tag:blogger.com,1999:blog-10115572228895120702024-02-18T18:55:46.716-08:00Your Central Florida RealtorBuying or Selling? News to Help You Choose!
www.WaypointeRealty.comLife As I See Ithttp://www.blogger.com/profile/11687632714805133013noreply@blogger.comBlogger53125tag:blogger.com,1999:blog-1011557222889512070.post-66664505239823377662017-07-05T08:15:00.001-07:002017-07-05T08:15:15.579-07:00Waypointe Realty Testimonial: Chris and Robyn<iframe allowfullscreen="" frameborder="0" height="344" src="https://www.youtube.com/embed/WqA31lVNpNU" width="459"></iframe>Anonymoushttp://www.blogger.com/profile/10615808693548487783noreply@blogger.com0tag:blogger.com,1999:blog-1011557222889512070.post-21475576108555971262015-12-19T11:41:00.001-08:002015-12-19T11:41:36.840-08:00Gorgeous new listing in Timber Isle communityStart the new year in your new home! Located in the gated community of Timber Isle in Avalon Park, this beautiful 4/3 home is ready for new owners.<br />
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<br />Anonymoushttp://www.blogger.com/profile/10615808693548487783noreply@blogger.com0tag:blogger.com,1999:blog-1011557222889512070.post-9021022364654722632014-02-18T07:46:00.004-08:002014-02-18T07:46:57.424-08:00February 2014 - Market Pulse Report<div class="separator" style="clear: both; text-align: center;">
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<span style="font-weight: bold;"><span style="font-style: italic;"><br /></span></span>
<span style="font-weight: bold;"><span style="font-style: italic;"><br /></span></span>
Inventory is at the highest I've seen it in years and it has really allowed me to show buyers several houses and not be rushed into making an offer that same day. Sure, we have within a week or there's another offer, but that's much better than the multiple offers occurring on the day or two after a home as been on the market.<br />
<br />
Things are looking good for buyers!<br />
<span style="font-weight: bold;"><span style="font-style: italic;"><br /></span></span>
<span style="font-weight: bold;"><span style="font-style: italic;">Sales</span></span><br />
<br />
<br />
*Orlando
home sales (all home types and all sales types combined) in January 2014 were down
10.67 percent when compared to January of 2013 and down 26.32 percent when compared
to December 2013.<br />
<br />
<br />
*Single-family
home sales in the Orlando area decreased by 11.38 percent in January when
compared to January
2013 and decreased 28.57 percent compared to December 2013. Condo sales decreased
by 13.91 percent year to year; townhomes and villa sales inched up by 0.54
percent.<br />
<br />
<br />
*Of
the 1,800 sales in January, 1,126 normal sales accounted for 62.56 percent of
all sales, while 463 bank-owned and 211 short sales respectively made up 25.72
percent and 11.72 percent.<br />
<br />
<br />
*The
number of normal sales in January increased by 13.05 percent compared to January
2013, while short-sales decreased 56.13 percent and foreclosures decreased by 13.94
percent.<br />
<br />
<br />
*The 6,460 pendings in January of this year is a decrease of
23.39 percent compared to the 8,432 pendings in January of last year (and a 7.20
percent increase compared to the 6,062 pendings last month).<br />
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<br />
*Short sales made up 48.98 percent of pendings in January, a
decline of 41.81 percent from January of last year. Normal properties accounted
for 32.76 percent (an increase of 9.92 percent) and bank-owned properties
accounted for 18.27 percent (and increase of 10.28 percent).<br />
<br />
<br />
<span style="font-style: italic; font-weight: bold;">Median Price</span><br />
<br />
*The
median price of all existing homes combined sold in January 2014 — $149,950 — is
an 18.07 percent increase from the $127,000 median price recorded in January 2013.<br />
<br />
<br />
*The
median price for "normal” existing homes sold in January is $171,750, an increase
of 10.81 percent from the median price of "normal” existing homes in January
201<a href="" name="OLE_LINK1"></a><a href="" name="OLE_LINK2">3.</a><br />
<a href="" name="OLE_LINK2"><br /></a>
<br />
*The
year-to-year median price for short sales increased by 11.11 percent to $120,000
in January, while the median price for bank-owned sales increased by 11.92 percent
to $108,000.<br />
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<br />
<span style="font-weight: bold;"><span style="font-style: italic;"></span></span><span style="font-weight: bold;"><span style="font-style: italic;">Inventory</span></span><span style="font-weight: bold;"><span style="font-style: italic;"></span></span>
<br />
<br />
*There
are currently <span style="background-color: yellow;">9,927 homes available for purchase through the MLS</span>. The January
2014 overall inventory level is <span style="background-color: yellow;">35.32 percent higher </span>than it was in January 2013;
inventory is up 5.37 percent compared to December 2013.<br />
<br />
<br />
*The
inventory of normal sales increased 45.72 percent compared to January 2013,
while foreclosure inventory is up 103.25 percent and short sales are down 20.17
percent.<br />
<br />
<br />
*Year-to-year
single-family home inventory is up 38.32 percent; condo inventory is up 19.32 percent.<br />
<br />
<br />
*The
current pace of sales translates into 5.52 months of inventory supply.<br />
<br />
<br />
<span style="font-weight: bold;"><span style="font-style: italic;">Other</span></span><br />
<br />
*New
contracts are down 6.79 percent compared to January of 2013. New listings are up
16.96 percent.<br />
<br />
<br />
*The
Orlando affordability index increased to 191.09 percent in January. First-time
homebuyer affordability in January increased to 135.89 percent. <br />
<br />
<br />
*Homes of all types spent an average of 72 days on the
market before coming under contract in January 2014, and the average home sold
for 96.35 percent of its listing price.Anonymoushttp://www.blogger.com/profile/10615808693548487783noreply@blogger.com0tag:blogger.com,1999:blog-1011557222889512070.post-56868734553715102342014-01-24T14:12:00.001-08:002014-01-24T14:12:23.297-08:00Interior Design Trends 2014<div class="separator" style="clear: both; text-align: center;">
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<a href="http://www.leedesignandinteriors.com/wp-content/uploads/2013/08/romantic-Traditional-Kitchen-Foto.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="http://www.leedesignandinteriors.com/wp-content/uploads/2013/08/romantic-Traditional-Kitchen-Foto.jpg" height="238" width="320" /></a>So what's in and what's out in interior design?<br />
<br />
Everyone has their own personal style when it comes to decorations and home improvements. Most of the time that is dictated by the current trends because that determines the availability of supplies.<br />
<br />
According to WSJ, here is the overall pulse of today's interior design:<br />
<br />
<b><u><br /></u></b>
<b><u><br /></u></b>
<b><u><br /></u></b>
<b><u><br /></u></b>
<b><u>What's Hot:</u></b><br />
<br />
<ul><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEglp-pg2fpI8M9Wr062HMsgUxPTsSTo5K8IYRt8Pe-SEJQ1s8YBUkJHgt_nLNKbk0lTgwuCmxXXyCKn82hsRPgv53qqkFcSgu4yOzaQ6eJI5RmRIP1DXuxNSWF4Ju9wee6I7XoEg07OPSk/s576/fifi%252527s%252520house%252520Dan015.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEglp-pg2fpI8M9Wr062HMsgUxPTsSTo5K8IYRt8Pe-SEJQ1s8YBUkJHgt_nLNKbk0lTgwuCmxXXyCKn82hsRPgv53qqkFcSgu4yOzaQ6eJI5RmRIP1DXuxNSWF4Ju9wee6I7XoEg07OPSk/s576/fifi%252527s%252520house%252520Dan015.jpg" height="320" width="230" /></a>
<li>Quartz countertops </li>
<li>Macrame wall decor </li>
<li>Corduroy</li>
<li>Acrylic furniture </li>
<li>Dark accent walls</li>
</ul>
<div>
<b><u>What's Not:</u></b></div>
<div>
<ul>
<li style="text-align: left;">Granite countertops - while they were hot for a long time, they're definitely on their way out</li>
<li>Apron-front sicks</li>
<li>Strong, angular shapes in bathrooms</li>
<li>Animal decorative motifs (blinky owls, foxes, timid deer)</li>
</ul>
<div>
<br /></div>
<div>
At the end of the day, trends always come and go, but get what you like and what you feel comfortable in. Some of those items that were labeled the new trends aren't my cup of tea (Macrame...really???) I'll pass and stick to what I like...but for those that are interested, here you go =)</div>
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<br />Anonymoushttp://www.blogger.com/profile/10615808693548487783noreply@blogger.com0tag:blogger.com,1999:blog-1011557222889512070.post-89069770957314064112013-11-15T10:15:00.000-08:002013-11-15T10:17:20.168-08:00Market Pulse Report - November 2013<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh7FoHAWucIQAZlH2MXPOHsaI9TtE5V7aUpejn3eXTkgb-Ps8jlBCWTb2DUnv5dztJIPJVR4P2YA-gKrmBrOcwYT7OFLgrbeJL1Z9wCarkBogWWZdVo96Zo92fYiBcRjJE2LIobQNendAXG/s1600/Chart112013.gif" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh7FoHAWucIQAZlH2MXPOHsaI9TtE5V7aUpejn3eXTkgb-Ps8jlBCWTb2DUnv5dztJIPJVR4P2YA-gKrmBrOcwYT7OFLgrbeJL1Z9wCarkBogWWZdVo96Zo92fYiBcRjJE2LIobQNendAXG/s1600/Chart112013.gif" /></a></div>
Since June of this year, the market has really changed in inventory, and sales. With mortgage rates increasing since May, there's been a little more inventory for buyers. While it's still low, there have been more opportunities for buyers to at least view a few homes before needing to decide on one just because it's flying off the market with multiple offers.<br />
<br />
Here's the rundown:<br />
<br />
<br />
<strong><em>Sales</em></strong><br />
*Orlando home sales (all home types and all sales types combined) in
October 2013 were down 10.46 percent when compared to October of 2012
and down 5.40 percent when compared to September 2013.<br />
<br />
*Single-family home sales in the Orlando area decreased by 11.17
percent in October when compared to October of last year. Villa sales
decreased by 3.70 percent; condo sales decreased 10.54 percent.<br />
<br />
*Of the 2,312 sales in October, 1,484 normal sales accounted for
64.19 percent of all sales, while 479 bank-owned and 349 short sales
respectively made up 20.72 percent and 15.10 percent.<br />
<br />
*The number of normal sales in October increased by 22.14 percent
compared to October 2012, while short-sales decreased 54.26 percent and
foreclosures decreased by 19.90 percent.<br />
<br />
*The 7,099 pendings in October of this year is a decrease of 23.27
percent compared to the 9,252 pendings in October of last year (and a
1.73 percent decrease compared to the 7,224 pendings last month).<br />
<br />
*Short sales made up 52.54 percent of pendings in October. Normal
properties accounted for 32.36 percent and bank-owned properties
accounted for 15.10 percent.<br />
<br />
*Sales of existing homes within the entire Orlando MSA (Lake, Orange,
Osceola, and Seminole counties) in October were down by 8.88 percent
when compared to October of 2012. Throughout the MSA, 2,811 homes were
