RE/MAX 200 Realty BK645994

Orlando Real Estate

February 15th, 2017 2:38 PM

#OrlandoRealEstate sales and prices continue to post year over year gains. Please check out this short video breakdown of the latest market results, courtesy of the Orlando Regional Realtor Association.

Location, location, location = Orlando, Orlando, Orlando
#OrlandoRealEstate = www.DavidWelch.com

Posted in:Market Report and tagged: Orlando real estate
Posted by David W. Welch on February 15th, 2017 2:38 PMLeave a Comment

Subscribe to this blog
February 13th, 2017 8:40 AM

What are the three most important considerations in buying real estate? Location, location, location. Everyone has heard this old real estate axiom. But why is location so important? Very simply, it is the one thing that you cannot change, in fact you could argue that location is really what you are purchasing when you buy real estate. Yes, the physical improvements to the property, i.e., house, commercial building, etc. add value, but these are all just temporary fixtures. The location of the property itself is permanent, and when you purchase real estate you are buying the rights to that permanent location.

That is why it is so important to consider the location of the property carefully when making a purchasing decision. The more convenient the location is, the more marketable and likely more valuable it will be, now and in the future. When considering residential real estate, you should look at proximity to shopping, access to highways and schools. Also consider aesthetics and amenities associated with the location, like parks and lakes. When considering commercial real estate, access to roads, and convenience to potential customers are key considerations.

A beautiful home in the middle of nowhere is likely far less valuable than an average home located in an A rated school district with convenient shopping and easy access to the expressway. Choosing a good location is not necessarily difficult, but it can easily be overlooked. 

#OrlandoRealEstate


Posted in:Opinion and tagged: Orlando real estate
Posted by David W. Welch on February 13th, 2017 8:40 AMLeave a Comment

Subscribe to this blog
February 3rd, 2017 11:16 AM
Are you looking for a five star agent to help with your #OrlandoRealEstate sale or purchase? Please check out what some of my customer have said about me on Zillow. I would love to give you the same level of service on your transaction.


Reviews on Zillow
2891971
"If you are buying or selling you want David on your side. I was a first time home buyer and was obviously new to the whole process. David was with me ... more "
5.0/5.0
by steph brunson
2694322
"This is the second home I purchase I do with David. He's awesome. He knows a lot about the business as well as home care needs. He always answered in ... more "
5.0/5.0
by Alan Perez

Posted in:General and tagged: Orlando real estate agent
Posted by David W. Welch on February 3rd, 2017 11:16 AMLeave a Comment

Subscribe to this blog
January 17th, 2017 11:19 AM

#OrlandoRealEstate

Orlando real estate market results for December 2016 and the year end wrap-up courtesy of the Orlando Regional Realtor Association.



Posted by David W. Welch on January 17th, 2017 11:19 AMLeave a Comment

Subscribe to this blog
January 9th, 2017 3:35 PM

Contact Me
Most people only speak with one agent. Selling your home is a big deal. Before you make a listing mistake, contact me for a second opinion.
Profile picture for David Welch
David Welch, MBA
Call: (407) 924-7670

#OrlandoRealEstate

Posted by David W. Welch on January 9th, 2017 3:35 PMLeave a Comment

Subscribe to this blog
December 29th, 2016 11:28 AM

The latest iteration of 'rental scam' in Orlando is an ad placed using a legitimate listing telling the would be tenants to contact the owner directly by email. The scammers are looking up the actual owner's name on the public records, and creating an email account using their name.

The 'owner' then emails them back stating not to contact the real estate agent, otherwise the rent would have to be a lot higher to pay the agent. I've heard a couple of different versions of this. The 'owner' either tells the 'tenant' the agent is doing a bad job or the listing is almost up and the agent doesn't deserve their commission.

There are at least two common threads to watch out for. First, the 'owner' is always out of state, so money has to be wired or a money order sent, before the 'owner' will send the 'tenant' a key. Second, and the most obvious red flag, the rent is much lower than market. The old axiom is still true, 'if it sounds too good to be true - it is.'
You cannot rent a four bedroom, pool home in Orlando for $1,000/mo.


Posted in:Advice and tagged: Orlando real estate
Posted by David W. Welch on December 29th, 2016 11:28 AMLeave a Comment

Subscribe to this blog
December 15th, 2016 10:49 AM

Please check out this brief video courtesy of the Orlando Regional Realtor Association for a breakdown of the market results for November 2016.



#OrlandoRealEstate

Posted in:Market Report and tagged: Orlando real estate
Posted by David W. Welch on December 15th, 2016 10:49 AMLeave a Comment

Subscribe to this blog



Check out the most expensive homes currently available for sale in Orlando.

Most Expensive Homes in Orlando

Posted in:Market Report and tagged: Orlando real estate
Posted by David W. Welch on December 9th, 2016 1:13 PMLeave a Comment

Subscribe to this blog
#OrlandoRealEstate
Inventory of available homes in Orlando is pretty low right now with only about a 3.5 month supply based on last month's absorption rate. When I break that inventory down by price range, you can see just how low the inventory really is. Our median sales price in Orlando is around $200,000. That means half of all closed sales are at or below $200,000. The median list price is around $278,000, so there is a bit of a disparity between sales prices and list prices. This isn't to say that sellers are necessarily asking too much for their homes, I'm just pointing out that there is a lot more demand for more modestly priced homes.

Price Range Available Sold Month's Supply
< $100,000 876 380 2.3
$100,000-$200,000 2048 1027 2.0
$200,000-$300,000 2636 828 3.2
$300,000-$400,000 1634 308 5.3
$400,000-$500,000 838 128 6.5
>$500,000 1837 134 13.7
Total 9869 2805 3.5

As you can see from this breakdown, there is a pretty short supply of homes priced under $300,000. These numbers include active inventory and last month's sales of all types of homes by Orlando Realtors®. Notice homes priced from $100,000 - $200,000 are in the most popular price range for buyers leaving us with just a two month supply of homes available for sale. Typically, we have considered a six month supply to be a 'balanced' market. Home priced under $300,000 are all in pretty short supply, while homes priced from $300,000 to $500,000 are considered to be in a balanced market. Only homes priced over $500,000 are plentiful with more than a one year supply available for sale.
Orlando Real Estate


Posted by David W. Welch on November 18th, 2016 1:35 PMLeave a Comment

Subscribe to this blog
November 15th, 2016 11:30 AM
Please take a look at this brief video with a breakdown of the #OrlandoRealEstate market for October 2016.  REO and short sales have become such a small percentage of the market locally, I am no longer reporting on them separately in my blog. I am also happy to say our MLS is getting rid of the 'Active with Contract' status. In my personal opinion it was uneccesary and confusing for consumers.

Posted by David W. Welch on November 15th, 2016 11:30 AMLeave a Comment

Subscribe to this blog

Archives:

Sites That Link to This Blog: