Orlando Real Estate Market News | Page #12

***Published on 1st September 2017***   August 'assesment' From The Resort Area...
Resort area sales were up 12.3% up on the corresponding month last year as 372 homes changed hands during August. Homes that closed achieved an average of  97% of the listed price which was unchanged from last month and little changed from the 97.1% being achieved in August 2016. The time that it takes to sell a home stands at 130 days which is 7 less than the 137 days of August last year. The median price of an area home is $196,988 which represents an 11.1% increase from the August 2016 price of $177,183. The pipeline number of homes under contract awaiting closure stands at 571 representing a fall of 13.4% from last month but an increase of 23.3% from the…

Read Full Post

If you’ve been thinking about buying a home in Orlando to use as a second home or investment property, you may want to take action soon before home prices get too expensive.

The median price of Orlando homes sold during the month of July rose nearly 7 percent compared to the same period a year ago. And sales slipped 0.2 percent compared to July 2016.

One reason for the uptick in prices is the fact that there are fewer homes for sale. The Orlando Regional Realtor Association reported that inventory was down 15 percent in July compared to year ago levels.

Orlando’s overall median home price (which combines all home types) was $220,000 in July, up 6.8 percent from July 2016’s median price of $206,000.

Single family home sales fell 0.9 percent in…

Read Full Post

Home builders have been busy in Central Florida during the second quarter, constructing about 4,000 new houses – many of them vacation homes. The data comes courtesy of housing analysis firm, MetroStudy. Their survey found that the Orlando area had 14 percent year-over-year growth in homes being built, and 28 percent growth in closings. 

The home construction recovery is due in part to Orlando’s tourism industry. Many holiday visitors decide to buy new homes after they’ve spent a lot of time here. These properties are often used as a second home and as an investment property allowing owners to generate rental income from other holiday visitors. 

Osceola County, which is home to Disney World, saw a significant increase in housing starts, thanks…

Read Full Post

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

                                                                                Community Reports

Read Full Post

***Published on 1st August 2017***
July 'journal' From The Resort Area...   Total resort area inventory was down 23.2% year on year at 1603 listings which was also 6.3% lower than June 2017. Julys total comprised 1543 normal owner listings, down from 1896 in  July 2016. Year on year bank owned listings were down 11 at 37 whilst short sales were down by 8 from last year at 23. The average days that a home took to sell was down 6 from July last year at 130 which was also 1 less than last month while the average sold home achieved 97.1% of the final asking price. The resort area median price of $191,062 represented a 9.2% increase from the median July price of last year.  July 2017 saw total sales of 390 which was 8 closings higher than June…

Read Full Post

***Published on 1st July 2017***   June 'journal' From The Resort Area...   Resort area median prices were 9.5% up year on year to a revised $190,007 from the 173,461 median price of June 2016 with total inventory down 8.7% at 1956 listings last June to 1705 last month. By type last months inventory comprised 1,650 normal owner listings which was down from 1,885 in June 2016. Short sales comprised 21 of the total listings, down 7, while bank owned properties of 34 were down from 43. The average days on market that a home took to sell was unchanged from last month at 131 but 3 less than the 134 seen in June 2016.  Homes that closed achieved an average 97.2% of the listing price up from 97.1% last month and the 97% level being achieved a year…

Read Full Post

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

                                                                                Community Reports

Read Full Post

***Published on 1st June 2017***   May  'math' From The Resort Area...   The resort area overall inventory was down 8.9% from 12 months ago as May total listings stood at 1794 compared to the 1955 in May 2016. By type normal owner listings totaled 1736 which compared to 1880 in May 2016. Bank owned homes comprised 36 of the total inventory while short sales comprised 22 which compared to the  41 and 34 respectively recorded in May 2016. The average number of days that a home took to sell increased by 1 from a year ago to 131 while a sold home achieved an average 97.1% of its listed price, up from the 96.6% a year ago. The average median price of an area home was up 10.4% year on year from $171,750 to $189,644. Total sales in May were 401 which…

Read Full Post

team donovan real estate

More and more tourists who come to Orlando to visit the theme parks and other attractions are skipping hotels and buying or renting vacation homes. If you live near Disney World or Universal, and are thinking about selling your home, this may be the perfect time to make your move. 

New research from the University of Central Florida’s Rosen College of Hospitality Management shows buyers are willing to pay an average of $269,000 for a vacation home in the attractions area. That’s because the Kissimmee/Osceola County area provides buyers with value, a desired lifestyle and safety. 

Dr. Robertico Croes, a professor at Rosen College, expects this summer to be especially appealing thanks to the Orlando-area’s hot economy, and the opening of “Pandora…

Read Full Post

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

                                                                                Community Reports

Read Full Post