Orlando, FL Real Estate News

By Sandy Sills, Associate Broker
(Preferred Real Estate Brokers)
 Orlando Real Estate Spotlight: The Benefits of Buying a New Construction Home. It’s no secret that the real estate market in Central Florida is booming. After a brief slump last March, not even the ongoing COVID-19 pandemic can stop the market from appreciating at a rate of at least 7% year-on-year.This has led to something of a predicament: We’re rapidly approaching a housing stock shortage, with homes often selling above their asking price, as buyers attempt to out-bid the completion to secure their dream property.This situation hasn’t gone unnoticed by developers: New builds are springing up across the state in a bid to cash in whilst demand remains strong.  Is a New Construction Right For You?In this article, we’re going to explain the perks of new construction homes for those of y...
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By Rob Arnold, Metro Orlando Full Service - Investor Friendly & F
(Sand Dollar Realty Group, Inc.)
If you are struggling to make your monthly payments and pay your bills, let me and my team help you out.  Do not let the bank win.  We can help you with creative problem solving.  If you need help trying to modify your loan, work out a forebearance with your lender, sell your home to a cash buyer, or list your house on the open market, we can help.  Solving Florida real estate problems for over 20 years now.  Foreclosure, short sale, behind on payments?  We have seen the ups and downs of the market many times.#stopforeclosure Stop foreclosure. Give us a call 407-739-5773 or visit https://webuyhousesflorida.com .  
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By David Welch, #OrlandoRealEstate Optimist
(Remax 200 Realty)
Low interest rates and strong demand for housing in Orlando has continued to push sales higher. Last month #OrlandoRealEstate sales climbed 25% compared to a year ago. During the same time, the number of homes available for sale plummeted 25%, leaving us with just a little more than a 1.6 month supply of inventory. High demand and low supply has pushed the median price up 12% to $269,950. Check out the latest market report in this brief video.
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By David Welch, #OrlandoRealEstate Optimist
(Remax 200 Realty)
Orlando real estate sales and prices up double digits, but inventory plunges. Sales last month were up 16% compared to a year ago, with 3,478 closed sales of all types of homes. The strong demand pushed prices up 10% compared to last year with a median sales price of $270,000. The number of homes available for sales continues to drop with only 5,972 homes of all types currently on the market. That is a 23% drop from last September. With such strong sales, and such low inventory, we currently have only about 1.7 months supply of homes available for sale here in Orlando. While this represents a very strong seller's market, interest rates below 3% make this a great time to buy as well. Check out this short video breaking down the #OrlandoRealEstate market results for September 2020.
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By Kyle Webster, One-Source Property Solutions Company
(Cash For Homes Pittsburgh)
Are you looking to move shortly? Do you need to sell your home in central Florida? If so, you’re not alone. Many people are moving these days, seeking better economic opportunities in other states. If you’re relocating and need to sell your house in central Florida, here’s a quick guide to making the process as smooth as possible. Relocating and Need to Sell Your House in Central Florida? Move Only What You Need! Use the relocation opportunity to get rid of any unwanted clutter and trash. After living in a home for a little while, you’ll invariably collect a bunch of knick-knacks that take up unnecessary space. When you relocate, it’s an excellent opportunity to sort through some junk and leave behind what you don’t need. Not only will this help with unboxing in your new home, but it wi...
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By Kyle Webster, One-Source Property Solutions Company
(Cash For Homes Pittsburgh)
Foreclosure. It’s a word that elicits feelings of fear in the hearts of most homeowners. In 2019, Florida saw an increase in foreclosures even as, nationally, they were decreasing. Given the economics of 2020, most professionals believe that foreclosures will depress prices in Orlando and the rest of Florida for the foreseeable future. Perhaps even sadder than the foreclosures themselves is knowing that every person could avoid foreclosure and sell their house Orlando. Nobody ever has to have a foreclosure on their record. If you’re facing foreclosure, here’s how you can avoid it!The Foreclosure Process in FloridaThe foreclosure process in Florida is usually reasonably lengthy, taking an average of 8 to 14 months. It all starts with the first missed payment on your mortgage. The bank wi...
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By Kyle Webster, One-Source Property Solutions Company
(Cash For Homes Pittsburgh)
Orlando is a beautiful place to work, live, and play. As anyone who has lived in the city knows, many of Orlando's myths are false (e.g., it's hot and humid all the time), making it a great place. However, there are many reasons why you might be searching feverishly for how to "sell my house Orlando." Perhaps you got a job elsewhere in the country. Or, maybe you're facing foreclosure, divorce, or some other life event.No matter what the reason is, you want to know how to sell your house fast, and we want to give you the top three things you need to know to do that effectively. So, without further ado, let's figure out how to sell your house in Orlando, Florida, as quickly as possible with the #1 we buy houses Orlando company!Sell My House In Orlando, Florida: Don't Use a Real Estate Age...
