Below I have a few Charts showing Sales trends for Longwood.


General Sales Trend for Longwood's Non-Custom Homes. 

Year All Non Custom Homes Sales / No. of Sales % Change
2010 84.42 / 63 ↑1%
2009 83.72 / 75 Same
2008 83.99 / 78 ↑1.6%
2007 82.66 / 96 ↑3.6%
2006 79.77 / 116  

Generally Longwood has shown Growth. Data I used were sales of All Longwood homes that were not Custom or Patio Homes.  This data does include 1 and 2 story, Pool and no Pools, also included are any Short Sales or Foreclosures, which have been very few.


Price Trends with Size of Home, with Pools and without Pools

Year ALL SALES Sq.Ft.Avg  / No. of sales   1 story  / No. of sales   less than 3,000 sq.ft., No Pool  / No. of sales   less than 3,000 sq.ft., With Pool  / No. of sales   3000 - 3600 sq.ft., No Pool  / No. of sales   3000 - 3600 sq.ft., With Pool  / No. of sales  
2010 $85.29  / 68 same 90.9  /  27 ↑2.7% 77.08  /  8 ↓.5% 85.75  /  7 ↓ 4% 76.68  /  13 ↓ 4% 89.28  /  4 ↓ 3%
2009 $85.36  / 83 ↓.5% 88.49  /  33 ↑2.3% 77.57  /  19 ↓.4% 89.76  /  4 ↑ 2% 79.9  /  10 ↓ .01% 92.24  /  5 ↑ 2.3%
2008 $90.05  /  88 ↑.2% 86.46  / 33 ↑1% 80.81  /  15 ↑1.5% 87.94  /  5 ↑ .5% 80.28  /  9 ↑ 3.5% 90.16  /  8 ↑ 3%
2007 $88.27  /  107 ↑4.5% 85.5  /  49 ↓.1% 79.60  /  19 ↑7.6% 83.89  /  9 ↓ .1% 77.64  /  11 same 87.46  /  10 ↑ 4%
2006 $84.47  / 134 5.8% $86.31  /  41 ↑3.5% 73.96  /  21   84.67  /  11   77.97  /  27   84.32  /  9  
2005 $79.79/133   $83.36 / 50                  
Although this chart breaks homes down into a bit more detailed groups, it is hard to give a particular home a valuation based on this data.  many factors effect price of home;

How many homes sold that year as compared to others also effects this chart. Sometimes comparable sales may have more Corporate Relocations, Short Sales or just homes Priced below Market.

In Short, if you are interested in selling or refinancing, have you home evaluated for it's selling points.  If you are thinking about making Updates, send us an email or call and we can help you with which ones give the most return on your dollar when it does come time to sell.


Chart Showing spread of Homes from Low Price per sq.ft. to Highest per year.

Under 3,000 sq.ft. , 2 Story, No Pools Low High Percent Spread
2006 $62.95 $92.21 146.48%
2007 $63.14 $89.82 142.26%
2008 $71.90 $87.26 121.36%
2009 $60.26 $87.67 145.49%
2010 $63.07 $85.81 136.06%
       
Under 3,000 sq.ft. , 2 Story, With Pools      
2006 $75.08 $96.15 128.06%
2007 $73.56 $98.08 133.33%
2008 $77.60 $96.51 124.37%
2009 $86.14 $97.34 113.00%
2010 $78.72 $93.54 118.83%
       
3,000 - 3,600 sq.ft. , 2 Story, No Pools      
2006 $61.49 $84.40 137.26%
2007 $68.25 $85.92 125.89%
2008 $74.58 $83.19 111.54%
2009 $66.49 $89.23 134.20%
2010 $69.53 $86.62 124.58%
       
3,000 - 3,600 sq.ft. , 2 Story, With Pools      
2006 $68.45 $93.76 136.98%
2007 $77.57 $94.29 121.55%
2008 $83.66 $93.59 111.87%
2009 $83.90 $100.92 120.29%
2010 $81.14 $96.43 118.84%

Basically Updates will reflect in sales price of the home.  As Longwood Homes get a bit older, the ratio will be less. This is due to many of the homes in 2006 did not have Carpet or Flooring Updates while Most of them will in 2010. So the Spread will begin to decrease but it still quite a bit. 

In 2010 a $250,000 home had a spread of approx. 18% over homes without Updates.  A way to look at this is the 18% is about $29,500 so the cost of the Updates pays for themselves and makes your home sell faster.  A Win/Win and you get to enjoy the updates.

In Short, keeping your home well Maintained, Painted, and Updated will make your Home Sell Quicker.  Your home is in a Beauty Contest more than a Price War.