Hojin's SW Orlando Real Estate Scoop

Real Estate News for Dr. Phillips, Windermere, Gotha, Celebration, Winter Garden, Ocoee, Clermont, Metrowest

Hojin's SW Orlando Real Estate Scoop header image 2

Real Estate Market Improving in Clermont

May 14th, 2008 · 3 Comments

The real estate market in zip code 34711, commonly known as Clermont show signs of improvement in 2008 with the number of sales steadily rising and the inventory decreasing. March 2008 saw 75 sales take place and the inventory of homes on the market currently stands at 20 months. Most of the surrounding areas have not seen that many sales and have much more inventory.

Perhaps the improvement is due to the drop in the average sales price. The average sales price is $245,000 at the moment. No one likes to see the value of their home go down but it is a necessary evil for the market to recover.

The good news is that the average price per square foot is on the rise and currently stands at $125 per foot. Go figure. Prices are down overall, but on the rise on a per square foot basis.

In either case, things are on the up and up for the real estate market in Clermont. I sure hope things stay this way at least through the end of summer.

Tags: Market Statistics by Zip Code

3 responses so far ↓

  • 1 Joe Bartolotta - The Upfront Mortgage Broker // May 15, 2008 at 9:46 pm

    Hojin,

    Let’s hope the numbers continue in the direction they are heading for more than a few months, how about a few years?!

    Let’s also hope that what is happening in Clermont starts spreading.

    Respectfully,
    Joe Bartolotta
    The Upfront Mortgage Broker

  • 2 Mary Andreason // Aug 12, 2008 at 6:52 pm

    It would be great to see that trend spread. I do hope those numbers continue for the long hall also. It makes it a great time to buy there. I have been looking a lot in that area and have been really happy with what I have seen. It’s a good place to buy if you are looking for something. I have used a site, http://www.propertymaps.com to find listings in that area and have found it really useful.

  • 3 Utah Dave // Mar 19, 2009 at 10:41 pm

    wow..is it still today? good graphs.