Orlando, FL Real Estate News

By David Welch, #OrlandoRealEstate Optimist
(Remax 200 Realty)
The 11 year trend of falling inventory is definitely reversing. New listings shot up nearly 12% pushing our inventory of homes available for sale up over 36% compared to a year ago. Our upward sales trend has not quite reversed course, but may be heading that way. In April we saw sales slip slightly from the year before, but May had a slight rebound with 3,946 closed sales up 1.9% compared with May of 2021. Prices continue to push higher with nearly a 27% increase in the median sales price compared to a year earlier. The May median sales price climbed to $379,950 compared to just $300,000 in May of 2021.Higher prices and higher interest rates are bound to take a toll on sales, but for now Orlando real estate is still looking very strong. Check out this short video breaking down the late...
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By Walter DiLoreto, Real Estate Short Sale Specialist
(PHP Houses)
Some Highlights If you have additional loved ones coming to live with you but don’t have enough space, it may be time to consider a larger, multigenerational home. Some key benefits of multigenerational living include a combined homebuying budget, shared caregiving duties, enhanced relationships, and more. These benefits might be why more people are choosing to live in multigenerational homes today. Let’s connect so you can find a house that meets your changing needs and has plenty of space for you and your loved ones. Contact us:PHP Houses142 W Lakeview AveUnit 1030Lake Mary, FL 32746Ph: (407) 519-0719Fax: (407) 205-1951email: info@phphouses.comLet’s Connect:FacebookLinkedinTwitterInstagramThe information contained, and the opinions expressed, in this article are not intended to be con...
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By Walter DiLoreto, Real Estate Short Sale Specialist
(PHP Houses)
Some Highlights If you’re a homeowner, your net worth has gotten a big boost. That’s because recent home price appreciation has increased your equity. Your equity grows as you pay down your loan and as your home increases in value. Over the past year, the average homeowner’s equity grew by $55,300. Ready to sell? Let’s connect to talk about how you can use that equity to fuel your next move. Contact us:PHP Houses142 W Lakeview AveUnit 1030Lake Mary, FL 32746Ph: (407) 519-0719Fax: (407) 205-1951email: info@phphouses.comLet’s Connect:FacebookLinkedinTwitterInstagramThe information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. The author does not guarantee or warrant the accuracy or completeness of the information or opinions ...
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By Walter DiLoreto, Real Estate Short Sale Specialist
(PHP Houses)
When it comes to buying a home, it can feel a bit intimidating to know how much you need to save and where to find that information. But you should know, you’re not expected to have all the answers yourself. There are many trusted professionals who can help you understand your finances and what you’ll need to budget for throughout the process.To get you started, here are a few things experts say you should plan for along the way.1. Down PaymentAs you set your savings goal for your purchase, your down payment is likely already top of mind. And, like many other people, you may believe you need to set aside 20% of the home’s purchase price for that down payment – but that’s not always the case. The National Association of Realtors (NAR) says:“One of the biggest misconceptions among housing...
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By Walter DiLoreto, Real Estate Short Sale Specialist
(PHP Houses)
The link between financial security and homeownership is especially important today as inflationrises.  But many people may not realize just how much owning a home contributes to your overall net worth. As Leslie Rouda Smith, President of the National Association of Realtors (NAR), says:“Homeownership is rewarding in so many ways and can serve as a vital component in achieving financial stability.” Here are just a few reasons why, if you’re looking to increase your financial stability, homeownership is a worthwhile goal.Owning a Home Is a Building Block for Financial SuccessA recent NAR report details several homeownership trends and statistics, including the difference in net worth between homeowners and renters. It finds:“. . . the net worth of a homeowner was about $300,000 while tha...
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By Rob Arnold, Metro Orlando Full Service - Investor Friendly & F
(Sand Dollar Realty Group, Inc.)
This is the condo I bought a few weeks back.  It was a major fixer upper.  It is going on the market soon.  1 bedroom, 1 bathroom, downstairs unit.  Located in west Orlando, Florida.  I am looking for more properties to fix up beautifully.  Take a look at the video.https://webuyhousesflorida.com #webuyhousesflorida 
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By Rob Arnold, Metro Orlando Full Service - Investor Friendly & F
(Sand Dollar Realty Group, Inc.)
