Orlando Real Estate Market News | Page #11

The February Team Donovan community reports have now been updated and are available from the following link:

                                                                                Community Reports

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The January Team Donovan community reports have now been updated and are available from the following link:

                                                                                Community Reports

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Team Donovan enjoyed a record-setting year in 2017. The Orlando real estate firm sold over 210 listings, the most sales in its 13-year history. And it set an MLS (Multiple Listing Service) record for the number of listings sold by an agent. CEO and Real Estate Broker James Donovan attributes the strong showing in part to attractive exchange rates, which motivated many European owners to sell their vacation homes to U.S. and foreign investors for a profit. 

Donovan says his firm’s success is unique in the Central Florida real estate market. “On the listing side, I have not seen any other real estate agent with numbers as high as ours when it comes to vacation home sales,” said Donovan. He credits the high volume of listing sales to the company’s…

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***Published on 1st January 2018***

December "data" from the Resort Area Market...

The final sales activity review of 2017 revealed that the total number of homes listed for sale in the resort area stood at 1,500 which represented a 30.7% decrease in available inventory compared to the December 2016 total of 2,030.  Month on month listings were 70 up on last months 1,430. By listing type, the December inventory comprised 1,450 normal owner listings, down 34.4% from the 1950 December 2016 total. Bank owned listings month on month were down 2 at 29 while short sales also fell by 2 to 21 which compares to 45 bank owned homes and 35 short sales one year ago. Total sales during December of 337 were 25 higher than the corresponding month last year but…

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The December Team Donovan community reports have now been updated and are available from the following link:

                                                                                Community Reports

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*** Published on 1st December 2017 ***   November 'numericals' From The Resort Area...   Resort area inventory in November detailed a total of 1,430 listings that represented 1,376 normal owner listings, 31 bank owned homes and 23 short sales. Overall inventory was down 40% from November 2016 when the total number of homes listed for sale stood at 2,004 which then comprised 1,917 normal owner listings, 50 bank owned and 37 short sales. The average days on market that a home took to sell in November 2017 was unchanged from last month at 132 but was down 1 day from the 133 days being achieved a year ago.  During the month a closed home achieved an average 97.1% of the asking price which was little changed from the 97% level of both October 2017…

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The November Team Donovan community reports have now been updated and are available from the following link:

                                                                                Community Reports

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***Published on 1st November 2017***   October 'oracle' From The Resort Area...
The October report for the resort area showed sales up 28% from last month at 329 and also 25% higher than the 263 closings of October 2016. The number of homes under contract awaiting closure was 6 up on last month at 578 and 49 homes higher than the 529 pipeline total for the corresponding month a year ago. The areas median price was up 11.1% from the $179,247 price in October 2016 to $199,231.  A sold home during October achieved an average 97.1% of the listed price after having spent 132 days on the market which was unchanged from last month but down 1 day from the 133 days of October 2016. As is customary a certain percentage of homes were withdrawn from the…

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***Published on 1st October 2017***   September 'summations' From The Resort Area...   Total market inventory throughout the resort area was down 22.6% from September 2016 with 1,569 homes listed for sale compared to the 1,923 level of a year ago. September 2017 inventory by type detailed 1,514 normal owner listings, down from 1,857 a year ago, bank owned listings of 35 down 4 from 39 a year ago and 20 short sales, down from 27 twelve months ago. The average days on market that a home took to sell was 131, down 3 from the 134 day level seen a year ago but up by 1 on the 130 days of August 2017. The average percentage price achieved of a sold home when compared against listing price was 97.1% which was little changed from the 97% level of a…

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The September Team Donovan community reports have now been updated and are available from the following link:

                                                                                Community Reports

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