Market Report – Thornton Park Home Values on the Rise

Thornton Park 2In 2012 there were over 2000 home sales that took place within 5 miles of Downtown Orlando.  The median sales price of these homes increased from 2011 – 2012 and it seems the trend is continuing into the new year.  Each week for the next few weeks I’m going to show you how the  median price is on the rise in some of our favorite Downtown Orlando neighborhoods!

There were a few less home sales in Thornton Park in 2012 as compared to 2011.  However, the prices have gone up and continue to be on the rise.  From 2011 to 2012 the median price for the entire year increased 6%!  And  It took about half as long to sell a home in 2012 in this neighborhood than in 2011.

Things are looking up for 2013 with the current active and pending listings  (homes under contract) median sales price in the $350,000 range.  The days on the market for the pending listings is only 21 days.  If this trend continues we will see a huge year to year increase in the Thornton Park home values.

What does all this mean? 

Homes are selling quicker and for more money right now!  Don’t miss your chance to sell.  Contact us today to sell your Thornton Park home.

Kathryn@ThinkLiveBe.com

407-494-2820 direct

 

*This information is based on personal data I have gathered from the local MyFloridaRegional MLS system.  It is deemed reliable but not guaranteed. 
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