Post by Admin on Oct 15, 2013 0:27:54 GMT -5
The author of this comparison has a special interest in "all things real estate" having been a salesperson for many years so I have been following SLR's sales.
Real Estate Update! This is a comparison of same selling seasons (Jan-May) in 2012 and 2013.
Gross unit sales are up significantly in 2013 over 2012 YAY! Out of 23 sales in 2013, 8 (almost 1/4) were very old singlewides and that lowered the neighborhood average. The corrected average sales price is a little over $42K when you factor out the 8 old singlewides. Overall, we should be pleased with the trend of sales in SLR.
HOMES 2013
1 5/30/2013 $47,000 Q I
2 5/17/2013 $10,000 Q I
3 5/17/2013 $23,000 Q I
4 5/15/2013 $73,500 Q I
5 5/6/2013 $24,000 Q I
6 4/30/2013 $54,000 Q I
7 4/25/2013 $88,000 Q I
8 4/13/2013 $37,000 Q I
9 4/12/2013 $15,000 Q I
10 4/9/2013 $10,000 Q I
11 4/8/2013 $10,000 Q I
12 4/8/2013 $41,000 Q I
13 3/29/2013 $10,000 Q I
14 3/27/2013 $16,000 Q I
15 3/22/2013 $12,000 Q I
16 3/22/2013 $38,000 Q I
17 3/22/2013 $80,000 Q I
18 3/19/2013 $25,000 Q I
19 3/6/2013 $13,500 Q I
20 2/27/2013 $35,000 Q I
21 2/15/2013 $46,000 Q I
22 2/12/2013 $26,000 Q I
23 1/17/2013 $40,000 Q I
Average House Sale Price: $33,652
EIGHT homes that sold with selling price under $20K were singlewide models between 1975 and 1979. One was a foreclosure resale teardown. One was reported as a $10K sale price but was obviously misreported (it was a 1995 doublewide)
LOTS 2013
1 4/30/2013 $28,000 Q V
2 3/8/2013 $30,000 Q V
3 3/4/2013 $23,000 Q V
Two lots waterfront, one lot waterview and purchased by as an adjacent lot to a SLR homeowner.
HOMES 2012
1 4/27/2012 $28,000 Q I
2 4/27/2012 $15,000 Q I
3 4/26/2012 $29,500 Q I
4 3/29/2012 $20,000 Q I
5 3/27/2012 $26,000 Q I
6 3/26/2012 $30,000 Q I
7 3/15/2012 $20,000 Q I
8 3/13/2012 $35,000 Q I
9 3/8/2012 $41,000 Q I
10 3/6/2012 $34,000 Q I
11 3/2/2012 $27,500 Q I
12 3/1/2012 $47,900 Q I
13 2/29/2012 $30,000 Q I
14 2/13/2012 $112,500 Q I
15 1/3/2012 $60,000 Q I
16 1/3/2012 $59,000 Q I
Average House Sale Price: $38,462
TWO homes sold under $20K were both singlewide models 1975 and one was waterfront.
LOTS 2012
1 5/18/2012 $40,000 Q V
2 3/22/2012 $30,500 Q V
3 3/22/2012 $31,000 Q V
All lots sold were waterfront.
Note: The "V" means Vacant (lot only), the "Q" means Qualified Sale which is "market" (as opposed to an administrative title change) and "I" means Improved (with a house).
____________________________________________________________________
A 1995 doublewide for $10,000.00? Wished I had known about that one! Where was that located?
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July 21, 2013
120 SS. That sales price was obviously wrong
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July 25, 2013
That is the wrong price as I remember the owner and the person who helped sell it say it went for something around $79,000.
______________________________________________________________________
Well someone may have inadvertantly underpaid tax due to Polk County. The doc stamp (on the deed) indicates that $70 was collected which would be the tax rate of $.70/$100 selling price ie $10,000.
IF the selling price was actually $79,000, the tax would have been $387.10.
________________________________________________________________
July 29, 2013
someone correct me if I'm wrong, but if tax is figured @ $.70 per $100 of value, then isn't the tax supposed to be $553? ($79,000 divided by 100 = 790 X .70 = $553)
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July 30, 2013
Yes.... $79,000 X .70 = $553.00 But maybe part of the sales price is exempt from taxes.
________________________________________________
July 31, 2013
Exempt from Taxes ? That's preposterous ! (:+O)
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August 8, 2013
Hmmmm...I just caught that phrase ie ...and the person who helped sell it...
I trust that person has an active real estate license to "help sell" and further, I hope that person, if unlicensed, did not collect any money for their effort or they could be in deep doodoo if a complaint is made.
It is one thing to unlock a neighbor's door to permit a potential buyer to see another person's property, but handling a real estate transaction for another person escalates "helping" to a state regulated level.
The tax underpayment is a side issue for the Tax Collector. However, real estate agents using the Property Appraiser database for market comparative data will note the error and report because it skews the neighborhood sales basis in a negative direction which lowers future listing prices (and sales commissions).
Florida Real Estate law is possibly the toughest in the nation about people representing property for sale that is not their own. It is highly pro-consumer and the penalties for violating FS475 are expensive.
475.42 Violations and penalties.—
(1) VIOLATIONS.—
(a) A person may not operate as a broker or sales associate without being the holder of a valid and current active license therefor. Any person who violates this paragraph commits a felony of the third degree, punishable as provided in s. 775.082 or s. 775.083, or, if a corporation, as provided in s. 775.083
_________________________________________________________________________
Real Estate Update! This is a comparison of same selling seasons (Jan-May) in 2012 and 2013.
