Orlando Real Estate News

Sanford & Orlando Florida Real Estate - Homes, Townhomes & Condos 

Sanford Florida Real Estate 
Market Update - November, 2007

Specializing in Sanford Real Estate, Orlando Real Estate, Orange County Real Estate and Seminole County Real Estate in Florida

The current real estate market in Sanford, just like the rest of Orlando and Central Florida, is favoring buyers.  Inventory is at all time highs and the number of sales each month is way down.  Prices have adjusted, time on market is up and sellers & home builders alike are offering great incentives to buy their homes.  Distressed properties, such as short-sales and foreclosures are becoming very common.  If you're currently in the market for a new home or investment property, now is the perfect time. 

We're seeing many investors and first time buyers alike wanting to take advantage of the many great deals out there.  Due to the lack of sales, most buyers are making low-ball offers in order to get the best deal possible.  Who can blame them?  Everyone loves a deal!  Just make sure you're working with a real estate agent who is knowledgeable and can help you avoid offending the seller, thus maximizing your chances of getting that deal.

Read Also: 
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Here is the brief synopsis of the entire Central Florida market:

Orlando Florida Real Estate Statistics

Average Days on Market (DOM):  115
This is UP from 74 DOM in November 2006

Sales Closed:  963
This is DOWN 47% from 1840 in November 2006

Current Listing Inventory:  26,172
This is UP from 21,122 in November 2006

When selling your Sanford, Florida home, you have to make sure you hire a competent real estate agent that will market your home aggressively and advise you on pricing your home effectively from the start.  For example, over 90% of all home buyers are shopping online.  This is where your real estate agent's efforts should be focused.  Your home should also be featured with a virtual tour and multiple photos, as most buyers won't even consider your home without knowing what the interior looks like.  We're not going to give away all our secrets here, so give us a call and we'll be happy to prepare a customized marketing plan for your home.

As you can see from the below data, the list price to sold price ratio remains fairly strong.  This is important to note, as most homebuyers are savvy and won't even consider overpriced listings.  The properties that are selling quickly are those that are marketed aggressively by competent real estate agent and are priced right from the start.  Those that are priced high will stay on the market until the price is brought in line with today's actual market value.

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Here are some important Sanford, Florida statistics to keep you in the loop!

Sanford Florida Real Estate Statistics 

Single Family Homes

Townhomes

Condos

Contact us today for information on Orlando and Sanford real estate, Orlando homes for sale, Orlando relocation information, a free market analysis of your Sanford or Orlando area home or statistics on homes in Sanford, Orlando Florida or the surrounding Central Florida area, including Seminole County, Orange County, Lake County and Volusia County. We're always available to answer questions.