Kissimmee,FL real estate
Published On: April 1, 2011 Posted by: TownsRealty
Kissimmee is one of the cities that were hit the hardest because Kissimmee, FL is considered a heaven for investors, snow birds and especially by foreign investors. Its proximity to Disney World, golf courses and attractions was a big factor in home purchases. Also, lots of new homes and communities were built between 2004-2009 and in a variety such as single family homes, town homes and condos.
There are 1,912 properties for sale in Kissimmee, FL out of which 1290 are single family homes, 381 are condos and 194 are townhomes and villas.
Out of 1,912 properties for sale 923 are short sales, 185 are bank owned and 803 are regular sales. It shows that foreclosure properties numbers are down and more homeowners are able to do a short sale on their homes.
However, in the last year 5,308 homes sold in Kissimmee, FL and 54 percent were foreclosures. 24 percent qualified for short sales by showing evidence of hardship, such as a job loss, illness or death in the family. 22 percent of the sales were regular sales but 78 percent were short sales and foreclosures.
From April of 2010 until April of 2011 there were 5,308 sold properties out of which 78% were either short sales or bank owned. From October 2010 to April 2011 there were 2,505 sold properties out of which 82% were either short sales or bank owned. From January 2011 to April 2011 there were 1,286 sold properties out of which 80% were either shorts sales or bank owned.
In this area the rate of foreclosure stayed higher than the rate of the short sales. A year ago there were 2,844 foreclosures versus 1,285 short sales, 6 months ago 1,408 foreclosure versus 560 short sales and 3 months 775 foreclosures versus 260 short sales.