The Numbers | Page #2

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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August 'arithmetic' from the Resort Area...

The resort area market reported 331 sales in August which was a 14.6% increase in closings compared to August 2015 and 13 higher than the July 2016 318 closed total. Homes that sold achieved an average 97% of asking price which was up slightly from the 96.8% recorded last month. Homes that sold did so after an average 137 days on the market, up 1 from last month and 8 higher than the 129 days it took for a home to change hands the same month last year. The median price of an area home was up 7.4% year on year to $177,183 with inventory levels almost unchanged from a year ago at 1890 homes listed for sale. By type current inventory comprised 1,811 normal owner listings, 48 bank owned homes and 31 short sales.…

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

                                                                                Community Report

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May 'musings' from the Orlando resort area...

The number of homes available in the resort area was down 3% from April as 1955 were recorded as listed for sale. The only type of listing class that showed an increase was short sales which were up a net 3 from April at 34. Bank owned listings were down 20 month on month at 41 while normal owner listings fell 64 at 1955. The average days on market that a home took to sell was unchanged from last month at 130 whilst the average price achieved of a home that closed was down very slightly from last month at 96.6% from 96.7% in April. The average price of a home in our market was up 0.6% from last month at $171,500 and was 5.2% higher than the May 2015 figure of $162,956. During May the market saw 167 homes…

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

                                                                                Community Report

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Buying a second home in Orlando is a decision that requires careful study of your finances to make sure this investment is one you can truly afford. Once you’ve committed to the idea, and have enough funds on hand for a down payment, you can explore ways to save money on closing costs for your vacation home.

Closing costs are the final fees a buyer pays before completing the purchase of a property. These fees are paid to third parties that assist with the mortgage, such as the lender, as well as optional ones, such as mortgage discount points and fees that must be paid to others parties for title/escrow and insurance. There are two types of closing costs – recurring and non-recurring costs.

Recurring costs that need to be paid more than once include:

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