Real Estate Information | Page #11

Real Estate Information

Orlando short-term rentals let home buyers take advantage of the growing short-term rental market fueled by sites like Airbnb and VRBO. Knowing where to buy a second home is the key to attracting renters all year round and getting the highest return out of your investment.

Now is the Time to Buy in Orlando 

More homeowners are putting their vacation homes on the short-term rental market, signaling the future growth that can make your new home a more profitable investment. 

This is especially true in Orlando, Florida, which has been ranked number one on  Forbes' list of Best Places to Buy a Second Home for 2019. This is the second recognition Forbes has bestowed on “The City Beautiful” in a year. The business magazine also rated Orlando #1 on its…

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January 'journal' From The Resort Area...   Resort area inventory month on month continued the rising trend that has been evident for the past few months with the number of homes listed for sale up 14.2% from 1252 listings last month to 1430 this month although compared to inventory levels of a year ago total overall levels year on year remain unchanged. The average days on market that a home now takes to sell stood at 103 during  January which was 1 day higher than December but some 30 days below the 133 level recorded in January 2018. A home that sells now achieves on average 97.5% of its listed price which is unchanged from last month but up from the 97.25% average attained price of a year ago.  The markets median price is 5.2% higher than a year…

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Foreign home buyers continue to value Orlando when it comes to buying property in the state of Florida. The National Association of Realtors recently reported that Orlando held steady in 2018 as the #2 destination of choice for Florida’s international home buyers. Nine percent of all the state’s foreign home buyers chose to purchase a property in Orlando.

The realtor group’s 2018 Profile of International Residential Real Estate Activity in Florida found that Orlando area international home buyers in 2018 were mostly from Latin America and the Caribbean (47 percent), Europe (18 percent), and Asia (15 percent.)  When it comes to individual countries, investors from Brazil led the way with 20 percent of Orlando’s international transactions, followed by…

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November 'numbers' From The Resort Area...   Resort area inventory month on month was 10.8% higher at 1287 homes listed for sale from the October total of 1161 whilst year on year inventory levels were 11.1% lower than the 1430 listings of the corresponding month last year. Homes that sold during November closed on average 5 days faster than last month at 111 days and 21 days quicker than the 132 day average of a year ago.  A November closed home secured on average 97.3% of its listed price which was a slight adjustment on the 97.1% level achieved a year ago. The total of 286 sales was down 19.9% compared to November 2017 and also down 22% from last months 349 closings. The median price of a resort area home has increased 5.8% from a year ago to …

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October 'Oracle' From The Resort Area...   The resort area recorded 349 closings during October which was 6% higher than the 329 sales of the corresponding month last year while the number of homes under contract awaiting closure was down 17.7% from last year at 491. The markets median price was $212,362 which is an increase of 6.5% from the one year ago price of $199,231 and also 0.5% up on last months price of $211,293. A home that sold during October achieved on average 97.5% of the asking price after having spent 116 days on the market which compared to 97% and 132 days respectively a year ago. During the month 88 unsold homes were withdrawn from the market which compared to 67 withdrawals last month and 117 removals during October 2017.…

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September 'summary' From The Resort Area...   Net resort marketplace inventory rose for the first time in 3 months as overall listings sat 40 higher than last month at 1173 but are still 33.3% below the 1569 level of one year ago. The average days that a home takes to sell in September was 120 which is 4 lower than last month and 11 less than September 2017 with the the average price achieved compared to list price unchanged at 97.2%. The median price of an area home was up 6.4% from a year ago at $211,293 whilst month on month this reflected a 0.7% fall from the August 2018 price of $212, 812.  During the month 67 homes were withdrawn from the market by owners or agents having failed to sell which compares to 85 last month and 117 one year ago.…

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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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August 'announcements' From The Resort Area...   The resort area median price was 8% higher than 12 months ago rising from $196,988 to $212,812 whilst the average days that a home now takes to sell fell by 6 from a year ago at 124. This latest days on market figure of an average home that sold was also 3 days below the 127 days recorded last month.  The average price attained was 97.2% of the listed price which was little changed from the 97.3% achieved last month. Total inventory of 1,133 homes was down 41% from the 1,598 level of a year ago and also down 2.2% from the 1,158 total last month. August sales of 397 were up 6.7% from a year ago and 23 higher than the 374 total last month. The pipeline number of homes under contract awaiting closure…

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Homeowners are creating new sources of income through the short-term rental of their vacation homes. They maximize the value of their investment and reduce its total cost over time. 

But home buyers need to understand the homeowners association (HOA) rules that apply when purchasing Orlando vacation homes for sale in Florida. 

When is Commercial Use of Your Home Allowed? 

Your HOA’s Declaration of Covenants, Conditions, and Restrictions (CC&R) provides information related to the rental of your second home. 

Many CC&Rs include an outright ban on any commercial use of your home. These are put in place to reduce issues such as unfamiliar traffic, noise disruptions, and security risks. 

But a blanket ban on commercial use may not include a…

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Poinciana may not be the first place that comes to mind when you think of Florida living. But that’s good news for home buyers looking to benefit from a thriving (yet often overlooked) real estate market.

Poinciana holiday homes offer luxury living in one of the most popular travel destinations in the country at an affordable price. 

Whether you’re looking for a vacation property or a retirement home for your later years, Poinciana can be the perfect choice for the features and amenities you want. 

Holiday Homes in Poinciana 

Savvy home buyers know how important location is to the value of their real estate investments. 

That’s why Poinciana has become the ideal destination for buyers looking for a high quality of living, easy access to…

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