According to recent data released by Realtor.com, the median sale price of homes in Lake County, Florida, for the month of August was $370,000. This represents an increase of 2.8% from the previous month’s median sale price of $360,000. In comparison to August 2022, the median home sale price showed a significant rise of 8.8%, going from $340,107 to $370,000.
The analysis of real estate deeds used by Realtor.com provides valuable insights into the local housing market. It is important to note that the data may be delayed by a few months, and it does not include homes currently listed for sale. Therefore, it should not be directly compared to current listings data.
Taking a closer look at single-family homes in Lake County, the median selling price in August was $374,950, showing a 2.7% increase from the previous month’s median selling price of $364,928. Since August 2022, the sale price of single-family homes has risen by 6.8%, reaching a median of $351,000.
Interestingly, the sale of condominiums and townhomes in Lake County experienced a significant surge in August. The median sale price increased by 17% to $251,500 from $215,000 in July. When compared to August 2022, there was a remarkable 93.5% jump in sale prices, with a median of $130,000.
Despite the positive trends in home prices, the number of recorded sales in Lake County decreased by a staggering 71.3% compared to August 2022, dropping from 613 to 176. However, the total value of residential home sales in August amounted to $77.1 million.
It is also worth noting that the overall housing market in Florida saw a similar upward movement in August. The median sale price for homes across the state was $400,000, representing a 2.6% increase from the previous month’s median of $390,000. However, the number of recorded sales decreased by 71.2%, with a total of 11,530 sales compared to 40,036 in August 2022.
FAQ:
Q: What was the median sale price of homes in Lake County in August?
A: The median sale price of homes in Lake County in August was $370,000.
Q: How does this compare to the previous month?
A: It represents a 2.8% increase from the previous month’s median sale price.
Q: What was the percentage increase compared to August 2022?
A: The median sale price was up 8.8% compared to August 2022.
Q: Was there a significant change in the sale price of single-family homes?
A: Yes, the sale price of single-family homes increased by 6.8% since August 2022.
Q: How did the sale price of condominiums and townhomes change?
A: There was a 17% increase in the sale price of condominiums and townhomes in August compared to July.
Q: Was there a change in the number of recorded sales in Lake County?
A: Yes, the number of recorded sales dropped by 71.3% since August 2022.
Q: What was the median sale price for homes across Florida in August?
A: The median sale price for homes across Florida in August was $400,000.