The following are the market sales statistics for Longwood, Seminole County, Florida for January 2008. Longwood is made up of the zip codes of 32779 & 32750. For purposes of this analysis we are not only splitting the data according to zip codes, but also single-family homes vs, condominiums, townhomes and villas.
32779 - Single-Family Homes
17 homes sold during the month of January.
The average sales price, which is the total sold volume divided by the number of homes sold is $820,118.
The median sales price, which means that 50% of the homes sold for more and 50% of the homes sold for less, is $811,000.
The most expensive home sold for $2,350,000 and was on the market for 10 days. It was a 6 bedroom, 6 bath and 2 half baths in a 7226sf home with a 3-car garage, a heated swimming pool and spa built in 2005 on .57 acres of land with golf frontage in a guarded and gated community with a game room, home theater, custom cabinetry and hand-distressed wood floors. HOA is $572.36 quarterly.
The least expensive home sold for $239,000 after 48 days on the market. It was a 5 bedroom, 2 bath, 2-car garage home with 2356sf built in 1974, with an in-ground pool and a HOA of $385/annually.
The average sales price for the same period a year earlier was $531,269.
32779 - Condos, Townhomes & Villas
3 homes sold
The average sales price was $163,933.
The median sales price was $141,000.
The most expensive sold for $222,000 and was on the market for 165 days. It was a 3 bedroom, 2½ bath townhome with a 2-car garage in 1438sf built in 2005 in a gated community with corian counters, tile and carpet with a monthly maintenance of $227.
The least expensive sold for $128,000 and was on the market for 88days. It was a ground floor 2 bedroom, 2 bath condo with a 1-car carport in 1143sf built in 1974 in a guarded community, with an updated kitchen and corian counters. The community offers natural spring, sand beach, clubhouse, health spa, pools, tennis courts and walking trails. The annual association fee is $1182.78 with a monthly maintenance of $240.
The average sales price a year earlier was $210,000.
32750 - Single Family Homes
11 homes sold
The average sales price was $244,582.
The median sales price was $230,000.
The most expensive home sold for $375,000 in 138 days. It was a 4 bedroom, 3 bath, 2 car-garage home with 2885sf built in 1971 in pre-foreclosure across from a golf course with a pool, parquet floors, fireplace, guest suite, golf cart with an optional HOA.
The least expensive home sold for $170,000 in 90 days. It was a 3 bedroom, 2 bath home with a 2-car garage in 1240sf built in 1980 sold as a short sale with a fenced backyard, gazebo and no HOA.
The average sales price a year earlier was $258,288.
32750 - Condos, Townhomes & Villas
There were no condos, villas or townhomes sold in January in 32750.
The average sales price of a year earlier was $116,000.
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.
To learn more about Marc and the services he has to offer, visit his profile & website.
Marc Grossman, GRI - http://www.OrlandoHomes-4u.com/ - 407-463-1034
Marc donates 10% of his net proceeds to Hospice of the Comforter.
Hi, Marc,
Pretty maps. Have you noticed less comments on the localism posts latelya? I think mine are invisible!!! Hope you get lots of results... the kind you can take to the bank!
Marc,
Good point! I was just wondering if there was some crazy thing going on with my localism button! Thanks for being encouraging and keeping me on track! And your localism posts are really nice. Good job.
Hi Marc! Mwa!!!
Jan - No problem - anytime.
Jenn - Back at you! You're just too sweet. Are you going to Bloggers Connect in July. Oh geez, wait, Im going to be visiting family in Banks - duh!
Marc-
The last little bit here (the ZERO condos sold in January) is actually pretty telling. With condos needing at least 10% (probably more starting in March) down as a purchase, the already hurting condo market is going to really be decimated. Are you taking condo listings (not luxury condos--those don't completely seem to be hurting yet) or only FHA-approved condo listings? I'm considering taking a condo listing that's in an FHA-approved community, as long as they go along with my pricing. I was about to the point of not taking any non-FHA-approved condos but got a call just yesterday from an owner that basically said he'd do whatever it takes to sell (he doesn't really owe a mortgage on the property) and is willing to do a Seller-held second on the property. I'm still thinking about it but I'll probably do it, again--only if the price is what I would suggest.
But it's good to see that homes are still selling. ;)
I appreciate graphs and illustrations, too. Wow, you guys seem to have an awful lot of lakes in your area. That's what those blue spots are, right? I thought Minnesota was the land of ten thousand lakes, OK, that's controversial and I hear there are more, but Florida, yowza!