Orlando Real Estate

January 23rd, 2015 12:32 PM

There are 12,097 homes for sale listed by Orlando Realtors® and 6,618 homes listed as contract pending. Of the homes still available for sale, 2,048 are foreclosures and 832 are short sales. Of the homes with contracts pending, 1,892 are foreclosures and 1,998 are short sales.

Way too early Orlando real estate sales statistics for January: 1,242 closed sales with a median sales price of $154,000.

David Welch Real Estate Optimist, Orlando Real Estate


Posted by David W. Welch on January 23rd, 2015 12:32 PMLeave a Comment

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Listings Photo
$169,900.00
2809 RIDDLE DR

Winter Park, FL 32789



Beds: 3 Rooms: 0
Full Baths: 2 Sq. Ft.: 1569
Garage: 0 Built: 1959
 

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 January 22nd, 2015 8:04 AMLeave a Comment

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Listings Photo
$95,000.00
1626 Gulfview Dr.

Maitland, FL 32751



Beds: 3 Rooms: 0
Full Baths: 3 Sq. Ft.: 1328
Garage: 0 Built: 1982
 

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

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Posted by David W. Welch on January 21st, 2015 6:14 PMLeave a Comment

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January 16th, 2015 11:35 AM

There are 12,036 homes for sale listed by Orlando Realtors® and 6,381 homes listed as contract pending. Of the homes still available for sale, 2,064 are foreclosures and 870 are short sales. Of the homes with contracts pending, 1,871 are foreclosures and 2,010 are short sales.

Way too early Orlando real estate sales statistics for January: 732 closed sales with a median sales price of $161,437. December closed really strong, but so far January looks to be a bit behind.

David Welch Real Estate Optimist, Orlando Real Estate


Posted by David W. Welch on January 16th, 2015 11:35 AMLeave a Comment

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January 6th, 2015 1:25 PM

For the second month in a row, the inventory of available homes for sale is down. At this point it could be a reflection of normal seasonality, or maybe the beginning of a trend. There are 11,947 homes listed as active by Orlando Realtors®. Of the properties currently available, 2,213 or 18.5% are REO properties, 872 or 7.3% are short sales and 8,862 or 74.2% are equity sales.  REO properties are also known as bank owned or foreclosure properties. Short sales are properties that are valued less than the outstanding mortgage, and equity sales are traditional sales where the owner actually has equity in their property.

Baldwin Park Townhouse

There are 5,934 properties with contracts, listed as either active with contract or pending. Of the properties with contracts on them, 1,644 or 27.7% are REO, 2,067 or 34.8% are short sales and 2,223 or 37.5% are equity sales.

In December 3,117 property sales closed with a median sales price of $163,000. Of the homes that sold 976 or 31.3% were REO sales with a median sales price of $110,000; 140 or 4.5% were short sales with a median price of $140,000 and 2,001 or 64.2% were equity sales with a median price of $192,500. Short sales continue to decline, and last months short sale closings accounted for only 6.8% of the pending short sales. On average short sales that closed in December took 291 days. The longest one took 1,267 days or 3.5 years to successfully close. Cash sales are also continuing to decline somewhat. 1,319 or 42.3% of all sales last months closed with no financing at a median price of $108,000. Financed sales accounted for 1,798 closings or 57.7% of all sales with a median price of $195,000.


Posted by David W. Welch on January 6th, 2015 1:25 PMLeave a Comment

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December 23rd, 2014 1:57 PM

There are 12,270 homes for sale listed by Orlando Realtors® and 6,319 homes listed as contract pending. Of the homes still available for sale, 2,223 are foreclosures and 901 are short sales. Of the homes with contracts pending, 1,737 are foreclosures and 2,125 are short sales.

Way too early Orlando real estate sales statistics for December: 2,067 closed sales with a median sales price of $164,900. It looks like we are going to finish 2014 pretty strong.

David Welch Real Estate Optimist, Orlando Real Estate


Posted by David W. Welch on December 23rd, 2014 1:57 PMLeave a Comment

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December 18th, 2014 12:39 PM

There are 12,378 homes for sale listed by Orlando Realtors® and 6,493 homes listed as contract pending. Of the homes still available for sale, 2,218 are foreclosures and 921 are short sales. Of the homes with contracts pending, 1,780 are foreclosures and 2,139 are short sales.

Way too early Orlando real estate sales statistics for December: 1,493 closed sales with a median sales price of $162,000. Sales and prices continue to outpace last year, but just barely.

David Welch Real Estate Optimist, Orlando Real Estate


Posted by David W. Welch on December 18th, 2014 12:39 PMLeave a Comment

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Posted by David W. Welch on December 15th, 2014 12:27 PMLeave a Comment

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December 8th, 2014 3:37 PM

I am not sure if we are experiencing the holiday drop in inventory, or if there is actually a trend. There are 12,417 homes listed as active by Orlando Realtors®. Of those, 2,190 or 17.6% are REO, only 956 or 7.7% are short sales, and 9,271 or 74.7% are equity sales. Hopefully, we will continue to see the short sales decline with prices so much higher now. There are 6,686 homes currently listed as contract pending. Of the homes that already have accepted contracts, 1,782 or 26.7% are REO, 2,171 or 32.5% are short sales and 2,722 or 40.9% are equity sales.

Sales came in higher than last year for the third month in a row, so I am definitely calling that a trend. There were 2,453 closed sales in November with a  median sales price of $159,139. Of the closed sales, only 796 or 32.5% were REO properties with a median price of $105,000; 152  or 6.2% were short sales with a median price of $125,000; and 1,505 or 61.4% were equity sales with a median price of $192,000. The closed short sales represented on 7.0% of the short sales with contracts as banks continue to drag their feet on clearing these properties out of the system. Cash sales remain strong with 1,056 or 43% of the sales closing with no financing with a median price of $103,000. The remaining 1,397 or 57% of the sales were closed with some type of financing at a median price of $190,000.


Posted by David W. Welch on December 8th, 2014 3:37 PMLeave a Comment

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November 20th, 2014 11:41 AM

There are 12,861 homes for sale listed by Orlando Realtors® and 7,183 homes listed as contract pending. Of the homes still available for sale, 2,254 are foreclosures and 1,022 are short sales. Of the homes with contracts pending, 1,826 are foreclosures and 2,325 are short sales.

Way too early Orlando real estate sales statistics for November: 1,337 closed sales with a median sales price of $160,000. If the sales pace and price hold they will mark impressive increases from a year ago when we posted 2,158 sales at $150,000.

David Welch Real Estate Optimist, Orlando Real Estate,


Posted by David W. Welch on November 20th, 2014 11:41 AMLeave a Comment

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