You may be hearing in the news about the increase in closed and pending sales across the country. Such great news! Here in Orlando there are 4,906 pending sales, more than double from the same time last year!! Although more people are jumping into the market, prices continue to come down. In Orlando the median sales price has dropped approximately 37% from March '08 to March '09, to $137,000.

Here in College Park the median sales price so far this year is $203,306.
In the industry the talk is that we won't hit bottom until we reach 2003-2004 prices. For the entire year of 2004, the median sales price was $222,000 and in 2003 it was $191,000. It appears that "the experts" know what they're talking about. I hope (and pray) that we are inching closer to some stabilization.

Average rates on a 30 yr. fixed have gone up to 5.375% on a 30 yr. fixed and 5% on a 15 yr.

CLOSED SALES: 4/13/2009 - 4/20/2009

2305 EDGEWATER DR #1723: 2/2 - 1,115 sq/ft - $265,000 (The Wellesley)
1124 W YALE ST: 3/3 - 2,234 sq/ft - $433,000
1021 ATKINS PL: 3/2/1 - 1,758 sq/ft - $282,000
1311 W HARVARD ST: 3/2 - 1,664 sq/ft - $186,111 *BO
2520 HARRISON AVE: 2/2 - 1,226 sq/ft - $192,000
4155 SHORECREST DR: 3/2 - 1,400 sq/ft - $192,000
*BO = Bank Owned

OTHER MARKET ACTIVITY: 4/13/2009 - 4/20/2009
New Listings: 12
Pending Sales: 8
Price Reductions: 19

PRESENTLY ON THE MARKET: 4/21/2009
Active Listings: 284
Under 100K: 7
100K - 199,999: 63
200K - 299,999: 80
300K - 399,999: 47
400K - 499,999: 18
500K - 599,999: 17
600K - 699,999: 20
700K - 799,999: 7
800K - 899,999: 8
900K - 999,999: 5
Over $1,000,000: 12
Total Pending Sales: 35

The above numbers come from single family homes and condos listed in the MLS in the 32804 zip code. Please contact me for more specific information, or for statistics on commercial property or vacant land.