sold in October 2013 compared with 3,085 in October 2012. To date, sales
throughout the MSA are 6.90 percent above this time last year.<br />
<ul>
</ul>
<strong><em>Median Price</em></strong><br />
*The median price of all existing homes combined sold in October 2013
— $154,500 — is a 26.12 percent increase from the $122,500 median price
recorded in October 2012.<br />
<br />
*The median price for "normal” existing homes sold in October is
$180,000, an increase of 12.50 percent from the median price of "normal”
existing homes in October 2012.<br />
<br />
*The year-to-year median price for short sales increased by 19.40
percent to $120,000 in October, while the median price for bank-owned
sales increased by 10.08 percent to $95,000.<br />
<br />
<strong><em>Inventory</em></strong><br />
*There are<span style="background-color: yellow;"> currently 9,470 homes available for purchase</span> through the
MLS. The October 2013 overall inventory level is 17.00 percent higher
than it was in October 2012; inventory is up 3.76 percent compared to
September 2013.<br />
<br />
*Year-to-year <span style="background-color: yellow;">single-family home inventory is up 15.99 percent</span>; condo inventory is up 15.56 percent.<br />
<br />
*The current pace of sales translates into 4.10 months of inventory supply.<br />
<br />
<em><strong>Other</strong></em><br />
*New contracts are down 4.52 percent compared to October of 2012. New listings are up 18.31 percent.<br />
<br />
*The Orlando affordability index increased to 189.20 percent in
October. First-time homebuyer affordability in October increased to
134.54 percent.<br />
<br />
*Homes of all types spent an average of 64 days on the market before
coming under contract in October 2013, and the <span style="background-color: yellow;"><b>average home sold for
96.18 percent of its listing price.</b></span>Anonymoushttp://www.blogger.com/profile/10615808693548487783noreply@blogger.com0tag:blogger.com,1999:blog-1011557222889512070.post-79804246895831620322013-10-15T13:06:00.002-07:002013-10-15T13:07:29.011-07:00Market Pulse Report - September 2013<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg-3fp4HCqIzRYwiJQrQkcYNyEsEy41bqhFP16_zzaKpdd3eZmYlil_BV-JsrTedDx6rbNM_KmSHYdA5vLUroEmQIoLzJn0tie-1EmAmoNJAB1HGeKfDuCKv-jvVyRwVxL5FE8ofK23OOaL/s1600/Screen+Shot+2013-10-15+at+3.53.21+PM.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="401" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg-3fp4HCqIzRYwiJQrQkcYNyEsEy41bqhFP16_zzaKpdd3eZmYlil_BV-JsrTedDx6rbNM_KmSHYdA5vLUroEmQIoLzJn0tie-1EmAmoNJAB1HGeKfDuCKv-jvVyRwVxL5FE8ofK23OOaL/s640/Screen+Shot+2013-10-15+at+3.53.21+PM.png" width="640" /></a></div>
<br />
Out of all the information out there, one main update is this: Prices are going up and so is the interest rate. Here is the rundown of stats:<br />
<strong><em><br /></em></strong>
<strong><em>Sales</em></strong><br />
<span style="background-color: yellow;">*Orlando home sales (all home types combined) in September 2013 were up
4.70 percent when compared to September of 2012 and down 17.10 percent
when compared to August 2013</span>.<br />
<br />
*Single-family home sales in the
Orlando area increased by 7.59 percent in September when compared to
September of last year. Villa sales increased by 16.24 percent; condo
sales decreased 15.60 percent.<br />
<br />
*<span style="background-color: yellow;">Of the 2,404 sales in September,
1,543 normal sales accounted for 64.18 percent of all sales</span>, while 437
bank-owned and 424 short sales respectively made up 18.18 percent and
17.64 percent.<br />
<br />
*The number of <span style="background-color: yellow;">normal sales in September increased
by 40.27 percent</span> compared to September 2012, while short-sales decreased
34.87 percent and foreclosures decreased by 19.82 percent.<br />
<br />
*The
7,224 pendings in September of this year is a decrease of 22.05 percent
compared to the 9,268 pendings in September of last year (and a 3.92
percent decrease compared to the 7,519 pendings last month).<br />
<br />
*Short
sales made up 54.18 percent of pendings in September. Normal properties
accounted for 30.70 percent and bank-owned properties accounted for
15.12 percent.<br />
<br />
*Sales of existing homes within the entire Orlando
MSA (Lake, Orange, Osceola, and Seminole counties) in September were up
by 4.27 percent when compared to September of 2012. Throughout the MSA,
2,832 homes were sold in September 2013 compared with 2,716 in September
2012. To date, sales throughout the MSA are 8.56 percent above this
time last year.<br />
Each individual county’s monthly sales comparisons are as follows:<br />
<ul>
<li>Lake: 17.58 percent above September 2012;</li>
<li>Orange: 0.07 percent below September 2012;</li>
<li>Osceola: 3.40 percent above September 2012; and</li>
<li>Seminole: 7.32 percent above September 2012.</li>
</ul>
<strong>Median Price</strong><br />
*<span style="background-color: yellow;">The
median price of all existing homes combined sold in September 2013 —
$155,475 — is a 24.48 percent increase from the $124,900 median price
recorded in September 2012.</span><br />
<br />
*The median price for "normal”
existing homes sold in September is $180,000, an increase of 12.50
percent from the median price of "normal” existing homes in September
2012.<br />
<br />
*The year-to-year median price for short sales increased by
30.00 percent to $130,000 in September, while the median price for
bank-owned sales increased by 19.40 percent to $100,299.<br />
<strong><br /></strong>
<strong>Inventory</strong><br />
*There
are currently 9,127 homes available for purchase through the MLS. The
September 2013 overall inventory level is 13.06 percent higher than it
was in September 2012; inventory is up 6.42 percent compared to August
2013.<br />
<br />
*Year-to-year single-family home inventory is up 12.65
percent; condo inventory is up 9.93 percent.<br />
<br />
*The current pace of sales
translates into 3.80 months of inventory supply.Anonymoushttp://www.blogger.com/profile/10615808693548487783noreply@blogger.com0tag:blogger.com,1999:blog-1011557222889512070.post-24789367381916995572013-08-15T10:31:00.000-07:002013-08-15T10:31:04.027-07:00Market Pulse Report - July 2013<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhh-gQfo-e_v8vQNbiViM6x235kJbplLlPFsgGrchtVu9lFqCwjkidPcwamlutxLUVsNUbi-mR6Gcv_Bw9ma5XZq_hAcMK4SDxdDzW8Vmx_VBLgupH1pp1m6gWADcJ3Rzmow5MBc4bdO3PA/s1600/Screen+Shot+2013-08-15+at+12.56.07+PM.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="406" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhh-gQfo-e_v8vQNbiViM6x235kJbplLlPFsgGrchtVu9lFqCwjkidPcwamlutxLUVsNUbi-mR6Gcv_Bw9ma5XZq_hAcMK4SDxdDzW8Vmx_VBLgupH1pp1m6gWADcJ3Rzmow5MBc4bdO3PA/s640/Screen+Shot+2013-08-15+at+12.56.07+PM.png" width="640" /></a></div>
<br />
It's exciting to see that there are finally more homes on the market. Still not as many as one would like when dealing with so many buyers, however I'm seeing that there are definitely more options for my buyers.<br />
<br />
There's some great news for sellers as well! Single-family home sales INCREASED by almost 18% compared to this time last year and normal sales are making a comeback (finally!) as they showed an increase by 55%. Traditional sales account for 65% of the total sales. This is great news!<br />
<br />
The best good news for sellers is that the median price for existing homes has increased. <br />
<br />
I love seeing that short sales decreased by almost 30%. Hopefully we'll start getting back to having a regular level of short sales, rather than the influx we've seen over the past 7 years. <br />
<br />
Here's the rundown of what's going on in today's market:<br />
<br />
<br />
<strong><em>Sales</em></strong><br />
*<span style="background-color: yellow;">Orlando home sales (all home types combined) in July 2013 were up
15.28 percent</span> when compared to July of 2012 and up 6.67 percent when
compared to June 2013.<br />
<br />
*<span style="background-color: yellow;">Single-family home sales in the Orlando
area increased by 17.89 percent in July</span> when compared to July of last
year. Villa sales increased by 19.18 percent; condo sales decreased 1.14
percent.<br />
<br />
*Of the 2,836 sales in July, 1,855 normal sales
accounted for 65.41 percent of all sales, while 491 bank-owned and 490
short sales respectively made up 17.31 percent and 17.28 percent.<br />
<br />
*The
number of normal sales in July increased by 55.88 percent compared to
July 2012, while short-sales decreased 29.39 percent and foreclosures
decreased by 14.76 percent.<br />
<br />
*The 7,990 pendings in July of this
year is a decrease of 17.66 percent compared to the 9,704 pendings in
July of last year (and a 5.34 percent decrease compared to the 8,441
pendings last month). <i><span style="color: blue;">(But at least we're increased from last month!)</span></i><br />
<br />
*Short sales made up 55.16 percent of
pendings in July. Normal properties accounted for 31.40 percent and
bank-owned properties accounted for 13.44 percent.<br />
<br />
*Sales of
existing homes within the entire Orlando MSA (Lake, Orange, Osceola, and
Seminole counties) in July were up by 11.90 percent when compared to
July of 2012. Throughout the MSA, 3,377 homes were sold in July 2013
compared with 3,018 in July 2012. To date, sales throughout the MSA are
9.09 percent above this time last year.<br />
<br />
Each individual county’s monthly sales comparisons are as follows:<br />
<ul>
<li><strong>Lake</strong>: 25.54 percent above July 2012;</li>
<li><strong>Orange</strong>: 10.30 percent above July 2012;</li>
<li><strong>Osceola</strong>: 4.02 percent above July 2012; and</li>
<li><strong>Seminole</strong>: 13.08 percent above July 2012.</li>
</ul>
<strong><em>Median Price</em></strong><br />
*The
median price of all existing homes combined sold in July 2013 —
$157,000 — is a 24.60 percent increase from the $126,000 median price
recorded in July 2012.<br />
<br />
*The median price for "normal” existing
homes sold in July is $185,000, an increase of 10.45 percent from the
median price of "normal” existing homes in July 2012.<br />
<br />
*The
year-to-year median price for short sales increased by 13.64 percent to
$125,000 in July, while the median price for bank-owned sales increased
by 16.99 percent to $105,000.<br />
<br />
<strong><em>Inventory</em></strong><br />
*There
are currently 8,099 homes available for purchase through the MLS. The
July 2013 overall inventory level is 0.09 percent lower than it was in
July 2012; inventory is up 6.34 percent compared to June 2013.<br />
<br />
*Year-to-year single-family home inventory is down 2.15 percent; condo inventory is up 2.53 percent.<br />
<br />
*The current pace of sales translates into 2.86 months of inventory supply.<br />
<br />
<strong><em>Other</em></strong><br />
*New contracts are up 1.83 percent compared to July of 2012. New listings are up 17.78 percent.<br />
<br />
*The
Orlando affordability index decreased to 180.54 percent in July.
