Seminole County at a Glance gives us a glimpse into the last decade from 2007-2017 in the real estate market directly from the Seminole County State Appraiser.
Total Market Value:
- 2007: $49 Billion
- 2017: $43.3 Billion
Single Family Home Supply and Pricing:
Number of homes for sale is at a 3.5 month supply for homes under $350,000. A 6-month supply is considered a healthy market. Inventory is increasing, especially in the $400,000 range. Single Family Homes Median Sales Price (Existing Homes):- 2007: $282,950
- 2017: $259,000
- 2007: $355,300
- 2017: $467,300
- 2007: $214,000
- 2017: $182,000
- 2007: $223,350
- 2017: $286,000
Economic Development
- In the past 5 years, Seminole County has supported 47 economic developments resulting in nearly 5,000 jobs.
- Leading private employers in Seminole County: Paychex, Chase, Verizon, Convergys, Deloitte
Seminole County “Hot Spots”
- Sanford
- Lake Mary
- Oviedo
Vote November 2018: 2 Constitutional Amendments
- 10% Cap on Non-Homestead Property
- Cap set to expire January 1, 2019
- Amendment would extend the cap indefinitely
- Additional Homestead
- Would increase homestead exemption from $50,000 to $75,000
