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October 29th, 2009 9:16 AM by David W. Welch
Baldwin Park ranging in price from $431,300 to $714,900. So far this month there have been 27 contracts written on two condos, one townhome and 24 single family homes. The prices have ranged from $210,000 to $799,000 with a median list price of $449,900. Currently, there are 99 active listings in Baldwin Park and 62 pending sales with 151 closed so far this year. The median list price of the active listings is $437,500. The properties receiving contracts have a median list price of $349,500 while the closed sales have posted a median sales price of $332,000 on a list price of $359,900. The most recent month seems to be bucking the trend for the year with a median list price $80,000 and $90,000 higher than closed sales and pending sales thus far.
Overall that does not appear to be the case. Orlando Realtors have written 3,516 new contracts in October that are still pending (3,337) or closed (179). Of these only 943 or 27% are "normal" sales with bank owned accounting for 34% or 1,183 contracts and the remaining 1,392 almost 40% categorized as short sales. The median list price of the contracts this month is down around $117,900 which is far below the median sales price of $129,900 so far this month. This is probably in part due to the last big push by first time home buyers to take advantage of the tax credit expiring at the end of next month.
Orlando Real Estate, David Welch Real Estate Optimist