Alaqua Lake Homes sale in the first quarter of 2012 took a nose dive by 42% compared to 2011, from 7 sales in 2011 to 4 sales in 2012. Reason is unknown and certainly it is not due to a lack of housing inventory in Alaqua Lakes as there are 29 homes currently for sale and only 7 homes are pending. Alaqua Lakes real estate sales mirror the home sales trend in the greater Orlando area, it was equally as bleak as homes sales in Seminole and Orange county over 2011 declined by 12%.
The following homes sold in Alaqua Lakes in the first quarter of 2012
• 3216 Winding Pine Trl., Short Sale, 4 BR. 3.1 Bath, Pool Home, 770 ACDOM ,none golf
o Original asking price $999.000 Sold price $481,500, $146.44 per sq. ft
. • 3449 Ashton Oaks Cv., Short Sale, 4 BR. 3.1 Bath, Pool Home, 163 ACDOM, none golf
o Original asking price $799,000, sold price $585,000, $162.73 per sq. ft.
• 3438 Foxmeadow Ct., Traditional sale, 4 BR. 4.1 Bath Pool Home, 24 ACDOM, golf front
o Original asking price $1,024,900, sold price $940,000, $195.63 per sq. ft.
• 3516 Legacy Hills Ct., Short Sale , 4 BR. 4.1 Bath, Pool Home, 1161 ACDOM, golf front
o Original asking price $1,675,000, sold price $1,365,000, $205.00 per sq. ft.
ACDOM, means accumulated days on the market. This is a good indicator how long it takes to get short sales approved.
While a home may have had a contract within 30 days, it may take 2 years to get the bank to approve a short sale. A short sale is a process where a bank agrees to sell the home below the mortgage balance. For more information on short sales please go to Orlando Short Sales Realtor. There are 29 homes currently on the market in Alaqua Lakes, one is owned by the bank and 13 are short sales. Almost 50% of the Alaqua Lakes housing inventory is distressed and therfore points towards further decline in housing values, especially as home sales continue to slack, based on only 7 homes being in pending status. Pending means the homes currently have a contract and waiting for final approval to close. Home prices for the first quarter in Alaqua Lakes were a mixed bag as well, with the average sold price for 2012 being $842,875 and the 2011 price selling at $813,143. While 2012 shows a price increase on the average sales price per home, the per sq. ft. price actually declined from $187.30 to $177.54 in 2012, which represents a 5% decline. For a free and professional home valuation on your Alaqua Lakes homes please click here at Free Alaqua Lakes Home Valuation.