First-time homebuyer affordability in July decreased to 128.38 percent.<br />
<br />
*Homes
of all types spent an average of 62 days on the market before coming
under contract in July 2013, and the average home sold for 96.69 percent
of its listing price.<br />
Anonymoushttp://www.blogger.com/profile/10615808693548487783noreply@blogger.com1tag:blogger.com,1999:blog-1011557222889512070.post-74597034378928441802013-07-16T12:34:00.001-07:002013-07-16T12:34:31.639-07:00Market Pulse Report - June 2013<br />
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<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjAIP3HqRC6Ck-u3Z5_KWiIQ3si1vqOWxA2wYpxU86vebyYFB8WvKSwYTB1M1tDstWwQF1rwaMq5dnn-zbQ6FM5yCHCTS-VQLFAFmqoGJtk1FCz-xWzv_qkSaRHr3UJltq6xqEs6Ch5yVBp/s1600/Screen+shot+2013-07-16+at+3.26.18+PM.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="474" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjAIP3HqRC6Ck-u3Z5_KWiIQ3si1vqOWxA2wYpxU86vebyYFB8WvKSwYTB1M1tDstWwQF1rwaMq5dnn-zbQ6FM5yCHCTS-VQLFAFmqoGJtk1FCz-xWzv_qkSaRHr3UJltq6xqEs6Ch5yVBp/s640/Screen+shot+2013-07-16+at+3.26.18+PM.png" width="640" /></a></div>
<strong><em><br /></em></strong>
The most important points of today's market seem to reflect more of the same, but then some new items:<br />
<br />
<ul>
<li>Inventory is down from this time last year, but increased by 400 homes compared to last month</li>
<li>Prices have increased steadily the past few months </li>
<li>Listing and sales of traditional homes have increased (this is the best news! - I think we were all getting sick and tired of all the short sales).</li>
</ul>
<br />
<b>For a complete list of homes available in Central Florida register and start searching at <a href="http://www.JenelleFerrer.com/">www.JenelleFerrer.com</a>. </b><br />
<strong><em></em></strong><br />
<a name='more'></a><br />
<strong><em>Sales</em></strong><br />
*Orlando home sales (all home types combined) in June 2013 were down
1.95 percent when compared to June of 2012 and down 14.11 percent when
compared to May 2013.<br />
<br />
*<b style="background-color: yellow;">Single-family home sales in the Orlando area increased by 1.28
percent in June</b> when compared to June of last year. Villa sales
decreased by 3.81 percent; condo sales decreased 15.84 percent.<br />
<br />
*Of the 2,563 sales in June, <b style="background-color: yellow;">1,620 normal sales accounted for 63.21
percent of all sales</b>, while 465 bank-owned and 478 short sales
respectively made up 18.14 percent and 18.65 percent.<br />
<br />
*The number of <b style="background-color: yellow;">normal sales in June increased by 33.88 percent</b>
compared to June 2012, while short-sales decreased 35.84 percent and
foreclosures decreased by 29.44 percent.<br />
<br />
*The 8,441 pendings in June of this year is an increase of 1.31
percent compared to the 8,332 pendings in June of last year (and a 2.20
percent decrease compared to the 8,631 pendings last month).<br />
<br />
*Short sales made up 56.30 percent of pendings in June. Normal
properties accounted for 30.79 percent and bank-owned properties
accounted for 12.91 percent.<br />
<br />
<strong><em>Median Price</em></strong><br />
*The <b><span class="Apple-style-span" style="background-color: yellow;">median price of all existing homes combined</span> </b>sold in June 2013 —
$153,000 — is a <b style="background-color: yellow;">22.40 percent increase</b> from the $125,000 median price
recorded in June 2012.<br />
<br />
*The median price for "normal” existing homes sold in June is
$185,000, an <span class="Apple-style-span" style="background-color: yellow;"><b>increase of 13.85 percent</b></span> from the median price of "normal”
existing homes in June 2012.<br />
<br />
*The year-to-year median price for short sales increased by 4.55
percent to $115,000 in June, while the median price for bank-owned sales
increased by 24.28 percent to $108,000.<br />
<br />
<strong><em>Inventory</em></strong><br />
*There are currently <b style="background-color: yellow;">7,616 homes available for purchase</b> through the
MLS. The June 2013 overall inventory level is <b style="background-color: #e06666;">6.39 percent lower</b> than it
was in June 2012; inventory is up 4.73 percent compared to May 2013.<br />
<br />
*Year-to-year single-family home inventory is down 9.79 percent; condo inventory is up 2.56 percent.<br />
<br />
*The current pace of sales translates into 2.97 months of inventory supply.<br />
<br />
<b><i><br /></i></b>
Anonymoushttp://www.blogger.com/profile/10615808693548487783noreply@blogger.com0tag:blogger.com,1999:blog-1011557222889512070.post-62111538951549803272013-05-15T12:44:00.000-07:002013-05-15T12:44:12.825-07:00Market Pulse Report - May 2013<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjmeqh4XQkgbDxXn7IuJuUtrL7X7Qwd0_DZaF31PTQDVuBrdkpNLE2_YKZ6yI_F78eI7NXPZzGcmhmW4j4EDeSsD3iajWIXWUrpMgNwgrZSnpKfmSlq8HSBrGlC_AIkWQEScHU1fXSM-pM/s1600/Screen+shot+2013-05-15+at+3.32.16+PM.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="408" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjmeqh4XQkgbDxXn7IuJuUtrL7X7Qwd0_DZaF31PTQDVuBrdkpNLE2_YKZ6yI_F78eI7NXPZzGcmhmW4j4EDeSsD3iajWIXWUrpMgNwgrZSnpKfmSlq8HSBrGlC_AIkWQEScHU1fXSM-pM/s640/Screen+shot+2013-05-15+at+3.32.16+PM.png" width="640" /></a></div>
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<br /></div>
<div class="separator" style="clear: both; text-align: left;">
Not much has changed since the <a href="http://jenelleferrer.blogspot.com/2013/04/market-pulse-report-april-2013.html" target="_blank">April Market Pulse Report</a>, but I did have a successful closing last Friday. It was a bank owned property that we won in a bidding war after the highest offer backed out. We were able to close without any major obstacles and most importantly, my buyers were able to obtain the house they wanted. </div>
<div class="separator" style="clear: both; text-align: left;">
<br /></div>
<div class="separator" style="clear: both; text-align: left;">
Two major items to note in the list below of stats are the inventory numbers continually low and the months of inventory supply are at an incredibly low rate of 2.68 months. </div>
<div class="separator" style="clear: both; text-align: left;">
<br /></div>
<blockquote class="tr_bq">
<span class="Apple-style-span" style="font-size: large;">Translation: there are not a lot of properties for sale and the ones that are are flying off the market. </span></blockquote>
<div class="separator" style="clear: both; text-align: left;">
<br /></div>
<div class="separator" style="clear: both; text-align: left;">
So the rundown for the real estate market is....drum roll please....</div>
<div class="separator" style="clear: both; text-align: left;">
<br /></div>
<div class="separator" style="clear: both; text-align: left;">
</div>
<strong><em>Sales</em></strong><br />
<strong><em><br /></em></strong>
*<span class="Apple-style-span" style="background-color: yellow;">Orlando home sales (all home
types combined) in April 2013 were up 10.39 percen</span>t when compared to
April of 2012 and down 0.77 percent when compared to March 2013.<br />
<br />
*<span class="Apple-style-span" style="background-color: yellow;">Single-family
home sales in the Orlando area increased by 15.00 percent in April</span> when
compared to April of last year. Villa sales decreased by 15.74 percent;
condo sales decreased 10.49 percent.<br />
<br />
*Of the 2,689 sales in
April, 1,566 normal sales accounted for 58.24 percent of all sales,
while 553 bank-owned and 570 short sales respectively made up 20.57
percent and 21.20 percent.<br />
<br />
*The number of <span class="Apple-style-span" style="background-color: yellow;">normal sales in April
increased by 41.72 percent</span> compared to April 2012, while short-sales
decreased 20.17 percent and foreclosures decreased by 10.37 percent.<br />
<br />
*The
8,785 pendings in April of this year is a decrease of 12.83 percent
compared to the 10,078 pendings in April of last year (and a 0.16
percent decrease compared to the 8,799 pendings last month).<br />
<br />
*Short sales made up 59.10 percent of pendings in April. Normal properties accounted for 28.84 percent and bank-owned properties accounted for 12.05 percent.<br />
<br />
<br />
<strong><em>Median Price</em></strong><br />
<strong><em><br /></em></strong>
*The
<span class="Apple-style-span" style="background-color: yellow;">median price of all existing homes</span> combined sold in April 2013 —
$145,000 — is a<span class="Apple-style-span" style="background-color: yellow;"> 23.93 percent increase</span> from the $117,000 median price
recorded in April 2012.<br />
<br />
*The median price for "normal” existing
homes sold in April is $173,584, an increase of 10.56 percent from the
median price of "normal” existing homes in April 2012.<br />
<br />
*The
year-to-year median price for short sales increased by 20.53 percent to
$114,500 in April, while the median price for bank-owned sales increased
by 12.25 percent to $95,300.<br />
<strong><em><br /></em></strong>
<strong><em>Inventory</em></strong><br />
<strong><em><br /></em></strong>
*There
are currently<span class="Apple-style-span" style="background-color: yellow;"> 7,202 homes available for purchase</span> through the MLS. The
April 2013 overall inventory level is 16.66 percent lower than it was in
April 2012.<br />
<br />
*<span class="Apple-style-span" style="background-color: yellow;">Single-family home inventory is down 20.43 percent</span>; condo inventory is down 3.06 percent.<br />
<br />
*The current pace of sales translates into<span class="Apple-style-span" style="background-color: yellow;"> 2.68 months of inventory supply</span>.<br />
<br />
<br />Life As I See Ithttp://www.blogger.com/profile/11687632714805133013noreply@blogger.com0tag:blogger.com,1999:blog-1011557222889512070.post-7387397904090449172013-04-30T13:31:00.002-07:002013-04-30T13:31:29.139-07:00Home Prices Rise - Most in almost 7 years<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><span class="Apple-style-span" style="margin-left: auto; margin-right: auto;"><a href="http://www.jenelleferrer.com/" target="_blank"><img border="0" height="240" src="http://sophiadegroen.com/realestate/wp-content/uploads/2012/06/homespricerise.jpg" width="320" /></a></span></td></tr>
<tr><td class="tr-caption" style="text-align: center;"><a href="http://www.jenelleferrer.com/" target="_blank">Source: http://sophiadegroen.com/realestate/wp-content/uploads/2012/06/homespricerise.jpg </a></td></tr>
</tbody></table>
<div class="separator" style="clear: both; text-align: center;">
<br /></div>
When we say the <a href="http://www.floridarealtors.org/NewsAndEvents/article.cfm?p=5&id=290619" target="_blank">home prices have risen</a>, it's not a small percentage. Compared with last year in February, home prices in Central Florida saw a rise of 9.3%. This increase hasn't been seen in <a href="http://articles.orlandosentinel.com/2013-03-19/business/os-orlando-home-sales-20130318_1_home-prices-core-orlando-market-sales-prices" target="_blank">Central Florida</a> for almost 7 years.<br />
<br />
This does not come as a surprise to buyers in today's market searching for a home, only to find themselves in one bidding war after another. With inventory shrinking monthly and a growing number of buyers, there is a limited selection in the amount of homes on the market.<br />
<br />
