Maitland, FL

The following are the market sales statistics for Maitland, Seminole and Orange Counties, Florida for December 2009. Maitland is made up of the zip code 32751. For purposes of this analysis we will be 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

16 homes sold during the month of December.

The average sales price is $231,827 with 102 days on the market.

The median sales price is $239,620.

The sales to list price ratio is 92%.

The most expensive home sold for $430,000 in Maitland Woods and was on the market 101 days

The least expensive home sold for $61,500 in Hamlet after 274 days on the market.

The average sales price for the same period a year earlier was $297,850 with 89 days on the market with a sales to list price ratio of 92% on 5 sales, an increase of 220%.

The month to month changes show an increase in the average sales price of 24% with an increase in the median sales price of 22%. There was an increase in sales volume of 100% with a 1% decrease in the sales to list price ratio.

Condos, Townhomes & Villas

12 homes sold

The average sales price is $68,875 with 148 days on the market.

The median sales price is $64,500.

The sales to list price ratio is 102%.

The most expensive townhome sold for $220K in Enclave at Maitland and was on the market 223 days.

The least expensive condo sold for $21,201 in Carrington Park after 554 days on the market.

The average sales price a year earlier was $160,650 with 134 days on the market with a sales to list price ratio of 92% on 8 sales, a 50% increase.

The month to month changes show a decrease in the average sales price of 37% with a decrease in the median sales price of 19%. There was a 9% increase in sales volume with a 4% increase in the sales to list price ratio.

For information on Maitland and Seminole and Orange County real estate and Maitland and Seminole and Orange County homes for sale in addition to Maitland and Seminole and Orange County relocation contact Marc Grossman, your Maitland and Seminole 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.

Marc It Sold!

Maitland, one of the oldest municipalities in Central Florida, is a beautifully historic town made up of elegantly lined streets and spectacular housing communities. It is a very quiet suburb about 30 minutes outside of downtown Orlando, and as a result many families with children move here for its unfussy nature and respectable school system.

Surrounded by many beautiful lakes and picturesque parks, Maitland is home to many distinctive and historic places. The Enzian Theater, Central Florida's only full time independent movie theater, is home to the Florida Film Festival. Also, numerous houses are listed on the National Register of Historic Places. The Maitland Art Center is another facility that attracts many visitors.

Many well-known companies are headquartered in Maitland, like EA Sports' Tiburon Studios, the makers of the John Madden Sports series of video games, which make the city of 14,000 a popular place to live and work.

With a family-oriented background, but still able to make room for the alternative crowd (thus venues like The Enzian), Maitland is a dream town for anyone looking at the suburbs of Orlando for housing options.

MAITLAND, FL MLS LISTINGS

• Location: Orange County, FLorida.
• Property Type: Single Family Homes, Townhomes, Condominiums
• Amenities: Gated Community, Vacation Community
• Density: 14,000 Residents

To see all of the Maitland homes for sale visit You can visit Maitland Real Estate or visit our communities page and learn about the best communities around Central Florida.

The following are the market sales statistics for Maitland, Seminole and Orange Counties, Florida for November 2009. Maitland is made up of the zip code 32751. For purposes of this analysis we will be 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

8 homes sold during the month of November.

The average sales price is $186,708 with 191 days on the market.

The median sales price is $196,500.

The sales to list price ratio is 93%.

The most expensive home sold for $280,000 in Dommerich Hills and was on the market 12 days

The least expensive home sold for $40,000 in Lake Lovely Estates after 373 days on the market.

The average sales price for the same period a year earlier was $302,590 with 96 days on the market with a sales to list price ratio of 95% on 11 sales, a decrease of 27%.

The month to month changes show a decrease in the average sales price of 47% with a decrease in the median sales price of 41%. There was a decrease in sales volume of 27% with a 1% decrease in the sales to list price ratio.

Condos, Townhomes & Villas

11 homes sold

The average sales price is $109,718 with 154 days on the market.

The median sales price is $80,000.

The sales to list price ratio is 98%.