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By David Welch, #OrlandoRealEstate Optimist
(Remax 200 Realty)
Low interest rates, strong demand and declining inventory pushed the median price up double digits here in The City Beautiful. We saw an increase in sales of 4% last month compared with a year ago. I think we could have seen much better sales if it were not for the staggering 22% drop in homes available for sale since August of 2019. The median sales price soared 10% going from $250,000 last year to an all time high of $275,000 last month. At last month's sales pace, we are down to less than a 1.7 month supply of inventory.#OrlandoRealEstate #Remax #Realtor
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By David Welch, #OrlandoRealEstate Optimist
(Remax 200 Realty)
Orlando real estate sales and prices are both up for July 2020, even as inventory plummets 22% compared to a year ago. The official closed sales number comes in way lower than what I saw in the multiple listing service, but still up from a year ago. 3,679 sales were recorded compared to 3,628 in July 2019. The median sales price rose to a new high of $270,000 up 9% from last year's $247,300. With strong sales and sinking inventory, currently Orlando has less than a 1.7 month supply of homes available for sale. Check out this brief video breakdown.#OrlandoRealEstate
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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)
Short Selling? What is a Short Sale? NOW IS THE TIME to call if you have ever thought about short selling.Short Sale Specialists in Central and South FLWhat is a short sale?  This is anytime a lender is willing to accept lower than the payoff amount of the loan.  Now you may ask, "why would they do this?"  There are several reasons, but mainly any time they can prevent a foreclosure and receive some money for the property, they are making a better business decision.Without getting to deep in detail, the process is extremely complicated and takes time, but it can be most rewarding to a seller who has kept good credit only to now face foreclosure and extremely beneficial to a buyer who has the opportunity to purchase a wonderful deal on a great property.  As a real estate agent and CERTIF...
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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)
                 Orlando Lakefront Land - 3.51 Acres -                      1113 Palm Cove Dr - on Lake Steer                                                                DRONE FILMING             1113 PALM COVE DRIVE, ORLANDO, FL 32835 Get Directions Click Here Description Photos Maps & Local Schools Print Reviews $ Click for current price Orlando Lake Front Land 3.51 Acres - 1113 Palm Cove Dr, Orlando, FL 32835 Lake Steer Call the Land Division at 772-834-099. This is a unique opportunity. From what we can tell, one of the last water front lots on Steer Lake near Windermere. The lot starts off with a 105 ft wide by 220 feet deep of canopy under oaks, then turns right and goes 160 wide x 700 feet deep into Steer Lake where you can have a dock and motorized boat. No back yard neighbo...
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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)
To all of you that still have your father figures, I hope you give them a huge hug and tell them how special they are as I just wish I still could, but alas I wait for the day when we will be reunited once again.  Until then, he will see this and know he is never forgotten for one single day. On this Father's Day, 2020, it has been 20 long years since my granddaddy went home to Our Lord and I can hear him everyday in my daily life.I can still hear him saying " "you get that education" and you will make granddaddy proud!" "You will be the first one in our family to go to college and make something of yourself."This was my very proud grandfather in 1993 walking into my graduation in Orlando to receive my Bachelor's Degree in Accounting.  I was the first in our bloodline to graduate colleg...
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By David Welch, #OrlandoRealEstate Optimist
(Remax 200 Realty)
The number that really stands out when you watch this video breakdown of the Orlando real estate market results for May is the drop in closed sales. Last month we saw a 44% drop in closed sales compared to a year ago, but you need to take a closer look at the numbers. New contracts in May only declined 4% from a year ago, while April new contracts were down nearly 57% year over year. So, the drop in closed sales last month appears to be driven more by April contracts. The other number to pay close attention to is the inventory of homes available for sale. Once again, inventory is down double digits from a year ago. The continuing decline in inventory and strong demand are pushing prices up. Our median sales price is approaching all time highs, wiping out the declines of the great recess...