This is the latest project I started working on.  A 1 bedroom, 1 bathroom condo unit in west Orlando Florida. The first step is getting the kitchen and bathrooms back together.  Then the walls and painting.  Then the flooring.  Then the light fixtures and accessories.  Estimated time to finish is 30 days or less.  Enjoy the video.If you are looking for a cash buyer, I am interested in making a serious offer on your property.  Realtors can keep both sides of the commission.  I don't make long drawn out inspection periods and don't need a financing or appraisal contingency.  As you can see by this video, heavy rehab jobs do not scare me.  Mold damage, fire, sinkhole, termites, etc. are ok too.#webuyhousesflorida 
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By Florida Tolbert Team Keller Williams Advantage, Keller Williams Land Luxury Division Specialist
(Keller Williams Advantage III Realty in Lake Nona)
20398 RACINE STREET, ORLANDO, FL 1.24 Acres Wedgefield Get Directions Click Here Description Photos Real Estate Reports for Home Owners, Sellers & Buyers! Maps & Local Schools Print $ Click for current price This will be the one that got away if you miss this. 1.24 acres in the heart of Wedgefield and it is COMPLETELY CERTIFIED WETLANDS FREE and partially cleared already with only a few pines and palmettos remaining. CAD is already issued and attached making this lot ready to build on immediately. This is your dream lot and location and we fully expect this will be highly sought after. Area is located right off of interstate 528 giving the commuter easy access to Orlando airport, I95, 417 and downtown. Beaches are about 40 miles East, to the West is Orlando activities and theme parks, ...
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By Florida Tolbert Team Keller Williams Advantage, Keller Williams Land Luxury Division Specialist
(Keller Williams Advantage III Realty in Lake Nona)
Another year closer to when the day will be the most GLORIOUS DAY when i can meet my lord and savior and see my GRANDDADDY once again! My granddaddy was the only father that I ever had in my life and I have memories of fishing with him as young as 3 in our little 14 foot Starcraft Boat with a 9.9 Johnson outboard on Lake Okeechobee. Him telling me stories about dropping the lantern overboard and hooked it weeks later and it still burning. I believed at 3. Him teaching me to cut grass when the 2nd bar of the lawn mower was taller than me, of him buying my first bike and teaching me to ride, of the stories he told and the buildings he shared that he worked on on Miami Beach like the 4 ambassadors, the first 40 story bldg in Miami.My granddaddy was a man of honor and integrity and this tim...
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By Olympus Executive Realty Inc., Home Of The Top Producers
(Olympus Executive Realty INC.)
Phillips At The Park Dr. Phillips By Builder Pulte Homes OrlandoBuilder Pulte Homes does it again! Coming Soon! Phillips At The Park in Dr. Phillips by Builder Pulte Homes Orlando with 50+ acres will be known for its highly convenient location. One hundred thirty-plus homes site with the '50s, '60s, and '70s size lots. This community will be conveniently located near Sand Lake Elementary and positioned between the New Middle School and Lake Buena Vista High School. A true family delight, a 2-minute walk from any of the three schools. For all your Phillips At The Park needs, contact our Phillips at The Park Local Expert To be placed on the VIP priority list, please visit: https://olympusexecutiverealty.com/phillps-at-the-park-1  
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By David Welch, #OrlandoRealEstate Optimist
(Remax 200 Realty)
Inventory remains low with 39% fewer homes of all types available for sale compared with a year ago. We did see a very small, 1% increase in inventory from August to September however. Even with the lower inventory, total sales continued to climb by 9% compared to September of 2020. Based on the total number of sales of 3,789, we have roughly 29 days of inventory on hand. Low inventory and strong demand along with very favorable interest rates pushed the median sales price to $318,000, which is up 18% compared to last year. Be sure to check out this brief video breaking down the #OrlandoRealEstate market for September 2021.
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By David Welch, #OrlandoRealEstate Optimist
(Remax 200 Realty)
Up 13%, up 16% and down 39%. If you read my blog regularly, you already know what these are, because we have been in this trend for quite some time. The first number represents the increase in home sales last month compared to a year ago. Sales were up 13% with 3,999 closed transactions compare with 3,539 in August of 2020.  The second number represents the increase in the median sales price for Orlando real estate which was $320,000 last month. The third number represents the decline in inventory available for sale which stands at 3,638, a 39% decrease from a year ago, but a 3% increase compared with July.Check out this brief video breaking down the #OrlandoRealEstate market results for August 2021.
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By David Welch, #OrlandoRealEstate Optimist
(Remax 200 Realty)
Just how challenging has the Orlando real estate market been for buyers this year? I took a look at the percentage of closed sales, in Orange and Seminole Counties for the last six months that closed above asking price. I looked at the numbers for this year compared with 2019. I went back two years for obvious reasons, given the special circumstances and challenges of 2020. Below is a table that illustrates just how much more challenging our market has been for buyers this year.  Month 2019 2021 March 8.5% 19.8% April 9.8% 27.3% May 10.2% 30.8% June 10.7% 38.2% July 9.8% 38.0% August 9.7% 36.5% You can see that in a 'normal' market nearly 10% our sales in Orlando close above the asking price. In our super heated market of 2021 that percentage has more than tripled. We have seen inventor...
