Central Florida homes sales are still going strong. According to Orlando Regional Realtor Association (ORRA), there were 2,387 closed sales in July 2010. Nearly 4% higher than July 2009 numbers of 2,299 closed sales. We have currently sold nearly 40% more homes this year than this time last year. Although our median price dipped to $109,900 from June 2010 of $115,000, the normal/traditional sales increased nearly 4% while bank owned sales dropped 4.52% and short sale properties remained steady. Pending sales are up 18.41% over June 2009 and inventory levels are 3.88% lower than June 2009. This gives us an inventory level of 6.94 month supply where as an inventory of 6 month supply is a good balance between buyers and sellers. Click Here to read the full report
Lovely 1995 manufactured home on 1.4 acres of land. Horses welcome! Live just minutes from fine dining, shopping and entertainment with nearby Seminole Town Center Mall, state of the art equestrian center, soccer facilities and one of the finest parks in Seminole County, Sylvan Lake Park. Easy access to all of Central Florida with nearby I-4 & 417. Click Here for more info.
Central Florida continued with another strong month in home sales for June 2010. According to Orlando Regional Realtor Association (ORRA), there were 2,834 closed sales in June 2010. Nearly 28% higher than June 2009 numbers of 2,220 closed sales. Our median price rose for the 6th straight month and sits now at $116,000 compared to $102,000 in January 2010. We are now only a little over 11% below previous year median price which is good news compared to seeing 20% or more in home value declines in our area. Pending sales are up 33% over June 2009 while inventory levels are 8.56% lower than June 2009. This gives us a good indicator of future strong sales that should occur in the coming months and hopefully controlled inventory levels. CLICK HERE to read the full report.
Move in ready home that is NOT a Short Sale or Bank Owned property. Home features a large partially fenced back yard with mature trees, flexible floor plan layout by either utilizing living room/dining room combo and kitchen/family room combo or simply utilize large living area and separate dining room/kitchen combo. For more information on this property, Click Here.
Short Sale. Great deal for this Move-In Ready Home. Remodeled in 2006 with new windows, electrical, HVAC, plumbing & siding. Roof was replaced in 2005. Inside utility room. Lot is made up of 3 parcels with possibility to subdivide and obtain additional buildable lot. Buyer responsible to verify with city of Sanford for opportunity to subdivide for possible buildable lot. For more information on this property, Click Here.
Continuing with strong sales and Pending contracts, Central Florida median home prices have risen now for five months in a row. Although it’s been minimal increases, it’s increases none the less. According to Orlando Regional Realtor Association (ORRA), May 2010 homes sales were up 38.42% over May 2009 and Pending sales are up nearly 57% over May 2009. The good news indicator is that the Home Buyer Tax Credit had expired April 30, 2010 and our Pending sales are well above last years. This gives us a good indicator of future strong sales that should occur in our market.
May 2010 median price was .33% above April 2010 median price and was only 11.25% below May 2009 median price. This continues to be great news compared to seeing 20% or more in home value declines for our area.
Foreclosures and Short Sales still make up the majority of our market’s inventory, but reports have been good as to the decrease in the number of filings, which have been down since this time last year. Our market is made up of about 65% in bank owned & short sale properties. The median price for ‘Normal’ sales, (non foreclosures and non short sale), remained even at $160,000 for May 2010. More good news is that the current number of homes on the market stayed below 16,000. Click Here to read the full report.
Central Florida median home prices have been rising. Even though the numbers are conservative, it’s good to see we are experiencing some positive momentum right now. Some of that momentum could be contributed to the now expired government tax credit, but none the less, we’re going in the right direction. According to the report by the Orlando Regional Realtor Association (ORRA), April 2010 was only 11.54% below April 2009 median price. This has been much better than seeing 20% or more in our home values. We are also still outpacing last years sales by 32.74%.
The number of foreclosures are reported to be at manageable levels and hoping it stays this way. Our market is still made up of about 67% in bank owned & short sale properties. Bank owned properties make up roughly 46% of this number. The median price for ‘Normal’ sales, (non foreclosures and non short sale), was $160,000 for April 2010. More good news is that our Pending sales are still very strong and the current number of homes on the market dropped slightly again for April 2010. Click Here to read the full report.
Bank Owned Lot. Bring your own builder. Lot is approximately 100′ x over 400′ deep based on county property appraiser mapping. Buyer responsible for verification of lot size/dimensions and all building, zoning, environmental, etc. requirements. Click Here for more info.
Three Bank Owned Lots Available in Beautiful Clermont, FL area. Lots 12, 14 & 16 of Williams Place subdivision. Bring your own builder. Deed restrictions apply. Excellent location with nearby shopping & restaurants. Click Here for more information.
Just Listed – Bank Owned Golf Frontage Lot in Gated Golf Course Community, Villas of Westridge, of Debary Golf and Country Club. Deed restrictions required. Close to nearby shopping & restaurants. Within 30 to 45 minutes of beaches and Orlando. Click Here for more info.
Take a look at the March 2010 Central Florida Real Estate Market Update provided by Orlando Regional Realtor Association (ORRA). February 2010 home sales were up nearly 40% over February 2009. After a drop in median homes prices from December 2009 to January 2010, median home prices climbed higher for February 2010 by 6.07% over January 2010. The median price for ‘Normal’ sales, (non foreclosures and non short sale), is $168,100. Overall, our area median price was down 26.71% compared to February 2009, but Pending sales are still very strong and the number of homes on the market is still nearly 28% lower compared to February 2009 numbers.