<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><span class="Apple-style-span" style="margin-left: auto; margin-right: auto;"><a href="http://www.jenelleferrer.com/" target="_blank"><img border="0" height="212" src="http://www.hollysellsaz.com/briefcase/19709_13201181241AM45174.jpg" width="320" /></a></span></td></tr>
<tr><td class="tr-caption" style="text-align: center;"><a href="http://www.jenelleferrer.com/" target="_blank">Source: http://www.hollysellsaz.com/briefcase/19709_13201181241AM45174.jpg</a></td></tr>
</tbody></table>
<br />
Foreclosures are down, bank owned homes are down, and the growing number of traditional sales get swept off the market before even hitting 5 days.<br />
<br />
This is a great time for seller's to get back into the game. <b>If your home is in good condition in a desirable neighborhood, it will sell. </b><br />
<blockquote class="tr_bq">
"Steady home price gains can help drive the housing recovery. Higher home prices encourage more people to buy before prices rise further." -<a href="http://www.floridarealtors.org/NewsAndEvents/article.cfm?p=5&id=290619" target="_blank">Associated Press</a></blockquote>
<b>Buyers:</b> Don't get discouraged if you get outbid. Your home is out there, it may just take some time. I have great testimonials from buyers that were outbid month after month (this was even after offering over asking price). When we finally bid on the perfect home, they got it. Hopefully it's sooner rather than later, for the sake of interest and price.<br />
<br />
<b>Sellers:</b> This is a great time to sell if you're ready. If you feel like hanging on a little longer, prices will continue to steadily increase.<br />
<br />
If you're ready to buy or sell in Central Florida, <a href="mailto:jenelleferrer@yahoo.com" target="_blank">let me know</a> and I'll be more than happy to assist you!<br />
<br />
Happy House Hunting!Life As I See Ithttp://www.blogger.com/profile/11687632714805133013noreply@blogger.com0tag:blogger.com,1999:blog-1011557222889512070.post-57771429284659168182013-04-15T12:15:00.003-07:002013-04-15T12:15:43.305-07:00Market Pulse Report- April 2013<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgCf9taTDdBMn5B1yC_d24dhLWwLhHYAWkjEWuov7iy6SGcm301rF5VNzHY0Zjic0efxVbRJwvQbUuGBt7OXu7vo-RMbqRV4IU371GBAxBHeB-8D8E59sPV4AW_uMZpPssf9tGZW056cCw/s1600/Screen+shot+2013-04-15+at+3.11.48+PM.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="402" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgCf9taTDdBMn5B1yC_d24dhLWwLhHYAWkjEWuov7iy6SGcm301rF5VNzHY0Zjic0efxVbRJwvQbUuGBt7OXu7vo-RMbqRV4IU371GBAxBHeB-8D8E59sPV4AW_uMZpPssf9tGZW056cCw/s640/Screen+shot+2013-04-15+at+3.11.48+PM.png" width="640" /></a></div>
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<div class="separator" style="clear: both; text-align: left;">
Interest rates have jumped, inventory has dropped and the days a home is staying on the market has shortened. </div>
<div class="separator" style="clear: both; text-align: left;">
<br /></div>
<div class="separator" style="clear: both; text-align: left;">
Things are looking good for sellers and a little challenging for buyers. In the spirit of staying up to speed with infographics, here is a great one on today's market compared to last year:</div>
<div class="separator" style="clear: both; text-align: center;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="http://www.orlrealtor.com/resource/resmgr/Images_Infographic/OrlHousMrktSnap032013.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="http://www.orlrealtor.com/resource/resmgr/Images_Infographic/OrlHousMrktSnap032013.png" /></a></div>
<br />
Feel free to contact me with any questions about today's market!Life As I See Ithttp://www.blogger.com/profile/11687632714805133013noreply@blogger.com0tag:blogger.com,1999:blog-1011557222889512070.post-50138019323075622722013-03-19T09:15:00.000-07:002013-03-19T09:19:54.464-07:00March 2013 Pulse ReportIt's been quite some time since I last reported on the market. The main point has not changed: INVENTORY has decreased and PRICES have gone up steadily.<br />
<br />
Here's a quick overview of the numbers:<br />
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi0AyXJNSFMZes5S3fgjeQWl-YkF-EovdBEBcnfdcPOdqYMpkbCtcutgIw30pzPpcrCfkmFi2D0zX784QJp1w1C5yWZnjKzBebuoguOqQ3tLqWj2NhVKEclWJVLSbuQkE3aosTdLmUkieo/s1600/Screen+shot+2013-03-19+at+12.07.21+PM.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi0AyXJNSFMZes5S3fgjeQWl-YkF-EovdBEBcnfdcPOdqYMpkbCtcutgIw30pzPpcrCfkmFi2D0zX784QJp1w1C5yWZnjKzBebuoguOqQ3tLqWj2NhVKEclWJVLSbuQkE3aosTdLmUkieo/s1600/Screen+shot+2013-03-19+at+12.07.21+PM.png" /></a></div>
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You'll note that the days a home is on the market has been continuously less than 90 days. I have seen this time and again. I show a property that has been on the market for 1-10 days, and then there are multiple offers and it goes into pending.<br />
<br />
If you like a property, do not hesitate because you just very well may lose it. A positive example of this was a buyer of mine finding a home she liked. She waited the weekend and it was under contract. I contacted the agent and told her that if anything changed, please let me know ASAP as my buyer wanted the property and didn't realize how quickly it would get snatched up.<br />
<br />
I kept in touch with that agent, and fortunately for us, that buyer did fall through and we stepped in as the main buyer. We're waiting for the bank approval and we will be able to close in 45 days.<br />
<br />
<strong><em>Inventory</em></strong><br />
*There are currently <span class="Apple-style-span" style="background-color: yellow;">7,183
homes available for purchase</span> through the MLS. The February 2013 overall
inventory level is 22.37 percent <u>lower</u> than it was in February 2012.<br />
<br />
*<span class="Apple-style-span" style="background-color: yellow;">Single-family home inventory is down 25.40 percent; condo inventory is down 8.98 percent.</span><br />
<br />
<strong><em>Sales</em></strong><br />
*Orlando home sales (all home
types combined) in February 2013 were up 11.54 percent when compared to
February of 2012 and up 9.33 percent when compared to January 2013.<br />
<br />
*<span class="Apple-style-span" style="background-color: yellow;">Single-family
home sales in the Orlando area increased by 16.68 percent</span> in February
when compared to February of last year. Villa sales increased by 6.06
percent; condo sales declined 6.69 percent.<br />
<br />
*Of the 2,203 sales in
February, 1,195 normal sales accounted for 54.24 percent of all sales,
while 521 bank-owned and 487 short sales respectively made up 23.65
percent and 22.11 percent.<br />
<br />
*The number of <span class="Apple-style-span" style="background-color: yellow;">normal sales in February
increased by 51.07 percent </span>compared to February 2012, while short-sales
decreased 24.73 percent and foreclosures decreased by 2.98.<br />
<br />
*Short
sales made up 61.79 percent of pendings in February. Normal properties
accounted for 25.96 percent and bank-owned properties accounted for
12.25 percent.<br />
<br />Life As I See Ithttp://www.blogger.com/profile/11687632714805133013noreply@blogger.com0tag:blogger.com,1999:blog-1011557222889512070.post-9666389801796246252012-09-19T11:22:00.001-07:002013-03-19T09:19:17.987-07:00Market Pulse Report- August 2012<img alt="ORRA sales" height="400" id="yui_3_2_0_1_1348078700672109" src="http://orlrealtor.site-ym.com/resource/resmgr/Images_Market_Pulse/Chart092012.gif" width="640" /><span style="color: red;"> </span><br />
<span style="color: red;">Overall, the same remains: inventory is down again and continues to decline. If you like a home, don't wait! One day, may really be too late. Here's the quick points on the month overview: </span><br />
<br />
<b><i>Sales</i></b><br />
<br />
*Orlando home sales (all home types combined) in <b>August 2012 were up
5.36 percent</b> when compared to August of 2011 and up 7.07 percent when
compared to July 2012.<br />
<br />
*Single-family home sales in the Orlando area increased by 6.03 percent in August when compared to August of last year. Villa sales increased by 1.59 percent; condo sales increased by 4.72.<br />
<br />
*Of the 2,634 sales in August, 1,265 normal sales accounted for 48.03
percent of all sales, while 610 bank-owned and 759 short sales
respectively made up 23.16 percent and 28.82 percent.<br />
<br />
*The number of normal sales in August increased by 23.29 percent
compared to August 2011, while short-sales decreased 7.78 percent and
foreclosures dropped 6.30 percent.<br />
<br />
*The 9,362 pendings in August of this year is a decrease of 1.47 percent compared to the 9,502 pendings in August of last year.<br />
<br />
*Short sales made up 69.66 percent of pendings in August. Normal
properties accounted for 19.39 percent and bank-owned properties
accounted for 10.95 percent.<br />
<br />
<br />
<br />
<b><i>Median Price</i></b><br />
*The median price of all existing homes combined sold in August 2012 —
$120,550 — is a 5.10 percent increase from the $114,700 median price
recorded in August 2011.<br />
<br />
*The median price for "normal” existing homes sold in August is
$158,230, an increase of 2.08 percent from the median price of "normal”
existing homes in August 2011.<br />
<br />
*The median price for short sales increased by 19.05 percent to
$110,000, while the median price for bank-owned sales increased by 4.71
percent to $85,000.<br />
<br />
<b><span style="background-color: yellow;"><i>Inventory</i></span></b><br />
<b><span style="background-color: yellow;">*There are currently 8,128 homes available for purchase through the
MLS. The August 2012 overall inventory level is 19.16 percent lower than
it was in August 2011.</span></b><br />
<br />
*Single-family home inventory is down 23.96 percent; condo inventory is up 11.52 percent.<br />
<br />
*The current pace of sales translates into 3.09 months of inventory supply.<br />
<br />
<b><i>Other</i></b><br />
*Homes of all types spent an average of 80 days on the market before
coming under contract in August 2012, and the average home sold for
96.26 percent of its listing price.Life As I See Ithttp://www.blogger.com/profile/11687632714805133013noreply@blogger.com0tag:blogger.com,1999:blog-1011557222889512070.post-77792339994604035982012-08-16T09:39:00.004-07:002012-08-16T09:39:43.911-07:00Market Pulse Report - July 2012<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjWd7W4vHKgu-PplpOJMGnFatITRAkaHGj5ocXOprZxFrBc29oRPCX6591zXJnohQLclYCLkFdHLc0gAR0EL4PqdHqwkgHsZEMIRTkWrQTRGfTv78kMVkPptY6tw4lHANHMNBAkQ0pFhKw/s1600/Market+pulse+report.gif" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="250" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjWd7W4vHKgu-PplpOJMGnFatITRAkaHGj5ocXOprZxFrBc29oRPCX6591zXJnohQLclYCLkFdHLc0gAR0EL4PqdHqwkgHsZEMIRTkWrQTRGfTv78kMVkPptY6tw4lHANHMNBAkQ0pFhKw/s400/Market+pulse+report.gif" width="400" /></a></div>
Before we get into the real numbers, this is a quick recap from last month to this month: <br />
<br />
<div class="yiv1174283001MsoNormal" id="yui_3_2_0_1_1345133079124699">
The
Market Pulse is out (below) and most of the numbers are similar to last
month except for one, Days on market is now at a 4 year low at 82 days
down from 102 days at the end of 2011. <b>That is a 20% decline halfway
thru 2012.</b> </div>
<div class="yiv1174283001MsoNormal" id="yui_3_2_0_1_1345133079124699">
<br /></div>
<div class="yiv1174283001MsoNormal" id="yui_3_2_0_1_1345133079124699">
This is not the time to be waiting for the perfect
