The 2010 real estate sales numbers for the 32819 zip code in Dr. Phillips are unfortunately a little worse. Home sales are down 30% with only 47 sales in December 2010 compared to 68 sales in December 2009.
Popular communities in this zip code in Dr. Phillips include: Bay Hill, Orange Tree, Torey Pines, Kensington Park, Palm Lake, and Hidden Springs.
The good news is that the inventory is low with 6.8 months and 318 homes for sale, although it is showing an upward trend. The absorption rate is 14.8%.
The average listing price of homes for sale currently stands at $435,000 and the average sale price currently stands at $180,000. Hmmm… I wonder which type of homes are selling here. Obviously the homes below $200,000.
Seller received on an average of 94% of the asking price and the average days on market is 100 days.
Hopefully, things will pick up for 2011.
There’s more stats for other zip codes in SW Orlando to come so keep checking back or subscribe via rss.