WHAT’s SELLING Closed transactions in Baldwin Park® | August 2009
August 2009 Baldwin Park Sales
5331 High Park Lane 3,795 sf / 4 beds / 4.5 baths Sold Price: $600,050
3081 Stanfield Avenue 3,314 sf / 5 beds / 4.5 baths Sold Price: $524,441
2891 Stanfield Avenue 2,217 sf / 3 beds / 2.5 baths Sold Price: $425,000
2926 Stanfield Avenue 2,321 sf / 4 beds / 3 baths Sold Price: $420,825
1475 Lake Baldwin Lane 3,259 sf / 3 beds / 3.5 baths Sold Price: $400,000
1686 Prospect Avenue 2,450 sf / 3 beds / 3.5 baths Sold Price: $284,950
4350 Lower Park Road #102 1,668 sf / 3 beds / 2 baths Sold Price: $280,000
1622 Almond Avenue 1,673 sf / 3 beds / 2 baths Sold Price: $270,000
3668 Lower Union Road 2,170 sf / 3 beds / 2.5 baths Sold Price: $259,900
3750 Lower Union Road 2,170 sf / 3 beds / 2.5 baths Sold Price: $255,000
1717 Prospect Avenue 1,969 sf / 3 beds / 3.5 baths Sold Price: $230,900
1636 Prospect Avenue 1,969 sf / 3 beds / 2 baths Sold Price: $226,000
Under Contract (As of September 1, 2009)
2955 Upper Park Road 1,800 sf / 3 beds / 2.5 baths Sold Price: $225,000
1664 Chatfield Place 1,953 sf / 3 beds / 3+ baths Sold Price: $220,000
Single-family Homes Under Contract: 40 Average List Price: $434,323 Townhomes and Condominiums Under Contract: 27 Average List Price: $253,890
Source: Mid-Florida Regional MLS. Information is deemed reliable but not guaranteed.
Over $4.5M in Baldwin Park real estate sells in August. Homes in Baldwin Park continue to sell faster and closer to list price than in any other neighborhood near downtown. 14 homes closed during the month of August and 67 homes in the neighborhood are currently under contract. The average home that closed in August sold for 97% of its asking price – a strong indicator that buyers recognize the value of current pricing.
New Baldwin Park Listings
It took, on average, 105 days to sell a home in Baldwin Park based on August closings. That compares with 289 days in Winter Park’s 32789 zip code and 396 days in College Park’s 32804 zip code. As of September 1, 2009, there are 89 homes for sale in Baldwin Park. Inventory levels have remained at record lows throughout the summer months. Based on 2009 average monthly absorption, there is a 5.9-month supply of homes available in Baldwin Park.
www.4082Ethan.com 5,485 sf / 5 beds / 5.5 baths $1,790,000
In addition to our statistical analysis, New Broad Street Realty has participated in two encouraging transactions this month. 5151 Dorwin Place, a 4,100 squarefoot home offered at $799,000, received multiple offers and went under contract within two weeks of being listed. 4824 New Broad Street, a 1,504 square-foot bank-owned condominium offered at $199,900, received multiple offers and went under contract above asking price the first weekend it was on the market. New Broad Street Realty continues to hold its #1 market share in Baldwin Park, based on total volume of listings and sales. We’re proud to have assisted buyers and sellers in 42 transactions in the neighborhood this year at an average sales price of $581,900. Our firm has participated in twice as many transactions in Baldwin Park as our nearest competitor.
www.2663UpperPark.com 4,847 sf / 6 beds / 5.5 baths $895,000
If you’re considering buying or selling a home in or near Baldwin Park, we hope you will interview a Realtor® from New Broad Street Realty. Our team has unparalleled knowledge of the area, and a proven track record for results. Give us a call or stop by our office in the Village Center. We’re open 7 days a week. www.1531LakeBaldwin.com 3,150 sf / 4 beds / 3.5 baths $429,000
New Broad Street® Realty 407.529.3800 | NewBroadStreetRealty.com 4926 New Broad Street Orlando, Florida 32814 Open 10 - 6, Tuesday - Saturday Open 12 - 6, Sunday and Monday
www.4392Wardell.com 1,412 sf / 2 beds / 2 baths $228,777
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New Broad Street Realty 4926 New Broad Street Orlando, Florida 32814 407.529.3800 | NewBroadStreetRealty.com
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Š2009 New Broad Street Realty, LLC. Licensed Real Estate Broker. Price and availability subject to change. If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully. Transaction data and statistics provided by Mid-Florida Regional MLS. Information is deemed reliable but not guaranteed. Ž New Broad Street is a registered service mark of New Broad Street Management, LLC. Baldwin Park is a registered service mark of Orlando NTC Partners, a joint venture d/b/a Baldwin Park Development Company.