Largo Home Market Analysis - Orange Lake Village has mostly 2 and 3 bedroom Largo, FL homes and the average size is @900 sq. ft. You can still buy a home here for under $120,000. There are homes that approach 1300 sq ft in size by usually having enclosed an original front porch/carport area.
As experts focused on the Tampa Bay real estate market people are constantly asking us, "What's happening now?" so let me give you a 9 month trend analysis for these Orange Lake Village homes in Largo,FL . Currently their are 35 homes for sale. Sellers are asking anywhere from $119,900 to $224,000 for their homes.
When buying and selling real estate knowing what price home sellers are asking for is not as important as knowing what price homes in the area are CURRENTLY selling for.
If you want a Real Estate Report on selling your Clearwater/Largo/St Pete area homes, just ask us ~ we're happy to perform our FREE Pin Point Pricing Analysis for you. Just call or email me your Tampa Bay Real Estate Analysis request for the cities or neighborhoods that interest you Largo, Clearwater, The Gulf Beaches, St Pete, etc......
If we take a 9 month look at Orange Lake Park in Largo you find:
31 Homes sold over the last 9 months - about 3.5/month;
The Avg Home size was = 941 Sq ft;
It took 69 days on average to sell a property;
The highest price for a home sold for was $189,000;
The lowest price any home sold for ws $119,900;
The average price for a home in this neghborhood over the last 6 months was $147,000;
So now what's happened the last 3 months.......
In this market we've seen things slow significantly between November and February so let's take a look at what's been happening the last 3 months.
Only 6 Homes sold - with 35 Homes currently for sale in this neighborhood, like the Tampa Bay area, still remains a Buyer's market.
It makes sense that with more homes for sale it would take longer to sell - over the last 3 months is now taking an average of 99 days to sell a home in Orange Lake Village - this is 30% longer than 9 months ago. The Highest sale price has dropped $49,000 and now is $150,000, the good news is that the lowest price sold in the last 3 months was up from $119,900 to $131,000. When you average out the 6 sales the average home price dropped from $147,000 to $141,000 which is down 4%.
We do this kind of analysis on all properties we work with - whether working for the Homebuyers to purchase their dream home in the Tampa Bay area or listing property we take our role as your consultant seriously and will always provide you with our best analysis and input to assist you in making educated, empowered decisions because we are always focused on you and your goals ~ not buying or selling any one house.
If you know anyone thinking of buying or selling a home in the Tampa Bay area - we'd love to help them.
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