Orlando Real Estate

May 19th, 2015 11:33 AM

There are 11,599 homes for sale listed by Orlando Realtors® and 7,450 homes listed as contract pending. Of the homes still available for sale, 1,655 are foreclosures and 581 are short sales. Of the homes with contracts pending, 1,723 are foreclosures and 1,327 are short sales.

Way too early Orlando real estate sales statistics for May: 1,457 closed sales with a median sales price of $177,500. Sales are looking really strong again this month and prices are also doing well. There has been a slight uptick in the inventory by about 125 homes.

David Welch Real Estate Optimist, Orlando Real Estate


Posted by David W. Welch on May 19th, 2015 11:33 AMLeave a Comment

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Here is the latest Orlando real estate market update from the Orlando Regional Realtor Association.



Posted by David W. Welch on May 15th, 2015 11:40 AMLeave a Comment

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$429,900.00
2277 Osprey Ave

Orlando, FL 32814



Beds: 0 Rooms: 0
Full Baths: 0 Sq. Ft.: 0
Garage: 0 Built: 0
 

This is a new listing that
I thought you might be
interested in. Visit this
listing online to see more
photos of the property,
Google? Earth satellite
images, and much more.
 

If you have any questions
about this property or
require more information,
please feel free to call.

David W. Welch
RE/MAX 200 Realty
4076296330
www.davidwelch.com



 
  Visit this listing here

Posted by David W. Welch on May 14th, 2015 11:34 AMLeave a Comment

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May 12th, 2015 11:38 AM

There are 11,516 homes for sale listed by Orlando Realtors® and 8,061 homes listed as contract pending. Of the homes still available for sale, 1,666 are foreclosures and 568 are short sales. Of the homes with contracts pending, 1,729 are foreclosures and 1,887 are short sales.

Way too early Orlando real estate sales statistics for December: 763 closed sales with a median sales price of $177,500. Sales continue to look strong, and so do prices. Inventory has creeped up just a bit as we are about to enter the summer selling season.

David Welch Real Estate Optimist, Orlando Real Estate


Posted by David W. Welch on May 12th, 2015 11:38 AMLeave a Comment

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May 5th, 2015 2:06 PM

More of the same last month as compared with March, but that's not a bad thing. The inventory of home available for sale has been incredibly consistent since January. There are currently 11,470 homes listed as active by Orlando Realtors®. Of the homes currently on the market, 1,641 or 14.3% are REO, 579 or 5.0% are short sales and 9,249 or 80.6% are equity sales. Both the REO and short sales are down slightly while the improving trend of a greater number of traditional, equity sales continues.

Pending sales continue to grow slowly with 7,826 home currently listed as pending or active with contract. Of the homes currently under contract, 1,684 or 21.5% are REO, 1,891 or 24.2% are short sales, and 4,251 or 54.3% are equity sales. Again, REO and short sales are declining while traditional, equity sales are climbing.

Sales also continued to improve over March's terrific numbers. There were 3,367 sales closed in April with a median price of $173,000. The median price is slightly lower than March's $175,000, but is nearly 6.5% higher than a year ago. The number of sales is a slight improvement from the prior month, but a huge 24.8% gain from a year ago. Of the home sales that close in April, 892 or 26.5% were REO sales with a median price of $115,125; only 162 or 4.8% were short sales with a median price of $140,000; and 2,313 or 68.7% were equity sales with a median price of $195,000. Short sales continue to be a drag, representing on 8.6% of the pending short sales and still taking on average 275 days to close.

Cash sales are on the decline with 1,374 or 40.8% of sales closing for all cash with a median price of $110,985. There were 1,993  or 59.2% of the sales closing with some form of financing with a median price of $205,000.

David Welch Real Estate Optimist, Orlando Real Estate


Posted by David W. Welch on May 5th, 2015 2:06 PMLeave a Comment

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April 28th, 2015 12:44 PM

Understanding the finance methods of purchasing or selling a property may be getting complex over time but the process is however inevitable. A customer ought to know of certain requirements and terms when involved in such transactions. As you know, loan is an option many resort to when they cannot afford a property. Loans however come on certain terms and conditions and work under several policies. It is no child's play to procure a loan from the bank.

One must always be informed of the finance policies before they apply for the loan or you might end up being charged exorbitantly for the loan. The hidden costs are the ones which most trouble mankind post procuring the loan. Have you heard of Mortgage financing before? Here is what you must know of it before you apply for the loan.

