College Park Housing Report – February 2016
College Park is a quiet, well-maintained, gated neighborhood on the east side of the Clermont real estate market. It features 3 and 4 bedroom homes in zip code 34711.
The community features common areas such as a playground, a park and walking areas.
There are 247 homes built from 2002 through 2005 in College Park.
In this report, we will look at average home prices, average home values, and average home sizes in College Park.
College Park Home Prices
For the 2 real estate graphs found in this report, you will find the number of closed home sales for each year (green columns, measured on the left vertical axis), and an important real estate statistic shown in blue (measured on the right vertical axis. The information that we provide is current through the first few days of February 2016.
Average home prices have shot up approximately 60% since prices bottomed at an average price of $155,456 in 2011. The average recorded sales price is $234,333 for College Park homes thus far in 2016, which is still approximately 30% lower than home prices at the peak of the market in 2006 when College Park homes sold at an average price of $331,143.
Home sales activity this year appears to be on par with what we have seen over the past nine years, but a little below the levels recorded during the most active year in 2011 when 20 homes sold. There were 18 closed home sales in College Park in 2015. Thus far in 2016, there have been 4 closed home sales.
College Park Home Values
Average home values in College Park rose nearly 10% in 2015, but are showing a 2% drop in value thus far in 2016.
Through the first week in February, the average value of a pool home sold in College Park has been from $121 to $135 per square foot. Homes without a pool are selling for approximately $109 per square foot.
College Park Home Sizes
The average home size sold in College Park typically falls in a range of 1,700 to 2,300 square feet, with a few homes as large as 2800 square feet. The 4 sales in the last year have averaged around 2000 square feet.
Homes for Sale in College Park
If you would like to have information on a home for sale in College Park, please visit TeamCooperHomes.com. I’m also available 24 hours a day at 352-874-5764 or by email at TeamCooperHomes@gmail.com.