The most expensive condo sold for $239,900 in Maitland Village and was new construction.

The least expensive condo sold for $23,000 in Carrington Park after 44 days on the market.

The average sales price a year earlier was $88,750 with 155 days on the market with a sales to list price ratio of 87% on 5 sales, a 120% increase.

The month to month changes show an increase in the average sales price of 53% with an increase in the median sales price of 29%. There was an 8% decrease in sales volume with a 4% increase in the sales to list price ratio.

For information on Maitland and Seminole and Orange County real estate and Maitland and Seminole and Orange County homes for sale in addition to Maitland and Seminole and Orange County relocation contact Marc Grossman, your Maitland and Seminole 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.

Marc It Sold!

Don’t lose your home to foreclosure. These smart homeowners didn’t. Instead, they put their home on the market as a Short Sale.

Street	Date Sold	Original List Price	Sold Price	Beds	Baths	Sq Ft	Pool
MELANIE	10/30/09	$1,025,000	$417,000	4	4	4313	N

Properties have been listed and sold by various MLS members.

Data drawn from the My Florida Regional Multiple Listing Service.

Because the payoff of a loan will be ‘shorted’ by a significant amount, the mortgage lender must approve a Short Sale. Handled properly, the likelihood of successfully selling your house as a Short Sale is high. Once the Short Sale is behind you, you can often get on with your life with hardly a backward glance.

A Short Sale is nothing more than putting your house up for sale in the usual manner, waiting for a qualified buyer just like any other home seller would, facing a few extra hurdles, filling out additional paperwork, waiting a bit longer for the closing to take place, and finally moving out and moving on.

Real benefits come with selling your house as a Short Sale. Among them are: 1) substantially reducing or completely eliminating financial liability, 2) minimizing damage to your credit rating, 3) emerging from bad credit quicker than you would with a foreclosure, and 4) having a sense of satisfaction that you’re taking care of the problem proactively and responsibly.

These statistics should give you a feel for what’s happening in the luxury segment of the Orlando FL real estate market.

Street	Date Sold	Original List Price	Sold Price	Beds	Baths	Sq Ft	Pool
MELANIE	10/30/09	$1,025,000	$417,000	4	4	4313	N
SHELL	10/28/09	$839,900	$767,350	4	3	3130	Y
BRIGHTWATER	10/20/09	$699,000	$590,000	4	4	3340	Y
VERSAILLES	10/15/09	$675,000	$503,400	5	3	3175	Y
LYNDALE	10/16/09	$609,900	$370,000	4	2	2303	Y

Properties have been listed and sold by various MLS members.

Data drawn from the My Florida Regional Multiple Listing Service.

A few tidbits of note ...

Homes listed above $500,000 often take longer to sell than properties priced at the lower end of the market. While many houses priced below $500,000 may take 6 or 7 months to sell, homes in upscale neighborhoods may take as much as 2 years to unload.

Keep in mind that some of these sales are for Short Sales or Foreclosed/Bank-Owned properties. Under these situations, the Sold Price may be considerably below the Original List Price. Sorry to say, ‘distressed’ sales drag down the values of all the other homes in the neighborhood, whether or not they’re Short Sales or Foreclosures. On the other hand ...

Steep discounts may NOT reflect a distressed situation. Just because a house sold for considerably less than original list price doesn’t necessarily mean it was a foreclosure or short sale property. Because luxury homes are often one-of-a-kind, it’s difficult to find comparable properties that will help in determining current market value. In the end, it’s a buyer — and not the seller — who determines the market value of a property.

What’s the long-term outlook for the Orlando FL real estate market? Prices have leveled off in recent months. Even so, due to rising unemployment and foreclosure/short sale saturation, it will probably take several years — perhaps as long as a decade or more — for home prices to completely recover.

What about homeowners who are having difficulty keeping up with mortgage payments but can’t sell because their house is worth less than the amount owed on their loan? There are several solutions, but the way a Realtor^® can help is by selling the house as a Short Sale.