Sebring, FL Area Single Family Home December Recap

Single Family Homes Sold-102 (up from 85 in November)

Average Days on Market- 159

Median Sold Price- $86,500

Lowest Priced Single Family Home Sold: $24,600

Highest Priced Single Family Home Sold: $320,000

Foreclosures Sold- 28

Short Sales Sold- 32

Cash Transactions- 49

Single Family Homes Sold in Sebring: 53

Single Family Homes Sold in Lake Placid: 29

Single Family Homes Sold in Avon Park: 13

 

November Single Family Home Recap

Single Family Homes Sold: 85

Average Days on Market: 121

Median Sold Price: $78,000

Foreclosures Sold: 17

Short Sales Sold: 12

Single Family Homes Sold in Sebring: 47

Single Family Homes Sold in Lake Placid: 19

Single Family Homes Sold in Avon Park: 16

Single Family Homes Sold in the Middle of Nowhere: 3

Where is your single family dream home located?

http://www.sebringflhomes.com

 

 

Sebring area September Single Family Home Sales

Single Family Homes Sold: 90

Median Single Family Home Price: $82,500

Lowest Single Family Home Sold: $10,000

Highest Single Family Home Sold: $460,000

Average Days on Market: 174

Cash Transactions: 40

Foreclosures Sold: 18

Short Sales Sold: 21

May Recap

Residential Units Sold: 121

Single Family Units Sold: 100

Cash Transactions: 68

Average Days on Market: 162

Median Sold Price: $70,000

Foreclosures Sold: 30

Short Sales Sold: 14

Units Sold in Sebring: 68

Units Sold in Avon Park: 20

Units Sold in Lake Placid: 25

Want to know what has sold in your neighborhood?  Email us at kwsmartteam@gmail.com

www.sebringproperties.com

Golf Hammock Market Report

• Total number of homes for sale in Golf Hammock: 21
• Average Home Price: $193,291
• Lowest Home Price: $125,000
• Highest Home Price: $324,500
• Short Sales: 4
• Foreclosures: 0

Golf Hammock is a serene, deed-restricted, golfing community in Sebring, Florida located just east of Hammock Highlands State Park.  The community boasts a beautiful 18-hole golf course, a club house, and a restaurant.

Do you have more questions about Golf Hammock in Sebring?  Email us at kwsmartteam@gmail.com

Foreclosures, Foreclosures, Foreclosures

The magic word in real estate these days seems to be FORECLOSURE.  Foreclosures are great deals for home buyers, but they need to have realistic expectations.  The first thing that we ask buyers is: How much money do you want to put into the house?  Bank-owned properties are maintained, but may not be in impeccable condition.  Banks do not want to spend money on a property that they are trying to sell quickly.  Common issues with foreclosured homes that buyers may need to repair/replace:

Appliances

Landscaping/Yardwork

Plumbing Repairs

Drywall Repairs

Getting a Certificate of Occupancy

New Flooring

Extermination

As always, The KW Smart Team recommends that you get an inspection.  Most foreclosures do not have a seller’s disclosure therefore home buyers do not know what they are getting into.  An inspection will expose all potential issues with the property and then buyers can make a fully informed decision on whether or not to purchase that home.

Looking to invest in a Sebring foreclosure?  Email us at kwsmartteam@gmail.com

Sebring Inventory Report

Single Family Homes for Sale: 527

Single Family Pool Homes for Sale: 88

Median List Price: $129,900

Short Sales: 84

Foreclosures: 42

Low Price: $10,900

High Price: $1,650,000

Number of Homes for Sale Under $100,000 (the magic number): 189

Heartland MLS Inventory Report

The Heartland MLS covers Sebring, Avon Park, Lake Placid, Lorida and the surrounding area.

December Inventory Report:

New Listings: 139

Lowest Price Home: $19,900

Highest Price Home: $1,650,000

Average Home Price: $143,474

Number of Short Sales listed in December: 14

Number of Foreclosures Listed in December: 36

Number of Homes Sold: 121

What is going on with foreclosures in Sebring?

It has been an interesting week in real estate.  We received word that Bank of America is haulting foreclosure proceedings in Florida due to ‘questionable processes’ such as employees signing off on unread documents.   JP Morgan and GMAC have already haulted their foreclosure proceedings.  At first, we realtors didn’t believe it, but today The Smart Team got an email cancellation for a listing that we have with Bank of America.  All active, pending, and contingent properties are being taken off of the market.  This is highly unexpected and especially unfortunate for buyers with bilateral contracts.  The hault is expected to last at least 60 days.  This will allow banks to review their foreclosure process and ‘tighten up’ their procedures. 

• What does this mean for sellers?    It means less competition in the real estate market for you.
• What does this means for buyers?  It means less options.

In the third quarter 30% of the homes that sold in the Sebring area were foreclosures.  This will definitely shift our market in the short-term, but we still have motivated sellers, good deals, and short sales in Sebring.  Want to know more about what is happening with Sebring real estate?  Email us at kwsmartteam@gmail.com

www.sebringproperties.com

Sebring’s Dark Side of Real Estate

As a realtor, very few sites bother me anymore when I walk into a house.  When you deal with foreclosures you see a lot of messy things- garbage, insects, rodents, and even abandoned pets.  This market has created a lot of angry and bitter people.  Some have chosen to walk away from their house, but I will never understand what goes through someone’s head when they decide that a house is better off nearly destroyed.  This vandalism in a potential foreclosure listing was the most extensive that I’ve seen.  It is clear that the damage was very calculated and intentional.  Every wall in the house had been either kicked or bunched, black paint had been splattered on the walls and windows, the baseboards were missing, and all of the cabinets and countertops had either been removed or damaged. 

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