Orlando Real Estate Market News | Page #15

***Published on 1st June 2017***   May  'math' From The Resort Area...   The resort area overall inventory was down 8.9% from 12 months ago as May total listings stood at 1794 compared to the 1955 in May 2016. By type normal owner listings totaled 1736 which compared to 1880 in May 2016. Bank owned homes comprised 36 of the total inventory while short sales comprised 22 which compared to the  41 and 34 respectively recorded in May 2016. The average number of days that a home took to sell increased by 1 from a year ago to 131 while a sold home achieved an average 97.1% of its listed price, up from the 96.6% a year ago. The average median price of an area home was up 10.4% year on year from $171,750 to $189,644. Total sales in May were 401 which…

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More and more tourists who come to Orlando to visit the theme parks and other attractions are skipping hotels and buying or renting vacation homes. If you live near Disney World or Universal, and are thinking about selling your home, this may be the perfect time to make your move. 

New research from the University of Central Florida’s Rosen College of Hospitality Management shows buyers are willing to pay an average of $269,000 for a vacation home in the attractions area. That’s because the Kissimmee/Osceola County area provides buyers with value, a desired lifestyle and safety. 

Dr. Robertico Croes, a professor at Rosen College, expects this summer to be especially appealing thanks to the Orlando-area’s hot economy, and the opening of “Pandora…

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

                                                                                Community Reports

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*** Published on 1st May 2017 ***   April 'arithmetics' From The Resort Area...   Total resort area sales in April were 10.4% higher than April 2016 as 339 homes changed hands during the month. The number of homes under contract awaiting closure year on year was also up by 17.5% as 703 sales sat pending awaiting closure with the average median price of an area home having increased 9.9% year on year from $170,812 to $187,819. Homes that sold during the month achieved an average 97.2% after having spent 141 days on the market which compares to the 96.7% and 151 days recorded 12 months ago. Total market inventory was down by 3.7% from last month at 1,791 listings and down 12.4% from the April 2016 level of 2,014. By type the April inventory…

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

                                                                                Community Reports

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***Published on 1st April 2017***

March 'murmurings' From The Resort Area...

The total resort area inventory offered for sale stood at 1859 homes at the end of March which is an 8.1% decrease from the corresponding month last year and a 5.6% decrease from last months 1964 recorded total. By listing type the March total recorded 1806 normal owner listings which was a 4.9% decrease from February and 5.9% lower than March 2016. Bank owned listings at 34 were down from 63 last year with the short sale total of 19 down 16 from the 35 recorded total of March 2016. The sales total of 281 closings in March was identical to the March 2016 total but up by 9 from the February 272 recorded sales. Homes that closed took an average 133 days to sell which compares…

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

                                                                                Community Reports

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***Published on 1st March 2017***

February 'facts' From The Resort Area...

The number of sold homes during February totaled 272 which was 11.2% up on the corresponding months total last year when 245 changed hands. Homes that sold achieved an average 97.3% after spending 134 days on the market which compares to an average 129 days and 96.6% achieved a year ago. Overall inventory year on year was down 4.5% at 1,964 listings with normal owner sales accounting for 96.4% of the current inventory total at 1,894. Bank owned listings represented 2.1% at 42 whilst short sales of 28 listings comprised the remaining 1.5%. The resort area median price is up 8.5% from a year ago at $184,363 whilst the number of homes under contract awaiting closure was 14.6%…

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***Published on 1st February 2017***

January 'Journal' From The Resort Area...

Overall Inventory recorded little change year on year as Januarys report revealed a total of 2,032 listings which compared to 2,023 in January 2016. By listing type normal owner listed homes were up 2.7% at 1964 while bank owned listing were down 43.3% at 41. Short sales listed were also down by 14 listings from January 2016 at 27. The average price that a sold home achieved was unchanged at 97% of the asking price while the number of days that a home took to sell was up by 4 from the corresponding month last year at 135. The median price of a resort area home increased 9.5% year on year to $184,462 from $167,509 in January 2016. The number of closed homes during January…

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

                                                                                Community Reports

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