Orlando Real Estate

August 27th, 2014 10:09 AM

There are 12,384 homes for sale listed by Orlando Realtors® and 7,595 homes listed as contract pending. Of the homes still available for sale, 2,084 are foreclosures and 1,112 are short sales. Of the homes with contracts pending, 1,634 are foreclosures and 2,670 are short sales.

Too early Orlando real estate sales statistics for August: 2,061 closed sales with a median sales price of $161,500. Either pendings jumped in the last week, or the stats from our MLS were off.

David Welch Real Estate OptimistOrlando Real Estate


Posted by David W. Welch on August 27th, 2014 10:09 AMPost a Comment (0)

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$474,900.00
1751 Blue Ridge Rd

Winter Park, FL 32789



Beds: 4 Rooms: 0
Full Baths: 2 Sq. Ft.: 3113
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 August 21st, 2014 3:49 PMPost a Comment (0)

August 20th, 2014 8:53 AM

There are 12,323 homes for sale listed by Orlando Realtors® and 6,709 homes listed as contract pending. Of the homes still available for sale, 2,026 are foreclosures and 1,139 are short sales. Of the homes with contracts pending, 1,648 are foreclosures and 2,709 are short sales.

Way too early Orlando real estate sales statistics for August: 1,357 closed sales with a median sales price of $162,500. Inventory is still climbing, but I think more slowly. Foreclosures are up, but short sales are down a bit.

David Welch Real Estate OptimistOrlando Real Estate


Posted by David W. Welch on August 20th, 2014 8:53 AMPost a Comment (0)

August 14th, 2014 9:01 AM

There are 12,280 homes for sale listed by Orlando Realtors® and 7,631 homes listed as contract pending. Of the homes still available for sale, 2,003 are foreclosures and 1,147 are short sales. Of the homes with contracts pending, 1,616 are foreclosures and 2,723 are short sales.

Way too early Orlando real estate sales statistics for August: 838 closed sales with a median sales price of $162,500. Inventory finally appears to be leveling off. We are also entering a slower time of year as students head back to school over the next few weeks.

David Welch Real Estate OptimistOrlando Real Estate


Posted by David W. Welch on August 14th, 2014 9:01 AMPost a Comment (0)

August 5th, 2014 1:40 PM
Active listings are up with 12,250 properties listed active by Orlando Realtors. That number is down from just a few days ago though, so I am wondering if the pace of new listings is finally slowing down. Of those active listings 1,990 or 16.2% are REO, 1,145 or 9.3% are short sales and 9,115 or 74.4% are equity sales. All types of listings are up from a month ago.

Pending sales continue to slide with only 7,524 currently listed as having a contract pending. Of the properties with contracts on them 1,571 or 20.9% are REO, 2,765 or 36.7% are short sales and 3,188 or 42.4% are equity sales. I include both pending and the active with contract status in my pending numbers.

There were 3,003 closed sales in the month of July with a median sales price of $169,900. I had hoped for 3,000 sales, and we just got across the line. Of the closed sales 760 or 25.3% were REO with a median price of $104,900; only 247 or 8.2% were short sales with a median price of $130,000; and 1,996 or 66.5% were equity sales with a median price of $202,500. Successful short sales continue take an average nine months from listing to close. The 247 closed short sales accounted for only 8.9% of the pending short sales. The overall median price was up slightly, as was the median price for REO and equity sales.

Cash sales remain strong, but continue to show signs of weakening. There were 1,230 or 41% of the closed sales closing for all cash  with a median sales price of $112,000. The remaining 59% or 1,773 sales had some type of financing and closed with a median price of $199,900. At the current sales pace there is about a four month supply of available inventory.

Posted by David W. Welch on August 5th, 2014 1:40 PMPost a Comment (0)

July 30th, 2014 7:18 AM

There are 12,259 homes for sale listed by Orlando Realtors® and 7,768 homes listed as contract pending. Of the homes still available for sale, 1,964 are foreclosures and 1,167 are short sales. Of the homes with contracts pending, 1,608 are foreclosures and 2,807 are short sales.