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By David Welch, #OrlandoRealEstate Optimist
(Remax 200 Realty)
No major changes last month. Sales and prices continue to climb double digits, while inventory continues to run low. Total sales in July rose 14% compared to a year ago with 4,183 homes of all types closing last month. The median price of the homes sold in July rose 18% compared to July 2020 with a median sales price of $320,000. While inventory was still 43% lower than a year ago, we did see a rise of 14% compared to June. As of the end of July there were 3,524 homes available for sale representing about a 26 day supply of homes on the market. Check out this brief video breakdown of the #OrlandoRealEstate market results for July 2021.
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By David Welch, #OrlandoRealEstate Optimist
(Remax 200 Realty)
The #OrlandoRealEstate market continues to burn red hot as the summer selling season got under way last month. Sales and prices soared double digits, while the inventory of homes available for sale remains extremely low. June saw a 42% increase in the number of homes sold, compared to last year. The 4,414 closed sales last month is the highest number so far this year. The median price last month jumped 19% compared to a year ago, skyrocketing from $265,000 a year ago to $315,000. The inventory of homes available for sale did increase about 10% compared to May, but was still 53% lower than a year ago. There were only 3,098 homes active on the market for sale, which represents only about a three week supply of inventory. Check out this video breakdown of the market.
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By Olympus Executive Realty Inc., Home Of The Top Producers
(Olympus Executive Realty INC.)
Orlando Military Real Estate Veteran REALTOR Orlando FLMilitary Real Estate Veteran Specialist & Relocation REALTOR FloridaWe are Orlando, Florida State's Preferred Military Veteran Realtor Specialist. Servicing our Veterans and Active-Duty Military. Enquire today, and let us guide you through the process of buying or selling your next home. We have the largest team of Verified Veterans ready to serve you.Please visit our link to have a Veteran agent contact you.https://olympusexecutiverealty.com/military-veteran-realtorsWhy Use A Military Veteran Realtor Specialist?Military Veteran Realtors know how to stay organized. They understand teamwork, are extremely resilient and are optimistic. Olympus Orlando Veteran Agents are leaders in our industry, and most important, service to others is...
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By David Welch, #OrlandoRealEstate Optimist
(Remax 200 Realty)
Take the sales increase with a grain of salt. Remember last year, May sales were way off due to COVID-19. That being said, sales did climb 82% compared with a year ago, and the median price soared 15% compared with May 2020. Over that same time, the inventory of homes of all types available for sale has plummeted 61%. Sales last month outpaced the inventory, meaning we have less than a one month supply of homes available for sale in Orlando. That may be starting to turn around though, because the 2,822 homes for sale represented a 6% increase in supply compare with the month before. Also, the median price has remained steady for the last few months at $300,000. #OrlandoRealEstate #Remax #Realtor 
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By Eve Alexander, Exclusively Representing ONLY Tampa Home Buyers
(Buyers Broker of Florida )
Hiring a buyer agent to help you buy a property is not necessarily required. However, working with an Orlando FL luxury buyers agent will essentially help you find the right property that meets your standards. If you are buying a property for the first time and have no prior knowledge, your best option is to look for an experienced buyer agent who knows your market.What does a buyer agent do?Orlando luxury buyers agent represent the buyer and handle the transactions between their sellers. Their main priority is to meet the buyers' needs and find the right property for them. Essentially, buyer agents are hired to do the heavy lifting work when buying real estate, from researching local real estate markets to negotiating with sellers. Buying a property without a buyer agentIt's understand...
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By The Legacy Group, The LegacyGroup of CrossCountry Mortgage
(CrossCountry Mortgage)
Veteran’s Home Loans for Orlando FloridaIf you are reading this, you or a family member have likely served in our military.  First off, we would like to say a sincere “Thank You” for your service!  We recognize that not only do our Veterans sacrifice by serving, but their families do as well-, and we owe you all a debt of gratitude!One of the best benefits Veterans and their families receive due to their service to our great country is the VA home loan benefits.  We are going to outline just a few of these significant benefits in this article for you. Here are some of the major benefits you may receive by using your VA home loan benefits:*100% financing available- one of the very few loans available with no down payment!*Lower rates available than most loan programs- which saves you mon...
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By David Welch, #OrlandoRealEstate Optimist
(Remax 200 Realty)
Homes are now routinely selling above the asking price, and many times sellers are requesting that appraisal contingencies be waved. Five of my last nine sales have been at list to as much as $25,000 over the asking price. When you watch this video breaking down the #OrlandoRealEstate market for March you will see why. Sales are soaring, and inventory is in a freefall pushing prices up double digits compared to a year ago. 
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