One of the formulas used to calculate a selling price of a home is to compare the square foot value of the home to recent solds. A recent case involved a 2/2.5 town home. Subject town home 1534 sq. ft. Recent solds: 1602 sq. ft. sold for 240,999 and a 1713 sq. ft. sold for 274,000. Divide [...]
Foreclosures are increasing and will have an impact on housing values in Florida. Banks are pricing the homes they have placed back on the market after foreclosure at affordable prices in order to move them quickly. These sales will be comparables that appraisers will use for future sales. In select markets, this will act to [...]
Florida Association of Realtors report that home foreclosures increased in August.
Florida Market Analysis will provide current information for those interested in Florida home values in Central Florida, especially those homes in the Osceola, Seminole, Volusia, Orange, Polk and Lake Counties. We will highlight homes that have sold, compare sold prices in neighborhoods and communities and discuss the latest news and opinions of the real estate [...]