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Sales Stats for Emerald Forest in 2008

August 1st, 2008 · 2 Comments

Emerald Forest has been a popular community in Dr. Phillips since its inception in 1995. All of the homes were built by Engle Homes and feature paver driveways.

I still haven’t decided if like the mix of some of the homes having a tile roof and some not after all these years. Call it one of those weird personal preferences, but I think you go all tile or all shingle.

Either way, it’s a nice choice for homes under $500,000 in Dr. Phillips. Square footages here average around 3,000 which should be plenty for most needs.

Nine sales have taken place in 2008 with prices ranging from $397,000 to $532,500. The average price was $476,700 and the average price per square foot at $158. The median price per square foot was $173.43.

It took an average of 154 days to sell these properties, and that’s not too shabby for this market.

details: 9 Sales in 2008 for Emerald Forest

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Tags: Market Statistics by Neighborhood

2 responses so far ↓

  • 1 Azran // Aug 1, 2008 at 1:17 pm

    The Real Estate Market Starts Climing Again

    During the past couple of years we’ve all seen a tremendous change in real estate in the country.
    This change actually has spread all over, businesses loosing money while gas prices are extremely high.

    The real estate market has become a big issue for all of us out there, we’ve seen many homeowners loosing their homes and struggling to find a home to rent because of their credit.

    What happen to us?
    Remember the bubble 4 years ago?

    That’s exactly the answer, from years of prosperity and times of spending, traveling and investing in stocks and real estate, we are now experiencing another bubble but this time the bubble is going in a different direction and we are wondering what to do.

    So real estate was going down and it’s still going down, some economists say that it will get stable in 2 years from now.

    The sellers market became a buyers market, and today we all know it by now.
    Investors and renters that saved their money for better days to buy to make money are in the market today, that’s making the real estate market busy.

    Real estate agents that learn how to change with the market also learned how to make money from the changes, these real estate professionals are making lots of money and while we are all struggling for business they’re making the business.

    Today you can get a home directly from the banks for almost half the price.
    I’ve seen homeowners that are so desperate that they’re willing to give their homes for free, just come and take their loan and continue their payments.

    On the other hand, investors are looking to buy homes in bulk, they can get homes $.50 on the dollar.

    Some banks like bank of america and countrywide are selling hundreds of homes in bulk to investors at a discount prices.

    So real estate agents are busy getting hundreds of listings and reo’s from banks, then they’re selling these homes at a low price to future homeowners and investors.

    It’s definitely a buyer’s market like we had in the early 90’s, so if you’re an investor or a homeowner.
    This is your time!

  • 2 Property in Brazil // Aug 5, 2008 at 8:09 am

    I agree to Azran that this is the buyers market. They get the homes form banks at half and then sell them. But the real problem is with the homeowners who are not getting any sort of compensation there. They want to sell their home but how? The banks are taking them at very low and so the sellers. They even can’t get the homes for rent there due to this great mismatch in the market.

    So real estate agents are busy getting hundreds of listings and reo’s from banks, then they’re selling these homes at a low price to future homeowners and investors.