Real Estate Information | Page #8

Real Estate Information

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

                                                                               Community Reports

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***Published on 1st January 2019***

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

The final Team Donovan review of sales activity for 2018 revealed that the number of December active listings across the resort area was 1252 which represented a 19.8% fall in overall inventory compared to the 1500 home total of December 2017. During the last month of 2018 overall sales totaled 292 after the average home closed at 97.5% of its listed price having spent 102 days on the market. The corresponding month of 2017 recorded 337 sales each spending an average of 122 days on the market and achieving 97.1% of the listed price. The markets median price closed the year 5.3% higher than December 2017 at $213,500 from $202,706 one year ago. The pipeline number of…

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Knowing how to get more reservations for your holiday rental helps you maximize the value of your real estate investment. The booming short-term rental market has made it even more competitive for homeowners looking to attract visitors to their Davenport luxury vacation homes. 

Offering virtual tours to prospective guests is one of the best ways to showcase your home, generate more bookings, and stand out from the crowd. 

Why Virtual Tours Matter in Today’s Vacation Rental Market

If users arrive at your home and find something different from what they expected, it could lead to negative reviews and unsatisfied guests who won’t return anytime soon. This could hurt your reputation and lead to a drop in short-term rental bookings over time.

A…

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November 'numbers' From The Resort Area...
The resort area median price was 7.7%  higher than a year ago at a revised $229,688 from $213,306. Total inventory available for sale was also higher than a year ago with the November inventory at of 1,417 homes which was 5% higher than the 1,349 listings promoted a year ago. Homes that have sold over the past 4 weeks attained an average 97.5% of the listed price having been on the market for an average of 97 days which compared to 97.3% and 111 days achieved, respectively, a year ago.  Total closed sales for the month of 314 were 9.8% higher than the closed total of a year ago when the market saw 286 homes change hands. The pipeline of 487 homes awaiting closure were also up on the November 2018 total of …

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October 'observations' From The Resort Area...   The Resort area saw total sales of 316 during October which was down 10.4% from the 349 closings of October 2018 but a rise of 4.8% on the 301 sold homes last month. The pipeline number of properties under contract awaiting closure stood at 413 which was a rise of 4.4% from the corresponding pipeline total of one year ago. A home that sold achieved an average of 97.6% of its listed price having spent 99 days on the market which compared to the 97.5% and 116 days achieved respectively one year ago.  The markets median price was up 7% from $212,362 in October 2018 to $228,118 whilst the number of homes withdrawn from the market during the month having failed to sell totaled 77 which was 11 lower than…

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Can climate change be a good thing? It depends on who you ask. When it comes to property values, hurricanes and flooding can negatively impact homeowners living in high-risk areas. 

But they can also create a demand for homes in areas that don’t face the same risks. Waterfront properties may no longer be as attractive to homebuyers who want to get the most out of their investments. 

Orlando holiday homes are becoming more appealing. Knowing the potential benefit that climate change may have on Orlando and surrounding homes can help you take advantage of new home investment opportunities. 

The Growing Risk to Coastal Homes 

The value of real estate properties can change in response to many factors. The changing weather patterns in some parts of…

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September 'summary' From The Resort Area...

Resort area prices recorded a year on year median price increase of 6.9% from $211,293 to $226,731 during September according to the latest monthly figures. The average days on market that a home takes to sell has fallen by 22 days during the same period to 98 days whilst a home that sells achieves on average 97.6% of its listed price compared to 97.6% back in September 2018. Total inventory was up 4.5% or by 55 homes from a year ago at 1,200 whilst the pipeline number of homes under contract awaiting closure stood at 529, up from 524 in September 2018 and also up on last months pipeline of 513 homes. Completed closings during September totaled 301 which was 5.9% down on the 319 sales of a year ago and 24.9%…

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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 'allsorts' From The Resort Area...
The sale of 376 homes during August across the resort area reflected a 5.5% fall in overall closings compared to a year ago and a 4.5% decrease from last months total sales of 393. The average days that a home took to sell is down 26 days from a year ago to a revised 97 days and down one day from last month. Homes that closed achieved an average 97.7% compared to 97.2% achieved a year ago. The markets median price was 5.2% higher than a year ago at $223,968 from $212,812. The number of homes under offer/contract stood at 513 at the end of August compared to 548 last month and the 517 pipeline total of a year ago whilst 94 homes were withdrawn from the market during the month having failed to achieve a…

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Home investors are taking advantage of the growing popularity of Kissimmee vacation homes, and travelers are choosing short-term rentals over costly hotels more than ever before. 

In Osceola County, the vacation rental market is thriving, benefiting homeowners, renters, and the county. Airbnb, VRBO, and Uber have fueled the sharing economy, giving vacation rental homes an even bigger boost. 

Osceola County: The World’s Vacation Home Capital 

The latest figures from Osceola County’s tourism authority show that the county has seen its vacation rental market grow by about 470 percent in recent years. The county’s 22,000 vacation rentals will soon multiply to meet the growing demand for holiday rental homes. This extraordinary growth has helped make…

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