Orlando Real Estate

March 30th, 2015 2:43 PM

There are 11,419 homes for sale listed by Orlando Realtors® and 7,782 homes listed as contract pending. Of the homes still available for sale, 1,660 are foreclosures and 642 are short sales. Of the homes with contracts pending, 1,797 are foreclosures and 1,966 are short sales.

Early Orlando real estate sales statistics for March: 2,640 closed sales with a median sales price of $175,000. Sales and prices are up.

David Welch Real Estate Optimist, Orlando Real Estate


Posted by David W. Welch on March 30th, 2015 2:43 PMLeave a Comment

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March 19th, 2015 2:52 PM

There are 11,425 homes for sale listed by Orlando Realtors® and 7,740 homes listed as contract pending. Of the homes still available for sale, 1,687 are foreclosures and 690 are short sales. Of the homes with contracts pending, 1,833 are foreclosures and 1,951 are short sales.

Way too early Orlando real estate sales statistics for March: 1,512 closed sales with a median sales price of $178,000. I am looking for close to 3,000 closings this month at this pace. Nice price increase looks possible too.

David Welch Real Estate Optimist, Orlando Real Estate


Posted by David W. Welch on March 19th, 2015 2:52 PMLeave 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 March 16th, 2015 12:56 PMView Comments (2)

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March 9th, 2015 1:11 PM

Last month's numbers are up and down, but that is not necessarily a bad thing. Inventory is actually down quite a bit from January. There are 11,460 homes listed as active by Orlando Realtors® which is quite a bit less than the more than 12,000 that were available in January. Of the homes listed available, 1,706 or 14.9% are REO, only 747 or 6.5% are short sales and 9,007 or 78.6% are equity sales.

While the active inventory is down, contracts pending are up. There are 7,553 homes listed as pending or active with contract. Of the homes with a contract, 1,856 or 24.6% are REO, 1,936 or 25.6% are short sales and 3,761 or 49.8% are equity sales.

Sales and prices are up from last month and last year with 2,662 closed transactions last month with a median sales price of $159,900. Sales are up more than 28% from last year, and the median price is up over 3% from a year ago. Of the home sales closed last month, 859 or 32.3% are REO sales with a median price of $111,069; 173 or 6.5% are short sales with a median price of $132,000 and 1,630 or 61.2% are equity sales with a median price of $189,000. The closed short sales accounted for only 8.9% of the pending short sales and took on average 317 days to close. Cash sales remain strong with 1,264 or 47.5% of the closed transaction closing for all cash at a median sales price of $105,299. The remaining 1,398 or 52.5% of the sales closed with some type of financing with a median price of $193,000.

David Welch Real Estate Optimist, Orlando Real Estate


Posted by David W. Welch on March 9th, 2015 1:11 PMView Comments (1)

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SOLD
Header_2
Listings Photo
$95,000.00
1626 GULFVIEW DR # 421

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

Posted in:General
Posted by David W. Welch on February 28th, 2015 11:06 AMView Comments (1)

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February 26th, 2015 7:37 AM
Header
Header_2
Listings Photo
$279,900.00
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 February 26th, 2015 7:37 AMLeave a Comment

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February 24th, 2015 9:56 AM
SOLD
Header_2
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 in:Sold and tagged: Homes Sold in Winter Park
Posted by David W. Welch on February 24th, 2015 9:56 AMLeave a Comment

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February 20th, 2015 8:31 AM
I always recommend a local lender to my customers needing a mortgage to purchase a home. There are a few reasons I strongly urge them to work with a local firm. First, the big banks are, in my opinion, horribly inefficient. The loan officer is here, but the processor may be in another state and the underwriter in yet another. Second, because they are often so spread out your loan officer may not even know who will be making the determination on your loan, which means they are constantly coming back to ask for more information from you. Third, the decision about your loan is likely coming from someone who does not know the local market, let alone you or even your loan officer. All of this separation requires strict adherence to policies and procedures, and in my opinion most real estate transactions do not neatly fit into a set of policies and procedures.

A local lender knows you, knows the market, and while they still need to meet Fannie Mae, Freddie Mac, FHA, VA or USDA guidelines they can be more flexible in terms of their own internal policies. In my experience, you don't pay any more for your loan, and you are less likely to get a last minute surprise and far less likely to have delays in your loan process. Please listen to your agent when they make a lender recommendation, and you can still shop around for your mortgage. I just recommend that you work with a local lender. I promise you will be glad that you did.

Posted in:Opinion and tagged: Mortgages
Posted by David W. Welch on February 20th, 2015 8:31 AMLeave a Comment

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February 19th, 2015 10:35 AM

There are 11,924 homes for sale listed by Orlando Realtors® and 7,589 homes listed as contract pending. Of the homes still available for sale, 1,848 are foreclosures and 8 are short sales. Of the homes with contracts pending, 2,055 are foreclosures and 1,983 are short sales.

Way too early Orlando real estate sales statistics for February: 1,150 closed sales with a median sales price of $150,000. Pending sales are continuing to climb, and the inventory appears to be declining a bit.

David Welch Real Estate Optimist, Orlando Real Estate


Posted by David W. Welch on February 19th, 2015 10:35 AMLeave a Comment

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Posted by David W. Welch on February 16th, 2015 12:29 PMLeave a Comment

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