Waypointe Realty Testimonial: Chris and Robyn

Gorgeous new listing in Timber Isle community

Start 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.

February 2014 - Market Pulse Report

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.

Things are looking good for buyers!

Sales


*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.


*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.


*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.


*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.


*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).


*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).


Median Price

*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.


*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 2013.


*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.


Inventory

*There are currently 9,927 homes available for purchase through the MLS. The January 2014 overall inventory level is 35.32 percent higher than it was in January 2013; inventory is up 5.37 percent compared to December 2013.


*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.


*Year-to-year single-family home inventory is up 38.32 percent; condo inventory is up 19.32 percent.


*The current pace of sales translates into 5.52 months of inventory supply.


Other

*New contracts are down 6.79 percent compared to January of 2013. New listings are up 16.96 percent.


*The Orlando affordability index increased to 191.09 percent in January. First-time homebuyer affordability in January increased to 135.89 percent.


*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.

Interior Design Trends 2014

So what's in and what's out in interior design?

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.

According to WSJ, here is the overall pulse of today's interior design:





What's Hot:

• Quartz countertops 
• Macrame wall decor 
• Corduroy
• Acrylic furniture 
• Dark accent walls

What's Not:

• Granite countertops - while they were hot for a long time, they're definitely on their way out
• Apron-front sicks
• Strong, angular shapes in bathrooms
• Animal decorative motifs (blinky owls, foxes, timid deer)

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 =)

Market Pulse Report - November 2013

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.

Here's the rundown:


Sales
*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.

*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.

*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.

*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.

*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).

*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.

*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.

Median Price
*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.

*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.

*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.

Inventory
*There are currently 9,470 homes available for purchase 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.

*Year-to-year single-family home inventory is up 15.99 percent; condo inventory is up 15.56 percent.

*The current pace of sales translates into 4.10 months of inventory supply.

Other
*New contracts are down 4.52 percent compared to October of 2012. New listings are up 18.31 percent.

*The Orlando affordability index increased to 189.20 percent in October. First-time homebuyer affordability in October increased to 134.54 percent.

*Homes of all types spent an average of 64 days on the market before coming under contract in October 2013, and the average home sold for 96.18 percent of its listing price.

Market Pulse Report - September 2013

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:

Sales
*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.

*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.

*Of the 2,404 sales in September, 1,543 normal sales accounted for 64.18 percent of all sales, while 437 bank-owned and 424 short sales respectively made up 18.18 percent and 17.64 percent.

*The number of normal sales in September increased by 40.27 percent compared to September 2012, while short-sales decreased 34.87 percent and foreclosures decreased by 19.82 percent.

*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).

*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.

*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.
Each individual county’s monthly sales comparisons are as follows:

• Lake: 17.58 percent above September 2012;
• Orange: 0.07 percent below September 2012;
• Osceola: 3.40 percent above September 2012; and
• Seminole: 7.32 percent above September 2012.

Median Price
*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.

*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.

*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.

Inventory
*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.

*Year-to-year single-family home inventory is up 12.65 percent; condo inventory is up 9.93 percent.

*The current pace of sales translates into 3.80 months of inventory supply.

Market Pulse Report - July 2013

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.

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!

The best good news for sellers is that the median price for existing homes has increased.

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.

Here's the rundown of what's going on in today's market:


Sales
*Orlando home sales (all home types combined) in July 2013 were up 15.28 percent when compared to July of 2012 and up 6.67 percent when compared to June 2013.

*Single-family home sales in the Orlando area increased by 17.89 percent in July when compared to July of last year. Villa sales increased by 19.18 percent; condo sales decreased 1.14 percent.

*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.

*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.

*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). (But at least we're increased from last month!)

*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.

*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.

Each individual county’s monthly sales comparisons are as follows:

• Lake: 25.54 percent above July 2012;
• Orange: 10.30 percent above July 2012;
• Osceola: 4.02 percent above July 2012; and
• Seminole: 13.08 percent above July 2012.

Median Price
*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.

*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.

*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.

Inventory
*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.

*Year-to-year single-family home inventory is down 2.15 percent; condo inventory is up 2.53 percent.

*The current pace of sales translates into 2.86 months of inventory supply.

Other
*New contracts are up 1.83 percent compared to July of 2012. New listings are up 17.78 percent.

*The Orlando affordability index decreased to 180.54 percent in July. First-time homebuyer affordability in July decreased to 128.38 percent.

*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.