Mortgage financing, as the term suggests refers to getting financed by the bank ruled by certain terms wherein you ought to mortgage an asset to the bank while you owe the money. The person is required to repay the bank in instalments and once the payment is made, the person gains legal rights on the mortgaged property.

In case of buying a new property or automobile, it is usually the car or property which remains under control of the bank till you pay back your debts, however in case of loan for personal use you may be required to mortgage an existing asset as security for the bank in case you declare yourself bankrupt and are unable to pay the debts. You need to clear off all the debts before the property gets clearance from the bank and you are made the legal owner of the property. Mortgage financing too has various types and it is extremely important for you to be aware of types of mortgage financing, the terms and conditions alongside the policies you will be governed by before you apply for a loan.

An informed decision is not just easier to make but will also save you lots of time and money. Once you know which kind of loan do you want, it is only easy for you to carry out the formalities and procure the loan in a speedy process without having to sweat it out travelling from one bank to another. Also, the type of mortgage finance applicable varies on a case to case basis so you must confirm on the rate of interest applicable on different types of finance. You must be aware of the type of loan you are required to apply for and the minute details related to the conditions under which the bank will finance your transaction. the hidden costs and details are something no bank will tell you upfront. Most companies however still offer few kinds of loans, mostly two types to make it easier for the customer to understand the process.

The two most popular types of loans that the companies offer are fixed rate mortgage finance or adjustable rate mortgage finance. Fixed rate mortgage finance can be the more preferable option since at the time of procuring the loan you get complete knowledge of the instalments you ought to pay, the interest that will be incurred and there will thereby be no worry of future changes in the amount, just in case the interest rate rises and you may have to afford a higher instalment.

Adjustable rate mortgages are mostly a gamble since in case of drop of interest rates you might be at benefit but in case the rate rise you would have to shell out extra. You will always be governed by the new interest rates and thus there may be changes in your instalment figure and you may not know the fixed amount you have to pay each month.

That said, it might be a gamble you want to make if risk is your thing. Mortgage finance is a concept easy to be understood, just made a lot more complicated for the customer to not try and figure out hidden technicalities. 


Posted by David W. Welch on April 28th, 2015 12:44 PMLeave a Comment

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April 24th, 2015 11:54 AM

There are 11,457 homes for sale listed by Orlando Realtors® and 8,053 homes listed as contract pending. Of the homes still available for sale, 1,610 are foreclosures and 598 are short sales. Of the homes with contracts pending, 1,796 are foreclosures and 1,913 are short sales.

Too early Orlando real estate sales statistics for April: 2,092 closed sales with a median sales price of $174,250. April sales look like they will slightly outpace last year, and prices are likely to be up more than 7%.

David Welch Real Estate Optimist, Orlando Real Estate


Posted by David W. Welch on April 24th, 2015 11:54 AMLeave a Comment

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$269,900.00
2613 VINE ST

Orlando, FL 32806



Beds: 3 Rooms: 0
Full Baths: 2 Sq. Ft.: 2091
Garage: 0 Built: 1966
 

This is a new listing that
I thought you might be
interested in. Visit this
listing online to see more
photos of the property,
Google? Earth satellite
images, and much more.
 

If you have any questions
about this property or
require more information,
please feel free to call.

David W. Welch
RE/MAX 200 Realty
4076296330
www.davidwelch.com



 
  Visit this listing here

Posted by David W. Welch on April 19th, 2015 11:27 AMLeave a Comment

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Here is the latest market report courtesy of the Orlando Regional Realtor Association.



Posted by David W. Welch on April 15th, 2015 1:13 PMLeave a Comment

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$469,900.00
30531 Orange Dr

Leesburg, FL 34748



Beds: 3 Rooms: 0
Full Baths: 2 Sq. Ft.: 2407
Garage: 0 Built: 0
 

144 feet of frontage on Lake Harris.
This is a new listing that
I thought you might be
interested in. Visit this
listing online to see more
photos of the property,
Google? Earth satellite
images, and much more.
 

If you have any questions
about this property or
require more information,
please feel free to call.

David W. Welch
RE/MAX 200 Realty
4076296330
www.davidwelch.com



 
  Visit this listing here

Posted by David W. Welch on April 9th, 2015 5:12 PMView Comments (1)

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