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By David Welch, #OrlandoRealEstate Optimist
(Remax 200 Realty)
How's the market? This is, undoubtedly, the most common question I get as a real estate professional. Any way you want to define the market, it is doing pretty well here in The City Beautiful, all things considered. That does not mean there are not challenges.I like to define the market in terms of demand. If you have plenty of homes for sale, but nobody wants one, you don't have a great market. Demand for homes here in Orlando is strong. For me, how quickly the market is moving is a great indicator of buyer demand. April's average days on the market fell to just 47, that is down 10 full days from a year ago. Even as the time on market has fallen, prices surged more than 12% over the same time period. The median sales price in April was up to $263,800 compared to $235,000 in April of 20...
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By David Welch, #OrlandoRealEstate Optimist
(Remax 200 Realty)
We all have apps for entertainment, work and even to make our lives a little easier. We even have apps for real estate. A real estate app can only go so far though, and can never replace an experience agent. Anyone who is really serious about making a move, whether selling or buying, should get in touch with a local agent who knows the market, and understands what it takes to help you achieve your real estate goals.If you are ready to make your move in Orlando, I would love to help you personally.#OrlandoRealEstate #Remax #Realtor
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By David Welch, #OrlandoRealEstate Optimist
(Remax 200 Realty)
As expected, Orlando saw  pretty big drop in sales last month due to the COVID-19 pandemic. We saw lower sales and lower inventory as buyers and sellers alike followed the safer at home order. Sales dropped by 28%, and inventory continued its long decline dropping by 3%. The one interesting statistic was the increase in the median price by 12%. I suspect job losses and furloughs disproportionately effected buyers in lower price ranges, pushing the median sales price up. The moratorium on evictions may also have kept some investors from being able to sell rentals that are often in the lower price ranges. Check out this brief video breaking down the #OrlandoRealEstate market results for April 2020.
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By David Welch, #OrlandoRealEstate Optimist
(Remax 200 Realty)
With Orlando and the entire state of Florida currently under stay at home orders, I am expecting to see a pretty big drop in sales with a corresponding increase in inventory for April, but March was business as usual in the City Beautiful. Sales were only up about 2%, but prices jumped nearly 8% compared to a year ago. The number of homes available for sale continued to decline, seeing a drop of almost 10% year over year. We currently have over 900 homes in Orange, Seminole and Osceola counties in a temporarily off market status, as many sellers have decided to put a hold on showings during the COVID-19 pandemic 'quarantine'. I expect many of these will come back active once restrictions are relaxed.#OrlandoRealEstate
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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)
VIEW ALL WEDGEFIELD LISTINGS HERE 32833   Drone Filming of Property on Dallas Blvd Wedgefield   Interactive MapRight Mapping of Property          110 DALLAS BOULEVARD, ORLANDO, FL 32833  Wedgefield Fl Property Video Description Photos Maps & Local Schools Print Follow This Home Wedgefield in Orlando, FL Home Values Wedgefield, Cape Orlando Estates, Rocket City Land Presented By: The Florida Tolbert Team Keller Williams Advantage III Realty 772-834-0099 Licensed In: FL License #: 276512930   Schedule a Showing/Request Info $ Click for current price Full acre located directly on Dallas Blvd in Wedgefield. Due Diligence recommended as preliminary indications show presence of wetlands. Amount to be determined by buyer. If this isn't the lot for you, I am a land specialist and will guide yo...
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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)
Interactive MapRight Property Map     Drone Filming of Property     19420 ORTEGA STREET, ORLANDO, FL 32833 Get Directions Click Here Property Video Description Photos Maps & Local Schools Print $ Click for current price 1.03 acres. Wetlands map complete.Golfing? YES! Horses? YES! Land & Lots of Acreage for sale in the Orlando area of Wedgefield, aka Rocket City, aka The Cape. HOA is optional. Own your piece of paradise, private living with land to build your dream home. This 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, 20 minutes to UCF, close to Lake Nona Medical Center and so close to all the entertainment, sports, restuarants, ...
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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)
Interactive Property MapRight Mapping     3206 BANCROFT BOULEVARD, ORLANDO, FL 32833 Description Photos Maps & Local Schools Print Follow This Home Wedgefield, Cape Orlando Estates, Rocket City Land Presented By: The Florida Tolbert Team Keller Williams Advantage III Realty 772-834-0099 Licensed In: FL License #: 276512930   Schedule a Showing/Request Info $ Click for current price Searching WETLANDS FREE in WEDGEFIELD? Great lot only steps from school and no rear neighbors and only 1 side neighbor. The official Orange County Binding Determination of Exemption is attached and already paid for by the seller certifying this as WETLANDS FREE. Come grab your next home site with complete confidence and ready to build right now. Golfing? YES! Horses? YES! Land & Lots of Acreage for sale in t...
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