 were from non-distressed buyers. The majority of the short sales came from the Estates at Cherry Lake.

The average sold price for these 25 transactions was $129,368.00. Keep in mind, there was one home sold for $480,000 and another sold for $10,000. I was going to keep these two numbers out, but I decided to leave them in the group. The average amount of square footage was 1890 sq. ft.

Groveland Florida Real Estate had a significant drop off in May, but it seems to have recovered and may be on the way back up again.

If you would like a market report for your particular Lake County Florida subdivision, please go to our website at www.davissignaturerealty.com and send me an email with your request. I look forward to helping you out.