Orlando Real Estate Market News | Page #14

September 'summations' From The Resort Area...

Inventory levels in September were up a net 33 homes from August to a revised 1923 listings which was 69 homes above the 1854 total of September 2015. By listing bank owned month on month listings were down 9 at 39 whilst short sale listings fell 4 at 27. Normal owner listings showed an increase in net inventory as 46 homes were added during the month to give a revised 1857 total.  The September activity report also detiled that 281 homes changed ownership in the short term rental communities during the month which was 50 below August and 39 lower than the 523 total closed in September 2015. The average days on market that a home takes to sell was down 3 to 134 but up 3 from the 131 level of September…

Read Full Post

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

                                                                                Community Report

Read Full Post

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

                                                                                Community Report

Read Full Post

July 'numbers' from the Orlando resort area...

The July resort area inventory was up 19 homes from last month and 25 homes higher than July 2015 to a revised total 1,975 listings. Considered against last month all listing groups indicated slight increases as normal owner listings rose by 11 at 1,896, bank owned increased by 5 at 48 and short sales rose 3 at 31. The average days on market that a home took to sell was up 2 from June at 136 and up 8 from the July 2015 figure of 128. The average price a home achieves at sale when compared to asking price was 96.8% from 97% in June and 96.6% in June 2015. The resort area median price was up 0.8% month on month at $174,990 and up year on year by 6.4% from $164,500. During July 167 homes were withdrawn from…

Read Full Post

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

                                                                                Community Report

Read Full Post

June 'journal' from the Orlando resort area...

The total number of June closings were up 22.9% from May as 413 homes changed hands during the month. This total represented an increase of 32.7% on the June 2015 sold total of 311. The average closed home achieved 97% of the asking price which was up on the 96.6% recorded in both May and June 2015. The average days on market that a home takes to sell was 134 which was a rise of 4 days from the 130 recorded last month and the 129 days seen in June 2015. The areas median price was up 5.8% year on year at $173,461 whilst the number of homes under contract awaiting closure was 593, down 21 from the 614 recorded total of last month. During June 134 homes were withdrawn from the resort area market having been…

Read Full Post

The stunning move by U.K. voters to abandon the European Union has roiled world financial markets in recent days. But what will Brexit’s impact be on the Orlando real estate market?

Some analysts believe the decision could be a boon for home sellers. Mortgage rates, which were already at low rates, have fallen further, making housing more affordable for buyers who wish to finance their purchase. Orlando’s housing market has already been gaining strength.  The Orlando Regional Realtors Association reported that home sales rose 7 percent in May, compared to a year ago. 

Erin Lantz, VP of mortgages at real estate hub Zillow told USNews.com there may be more international interest in U.S. real estate assets in the days and weeks ahead, "because it may be…

Read Full Post

Every home seller dreams of closing the sale of their property quickly and at a final price that’s as high as the asking price. Of course, a home buyer wants to get that same property for a price as far below the asking price as possible. Where the two parties meet depends on many variables, starting with the overall market condition. 

The key to getting the most money out of your Orlando home is to price it appropriately from the start. Some home sellers want to list high, but this strategy can backfire. If you don’t get any offers, your home could languish on the market for many months and you could wind up selling for a greater discount than if it was priced right to start. 

Pricing your home correctly from the very beginning will help ensure a…

Read Full Post

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

                                                                                Community Report

Read Full Post

May 'musings' from the Orlando resort area...

The number of homes available in the resort area was down 3% from April as 1955 were recorded as listed for sale. The only type of listing class that showed an increase was short sales which were up a net 3 from April at 34. Bank owned listings were down 20 month on month at 41 while normal owner listings fell 64 at 1955. The average days on market that a home took to sell was unchanged from last month at 130 whilst the average price achieved of a home that closed was down very slightly from last month at 96.6% from 96.7% in April. The average price of a home in our market was up 0.6% from last month at $171,500 and was 5.2% higher than the May 2015 figure of $162,956. During May the market saw 167 homes…

Read Full Post