Orlando Real Estate Market News - January 2017

 December 'data' from the Resort Market . . . 

The final report for 2016 revealed that the total inventory of homes available for sale stood at 2030 which was a 9.7% increase in listings from the December 2015 total of 1834. Month on month listings were up by 26 homes from last months total. By listing type, December inventory comprised 1950 normal owner listings, up 196 compared to December 2015 while bank owned listings month on month were down 5 from November at 45 with short sales down 2 at 35.  Total closed sales during December were down 6 compared to the November 313 total but 25 higher up on the December 2015 closed total of 288. Homes selling during December 2016 achieved an average 97% of the final listed price which was unchanged from November but 0.4% higher than December 2015.  The December 2016 median price was up 1% month on month to a revised $182,056 which was a 8.4% rise from the December 2015 recorded median of $167,856.  The average days on market that a resort area home now takes to sell is 134 which is day higher than November and 2 days up on the 132 average days achieved in December 2015. The year end pipeline of homes under offer/contract and awaiting closure stood at 474 which was 90 less than November but 54 up on the December 2015 year end total of 420.  The number of homes withdrawn from the market having failed to sell during the month was 125.  Current resort area inventory compared against the December sales pace suggests a 6.4 month supply of home availability compared to a 6.3 month supply recorded in both November 2016 and December 2015.  

Looking Back ... 2016 At A Glance…

 

MONTH

ACTIVE

A.D.O.M

SP/LP

EXP/WDN

PEND

SLD

SUPPLY

 

 

 

 

 

 

 

 

January

2023

131

96.8

196

416

207

9.7

February

2053

129

96.6

153

499

245

8.3

March

 2010

129

96.6

139

556

281

7.1

April

2014

130

96.7

151

598

307

6.5

May

1955

130

96.6

167

614

336

5.8

June

1956

134

97.0

134

593

413

4.7

July

1975

136

96.8

167

487

318

6.2

August

 1890

137

97.0

130

463

331

5.7

September

1923

134

97.0

176

474

281

6.8

October

1939

133

97.0

138

529

263

7.3

November

2004

133

97.0

144

564

319

6.3

December

2030 

134

97.0

 125

474

  313

  6.4 

  • Active = Active listings on 25th of respective month.
  • A.D.O.M = Average days on market.
  • SP/LP = Average price attained against asking price expressed as a %.
  • EXP/WDN = Homes withdrawn from the market during the respective Month.
  • PEND = Homes recorded as under offer/contract at the respective month end.
  • SLD = Homes that sold or closed during the indicated Month.
  • Supply = Based on each months sales pace total supply of available inventory.
Closing Numbers ... December 31st 2016...

1 G.B.P…Buys  1.233 U.S.D                   -              1 U.S.D…Buys  0.810  G.B.P

1 EURO...Buys  1.051 U.S.D                   -              1 U.S.D…Buys  0.950  EURO

 1 CAN $…Buys 0.744 U.S.D                   -              1 U.S.D…Buys  1.344  CAN $

***

U.S Prime Interest Rate = 0.50%

Team Donovan publish this updated monthly report on the 1st of each month for the benefit of all Worldwide Central Florida absentee owners. Our individual community reports are updated and published on the 15th of each month. If you are considering selling your own property in the future please do feel free to contact us, as we would be delighted to discuss the marketing of your own home in more detail.


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