Baldwin Park, Orlando Florida-
Real estate is highly localized. One neighborhood in Orlando can easily outperform another neighborhood within close proximity. Baldwin Park, located near the heart of Orlando, appears to be stabilizing and, in fact, prices have been increasing since May of 2011. The following data extracted from the Mid-Florida MLS for the past 24 Months (report date Sept 1, 2011) show that home prices are on the rise in Baldwin Park.
The latest numbers show a median price for the end of July 2011 of $465,000, the highest in the past 24 months. The bottom was reached back in January of 2011 at a median price of $305,000.
The following graphs and chart provides a visual representation of what the real estate market has done in Baldwin Park in the past 24 months. The blue columns display the number of active listings for each month. The graph lines show the absorption rate (in yellow) and the months' supply (in red) relative to the number of active listings.
 |
| Inventory Baldwin Park- past 24 months (report date Sept 1, 2011) |
Active Listings | ||||||
|---|---|---|---|---|---|---|
| Month | Count | Median Price | DOM | Absorption | Months Supply | |
| 8/2009 | 162 | $399,450 | 113 | 0 | (0 %) | 0 |
| 9/2009 | 162 | $399,900 | 108 | 0 | (0 %) | 0 |
| 10/2009 | 167 | $399,900 | 103 | 0 | (0 %) | 0 |
| 11/2009 | 157 | $389,000 | 122 | 15.17 | (9.66 %) | 10.4 |
| 12/2009 | 145 | $360,000 | 136 | 15.83 | (10.92 %) | 9.2 |
| 1/2010 | 150 | $350,000 | 143 | 15.58 | (10.39 %) | 9.6 |
| 2/2010 | 146 | $349,950 | 143 | 15.25 | (10.45 %) | 9.6 |
| 3/2010 | 150 | $327,000 | 116 | 15.42 | (10.28 %) | 9.7 |
| 4/2010 | 146 | $315,000 | 106 | 16.42 | (11.24 %) | 8.9 |
| 5/2010 | 128 | $312,500 | 102 | 16.92 | (13.22 %) | 7.6 |
| 6/2010 | 120 | $312,500 | 119 | 17 | (14.17 %) | 7.1 |
| 7/2010 | 122 | $307,500 | 117 | 17 | (13.93 %) | 7.2 |
| 8/2010 | 122 | $309,950 | 126 | 16.67 | (13.66 %) | 7.3 |
| 9/2010 | 111 | $342,000 | 120 | 16.17 | (14.56 %) | 6.9 |
| 10/2010 | 100 | $313,669 | 114 | 16.42 | (16.42 %) | 6.1 |
| 11/2010 | 85 | $300,000 | 113 | 16.25 | (19.12 %) | 5.2 |
| 12/2010 | 98 | $310,000 | 108 | 15.92 | (16.24 %) | 6.2 |
| 1/2011 | 85 | $305,000 | 71 | 16.5 | (19.41 %) | 5.2 |
| 2/2011 | 85 | $325,590 | 81 | 16.17 | (19.02 %) | 5.3 |
| 3/2011 | 88 | $325,000 | 86 | 16.33 | (18.56 %) | 5.4 |
| 4/2011 | 84 | $327,000 | 89 | 15.92 | (18.95 %) | 5.3 |
| 5/2011 | 81 | $399,000 | 89 | 14.83 | (18.31 %) | 5.5 |
| 6/2011 | 73 | $399,900 | 98 | 14.42 | (19.75 %) | 5.1 |
| 7/2011 | 69 | $465,000 | 73 | 14.17 | (20.53 %) | 4.9 |
Notes:
DOM: Median Days On Market
Months Supply: The number of months it would take to clear the market if no more houses were listed based on a 12-month rolling average of sales rates
Absorption: Average number of properties sold per month based on 12-month rolling average, both as count and percent of active supply.
Source: Mid-Florida MLS
