Orlando Real Estate Market News | Page #16

 December 'data' from the Resort Market . . . 

The final update for 2015 revealed that 26 more homes sold during December than closed during November as 288 homes changed hands across the Resort area. The December median price was up 1.1% month on month to a revised $167,856 and up 4.1% from the December 2014 recorded median price of $161,237. The number of homes listed  for sale stood at 1834 which recorded a fall month on month in all listing categories as normal owner listings fell by 52 at 172. Bank owned listings were down 23 at 75 and short sales decreased by 7 at 35. Homes that did sell during December achieved an average 96.6% of the listed price which was unchanged from November but up 0.3% compared to December 2014. The average days on market…

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November 'numbers' from the Orlando resort area...

The median price of an Orlando resort area home was down 0.4 % from October at $165,993 from $166,656 but still remains 2.8% higher than the $161,375 median price of November 2014. During November 262 homes changed hands which was 33 less than in October when 295 sold but 13 higher than the corresponding month total last year. The average days on market that a home took to sell was down 2 from October at 130 while the average price that a home achieved at closing compared to list price remained unchanged at 96.6%. The markets overall inventory level increased by a net 13 homes during November to 1876 listings and also rose by 218 homes when compared to the November 2014 total of 1658. Further inspection…

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October 'oracle' from the Orlando resort area...

The average days on market that a home took to sell in the Resort area increased by 1 during October to a revised 132 day average whilst the average price that a home achieves at closing compared to listed price is up slightly from last month at 96.6%. The areas total inventory increased by a net 9 homes during October to 1863 listings but is up by 307 homes compared to the October 2014 1566 total. By listing type the current inventory mix records 1711 normal owner listings, a net rise of 14 from last month. Bank owned listings month on month were down 1 at 102 while short sales fell by 4 to 50. The resort areas median price was up 0.4 % from last month at $166,656 from $165,375 to be 2.5% higher than…

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Does your idea of paradise include eating a cheeseburger, sipping a margarita and splashing around in a water park? If so, you may want to consider buying a vacation home in the Jimmy Buffett-themed resort community that’s coming to western Osceola County. 

Inspired by the casual, laid-back style of the singer/songwriter, MargaritaVillage will feature more than 1,000 vacation rental homes, timeshares and condos on 300-acres south of US 192 and State Road 429 in the Four Corners area. The resort community will be home to another Margaritaville Hotel, as well as a slew of amenities including an arcade, spa, planetarium, fishing school, paddle boarding, kayaking, a 12-acre water park, and a man-made swimming lagoon. A 200,000 square foot retail village…

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

                                                                                Community Report

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September 'summations' from the Orlando resort area...

Overall inventory across the Orlando resort area was down by 38 homes from August at 1854 listings but up 300 compared to the September 2014 1544 recorded total. Month on month figures revealed that normal owner listings fell by 9 at 1697. Bank owned were also down by 28 at 103 while short sales fell by 1 to 54. The average days on market that a home takes to sell was up 2 from August at 131 whilst the average price a home achieves compared against listing price was down slightly from last month at 96.5%. The resort area median price was up 0.8% from August at $165,375 from $164,125 and is 1.5% higher than the $163,012 median price of August 2014. September saw 156 homes withdrawn from the market…

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August 'arithmetic' from the Orlando resort area...

August sales across the Orlando resort area were down 5.3% month on month as records record that 283 homes have changed ownership in the last 31 days. Year on year figures show this to be an increase of 58 closings compared to the August 2014 225 recorded total. Homes sold during August achieved on average 96.6% of the asking price (unchanged from last month) after 129 days on the market, a rise of 1 day from both last month and the August 2014 recorded figure. The resort area median price remained little changed from last month at $164,125 from $164,450 last month but is 3.7% higher than the $158,125 recorded median price of August 2014. Inventory levels overall were 28% higher than a year ago with…

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