Early Orlando real estate sales statistics for July: 2,358 closed sales with a median sales price of $167,475. Inventory is continuing to rise while pending sales are declining. This is not the July I was hoping for.

David Welch Real Estate OptimistOrlando Real Estate


Posted by David W. Welch on July 30th, 2014 7:18 AMPost a Comment (0)

July 23rd, 2014 11:39 AM

There are 12,093 homes for sale listed by Orlando Realtors® and 7,870 homes listed as contract pending. Of the homes still available for sale, 1,915 are foreclosures and 1,119 are short sales. Of the homes with contracts pending, 1,662 are foreclosures and 2,877 are short sales.

Too early Orlando real estate sales statistics for July: 1,695 closed sales with a median sales price of $170,000. Inventory is continuing to rise while pending sales are declining. New listings last month slowed from May, but still way outpaced new contracts.
David Welch Real Estate OptimistOrlando Real Estate


Posted by David W. Welch on July 23rd, 2014 11:39 AMPost a Comment (0)

This is a sample of the type of information and advice I share on my website. If you are thinking of selling or buying, check it out then give me a call so we can discuss your next steps.

Inspect the outside ground. Remove any building materials, scrap wood, discarded household items, etc. from the property. Store garbage cans in the garage.

Check the home from the roof line down.

  • Is the roof free and clear from obstructions and moss?
  • Are the gutters clear and neatly hung?
  • Are the windows clean and free from obstructions (such as overgrown bushes or trees)?
  • Are bushes, trees and shrubs neatly pruned?
  • Inspect the condition of the paint or siding?

  • Is it time to power wash the siding?
  • Is touch up paint needed?
  • Is the front door in good shape?
  • Do flower beds need an upgrade?

  • Are plants neatly pruned?
  • Is the bed free and clear of weeds?
  • Is the bed properly mulched?
  • Are flowers in bloom?
  • Keep the lawn neatly groomed.

  • Is the lawn free from weeds?
  • Is the lawn free from grass clippings?
  • Is the lawn neatly edged?
  • Orlando Real Estate
    by David Welch


    Posted by David W. Welch on July 21st, 2014 7:59 AMPost a Comment (0)

    July 15th, 2014 11:26 AM

    There are 12,021 homes for sale listed by Orlando Realtors® and 7,827 homes listed as contract pending. Of the homes still available for sale, 1,963 are foreclosures and 1,125 are short sales. Of the homes with contracts pending, 1,554 are foreclosures and 2,934 are short sales.

    Way too early Orlando real estate sales statistics for July: 919 closed sales with a median sales price of $170,000. Inventory is continuing to rise including traditional, REO and short sales while pending sales are declining. New listings last month slowed from May, but still way outpaced new contracts.
    David Welch Real Estate OptimistOrlando Real Estate


    Posted by David W. Welch on July 15th, 2014 11:26 AMPost a Comment (0)

    These loans take time. 
     1-Contract closing date less than 60 days.
     2-Appraisal due in less than 40 days.
     3-Loan commitment in 30 days.
     4-Appraisal before repair bids are complete.

    Timing is everything.
     5-Utilities not on before inspections.
     6-WDO scheduled after cost consultant inspection.
     7-Not setting up inspections in a timely manner.
     8-Not setting up contractors in a timely manner.
     9-Not accepting bids in a timely manner.
    10-Not getting your paperwork completed in a timely manner.

    Work with the right team.
    11-Not hiring an inspector that is a certified renovation cost consultant.
    12-Not choosing a contractor who is already certified to work on renovation loan projects.

    If you are considering purchasing a fixer upper, start with the right team. Contact me, and let me get you in touch with the right lender to guide you through this process. These common mistakes were provided by Kelly Taylor with FBC Mortgage, LLC.

    Posted by David W. Welch on July 11th, 2014 2:19 PMPost a Comment (0)

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