Gross unit sales are up significantly in 2013 over 2012 YAY! Out of 23 sales in 2013, 8 (almost 1/4) were very old singlewides and that lowered the neighborhood average. The corrected average sales price is a little over $42K when you factor out the 8 old singlewides. Overall, we should be pleased with the trend of sales in SLR.
HOMES 2013
1 5/30/2013 $47,000 Q I
2 5/17/2013 $10,000 Q I
3 5/17/2013 $23,000 Q I
4 5/15/2013 $73,500 Q I
5 5/6/2013 $24,000 Q I
6 4/30/2013 $54,000 Q I
7 4/25/2013 $88,000 Q I
8 4/13/2013 $37,000 Q I
9 4/12/2013 $15,000 Q I
10 4/9/2013 $10,000 Q I
11 4/8/2013 $10,000 Q I
12 4/8/2013 $41,000 Q I
13 3/29/2013 $10,000 Q I
14 3/27/2013 $16,000 Q I
15 3/22/2013 $12,000 Q I
16 3/22/2013 $38,000 Q I
17 3/22/2013 $80,000 Q I
18 3/19/2013 $25,000 Q I
19 3/6/2013 $13,500 Q I
20 2/27/2013 $35,000 Q I
21 2/15/2013 $46,000 Q I
22 2/12/2013 $26,000 Q I
23 1/17/2013 $40,000 Q I
Average House Sale Price: $33,652
EIGHT homes that sold with selling price under $20K were singlewide models between 1975 and 1979. One was a foreclosure resale teardown. One was reported as a $10K sale price but was obviously misreported (it was a 1995 doublewide)
LOTS 2013
1 4/30/2013 $28,000 Q V
2 3/8/2013 $30,000 Q V
3 3/4/2013 $23,000 Q V
Two lots waterfront, one lot waterview and purchased by as an adjacent lot to a SLR homeowner.
HOMES 2012
1 4/27/2012 $28,000 Q I
2 4/27/2012 $15,000 Q I
3 4/26/2012 $29,500 Q I
4 3/29/2012 $20,000 Q I
5 3/27/2012 $26,000 Q I
6 3/26/2012 $30,000 Q I
7 3/15/2012 $20,000 Q I
8 3/13/2012 $35,000 Q I
9 3/8/2012 $41,000 Q I
10 3/6/2012 $34,000 Q I
11 3/2/2012 $27,500 Q I
12 3/1/2012 $47,900 Q I
13 2/29/2012 $30,000 Q I
14 2/13/2012 $112,500 Q I
15 1/3/2012 $60,000 Q I
16 1/3/2012 $59,000 Q I
Average House Sale Price: $38,462
TWO homes sold under $20K were both singlewide models 1975 and one was waterfront.
LOTS 2012
1 5/18/2012 $40,000 Q V
2 3/22/2012 $30,500 Q V
3 3/22/2012 $31,000 Q V
All lots sold were waterfront.
Note: The "V" means Vacant (lot only), the "Q" means Qualified Sale which is "market" (as opposed to an administrative title change) and "I" means Improved (with a house).
____________________________________________________________________
A 1995 doublewide for $10,000.00? Wished I had known about that one! Where was that located?
_________________________________________________________
July 21, 2013
120 SS. That sales price was obviously wrong
_________________________________________________________
July 25, 2013
That is the wrong price as I remember the owner and the person who helped sell it say it went for something around $79,000.
______________________________________________________________________
Well someone may have inadvertantly underpaid tax due to Polk County. The doc stamp (on the deed) indicates that $70 was collected which would be the tax rate of $.70/$100 selling price ie $10,000.
IF the selling price was actually $79,000, the tax would have been $387.10.
________________________________________________________________
July 29, 2013
someone correct me if I'm wrong, but if tax is figured @ $.70 per $100 of value, then isn't the tax supposed to be $553? ($79,000 divided by 100 = 790 X .70 = $553)
________________________________________________
July 30, 2013
Yes.... $79,000 X .70 = $553.00 But maybe part of the sales price is exempt from taxes.
________________________________________________
July 31, 2013
Exempt from Taxes ? That's preposterous ! (:+O)
_______________________________________________________
August 8, 2013
That is the wrong price as I remember the owner and the person who helped sell it say it went for something around $79,000.
Hmmmm...I just caught that phrase ie ...and the person who helped sell it...
I trust that person has an active real estate license to "help sell" and further, I hope that person, if unlicensed, did not collect any money for their effort or they could be in deep doodoo if a complaint is made.
It is one thing to unlock a neighbor's door to permit a potential buyer to see another person's property, but handling a real estate transaction for another person escalates "helping" to a state regulated level.
The tax underpayment is a side issue for the Tax Collector. However, real estate agents using the Property Appraiser database for market comparative data will note the error and report because it skews the neighborhood sales basis in a negative direction which lowers future listing prices (and sales commissions).
Florida Real Estate law is possibly the toughest in the nation about people representing property for sale that is not their own. It is highly pro-consumer and the penalties for violating FS475 are expensive.
475.42 Violations and penalties.—
(1) VIOLATIONS.—
(a) A person may not operate as a broker or sales associate without being the holder of a valid and current active license therefor. Any person who violates this paragraph commits a felony of the third degree, punishable as provided in s. 775.082 or s. 775.083, or, if a corporation, as provided in s. 775.083
_________________________________________________________________________
