Welcome to my monthly Magnolia Plantation - Market Update for the month ending April, 2008.
One of my favorite Lake Mary communities is Magnolia Plantation. This guard gated community of 500 homes features natural surroundings and one of the areas most challenging golf courses. If you would like more information about Magnolia Plantation, please contact me.
There are currently 31 homes for sale in Magnolia Plantation starting in the mid $400's to over $1.5 million... The least expensive home listed at $459,900 with 4 bedrooms / 2 baths, 2,251 square feet and a pool.
There are 6 homes under contract and there were no homes sold in April.
Please click here for past Magnolia Plantation Market Updates:
April 11, 2008
March 6, 2008
February 7, 2008
(All sales information and data compiled from the Mid Florida Regional Multiple Listing Service)
If you have questions regarding the market report or would like to talk to us about buying or selling property, please feel free to call, email or instant message us through our website. We are here to help you with all of your real estate needs.
Considering a Move to Central Florida?
Do you want to Buy or Sell a home?
Please contact Cas and Debbie for all of your real estate needs in Seminole County, Lake Mary, Sanford, Longwood, Altamonte Springs, Casselberry, Winter Springs, Oviedo, Winter Park, Maitland, Apopka and Orlando.
407-758-1020 or Debbie@CasAndDebbie.com
Sanford is one of Seminole County's oldest communities with a beautiful lake side historic district to new gated luxury communities. Sanford continues to grow and evolve into a wonderful place to live and work. Minutes from downtown, less than an hour from the theme parks and the beaches... Sanford is a great choice if you are looking for a new community.
There are currently 870 homes for sale in Sanford. Sales are picking up in Sanford with 112 homes currently under contract and 47 closed sales in March, there were 62 sales reported in March... I'm not concerned that market in Sanford is moving in the wrong direction though, many of those sales were builder entries that didn't accurately represent the resale market. Rest assured, Sanford is moving in a positive direction with it's current sales.
With several new townhome communities with great prices and buyer incentives they are leading the way for sales. If you are interested in new communities in Sanford and all of Central Florida... please contact me.
Market Report - March 2008
If you want to know what's selling in Lake Mary... You've come to the right place.
As of today there are currently 555 homes (including condos) on the market in Lake Mary. 32 homes sold in Lake Mary in April. There are 74 homes under contract, the amount of contracts that have been written is continuing to increase and this is a great sign that the Lake Mary housing market is strengthening.
The market report for Seminole County indicates the market is strengthening County wide. I'm really starting to see that we have reached a point that the inventory is stabilizing and we might be making the turn upward in sales. I don't foresee any increase in values, but a stabilization of pricing is well within reach.
And this is what I said last month...
I know that everyone, is apprehensive to say that we may have reached the bottom of the market... but like I've said, we won't know until we are on our way back up. I continue to see homes enter the market at competitive prices and those homes go under contract quickly. I wrote a contract with a buyer for a home in Lake Mary last night that has only been on the market 8 days. Sellers please listen to your REALTOR's advice about the current market conditions and what your home's value is in today's market. There are buyers out there looking for homes that are price RIGHT.
Check back next month for more updates and stats...
Interested in reading past month's market reports for Lake Mary?
April 2008
March 2008
February 2008
Welcome back to my monthly real estate market update for Seminole County, Florida.
Last Month's Market Update (March) - I made the following analysis:
The question on everyone's mind is have we hit the bottom? it appears that we may have reached the bottom back in January and are now at a plateau. Am I sure that we have hit the bottom and that the market is stabilizing? No one will know when we have reached the bottom until we are on our way back up, but last months sales do look promising...
What are we seeing now?
We are seeing stability in the marketplace. Inventory is leveling off along with sales and the number of homes under contract are increasing. These factors seem to indicate that we have indeed reached the bottom of the market for now and we will see changes over the next few months. I'm optomistic that we will see positive changes during the summer buying season. Please check back next month for another update.
There are currently 4,816 homes (including condos) on the market in Seminole County. Which is a decrease of a little over a hundred homes from March.
There were 282 homes sold by REALTORS and documented in the MLS (Multiple Listing Service) in the month of April. There are 619 homes under contract.
Seminole County Homes Sales Flashback:
March 2008: 251 homes sold
February 2008: 208 homes sold
April 2007: 414
April 2006: 595
April 2005: 591
April 2004: 673
There are currently 917 homes for sale in Sanford. Sales are picking up in Sanford with 99 homes currently under contract and 60 closed sales in March, the outlook is getting brighter in this area.
Sanford Home Sales Flashback:
February Sales 2008: 31
January Sales 2008: 32
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