What's Selling | Baldwin Park

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WHAT’S SELLING Closed transactions in Baldwin Park ® | May 2009

description

New Broad Street Realty's analysis of closed sales in Baldwin Park in May 2009. Includes photographs, property information and final sales price on home sales during the month of May and analysis of the real estate market.

Transcript of What's Selling | Baldwin Park

Page 1: What's Selling | Baldwin Park

WHAT’s SELLINGClosed transactions in Baldwin Park® | May 2009

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2497 Lake Baldwin Lane5,225 sf / 5 beds / 4+ baths

Sold Price: $804,000

3912 Lower Park Road4,138 sf / 5 beds / 4.5 baths

Sold Price: $655,000

5180 Dorwin Place3,672 sf / 4 beds / 3.5 baths

Sold Price: $540,000

5175 Dorwin Place3,385 sf / 4 beds / 3.5 baths

Sold Price: $520,000

3603 Ethan Lane2,748 sf / 3 beds / 2.5 baths

Sold Price: $475,000

2717 Stanfield Avenue2,295 sf / 3 beds / 3 baths

Sold Price: $409,000

2976 Lindale Avenue2,230 sf / 3 beds / 2.5 baths

Sold Price: $391,000

5432 Penway Drive1,966 sf / 4 beds / 2.5 baths

Sold Price: $355,990

1845 Common Way Road #1031,668 sf / 3 beds / 2 baths

Sold Price: $283,400

5464 Penway Drive2,538 sf / 4 beds / 3.5 baths

Sold Price: $365,000

4086 Markham Place2,291 sf / 3 beds / 2.5 baths

Sold Price: $306,750

4407 Ethan Lane #1021,392 sf / 2 beds / 2 baths

Sold Price: $283,400

1040 Lake Baldwin Lane1,938 sf / 3 beds / 2.5 baths

Sold Price: $260,000

4351 Anson Lane #2051,434 sf / 3 beds / 2 baths

Sold Price: $205,000

4415 Ethan Lane #2071,226 sf / 2 beds / 2 baths

Sold Price: $195,000

4351 Anson Lane #3041,374 sf / 2 beds / 2 baths

Sold Price: $170,000

4250 Corrine Drive #2041,374 sf / 3 beds / 2 baths

Sold Price: $175,000

4281 Anissa Ave #2031,434 sf / 3 beds / 2 baths

Sold Price: $185,000

May 2009 Baldwin Park

Sales

1659 Common Way Road2,310 sf / 3 beds / 3.5 baths

Sold Price: $249,000

Source: Mid-Florida Regional MLS. Information is deemed reliable but not guaranteed.

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www.2203Snow.com4,697 sf / 4 beds / 3.5 baths

$2,150,000

www.4673Anson.com3,105 sf / 4 beds / 3.5 baths

$499,000

www.3971Haws.com3,104 sf / 4 beds / 3.5 baths

$495,000

www.5364Penway.com1,998 sf / 3 beds / 2.5 baths

$399,000

May sales in Baldwin Park rise 90%.During May 2009, 19 home sales closed in Baldwin Park, a 90% increase over the same period in 2008. The average sales price was $359,344, an 18.5% decrease from May 2008, attributable in part to the sale of 7 condominiums, one of the most affordable home types in Baldwin Park. There were no condo sales recorded in May of the previous year. Condominiums have been extremely popular with buyers due to the $8,000 First-Time Homebuyer Tax Credit.

It took, on average, 193 days (approximately 6.5 months) to sell a home in Baldwin Park based on May closings. Comparatively, it took 259 days (approximately 8.5 months) to sell a home in Winter Park.

In addition to the 19 homes that sold in May, an additional 62 homes are currently Under Contract and should close in coming months. As of June 1, only 101 homes were on the market in Baldwin Park. This is a 40% decrease from Baldwin Park’s peak inventory last summer.

Baldwin Park continues to set sales records throughout Metro Orlando. The May 29, 2009 issue of the Orlando Business Journal cited Baldwin Park as the “Largest residential development in east Orange County” based on courthouse recorded closings in 2008.

And, for the second consecutive month, New Broad Street Realty held the #1 market share in Baldwin Park, based on total volume of listings and sales. Our year-to-date volume of $8.3 million equals that of the next three top offices combined.

If you’re considering buying or selling a home in Baldwin Park, you owe it to yourself to interview a Realtor® from New Broad Street Realty. Our team has unparalleled knowledge of the neighborhood, and a proven track record for results. Give us a call or stop by our office in the Village Center. We’re open 7 days a week.

New Baldwin Park

Listings

New Broad Street® Realty407.529.3800 | NewBroadStreetRealty.com

4926 New Broad Street Orlando, Florida 32814

Open 10 - 6, Tuesday - Saturday Open 12 - 6, Sunday and Monday

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©2009 New Broad Street Realty, LLC. Licensed Real Estate Broker. Price and availability subject to change. If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully. Transaction data and statistics provided by Mid-Florida Regional MLS. Information is deemed reliable but not guaranteed. ® New Broad Street is a registered service mark of New Broad Street Management, LLC. Baldwin Park is a registered service mark of Orlando NTC Partners, a joint venture d/b/a Baldwin Park Development Company.

New Broad Street Realty4926 New Broad StreetOrlando, Florida 32814407.529.3800 | NewBroadStreetRealty.com