Orlando Real Estate Market News - January 2016

 December 'data' from the Resort Market . . . 

The final update for 2015 revealed that 26 more homes sold during December than closed during November as 288 homes changed hands across the Resort area. The December median price was up 1.1% month on month to a revised $167,856 and up 4.1% from the December 2014 recorded median price of $161,237. The number of homes listed  for sale stood at 1834 which recorded a fall month on month in all listing categories as normal owner listings fell by 52 at 172. Bank owned listings were down 23 at 75 and short sales decreased by 7 at 35Homes that did sell during December achieved an average 96.6% of the listed price which was unchanged from November but up 0.3% compared to December 2014. The average days on market that a resort area home was listed is 132 which is 2 higher than November and 5 higher than the 127 day average witnessed in December 2014. The pipeline total of homes under offer/contract and awaiting closure at the year end stood at 420 which was 64 less than November and 9 down on the December 2014 year end total of 429The number of homes withdrawn from the market during the past 30 days was 161. The existing resort area inventory when reviewed against December sales pace reveals a 6.3 month supply of home availability in December compared to the 7.1 month supply of November and 5.8 month supply level of December 2014.  

Looking Back ... 2015 At A Glance…

MONTH

ACTIVE

A.D.O.M

SP/LP

EXP/WDN

PEND

SLD

 

 

 

 

 

 

 

January

1721

125

96.5

172

457

167

February

1769

128

96.3

144

542

222

March

1785

128

96.3

143

574

283

April

1864

129

96.2

163

611

277

May

1946

129

96.5

129

615

303

June

1944

129

96.6

166

604

311

July

1950

128

96.6

140

576

298

August

1892

129

96.6 

156

563

283

September

1854

131

96.5 

156

523

320

October

1863

132

96.6

177

496

295

November

1876

130

96.6

171

494

262

December

1834 

132

96.6

 161

420 

  288 

  • Active = Active listings on 25th of respective month.
  • A.D.O.M = Average days on market.
  • SP/LP = Average price attained against asking price expressed as a %.
  • EXP/WDN = Homes withdrawn from the market during the respective Month.
  • PEND = Homes recorded as under offer/contract at the respective month end.
  • SLD = Homes that sold or closed during the indicated Month.
Closing Numbers ... December 31st 2015...

1 G.B.P…Buys  1.482 U.S.D                   -              1 U.S.D…Buys  0.674  G.B.P

1 EURO...Buys  1.088 U.S.D                   -              1 U.S.D…Buys  0.918  EURO

 1 CAN $…Buys 0.720 U.S.D                   -              1 U.S.D…Buys  1.387  CAN $

***

U.S Prime Interest Rate = 0.50%

Team Donovan publish this updated monthly report on the 1st of each month for the benefit of all Worldwide Central Florida absentee owners. Our individual community reports are updated and published on the 15th of each month. If you are considering selling your own property in the future please do feel free to contact us, as we would be delighted to discuss the marketing of your own home in more detail.


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