Current Real Estate Market in Davenport, FL
Published On: August 14, 2012 Posted by: TownsRealty
Davenport, Florida is a favorite vacation destination because has a great location. It is only 15 minutes from Disney World and attractions, 45 minutes from Orlando International airport, close to the Gulf beaches and Kennedy Space Center.
Currently there are 503 properties for sale in Davenport, Florida. 325 are single family homes, 49 are town homes and 55 are condos.
Out of 503 properties for sale: 69 properties are short sales, 36 properties are bank owned and 398 properties are regular sales. Regular sales where homeowners are not forced by foreclosure or short sale are higher in number than foreclosure or short sales.
Due to its desirable location and also to the investment properties bought by foreigners and out of state owners, Davenport, FL has been somewhat affected by the trend of foreclosures and short sales.
In 2011, 1,621 homes were sold in Davenport, FL. 537 were bank owned and 328 were short sales and 702 were regular sales. 43 percent of the sales were regular sales, 34 percent were foreclosures and 23 percent were short sales.
Davenport current real estate market shows a significant decrease in short sales and foreclosures and an increase on regular listings.
If you are looking to buy a property in Davenport, FL now is a great time to take advantage of the low mortgage rates and buy a property in a location that has “great vacation” written all over it.