The Fed’s latest rate decision should keep Florida mortgage rates low, and from the looks of the February 2009 home sales data, we could be in for a bit of a dust up come the end of March!
Though average home sale values have kept on the decline by about 24% as compared to last year’s numbers, the month of February showed encouraging results with increased home sales and prices since January.
Winter Haven, Florida Homes Sold Data – February 2009
Winter Haven’s median home prices remained unchanged for February at $98,000, but some good news is to be found in that average sales prices increased by 2.38% to $117,026. All told, total of 57 Winter Haven, Florida homes were sold in February – up 13 from the 44 homes sold in January.
It’s no surprise that foreclosures make up the majority of home sales. Currently, about 50% of homes for sale in our area are in foreclosure. With over 1,260 properties currently for sale and pending, we are experiencing a high absorption rate as it has been reported the previous month.
Distressed properties are homes in pre-foreclosure, foreclosure, bank-owned, or going through as short sales. Of the 57 homes sold last month here in Winter Haven, 29 of them were distressed, which sold for an average sales price of $97,762 ($52.49 per sq.ft.). At present, there are 254 distressed homes currently on the market.
Folks – if you’re looking for the right time to buy – NOW is the time. Match these homes up with the USDA Rural Development home loan program, an $8000 tax credit, and wow! You have yourself a pretty sweet deal!
Note: 101 homes are in pending status waiting for bank or lender approval to close.
Take a look at the spreadsheet below. I’ve separated the report by zip code instead of school zones; it gives you a more accurate report in my opinion. The data for this report was obtained from the Mid-Florida Regional MLS, it is deemed reliable but not guaranteed. This report does not include “For Sale By Owner.”
Winter Haven, Florida Homes Sold Market Report – February 2009
Winter Haven, Florida Homes Sold – February 2009
Interactive Map
For more information on the location of the Winter Haven, Florida homes sold, along with price and size of each home, click on the interactive Community Walk map below, which was created by Chuck Welch of MetroI4News.com.
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I hope you found this post useful! As always, if you or anyone you know is in need of a local Florida mortgage broker, I’m your guy. Call me at 863-604-3019 or apply online for your Florida mortgage. We’ll keep you posted and let you know when it’s time to pull the trigger!
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I remember when I purchased my first home back in 2000. It was a nice 3 bedroom house in Port St. Lucie, FL. I purchased my home for $83,000 back then, it’s amazing that we are at the same prices again today that we were almost a decade ago. I didn’t keep my home, I sold in 2002 for $135,000 because I moved. Such wonderful opportunities out there now for the Real Estate investor!
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