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Wednesday, October 5, 2011

College Park-Orlando Neighborhood --A 24 Month Real Estate Market Overview

How is the College Park real estate market in Orlando faring? A two year market overview shows that college park inventory is declining and sold prices show variability month to month in the 32804 zipcode , the area that includes College Park.

Sold listings in College Park (Orlando Neighborhood) for the past 24 months




Sold Listings
Month            Count           Median Price         DOM
9/2009 23 $174,900 90
10/2009 17 $165,000 130
11/2009 16 $208,500 145
12/2009 27 $160,000 94
1/2010 14 $139,250 196
2/2010 11 $181,000 133
3/2010 21 $245,000 114
4/2010 32 $176,000 106
5/2010 26 $162,500 88
6/2010 31 $180,000 112
7/2010 18 $145,000 155
8/2010 22 $161,250 129
9/2010 30 $125,000 118
10/2010 23 $174,900 119
11/2010 22 $155,000 146
12/2010 26 $206,000 111
1/2011 15 $137,100 108
2/2011 24 $137,500 131
3/2011 27 $157,500 118
4/2011 28 $190,850 112
5/2011 27 $138,280 204
6/2011 25 $177,000 87
7/2011 17 $165,500 98
8/2011 36 $179,500 109

Notes:
DOM: Median Days On Market

The following data extracted from the Mid-Florida MLS for the past 24 Months (report date October 5, 2011) . The following graphs and chart provides a visual representation of what the real estate market has done in College 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.

Real Estate Inventory for the past 24 Months in 32804 (College Park)



.
MonthCountMedian PriceDOMAbsorptionMonths Supply
9/2009 338 $239,900 128 16 (4.73 %) 21.1
10/2009 345 $240,000 122 16 (4.64 %) 21.6
11/2009 343 $239,900 132 16.25 (4.74 %) 21.1
12/2009 336 $240,579 144 16.75 (4.99 %) 20.1
1/2010 334 $239,450 138 17.33 (5.19 %) 19.3
2/2010 331 $229,900 126 17.58 (5.31 %) 18.8
3/2010 350 $224,950 127 18.25 (5.21 %) 19.2
4/2010 348 $228,950 106 19.5 (5.6 %) 17.8
5/2010 332 $226,950 112 20.42 (6.15 %) 16.3
6/2010 327 $228,900 118 21.17 (6.47 %) 15.4
7/2010 342 $229,000 122 20.75 (6.07 %) 16.5
8/2010 335 $229,900 127 21.5 (6.42 %) 15.6
9/2010 331 $229,000 125 22.08 (6.67 %) 15
10/2010 316 $225,000 132 22.58 (7.15 %) 14
11/2010 296 $215,000 146 23.08 (7.8 %) 12.8
12/2010 285 $220,000 152 23 (8.07 %) 12.4
1/2011 279 $224,000 141 23.08 (8.27 %) 12.1
2/2011 258 $239,000 152 24.17 (9.37 %) 10.7
3/2011 282 $227,500 142 24.67 (8.75 %) 11.4
4/2011 263 $225,000 139 24.33 (9.25 %) 10.8
5/2011 276 $219,950 107 24.42 (8.85 %) 11.3
6/2011 250 $239,000 116 23.92 (9.57 %) 10.5
7/2011 246 $236,750 123 23.83 (9.69 %) 10.3
8/2011 224 $249,000 121 25 (11.16 %) 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.

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