house at the perfect price, with the perfect kitchen etc., because these are your options:</div>
<div class="yiv1174283001MsoNormal">
<br /></div>
<div class="yiv1174283001MsoNormal">
1. Wait another 3 months and find a similar house and pay $20,000 more, and probably higher interest rates</div>
<div class="yiv1174283001MsoNormal" id="yui_3_2_0_1_1345133079124696">
2. Buy a real fixer-upper that
no one else wants and fix it up to your specifications</div>
3. Or pay a little more now, at record
low interest rates, which might cost you $20 more per month, get what you want now and be happy....<br />
<br />
But, here are the numbers so you can decide for yourself... <br />
<br />
<span style="font-size: 14pt;">July 2012 Housing Market – </span><i></i><br />
<br />
<b>Sales</b><br />
*<span style="background-color: yellow;">Orlando home sales (all home types combined) in July 2012 were up
2.66 percent when compared to July of 2011</span> and down 9.91 percent when
compared to June 2012.<br />
<br />
*Single-family home sales in the Orlando area increased by 6.52
percent in July when compared to July of last year. Villa sales
increased by 10.58 percent; condo sales decreased by 17.41.<br />
<br />
*Of the 2,355 sales in July, 1,132 normal sales accounted for 48.07
percent of all sales, while 559 bank-owned and 664 short sales
respectively made up 23.74 percent and 28.20 percent.<br />
<br />
*The number of normal sales in July increased by 16.34 percent over
July 2011, while short-sales decreased 1.63 percent and foreclosures
dropped 13.47 percent.<br />
<br />
*The 9,704 pendings in July of this year is a decrease of 1.67 percent compared to the 9,869 pendings in July of last year.<br />
<br />
*Short sales made up 68.60 percent of pendings in July. Normal
properties accounted for 20.12 percent and bank-owned properties
accounted for 11.28 percent.<br />
<br />
<b>Median Price</b>*The median price of all existing homes combined sold in July 2012 —
$125,750 — is an 8.87 percent increase from the $115,500 median price
recorded in July 2011.<br />
<br />
*The median price for "normal” existing homes sold in July is
$167,500, is an increase of 6.69 percent from the median price of
"normal” existing homes in July 2011.<br />
<br />
*The median price for short sales increased by 12.70 percent to
$110,000, while the median price for bank-owned sales increased by 12.50
percent to $90,000.<br />
<br />
<b>Inventory</b><br />
<br />
*There are currently 8,106 homes available for purchase through the
MLS. The July 2012 overall <b style="background-color: yellow;">inventory level is 21.67 percent lower than
it was in July 2011.</b><br />
<br />
<div style="background-color: yellow;">
<b>*Single-family home inventory is down 25.46 percent; condo inventory is up 6.35 percent.</b></div>
<br />
*The current pace of sales translates into 3.44 months of inventory supply.<br />
<br />
*New contracts are up 1.14 percent compared July of 2011.<br />
<br />
*New listings are up 17.07 percent.<br />
Life As I See Ithttp://www.blogger.com/profile/11687632714805133013noreply@blogger.com0tag:blogger.com,1999:blog-1011557222889512070.post-90390428852368713102012-06-18T05:23:00.002-07:002012-06-18T05:24:00.787-07:00Market Pulse Report: June 2012<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjNFmQw469Yv8-zf_lICCbuNAqkhPBT3aabDyKtPujkrF9B9mOkDLVcHUZe88xLlKR_Dm4mya4WTg84RiqtDhYN3R1hLiWc0AOupQzstEyLyblC3tM-UwlkS743yoyxBUusaLWT-pDBltw/s1600/market+pulse-June+2012" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="248" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjNFmQw469Yv8-zf_lICCbuNAqkhPBT3aabDyKtPujkrF9B9mOkDLVcHUZe88xLlKR_Dm4mya4WTg84RiqtDhYN3R1hLiWc0AOupQzstEyLyblC3tM-UwlkS743yoyxBUusaLWT-pDBltw/s400/market+pulse-June+2012" width="400" /></a></div>
<span id="yui_3_2_0_1_1340021409859192" style="font-family: Comic Sans MS;">INVENTORY
IS DOWN AGAIN!!! We dropped another 400 homes from inventory and we are
down to 8243 homes. </span><br />
<br />
<span id="yui_3_2_0_1_1340021409859192" style="font-family: Comic Sans MS;">I've been saying this every month hoping it will change the following, but believe it or not: <u><b>this is the lowest inventory level since 2006 when we
were in a boom!</b></u> </span><br />
<br />
<span id="yui_3_2_0_1_1340021409859192" style="font-family: Comic Sans MS;">In this market, if you see a house and like it, do not hesitate in letting me know so we can write an offer! </span><br />
<br />
<span id="yui_3_2_0_1_1340021409859192" style="font-family: Comic Sans MS;">The average days on market dropped again
as well, another confirmation of the changing environment! It is no longer a time for low-ball offers!! </span><br />
<br />
<span id="yui_3_2_0_1_1340021409859192" style="font-family: Comic Sans MS;">Here's the Market Pulse Link <a href="http://www.orlrealtor.com/resource/resmgr/Images_Market_Pulse/MarketPulse062012.pdf" rel="nofollow" target="_blank"><span class="yshortcuts" id="lw_1340021453_0">http://www.orlrealtor.com/resource/resmgr/Images_Market_Pulse/MarketPulse062012.pdf</span></a></span>Life As I See Ithttp://www.blogger.com/profile/11687632714805133013noreply@blogger.com0tag:blogger.com,1999:blog-1011557222889512070.post-15352773340192764222012-05-17T11:49:00.004-07:002012-05-17T11:54:14.185-07:00Market Pulse Report: May 2012<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi-k0vDj8OeBYOcbJiRWOw1CgjS9whLfmBTyu5atNcMt6jWMFEGYodCszsTjjOIcyM5NLJVpcv5985iYC54-5MJb2_GAHj12T5e9Iptm3X3MjJ7VUqtX1DvjwltQWaET-IdoOwwRTBaXg4/s1600/Market+Pulse+May+.gif" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="248" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi-k0vDj8OeBYOcbJiRWOw1CgjS9whLfmBTyu5atNcMt6jWMFEGYodCszsTjjOIcyM5NLJVpcv5985iYC54-5MJb2_GAHj12T5e9Iptm3X3MjJ7VUqtX1DvjwltQWaET-IdoOwwRTBaXg4/s400/Market+Pulse+May+.gif" width="400" /></a></div>
<div style="color: blue;">
The market has definitely not been for the faint of heart. I have clients that I have been working with for more than 7 months; some under contract and others still searching for a home. </div>
<div style="color: blue;">
<br /></div>
<div style="color: blue;">
We're beyond the "perfect home" and simply at trying to find "a" home. </div>
<div style="color: blue;">
<br /></div>
<div style="color: blue;">
Why? </div>
<div style="color: blue;">
<br /></div>
<div style="color: blue;">
With inventory dropping every single month, it has left a scarcity of properties available. Most of which have several offers a few days into being listed on the market. It's fierce and competitive. Those under contract, the delays from the bank have been anywhere from 4 months to over 8. </div>
<div style="color: blue;">
<br /></div>
<div style="color: blue;">
It's a long wait, but perseverance and patience are the only ways that buyers are becoming homeowners in this market. </div>
<br />
Check out the stats in today's market: <br />
<br />
<b>Sales</b><br />
<br />
*Orlando home sales (all home types combined) in April 2012 were down
4.50 percent when compared to April of 2011 and down 3.37 percent when
compared to March 2012.<br />
<br />
*Of the 2,353 sales in April, 1,063 "normal” sales accounted for
45.18 percent of all sales, while 598 bank-owned and 692 short sales
respectively made up 25.41 percent and 29.41 percent.<br />
<br />
*The number of "normal” sales in April increased by 25.95 percent
over April 2011, while short-sales increased 10.02 percent and
foreclosures dropped 39.66 percent.<br />
<br />
*The 10,078 pendings in April of this year is an increase of 1.24 percent compared to the 9,955 pendings in April of last year.<br />
<br />
*Short sales made up 67.78 percent of pendings in April. Normal
properties accounted for 19.47 percent and bank-owned properties
accounted for 12.75 percent.<br />
<br />
<b>Median Price</b><br />
<br />
*The median price of all existing homes combined sold in April 2012,
$116,000, is a <span style="background-color: yellow;">10.48 percent increase </span>from the $105,000 median price
recorded in April 2011.<br />
<br />
*The median price for "normal” existing homes sold in April is
$158,000, is a decrease of 2.23 percent from the median price of
"normal” existing homes in April 2011.<br />
<br />
*The median price for short sales increased by 5.56 percent to
$95,000, while the median price for bank-owned sales increased by 6.01
percent to $84,700.<br />
<br />
<b>Inventory</b><br />
<br />
<div style="background-color: yellow;">
<b>*There are currently 8,642 homes available for purchase through the
MLS. The April 2012 overall inventory level is 24.72 percent lower than
it was in April 2011.</b></div>
<br />
*<b>Single-family home inventory is down 26.58 percent</b>; condo inventory is down 8.04 percent.<br />
<br />
*The current pace of sales translates into <u>3.67 months of inventory supply.</u><br />
<br />
<b>Other </b><br />
<br />
*The Orlando affordability index decreased to 254.69 percent in
April. First-time homebuyer affordability in April decreased to 181.11
percent.<br />
<br />
*Homes of all types spent an average of 87 days on the market before
coming under contract in April 2012, and the average home sold for 95.42
percent of its listing price.<br />
<br />
*New contracts are down 15.86 percent compared April of 2011. New listings are up 1.21 percent.Life As I See Ithttp://www.blogger.com/profile/11687632714805133013noreply@blogger.com0tag:blogger.com,1999:blog-1011557222889512070.post-77445270387596514872012-04-23T08:11:00.000-07:002012-04-23T08:11:06.779-07:00Market Pulse Report: April 2012<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhZZ1IoAXZCndixpA2EoxldHRfyZVpbvGKI4hnVIwnC_j8OFWU9aMrkXnVe0fZM3cFiZkN_gGQ8qLsJHREGAy7UkvmKGEQ8Tytw5ndQDyzddQrt96jr6dk0mKYimwdd0XXwllIWj_pjIVo/s1600/April+2012" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="248" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhZZ1IoAXZCndixpA2EoxldHRfyZVpbvGKI4hnVIwnC_j8OFWU9aMrkXnVe0fZM3cFiZkN_gGQ8qLsJHREGAy7UkvmKGEQ8Tytw5ndQDyzddQrt96jr6dk0mKYimwdd0XXwllIWj_pjIVo/s400/April+2012" width="400" /></a></div>
<div style="color: blue;">
The Central Florida market has continued to make it difficult for buyers to find the home they want and actually get their contract accepted. Inventory is at an all time low with only 8,666 homes available for sale. It's an advantage to Seller's that have been wanting to sell their home because offers are being placed on those HOT properties at an alarming rate. I've personally experienced multiple offer scenarios at least in 5 cases just this month alone. </div>
<div style="color: blue;">
<br /></div>
<div style="color: blue;">
I've even noticed an increase in offering above asking price just to attempt to make a more tempting offer to the seller; however, it seems the competition is thinking the same thing. </div>
<div style="color: blue;">
<br /></div>
<span style="color: blue;">Here is the latest information on an accurate stance in today's market:</span><br />
<br />
<strong>Sales</strong><br />
<br />
*Orlando home sales (all home types combined) in <b style="background-color: yellow;">March 2012 were up
17.82 percent</b> when compared to February of 2012 and down 10.95 percent
when compared to March 2011.<br />
<br />
*Of the 2,327 sales in March, 942 "normal” sales accounted for 40.48
percent of all sales, while 617 bank-owned and 768 short sales
respectively made up 26.51 percent and 33.00 percent.<br />
<br />
*The number of "<b>normal” sales in March increased by 23.62 percent</b>
