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Port Orange Florida Home Sales Market Analysis – 5/29/2012

ImageThe good the bad and the ugly.

Well, not much ugly here.

I looked at the average days on market for all areas of Port Orange (residential sales) from 2/1/2012 through 4/30/2012. i compared to the same time frame a year earlier.

TOTAL SALES – Overall sales of homes dropped by 3% from 215 sold in 2011 to 209 sold in 2012.  This means sales are pretty much stable.

PRICES – I looked at 3 bedroom homes for the time period. This was also pretty stable with a 3% drop. It went from $153K to $148K. Some neighborhoods have had an increase, but Port Orange as a whole is fairly flat.

Some of the best news is SUPPLY – We had an 11.6 month supply in 2011. That has dropped by 27% to 8.4 months.

If a property is priced properly – it will sell. Over half of all homes are selling in less than 90 days. (112/209). Days on market for sold homes is trending down.

SHOW ME THE MONEY – 47.8% are cash, 33.5% are conventional, 16% VA/FHA, 3% other.

If you want to sell your home on your timeline and for top dollar. Contact Lucy or me. We are the Hanner Team.

Phil & Lucy Hanner

Experienced Short Sales Agent

Accredited REO Agent™

www.findahomeinportorange.com

www.portorangeflhomesforsale.com

Keller Williams Realty Florida Partners

3510 S. Nova Road, Suite 112

Port Orange, FL 32129

Licensed Realtor

Cell: 386-214-7745  Lucy Cell: 386-214-6220

Fax: 386-944-2808

email: PHILHANNER@GMAIL.COM

  “Wait long. Strike fast.”

Member South Daytona/Port Orange Chamber of Commerce

Member Central Florida Realty Investors

May 29, 2012 Posted by | Uncategorized | , , , | Leave a comment