Orlando Real Estate Market News | Page #14

***Published on 1st November 2017***   October 'oracle' From The Resort Area...
The October report for the resort area showed sales up 28% from last month at 329 and also 25% higher than the 263 closings of October 2016. The number of homes under contract awaiting closure was 6 up on last month at 578 and 49 homes higher than the 529 pipeline total for the corresponding month a year ago. The areas median price was up 11.1% from the $179,247 price in October 2016 to $199,231.  A sold home during October achieved an average 97.1% of the listed price after having spent 132 days on the market which was unchanged from last month but down 1 day from the 133 days of October 2016. As is customary a certain percentage of homes were withdrawn from the…

Read Full Post

***Published on 1st October 2017***   September 'summations' From The Resort Area...   Total market inventory throughout the resort area was down 22.6% from September 2016 with 1,569 homes listed for sale compared to the 1,923 level of a year ago. September 2017 inventory by type detailed 1,514 normal owner listings, down from 1,857 a year ago, bank owned listings of 35 down 4 from 39 a year ago and 20 short sales, down from 27 twelve months ago. The average days on market that a home took to sell was 131, down 3 from the 134 day level seen a year ago but up by 1 on the 130 days of August 2017. The average percentage price achieved of a sold home when compared against listing price was 97.1% which was little changed from the 97% level of a…

Read Full Post

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

                                                                                Community Reports

Read Full Post

***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