To hear some talk, every home for sale in Kissimmee is either in foreclosure, already foreclosed on or in a short sale. What do the actual numbers show?
I search the Mid-Florida MLS this afternoon looking to see what portion of the total listing inventory for the area fell into one of the categories mentioned above. Here are the results.
As of today the MLS is showing a total of 4,675 homes for sale. Of those homes:
357 homes or 7.6% are listed as being bank owned or already foreclosed on.
342 homes or 7.3% are show as needing 3rd party approval which would indicate a short sale situation. I compared this search to a search where I used the term short sale in the public comments and found 589 homes or 12% listed as subject to a short sale. 161 homes or 3% are listed as being in foreclosure. The in foreclosure, 3rd party approval and short sale descriptions would most likely be overlapping descriptions for the same type of property.
Related Florida real estate views:
Kissimmee foreclosure
Kissimmee housing statistics - 2007
Foreclosure sales make up large portion of Kissimmee market in 2008
- Greg Staker - Watson Realty Corp. - 407-304-0255
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