over March 2011, while short-sales increased 20.75 percent and
foreclosures dropped 49.22 percent.<br />
<br />
*The 9,748 homes pendings in March of this year is an increase of
2.50 percent compared to the 9,510 pendings in March of last year.<br />
<br />
*Short sales made up 69.07 percent of pendings in March. Normal
properties accounted for 17.90 percent and bank-owned properties
accounted for 13.03 percent.<br />
<br />
<strong>Median Price</strong><br />
<br />
*The median price of all existing homes combined sold in March 2012,
$115,000, is a 12.94 percent increase from the $102,000 median price
recorded in March 2011.<br />
<br />
*The median price for "normal” existing homes sold in March is
$155,000, is an increase of 3.33 percent from the median price of
"normal” existing homes in March 2011.<br />
<br />
*The median price for short sales decreased by 0.73 percent to
$102,000, while the median price for bank-owned sales increased by 5.25
percent to $84,200.<br />
<br />
<strong>Inventory</strong><br />
<br />
<b>*There are currently <span style="background-color: yellow;">8,666 homes available for purchase</span> through the
MLS. The March 2012 overall inventory level is <span style="background-color: yellow;">30.85 percent lower </span>than
it was in March 2011.</b><br />
<br />
<b style="background-color: yellow;">*Single-family home inventory is down 31.95 percent</b>; condo inventory is down 20.78 percent.<br />
<br />
*The current pace of sales translates into 3.72 months of inventory supply.<br />
<br />
*New contracts are down 15.93 percent compared March of 2011. New listings are down 18.45 percent.<br />
<br />
<strong>Other</strong><br />
<br />
<br />
<b>*Homes of all types spent an average of 97 days on the market before
coming under contract in March 2012, and the<span style="background-color: yellow;"> average home sold for 94.83
percent of its listing price</span>.</b><br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhZZ1IoAXZCndixpA2EoxldHRfyZVpbvGKI4hnVIwnC_j8OFWU9aMrkXnVe0fZM3cFiZkN_gGQ8qLsJHREGAy7UkvmKGEQ8Tytw5ndQDyzddQrt96jr6dk0mKYimwdd0XXwllIWj_pjIVo/s1600/April+2012" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"></a></div>
<br />Life As I See Ithttp://www.blogger.com/profile/11687632714805133013noreply@blogger.com0tag:blogger.com,1999:blog-1011557222889512070.post-64322944383810666362012-04-03T06:26:00.000-07:002012-04-03T06:35:28.587-07:00Market Pulse Report: March 2012<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjiV0m56CY2uQr_9WPePc9sBVHgV-6P6aK-zVJjyDoT1SGNoY8ypbl0M56uXiBSy-sjpv2arzetxE1614mP7WGr9mg1kOSeSLGbBJbVk45tIau6CobJA7NqmEi1M7guJAFu_Wu4jUl70W4/s1600/Market+pulse+report" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="250" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjiV0m56CY2uQr_9WPePc9sBVHgV-6P6aK-zVJjyDoT1SGNoY8ypbl0M56uXiBSy-sjpv2arzetxE1614mP7WGr9mg1kOSeSLGbBJbVk45tIau6CobJA7NqmEi1M7guJAFu_Wu4jUl70W4/s400/Market+pulse+report" width="400" /></a></div>
<b>Sales</b><br />
*Orlando home sales (all home types combined) in February 2012 were down 15.19 percent over February 2011.<br />
<br />
*Single-family home sales in the Orlando area decreased by 2.82
percent in February when compared to February of last year. Condo sales
decreased by 34.27 percent; duplex, town home, and villa sales decreased
by 27.31 percent.<br />
<br />
*Of the 1,854 sales in February, 738 "normal” sales accounted for
39.81 percent of all sales, while 498 bank-owned and 618 short sales
respectively made up 26.86 percent and 37.98 percent.<br />
<br />
*The number of "normal” sales in February increased by 29.02 percent
over February 2011, while short-sales increased 20.00 percent and
foreclosures dropped 54.02 percent.<br />
<br />
<div style="background-color: yellow;">
*The 9,348 homes pending closing in February of this year is an
increase of 1.37 percent compared to the 9,223 pendings in February of
last year.</div>
<br />
<div style="background-color: yellow;">
*Short sales made up 69.84 percent of pendings in February. Normal
properties accounted for 17.02 percent and bank-owned properties
accounted for 13.14 percent.</div>
<br />
<br />
<b>Median Price</b><br />
*The median price of all existing homes combined sold in January
2012, $108,000, is a 13.80 percent increase from the $94,900 median
price recorded in January 2011.<br />
<br />
*The median price for "normal” existing homes sold in February is
$150,000, is a decrease of 3.23 percent from the median price of
"normal” existing homes in February 2011.<br />
<br />
*The median price for short sales increased by 5.26 percent to
$100,000, while the median price for bank-owned sales increased by 8.11
percent to $80,000.<br />
<br />
<b>Inventory</b><br />
<div style="background-color: yellow;">
<b>*There are currently<u> 9,253 homes available for purchase</u> through the
MLS. The February 2012 overall inventory level is 31.36 percent lower
than it was in February 2011, and almost equal to what it was in January
2012. </b></div>
<br />
*Single-family home inventory is down 32.68 percent; condo inventory is down 18.46 percent.<br />
<br />
*The current pace of sales translates into 4.99 months of supply.<br />
<br />
<b>Other</b><br />
*The Orlando affordability index decreased to 271.61 percent in
February. First-time homebuyer affordability in February decreased to
193.14 percent.<br />
<br />
*Homes of all types spent an average of 96 days on the market before
coming under contract in February 2012, and the average home sold for
93.14 percent of its listing price.Life As I See Ithttp://www.blogger.com/profile/11687632714805133013noreply@blogger.com0tag:blogger.com,1999:blog-1011557222889512070.post-4910084365311400392012-02-20T06:15:00.000-08:002012-02-20T06:15:36.057-08:00Market Pulse Report: February 2012Two main things to notice in this month's report: <br />
<br />
<div class="yiv973409369MsoNormal"><span style="background-color: yellow;"><strong><u>Inventory of Homes:</u></strong> <strong>9258</strong> now vs. 22,000+ 3 years ago and even 14,000 1 year ago<u></u><u></u></span></div><div class="yiv973409369MsoNormal" id="yui_3_2_0_1_132942279631512311"><span style="background-color: yellow;"><strong><u>Days on Market:</u></strong> <strong>96 </strong>Lowest in a year!<u></u><u></u></span></div><div class="yiv973409369MsoNormal"><br />
</div><div class="yiv973409369MsoNormal">We are also blessed that mortgage rates are at historic lows, and we are finally seeing some downward trends in unemployment rates, but it is a seller's market. The amount of homes available does not match the overwhelming amount of buyers, especially within the same price range (under $250,000).</div><div class="yiv973409369MsoNormal"><br />
</div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhKmd_v7i8oL1-NgX1shxUl3BZu6Ow_EhlcB-yhEQOS2GJSV-tWj0_FEVEqJgab-3jCYQNFmlpw01TbgBT-KRmRSzlDLQv5_P9MT46TAiEINJgPhB0vt7q4UiWlNATcIFCK-uEsSPCM1z0/s1600/Market+Pulse+Feb.bmp" imageanchor="1" style="clear: left; cssfloat: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="250px" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhKmd_v7i8oL1-NgX1shxUl3BZu6Ow_EhlcB-yhEQOS2GJSV-tWj0_FEVEqJgab-3jCYQNFmlpw01TbgBT-KRmRSzlDLQv5_P9MT46TAiEINJgPhB0vt7q4UiWlNATcIFCK-uEsSPCM1z0/s400/Market+Pulse+Feb.bmp" width="400px" yda="true" /></a></div><strong>Sales</strong><br />
<br />
*Condo sales decreased by 48.11 percent; duplex, town home, and villa sales decreased by 20.00 percent.<br />
<br />
*Of the 1,677 sales in January, 608 "normal” sales accounted for 36.26 percent of all sales, while 432 bank-owned and 637 short sales respectively made up 25.76 percent and 37.98 percent.<br />
<br />
*The number of "normal” sales in January increased by 19.92 percent over January 2011, while short-sales increased 23.69 percent and foreclosures dropped 57.61 percent.<br />
<br />
*The 8,709 homes pending closing in January of this year is a decrease of .77 percent compared to the 8,777 pendings in January of last year. Short sales made up 71.99 percent of pendings in January. Normal properties accounted for 14.84 percent and bank-owned properties accounted for 13.17 percent.<br />
<br />
<strong>Median Price</strong><br />
<br />
*The median price of all existing homes combined sold in January 2012, $108,000, is a 13.80 percent increase from the $94,900 median price recorded in January 2011.<br />
<br />
*The median price for "normal” existing homes sold in January is $140,000, is a decrease of 2.10 percent from the median price of "normal” existing homes in January 2011.<br />
<br />
*The median price for short sales decreased by 5.26 percent to $90,000, while the median price for bank-owned sales increased by 13.33 percent to $85,000.<br />
<br />
<strong>Inventory</strong><br />
<span style="background-color: yellow;"><strong>*</strong>There are currently 9,258 homes available for purchase through the MLS. The January 2012 overall inventory level is 35.70 percent lower than it was in January 2011, and 4.87 percent lower than it was in December 2011. <span style="color: red;"><strong><------ MOST IMPORTANT POINT TO NOTICE</strong></span></span><br />
<br />
*Single-family home inventory is down 36.35 percent; condo inventory is down 26.46 percent.<br />
<br />
*The current pace of sales translates into 5.52 months of inventory supply.<br />
<br />
<strong>Other</strong><br />
<br />
*The Orlando affordability index increased to 273.32 percent in January. First-time homebuyer affordability in January increased to 194.36 percent.<br />
<br />
*<span style="background-color: yellow;">Homes of all types spent an average of 96 days on the market before coming under contract in January 2012, and the average home sold for 95.19 percent of its listing price. <span style="color: red;"><strong><----SECOND MOST IMPORTANT POINT</strong></span></span><br />
<div class="yiv973409369MsoNormal"><br />
</div><div class="yiv973409369MsoNormal">Please feel free to <a href="mailto:jenelleferrer@yahoo.com">contact me</a> with more information regarding today's market in Central Florida!</div>Life As I See Ithttp://www.blogger.com/profile/11687632714805133013noreply@blogger.com0tag:blogger.com,1999:blog-1011557222889512070.post-16937298063419369342012-01-16T11:01:00.000-08:002012-01-16T11:02:12.668-08:00Market Pulse Report: January 2012Happy New Year! First Market Pulse Report is in for the year!<br />
<br />
<img alt="ORRA sales" height="250px" src="http://orlrealtor.site-ym.com/resource/resmgr/Images_Market_Pulse/Chart012012.gif" width="400px" /><br />
<div align="left"><span style="font-family: Arial, Helvetica, Geneva, Swiss, SunSans-Regular; font-size: xx-small;"><br />
* Monthly revised sales. ** Includes listings with a status of "Active With Contract."</span></div><br />
<br />
<strong>Sales</strong><br />
<br />
*Orlando home sales (all home types combined) in December 2011 were down 13.86 percent over December 2010.<br />
<br />
*Single-family home sales in the Orlando area decreased by 7.78 percent in December when compared to December of last year. Condo sales decreased by 35.62 percent; duplex, town home, and villa sales decreased by 9.44 percent.<br />
<br />
*Of the 2,125 sales in December, 871 "normal” sales accounted for 40.99 percent of all sales, while 469 bank-owned and 785 short sales respectively made up 22.07 percent and 36.94 percent.<br />
<br />
*The <span style="background-color: yellow;">number of "normal” sales in December increased by 14.15 percent</span> over December 2010, while short-sales increased 24.41 percent and foreclosures dropped 56.29 percent.<br />
<br />
*The 8,095 homes pending closing in December of this year is a decrease of 3.2 percent compared to the 8,363 pendings in December of last year.<br />
<br />
<strong>Median Price</strong><br />
<br />
*The <span style="background-color: yellow; color: black;">median price of all existing homes combined sold in December 2011, $118,000, is a 12.38 percent increase</span> from the $105,000 median price recorded in December 2010.<br />
<br />
*The median price for "normal” existing homes sold in December is $159,000, a decrease of 0.06 percent from the median price of "normal” existing homes in December 2010. The median price for bank-owned sales is $80,000 and the median price for short sales is $105,000.<br />
<br />
<strong>Inventory</strong><br />
*<span style="background-color: yellow; color: red;"><strong>There are currently 9,732 homes available for purchase through the MLS. The December 2011 overall inventory level is 35.09 percent lower than it was in December 2010, and 3.99 percent lower than it was in November 2011.</strong></span><br />
<br />
*Single-family home inventory is down 34.50 percent; condo inventory is down 32.14 percent.<br />
<br />
*The current pace of sales translates into 4.58 months of inventory supply.<br />
<br />
<strong> Other</strong><br />
<br />
*The Orlando affordability index decreased to 250.44 percent in December. First-time homebuyer affordability in December decreased to 178.09 percent.<br />
<br />
*Homes of all types spent an average of 103 days on the market before coming under contract in December 2011, and the average home sold for 92.40 percent of its listing price.<br />
<br />
<strong>2011 Year-end Recap</strong><br />
<br />
*Sales in 2011 were down by 3.48 percent over 2010. A total of 27,703 homes were sold in 2011 compared to 28,701 the previous year.<br />
<br />
*<span style="background-color: yellow;">Sales of normal homes in 2011 increased 12.15 percent over 2010. Short sales increased by 20.93 percent while bank-owned sales declined by 27.35 percent.</span><br />
<br />
*The 2011 year-end year-to-date median price increased 1.29 percent to $109,900 compared 2010’s $108,500.<br />
<br />
*By year’s end in 2011, 34,670 homes were sold in the Orlando MSALife As I See Ithttp://www.blogger.com/profile/11687632714805133013noreply@blogger.com0tag:blogger.com,1999:blog-1011557222889512070.post-10239516881971281232011-12-14T10:04:00.000-08:002011-12-14T10:06:01.459-08:00Market Pulse Report: December 2011<div class="separator" style="clear: both; text-align: center;"><iframe allowfullscreen='allowfullscreen' webkitallowfullscreen='webkitallowfullscreen' mozallowfullscreen='mozallowfullscreen' width='320' height='266' src='https://www.youtube.com/embed/toMhwjUfBbU?feature=player_embedded' frameborder='0'></iframe></div><br />
<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjEXMNT4KZI8TRWLKSwlLqh8p69B0Gxmxpb1bGlEbLzKkwusqU61qmyVj-IYpbCXGTvv_THTHmiRRYy-pZZ3X5s1ZtEKTf6M22We8M5kmE3Ri5zK2tvbAk5HWqhMvFCHKG-Dk9k22YNssE/s1600/Pulse+Report.gif" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="231px" oda="true" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjEXMNT4KZI8TRWLKSwlLqh8p69B0Gxmxpb1bGlEbLzKkwusqU61qmyVj-IYpbCXGTvv_THTHmiRRYy-pZZ3X5s1ZtEKTf6M22We8M5kmE3Ri5zK2tvbAk5HWqhMvFCHKG-Dk9k22YNssE/s400/Pulse+Report.gif" width="400px" /></a></div><br />
<strong>Sales</strong><br />
<br />
*Orlando <span style="background-color: yellow;">home sales (all home types combined) in November 2011 were up 0.72 percent</span> over November 2010.<br />
<br />
*Single-family <span style="background-color: yellow;">home sales in the Orlando area increased by 7.67 percent</span> in November when compared to November of last year. Condo sales decreased by 26.85 percent; duplex, town home, and villa sales increased by 7.94 percent.<br />
<br />
*Of the 1,950 sales in November, 782 "normal” sales accounted for 40.10 percent of all sales, while 453 bank-owned and 715 short sales made up 59.90 percent.<br />
<br />
*The number of "normal” sales in November increased by 21.62 percent over November 2010, while short-sales increased 39.38 percent and foreclosures dropped 41.92 percent.<br />
<br />
*The 8,909 homes pending closing in November of this year is a barely noticeable decrease of 0.99 percent compared to the 8,998 pendings in November of last year.<br />
<br />
<strong>Median Price</strong><br />
<br />
*The median price of all existing homes combined sold in November 2011, $115,000, is a <span style="background-color: yellow;">9.52 percent increase from the $105,000 median price recorded in November 2010.</span><br />
<br />
*The median price for "normal” existing homes sold in November is $148,000, a decrease of 7.50 percent from the median price of "normal” existing homes in November 2010. The median price for bank-owned sales is $81,999 and the median price for short sales is $106,000.<br />
<br />
<strong>Inventory</strong><br />
<br />
*There are currently 10,136 homes available for purchase through the MLS. <span style="background-color: yellow;">The November 2011 overall inventory level is 33.28 percent lower than it was in November 2010,</span> and 1.63 percent higher than in October 2011.<br />
<br />
*Single-family home inventory is down 32.63 percent; condo inventory is down 32.28 percent.<br />
<br />
*The current pace of sales translates into 5.20 months of inventory supply.<br />
<br />
<strong>Other</strong><br />
<br />
*The Orlando affordability index decreased to 253.42 percent in November. First-time homebuyer affordability in November decreased to 180.21 percent.<br />
<br />
*Homes of all types spent an average of 99 days on the market before coming under contract in November 2011, and the average home sold for 94.74 percent of its listing price.Life As I See Ithttp://www.blogger.com/profile/11687632714805133013noreply@blogger.com0tag:blogger.com,1999:blog-1011557222889512070.post-55273470284897906002011-11-15T12:52:00.000-08:002011-11-15T12:52:16.690-08:00Market Pulse Report - November 2011<div class="separator" style="clear: both; text-align: center;"><object width="320" height="266" class="BLOGGER-youtube-video" classid="clsid:D27CDB6E-AE6D-11cf-96B8-444553540000" codebase="http://download.macromedia.com/pub/shockwave/cabs/flash/swflash.cab#version=6,0,40,0" data-thumbnail-src="http://2.gvt0.com/vi/ILR8ndpFp_I/0.jpg"><param name="movie" value="http://www.youtube.com/v/ILR8ndpFp_I&fs=1&source=uds" /><param name="bgcolor" value="#FFFFFF" /><embed width="320" height="266" src="http://www.youtube.com/v/ILR8ndpFp_I&fs=1&source=uds" type="application/x-shockwave-flash"></embed></object></div><br />
<br />
<strong><em>Sales</em></strong><br />
*<span style="background-color: yellow;">Orlando home sales (all home types combined) in October 2011 were up 5.89 percent over October 2010.</span><br />
<br />
*Single-family <span style="background-color: yellow;">home sales in the Orlando area increased by 18.16 percent in October</span> when compared to October of last year. Condo sales decreased by 26.55 percent; duplex, town home, and villa sales remained exactly the same.<br />
<br />
*Of the 2,068 sales in October, 854 "normal” sales accounted for 41.30 percent of all sales, while 500 bank-owned and 714 short sales made up 58.70 percent.<br />
<br />
*The number of "normal” sales in October increased by 34.91 percent over October 2010, while short-sales increased 40.83 percent and foreclosures dropped 38.50 percent.<br />
<br />
*The 8,937 homes pending closing in October of this year is an increase of 1.36 percent compared to the 8,817 pendings in October of last year.<br />
<br />
<strong><em>Median Price</em></strong><br />
<br />
*The <span style="background-color: yellow;">median price of all existing homes combined sold in October 2011, $112,700, is a 7.33 percent increase from the $105,000 median price recorded in October 2010.</span><br />
<br />
*The median price for "normal” existing homes sold in October is $153,000, a decrease of 11.70 percent from the median price of "normal” existing homes in October 2010. The median price for bank-owned sales is $80,000 and the median price for short sales is $95,000.<br />
<br />
<em><strong>Inventory</strong></em><br />
<br />
*<span style="background-color: yellow;">There are currently 9,973 homes available for purchase through the MLS</span>. The October 2011 overall inventory level is <span style="background-color: yellow;"><strong>35.41 percent lower than it was in October 2010</strong></span>.<br />
<br />
*Single-family home inventory is down 33.52 percent; condo inventory is down 38.69 percent.<br />
<br />
*The current pace of sales translates into 4.82 months of inventory supply.<br />
<br />
*Homes of all types spent an average of 106 days on the market before coming under contract in October 2011, and the average home sold for 94.66 percent of its listing price.Life As I See Ithttp://www.blogger.com/profile/11687632714805133013noreply@blogger.com0tag:blogger.com,1999:blog-1011557222889512070.post-44445164021915297312011-10-27T10:28:00.001-07:002011-10-27T10:28:55.373-07:00Renters spend 5% more than homeowners<div style="clear: both; margin-top: 5px;"></div>NEW YORK – Oct. 27, 2011 – Rising rents are forcing renters to outspend homeowners on housing costs, according to a new study.<br />
<br />
Since 2005, homeowners’ housing expenses have climbed from 31.9 percent of their household budget to 33.2 percent. In that same time period, renters’ expenses have jumped from 35.6 percent to 38.4 percent, according to the October CoreLogic U.S. Housing and Mortgage Trends.<br />
<br />
In the last 26 years, homeowners have increased the amount they spend on household expenses by 12 percent while renters have increased it by 22 percent, according to the study.<br />
<br />
Earlier this month, Capital Economics economists noted that for the first time in 30 years the median monthly mortgage payment is about the same – or less – than the median rental payment.<br />
<br />
Yet, with the bleak job market, homeownership rates continue to fall in many parts of the country, particularly among younger generations. CoreLogic found in its report that the homeownership rate for the 25-to-34 age group dropped from 51.6 percent in 1980 to 42 percent in 2010. For the 35-to-44 age group, homeownership rates fell from 71.2 percent to 62.3 percent over that period.<br />
<br />
Source: “Renters Outspend Owners on Housing,” RISMedia (Oct. 25, 2011) and Capital Economics<br />
<br />
© Copyright 2011 INFORMATION, INC. Bethesda, MDLife As I See Ithttp://www.blogger.com/profile/11687632714805133013noreply@blogger.com0tag:blogger.com,1999:blog-1011557222889512070.post-50624933232394045682011-10-13T14:16:00.000-07:002011-10-13T14:16:56.254-07:00Market Pulse Report: October 2011<div class="MsoNormal" style="line-height: 14.25pt; margin: 0in 0in 12pt; mso-margin-top-alt: auto;"><span style="color: black; font-family: 'Verdana','sans-serif'; font-size: 8.5pt; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: 'Times New Roman';">Here's a little overview of what's going on in Orlando:</span><br />
<br />
