Orlando Real Estate Market News | Page #16

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

                                                                                Community Reports

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Published on 1st November 2016

October 'oracle' From The Resort Area...

Total closings across the resort area were down a net 17 homes from last month as 263 homes changed hands in October while year on year figures recorded 32 less closings than the October 2015 sold total. Overall inventory of homes was up 16 from last month at 1939 and up 76 from October last year. By type month on month figures revealed that normal owner listings increased by a net 16 at 1939, bank owned were up 1 at 40 and short sales increased by 2 to 29. The average days on market that a home takes to sell was down by 1 from last month at 133 whilst the average price that a sold home achieved considered against listing price was 97% which is unchanged from last month. The…

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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 Resort Area...

Inventory levels in September were up a net 33 homes from August to a revised 1923 listings which was 69 homes above the 1854 total of September 2015. By listing bank owned month on month listings were down 9 at 39 whilst short sale listings fell 4 at 27. Normal owner listings showed an increase in net inventory as 46 homes were added during the month to give a revised 1857 total.  The September activity report also detiled that 281 homes changed ownership in the short term rental communities during the month which was 50 below August and 39 lower than the 523 total closed in September 2015. The average days on market that a home takes to sell was down 3 to 134 but up 3 from the 131 level of September…

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

                                                                                Community Report

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

                                                                                Community Report

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

The July resort area inventory was up 19 homes from last month and 25 homes higher than July 2015 to a revised total 1,975 listings. Considered against last month all listing groups indicated slight increases as normal owner listings rose by 11 at 1,896, bank owned increased by 5 at 48 and short sales rose 3 at 31. The average days on market that a home took to sell was up 2 from June at 136 and up 8 from the July 2015 figure of 128. The average price a home achieves at sale when compared to asking price was 96.8% from 97% in June and 96.6% in June 2015. The resort area median price was up 0.8% month on month at $174,990 and up year on year by 6.4% from $164,500. During July 167 homes were withdrawn from…

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

                                                                                Community Report

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June 'journal' from the Orlando resort area...

The total number of June closings were up 22.9% from May as 413 homes changed hands during the month. This total represented an increase of 32.7% on the June 2015 sold total of 311. The average closed home achieved 97% of the asking price which was up on the 96.6% recorded in both May and June 2015. The average days on market that a home takes to sell was 134 which was a rise of 4 days from the 130 recorded last month and the 129 days seen in June 2015. The areas median price was up 5.8% year on year at $173,461 whilst the number of homes under contract awaiting closure was 593, down 21 from the 614 recorded total of last month. During June 134 homes were withdrawn from the resort area market having been…

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The stunning move by U.K. voters to abandon the European Union has roiled world financial markets in recent days. But what will Brexit’s impact be on the Orlando real estate market?

Some analysts believe the decision could be a boon for home sellers. Mortgage rates, which were already at low rates, have fallen further, making housing more affordable for buyers who wish to finance their purchase. Orlando’s housing market has already been gaining strength.  The Orlando Regional Realtors Association reported that home sales rose 7 percent in May, compared to a year ago. 

Erin Lantz, VP of mortgages at real estate hub Zillow told USNews.com there may be more international interest in U.S. real estate assets in the days and weeks ahead, "because it may be…

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