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

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

Short Sale Implications

The Smart Team often gets questions about the long-term implications of a short sale.  Unfortunately there are a lot of gray areas when it comes to short sales.  Here are the most asked questions: 

What will happen to my credit score?  During the short sale process your lender/s will report to the credit bureaus that you are late on your payments.  There is no way to tell how much your credit score will be affected.  However, your credit score will take a much bigger hit if your house goes into foreclosure.  

Will I have to pay taxes on the forgiven amount?  Generally if the home is your primary residence, you do not have to pay taxes on the unforgiven debt (some exceptions apply).  For the most accurate tax info, your best bet is to speak to your tax preparer. 

How hard will it be to get a loan in the future?  For at least 2-3 years (or possibly longer), it will be difficult. This includes car loans, home loans and credit cards.  Lenders are taking big hits these days and loan restrictions are much different than they were 4-5 years ago.  More than likely you will have to have a large down payment and your interest rate will be higher than you would expect when you go to buy.    

How long will it take the sale to close?  Short sales can take up to a year to close, but it depends on your lender/s.  Typically homes that only have one mortgage will take less time to close.  Also, smaller banks such as local or state banks process their paperwork much faster because they have a smaller workload than national banks. We have a short sale in process that is expected to close in 90 days from the contract date.  I would consider this quick in short sale terms.

Have other questions about a short sale?  Email us at kwsmartteam@gmail.com

4212 Elson Avenue, Sebring

Just listed!  This short sale in Sebring is priced to sell. Three bedrooms, two baths, vaulted ceilings, screened in porch.  Neutral paint and newer fans in the great room.  Give the carpet a bath and you’re all ready to move in to this bargain based priced home.