Orlando Real Estate

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$249,900.00
3622 Devonswood Dr

Orlando, FL 32806



Beds: 3 Rooms: 0
Full Baths: 2 Sq. Ft.: 1698
Garage: 0 Built: 2010
 

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



 
  Visit this listing here

Posted by David W. Welch on April 16th, 2014 10:33 PMPost a Comment (0)

April 14th, 2014 8:41 AM

There are 10,815 homes for sale listed by Orlando Realtors® and 8,258 homes listed as contract pending. Of the homes still available for sale, 1,775 are foreclosures and 1,193 are short sales. Of the homes with contracts pending, 1,552 are foreclosures and 3,553 are short sales.

Way too early Orlando real estate sales statistics for April: 807 closed sales with a median sales price of $159,900. We should be looking good this month.

David Welch Real Estate OptimistOrlando Real Estate


Posted by David W. Welch on April 14th, 2014 8:41 AMPost a Comment (0)

SOLD
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$269,900.00
3409 Gatlin Place Cir

Orlando, FL 32812



Beds: 4 Rooms: 0
Full Baths: 2 Sq. Ft.: 0
Garage: 0 Built: 1992
 

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 11th, 2014 4:37 PMPost a Comment (0)

It may be a "no-brainer" that a lot of folks may move from nearby Georgia to The City Beautiful. Orlando and Atlanta are less than six hours apart driving. Given the ridiculously cold weather up north this year, it is understandable that so many people from The Windy City and The Big Apple have moved to warmer climes. Some of the other top cities may not be as obvious. I heard a statistics once that 95% of all Americans will visit Orlando in their lifetime. Last year 57 million people visited our city from all over the globe. Our metropolitan area has about 2 million residents and another 1 million visitors each week.

Most people only think of Orlando as the tourism mecca that it is. Don't stop there though. Orlando is also quite the technology hub; the gaming and simulation industries are huge here and may be attracting talent from the Lone Star State, Vegas and LA. We also have a burgeoning Medical City boasting the brand new UCF Medical School, Burnham Biomedical Research, Nemours Childrens Hospital and coming soon the new VA Hospital. Downtown Orlando is developing a digital village with two of the top ten digital media programs in the country at Full Sail and the University of Central Florida. So check out this "mobile migration map" provided by Spokeo to see where the new folks are coming from. I was lucky enough to be born in Central Florida.

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Posted by David W. Welch on April 9th, 2014 3:17 PMPost a Comment (0)

April 7th, 2014 2:06 PM
Inventory continues to climb as we enter the spring selling season. There are currently 10,738 homes listed active by Orlando Realtors®. Of the homes for sale 1,790 or 16.7% are REO, 1,189 or 11.1% are short sales and 7,759 or 72.3% are equity sales. REO and equity sales are both up from February, but short sales have declined slightly. There are 8,129 properties listed as having a contract pending. Of the homes under contract, 1,478 or 18.2% are REO, 3,570 or 43.9% are short sales and 3,081 or 37.9% are equity sales. Short sales continue to drag taking an average of 264 days to close of the properties that sold last month.

Speaking of sales, we came in at the top of the range I had predicted last month with 2,593 closed sales and a median sales price of $156,000. We have been hovering between $150,000 and $160,000 since last summer. Of the homes that sold last month, 724 or 27.9% and a median price of $103,754 were REO, only 216 or 8.3% and a median price of $120,000 were short sales, and 1,653 or 63.7% and a median price of $190,000 were equity sales. The paltry number of closed short sales represented only 6.1% of the pending short sales. At that pace it would take 16.5 months to close the current pending short sales. The average time for last month's sales to go under contract was 73 days and the average time from contract to closing was 45 days. Cash sales are still a large percentage of total sales, but no longer playing the dominant role. There were 1,218 or 47% of the sales closing as all cash transactions with a median price of $108,000. Financed sales made up 1,375 or 53% of all sales with a median price of $195,500.

I am looking for April to beat last year's 2,718 closed sales. I expect we could see prices a bit higher this month too. I am expecting to see the median price move closer to the $160,000 mark.

by David Welch

Posted by David W. Welch on April 7th, 2014 2:06 PMPost a Comment (0)

April 7th, 2014 12:06 PM

There are 10,734 homes for sale listed by Orlando Realtors® and 8,131 homes listed as contract pending. Of the homes still available for sale, 1,788 are foreclosures and 1,190 are short sales. Of the homes with contracts pending, 1,478 are foreclosures and 3,569 are short sales.

Way too early Orlando real estate sales statistics for April: 296 closed sales with a median sales price of $162,000. I will be working on my final March numbers later today.

David Welch Real Estate OptimistOrlando Real Estate


Posted by David W. Welch on April 7th, 2014 12:06 PMPost a Comment (0)

April 1st, 2014 9:37 AM


There are 10,629 homes for sale listed by Orlando Realtors® and 8,125 homes listed as contract pending. Of the homes still available for sale, 1,792 are foreclosures and 1,177 are short sales. Of the homes with contracts pending, 1,465 are foreclosures and 3,592 are short sales.

Early Orlando real estate sales statistics for March: 2,300 closed sales with a median sales price of $155,000. I'm looking for another 200 late closings to be posted.

David Welch Real Estate OptimistOrlando Real Estate


Posted by David W. Welch on April 1st, 2014 9:37 AMPost a Comment (0)

Sale Pending
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$65,900.00
5319 Hansel Ave E-8

Edgewood, FL 32809



Beds: 2 Rooms: 0
Full Baths: 2 Sq. Ft.: 994
Garage: 0 Built: 1970
 

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 March 31st, 2014 3:46 PMPost a Comment (0)

March 28th, 2014 11:09 AM

 

There are 10,599 homes for sale listed by Orlando Realtors® and 8,284 homes listed as contract pending. Of the homes still available for sale, 1,776 are foreclosures and 1,178 are short sales. Of the homes with contracts pending, 1,505 are foreclosures and 3,630 are short sales.

Too early Orlando real estate sales statistics for March: 1,892 closed sales with a median sales price of $152,000. Spring selling looks like it is in full swing in Orlando.

David Welch Real Estate OptimistOrlando Real Estate


Posted by David W. Welch on March 28th, 2014 11:09 AMPost a Comment (0)

March 24th, 2014 1:01 PM

 

There are 10,594 homes for sale listed by Orlando Realtors® and 8,204 homes listed as contract pending. Of the homes still available for sale, 1,719 are foreclosures and 1,199 are short sales. Of the homes with contracts pending, 1,517 are foreclosures and 3,622 are short sales.

Too early Orlando real estate sales statistics for March: 1,512 closed sales with a median sales price of $154,930. Sales still looking to come in around 2,500 this month.

David Welch Real Estate OptimistOrlando Real Estate


Posted by David W. Welch on March 24th, 2014 1:01 PMPost a Comment (0)

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