<span style="color: black; font-family: 'Verdana','sans-serif'; font-size: 8.5pt; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: 'Times New Roman';"><a href="http://orlrealtor.com/Main/Main.asp?CategoryID=3&SubCategoryID=2028&"><b><span style="color: #993333; text-decoration: none; text-underline: none;">Main</span></b></a> </span></div><ul type="disc"><li class="MsoNormal" style="color: black; line-height: 14.25pt; margin: 0in 0in 10pt; mso-list: l0 level1 lfo1; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; tab-stops: list .5in;"><span style="font-family: 'Verdana','sans-serif'; font-size: 8.5pt; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: 'Times New Roman';">Orlando home sales in September 2011 were down 13.48 percent over September 2010. </span></li>
<li class="MsoNormal" style="color: black; line-height: 14.25pt; margin: 0in 0in 10pt; mso-list: l0 level1 lfo1; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; tab-stops: list .5in;"><span style="font-family: 'Verdana','sans-serif'; font-size: 8.5pt; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: 'Times New Roman';">Of the 2,054 sales in September, 790 “normal” sales accounted for 38.46 percent of all sales, while 533 bank-owned and 731 short sales made up 61.54 percent. </span></li>
<li class="MsoNormal" style="color: black; line-height: 14.25pt; margin: 0in 0in 10pt; mso-list: l0 level1 lfo1; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; tab-stops: list .5in;"><span style="font-family: 'Verdana','sans-serif'; font-size: 8.5pt; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: 'Times New Roman';">The number of “normal” sales in September increased by 18.44 percent over September 2010, while short-sales increased 25.82 percent and foreclosures dropped 52.66 percent. </span></li>
<li class="MsoNormal" style="color: black; line-height: 14.25pt; margin: 0in 0in 10pt; mso-list: l0 level1 lfo1; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; tab-stops: list .5in;"><span style="font-family: 'Verdana','sans-serif'; font-size: 8.5pt; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: 'Times New Roman';">The 9,369 homes pending closing in September of this year is an increase of 7.53 percent compared to the 8,713 pendings in September of last year. </span></li>
</ul><div class="MsoNormal" style="line-height: 14.25pt; margin: 0in 0in 10pt 0.5in; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><br />
</div><div class="MsoNormal" style="margin: 0in 0in 0pt; mso-line-height-alt: 9.75pt; mso-margin-top-alt: auto; mso-outline-level: 3;"><b><span style="color: #992a3f; font-family: 'Verdana','sans-serif'; font-size: 10pt; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: 'Times New Roman';">Median Price</span></b></div><ul type="disc"><li class="MsoNormal" style="color: black; line-height: 14.25pt; margin: 0in 0in 12pt; mso-list: l1 level1 lfo2; mso-margin-top-alt: auto; tab-stops: list .5in;"><span style="font-family: 'Verdana','sans-serif'; font-size: 8.5pt; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: 'Times New Roman';">The median price of all existing homes combined sold in September 2011, $115,000, is a 9.52 percent increase from the $105,000 median price recorded in September 2010.</span></li>
<li class="MsoNormal" style="color: black; line-height: 14.25pt; margin: 0in 0in 12pt; mso-list: l1 level1 lfo2; mso-margin-top-alt: auto; tab-stops: list .5in;"><span style="font-family: 'Verdana','sans-serif'; font-size: 8.5pt; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: 'Times New Roman';">The median price for “normal” existing homes sold in September is $153,500, a decrease of 2.22 percent from the median price of “normal” existing homes in September 2010. The median price for bank-owned sales is $82,000 and the median price for short sales is $100,000.</span></li>
</ul><div class="MsoNormal" style="margin: 0in 0in 0pt; mso-line-height-alt: 9.75pt; mso-margin-top-alt: auto; mso-outline-level: 3;"><b><span style="color: #992a3f; font-family: 'Verdana','sans-serif'; font-size: 10pt; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: 'Times New Roman';">Inventory</span></b></div><ul type="disc"><li class="MsoNormal" style="color: black; line-height: 14.25pt; margin: 0in 0in 12pt; mso-list: l2 level1 lfo3; mso-margin-top-alt: auto; tab-stops: list .5in;"><span style="font-family: 'Verdana','sans-serif'; font-size: 8.5pt; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: 'Times New Roman';">There are currently 9,931 homes available for purchase through the MLS. The September 2011 <b style="mso-bidi-font-weight: normal;"><span style="background: yellow; mso-highlight: yellow;">inventory level is 39.29 percent lower</span></b> than it was in September 2010.</span></li>
<li class="MsoNormal" style="color: black; line-height: 14.25pt; margin: 0in 0in 12pt; mso-list: l2 level1 lfo3; mso-margin-top-alt: auto; tab-stops: list .5in;"><span style="font-family: 'Verdana','sans-serif'; font-size: 8.5pt; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: 'Times New Roman';">Orlando’s condo inventory is 50.16 percent lower than it was in September 2010.</span></li>
<li class="MsoNormal" style="color: black; line-height: 14.25pt; margin: 0in 0in 12pt; mso-list: l2 level1 lfo3; mso-margin-top-alt: auto; tab-stops: list .5in;"><span style="font-family: 'Verdana','sans-serif'; font-size: 8.5pt; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: 'Times New Roman';">The current pace of sales translates into <b style="mso-bidi-font-weight: normal;"><span style="background: yellow; mso-highlight: yellow;">4.83 months of inventory supply.</span></b></span></li>
</ul><div class="MsoNormal" style="margin: 0in 0in 0pt; mso-line-height-alt: 9.75pt; mso-margin-top-alt: auto; mso-outline-level: 3;"><b><span style="color: #992a3f; font-family: 'Verdana','sans-serif'; font-size: 10pt; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: 'Times New Roman';">Other</span></b></div><ul type="disc"><li class="MsoNormal" style="color: black; line-height: 14.25pt; margin: 0in 0in 12pt; mso-list: l3 level1 lfo4; mso-margin-top-alt: auto; tab-stops: list .5in;"><span style="font-family: 'Verdana','sans-serif'; font-size: 8.5pt; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: 'Times New Roman';">The Orlando affordability index increased to 250.11 percent in September. First-time homebuyer affordability in September increased to 177.87 percent. </span></li>
<li class="MsoNormal" style="color: black; line-height: 14.25pt; margin: 0in 0in 12pt; mso-list: l3 level1 lfo4; mso-margin-top-alt: auto; tab-stops: list .5in;"><span style="font-family: 'Verdana','sans-serif'; font-size: 8.5pt; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: 'Times New Roman';">Homes of all types spent an average of 100 days on the market before coming under contract in September 2011, and the average home sold for 93.80 percent of its listing price. </span></li>
</ul>Life As I See Ithttp://www.blogger.com/profile/11687632714805133013noreply@blogger.com0tag:blogger.com,1999:blog-1011557222889512070.post-33674747033806435262011-10-13T14:13:00.000-07:002011-10-13T14:13:02.781-07:00Why homeownership matters…<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEipvFdFCJ-Y0aVzAYSdY_0_tF9N1tP1NQv-S9eEf0xKOMQCTNBSDu-Q6iHkjkINVLdM-SXVrPN6hRISIyE-zmBEbhTuKpGgMjPTRI0kZtYTlWTVFVNR5-gIW2fUyJUS64rXV-SXpZV_dtk/s1600/buying-a-home.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="320px" oda="true" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEipvFdFCJ-Y0aVzAYSdY_0_tF9N1tP1NQv-S9eEf0xKOMQCTNBSDu-Q6iHkjkINVLdM-SXVrPN6hRISIyE-zmBEbhTuKpGgMjPTRI0kZtYTlWTVFVNR5-gIW2fUyJUS64rXV-SXpZV_dtk/s320/buying-a-home.jpg" width="213px" /></a></div><b>To people</b><br />
<ul type="disc"><li>Homeowners are happier and healthier and enjoy a greater feeling of control over their lives. </li>
</ul><ul type="disc"><li>Owning a home is one of the best ways to build long-term wealth. Historically, a homeowner’s net worth has ranged from 31 to 46 times that of a renter. </li>
</ul><ul type="disc"><li>Home owners are free to redecorate, renovate, and modify their homes as they wish. </li>
</ul><ul type="disc"><li style="border-bottom: medium none; border-left: medium none; border-right: medium none; border-top: medium none;">Most home owners enjoy stable housing costs — a fixed-rate mortgage payment might not change for 15 to 30 years while rent typically increases 3 percent a year. </li>
</ul><ul type="disc"><li>Homeowners can typically deduct mortgage interest and property taxes on their federal individual income tax return. </li>
</ul><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjne9tr9_YhJQIeh5mvVOXfyTp2FGUm9vuDRpIcIC24lhdmBYf4kcQ33nmxjdibjusHaZCMJkNNbon-Z37AY7oSQAQ0qsaLnMkoINlXVSKMUhqJB1klRjhiaJNNIoO2IpZfzUqnk2m6XKg/s1600/Community_words.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="200px" oda="true" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjne9tr9_YhJQIeh5mvVOXfyTp2FGUm9vuDRpIcIC24lhdmBYf4kcQ33nmxjdibjusHaZCMJkNNbon-Z37AY7oSQAQ0qsaLnMkoINlXVSKMUhqJB1klRjhiaJNNIoO2IpZfzUqnk2m6XKg/s200/Community_words.jpg" width="200px" /></a></div><div style="border-bottom: medium none; border-left: medium none; border-right: medium none; border-top: medium none;"><b><br />
To communities</b></div><ul type="disc"><li style="border-bottom: medium none; border-left: medium none; border-right: medium none; border-top: medium none;">People who own homes vote more, volunteer more and contribute more to their neighborhoods. </li>
</ul><ul type="disc"><li style="border-bottom: medium none; border-left: medium none; border-right: medium none; border-top: medium none;">Homeowners do not move as frequently as renters, providing more neighborhood stability. In turn, this stability helps reduce crime and supports neighborhood upkeep. </li>
</ul><ul type="disc"><li style="border-bottom: medium none; border-left: medium none; border-right: medium none; border-top: medium none;">Children of homeowners do better in school, stay in school longer, are more likely to participate in organized activities and spend less time in front of the television. </li>
</ul><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgJ33nkLdt9wjX_AquKYJ1N_arQ4oDqAgyUiinwnBOEEtgTQ98FTtUjm7iRkoCNEbegRywNb0e3KlhMBJ08rTbJ5KBpm3wRaSjGEpSXNAhV97bqw2P7cL3Zxz-5FoI-Sv2VxXI3DRCl-tE/s1600/american-flag-patriotism.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="184px" oda="true" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgJ33nkLdt9wjX_AquKYJ1N_arQ4oDqAgyUiinwnBOEEtgTQ98FTtUjm7iRkoCNEbegRywNb0e3KlhMBJ08rTbJ5KBpm3wRaSjGEpSXNAhV97bqw2P7cL3Zxz-5FoI-Sv2VxXI3DRCl-tE/s320/american-flag-patriotism.jpg" width="320px" /></a></div><div style="border-bottom: medium none; border-left: medium none; border-right: medium none; border-top: medium none;"><b><br />
To the United States</b></div><ul type="disc"><li style="border-bottom: medium none; border-left: medium none; border-right: medium none; border-top: medium none;">67 percent of American households are owner-occupied. America is a nation of home owners. </li>
</ul><ul type="disc"><li style="border-bottom: medium none; border-left: medium none; border-right: medium none; border-top: medium none;">Homeowners pay 80 to 90 percent of federal individual income taxes, contributing to federal programs that benefit all Americans. </li>
</ul><ul type="disc"><li>Every home purchased pumps $60,000 into the economy for furniture, home improvements, and related items. </li>
</ul><ul type="disc"><li>Housing accounts for more than 15 percent of the national Gross Domestic Product, a key driver of our national economy. </li>
</ul>Life As I See Ithttp://www.blogger.com/profile/11687632714805133013noreply@blogger.com0