Curious what’s selling in Sanford? We’ve got the most important real estate market stats for Zip Codes 32771 and 32773 right here – and in simple and easy to digest format!
For those who want to dig deeper, scroll down all the way to download the complete sortable data spreadsheet!
But first things first.
How is the Market Doing?
Just as in previous months, we can confirm that May 2021 has been yet another active month!
Yet, the big question remains: will this trend continue? Will the demand remain strong thanks to the incredibly low mortgage rates? As we’re headed into summer during which we typically observe a more heated market, all signs point to prices continuing to rise.
The good news for Buyers is that interest rates, even though they have risen, seem to remain low for a little while longer! That means it’s all about being prepared and ready when that dream home pops up! While it’s not nice to be up against other buyers in a multiple offer situation, right now it’s worth to go all in. Because let’s face it, securing a fixed interest rate around 3% on a 30 year mortgage for example will allow you to buy a lot more home than whatever you could have gotten in previous years.
A note to prospective Sellers: give those buyers the homes!! If you have been on the fence about selling your home, we do believe that now would be an excellent time. If you’re curious what your home could sell for in today’s market, we will gladly provide you with a free home value estimate so you can make an informed decision.
GOOD NEWS FOR SELLERS WHO WANT TO MOVE UP (OR DOWNSIZE)
Thanks to a new Bridge Loan Program, Homeowners who want to move up but need to first sell their home are now able to compete as fully qualified Buyers in this real estate game (no more contingency offers that could get turned down!). If you are interested in this program, we are real estate agents certified in this program who can put you in touch with the right lender. Please contact us here and ask us about the details on this new Bridge Loan.
Be sure to check out our latest article in My Sanford Magazine Summer 2021 Edition!
So without further ado, let’s look at May’s real estate activity in Sanford…
Sanford’s latest Real Estate Numbers
In the month of May 2021, 174 homes sold on MLS. That’s 12 homes more than in April 2021. For comparison, in May 2020, only 84 homes sold on MLS – that’s less than half. Obviously, we need to keep in mind that at this time last year we were dealing with a slow market due to the lockdown and the uncertainties of the pandemic. We are, in fact, back to 2019 levels where 172 homes sold in the same month. We still see home values going strong, and homes that enter the market selling quickly due to the above mentioned still very low inventory and historically low interest rates.
Click here to view them all Sanford real estate sales on a map and find out more details about each home.
- The average sales price for homes (including Single Family Homes, Townhomes and Condos) sold in May 2021 in Sanford, FL was $355,259 (down from $363,049 in April 2021). For comparison, in May 2020 the average sales price was $291,036, so prices increased by a whopping 22% compared to the previous year!
- The average sold price per square foot was $172.81 (only slightly down from $173.57 last month).
- The average days on market were 23 days (down from 29 days last month).
- The lowest priced home in Sanford was a 1 bedroom 1 bathroom Single Family Home of 1,888 square feet. It sold for $70,000.
- The highest priced home in Sanford last month was a 6 bedrooms, 7 bathrooms Single Family Home of 4,196 Square Feet. It sold for $1,770,000.
As usual, please let us know if you have any questions or would like more information about any of these homes. Jose and I would love to help you with all your real estate needs. You can call or text us at 407-340-6458 or simply contact us here!
Look what’s pending in Sanford:
Let’s take a quick look at a home that is currently pending in Sanford. We LOVE this beautiful historic home – and it even comes with its own guest apartment… Check it out here!
For all our beloved real estate nerds (like us)…
Download the sortable spreadsheet here (Excel Format)
Meanwhile in Orlando…
And here a quick look at the overall real estate activity in Orlando this May…