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Orlando, FL Real Estate News

By Walter DiLoreto, Real Estate Short Sale Specialist
(PHP Houses)
According to recent data from Fannie Mae, almost 1 in 4 people still think home prices are going to come down. If you’re one of the people worried about that, here’s what you need to know.A lot of that fear is probably coming from what you’re hearing in the media or reading online. But here’s the thing to remember. Negative news sells. That means, you may not be getting the full picture. You may only be getting the clickbait version. As Jay Thompson, a Real Estate Industry Consultant, explains:“Housing market headlines are everywhere. Many are quite sensational, ending with exclamation points or predicting impending doom for the industry. Clickbait, the sensationalizing of headlines and content, has been an issue since the dawn of the internet, and housing news is not immune to it.”Here...
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By Walter DiLoreto, Real Estate Short Sale Specialist
(PHP Houses)
If you’ve been keeping up with the news lately, you’ve probably come across some articles saying the number of foreclosures in today’s housing market is going up. And that may leave you feeling a bit worried about what’s ahead, especially if you owned a home during the housing crash in 2008.The reality is, while increasing, the data shows a foreclosure crisis is not where the market is headed.Here’s the latest information stacked against the historical data to put your mind at ease.The Headlines Make the Increase Sound Dramatic – But It’s NotThe increase the media is calling attention to is a little bit misleading. That’s because it’s comparing the most recent numbers to a time when foreclosures were at historic lows. And that lopsided comparison is making it sound like a much bigger de...
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By Walter DiLoreto, Real Estate Short Sale Specialist
(PHP Houses)
Some Highlights When it comes to the current housing market, there are some myths circling around right now. Some of the more common ones are that it’s better to wait for mortgage rates to fall or prices to crash. But there are others about the supply of homes for sale and down payments.  Let’s connect so you have an expert to help separate fact from fiction in today’s housing market.  Contact us:PHP Houses142 W Lakeview AveUnit 1030Lake Mary, FL 32746Ph: (407) 641-1531Fax: (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 contai...
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By Marc Grossman, GRI, Greater Orlando Real Estate Broker
(Marc It Sold!)
This is a guide to a smattering of events occurring in the Orlando Central Florida area.  The sections are divided into Art, Music, Theater, Author, Etc, On-Going and Plan Ahead.  There is surely something for everyone.    ART   HIPPIES USE SIDE DOOR             When:            through May 10             Where:          Boom-Art Gallery                                     1821 N. Orange Ave.                                     Orlando             Cost:              Free             Contact:        407-281-0246   HARRIET LAKE:  THE CLOSET             When:            through June 22             Where:          Mennello Museum of American Art                                     900 E. Princeton St.                                     Orlando             Cost:              $8 adults, $7 s...
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By Jerry LaRose, Orlando, Windermere FL. Real Estate, ABR, GRI, e-PRO, CLHMS
(Orlando Realty Partners)
Financing Solutions with Jerry LaRoseOvercoming the misconceptions about the "credit crisis"You've watched the news and read about it in the papers. You know, the "credit crisis" and how buyers need 20 percent down in order to buy a home? And even if you found a buyer with 20 percent down, lenders aren't making loans anyway. So, why bother, right? Wrong!We're right smack in the middle of what just might be the biggest disservice ever perpetrated on potential home buyers. It seems the press just can't get enough of all the gloom and doom in the housing industry. The fact is that mortgage money is as available today as it was a year ago and loans are being made this very moment with little or no money down. And, no, platinum credit isn't required. You just need to know where to look. Who ...
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By David Welch, Real Estate Optimist - #OrlandoRealEstate
(Charles Rutenberg Realty)
Unfortunately, this is one of those cases where politics over powered good sense. We have so many legsilators here in Central Florida who have worked to get this through, but some other Senators saw this as just a "nice to have" when it is a real need. The day this died in the Senate a report came out ranking Orlando as number four in worst traffic. Tens of millions have already been spent, and a lot of local effort to prepare for commuter rail has been put forth. Now, thanks to some of our neighbors to the south we stand to lose out on $300 million in federal money to get this done.As a Realtor, I see the importance of this in improving the lives of everyone in the Orlando metro area. It reduces traffic congestion and reduces emmissions so we can enjoy cleaner air. It also makes life m...
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By Robert Schott & Paula Hemani, Your Link to Real Estate
(TeamConnect Realty)
  Dr Phillips Home SearchKicking into gear the Dr Phillips real estate market is starting to gain back a little leverage absent the past few years.  Before the down turn in home values (starting in 2005) Dr Phillips homeowners enjoyed sought after homes disirable to buyers looking for a great location, pride of ownership and of course the Award Winning schools.  This spring we are starting to see buyers coming back.  Dr Phillips had 69 pending sales and 30 sold the past 30 days.  The areas that comeback first are the communities that were sought after before the downturn.  Search Dr Phillips Homes above or search by Dr Phillips communities here for all available homes for sale.  TeamConnect has been working in the Dr Phillps area for years and can help you with any questions or concerns...
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By Judy Chapman
(Referral Network of Illinois LLC)
East Orlando is one of Orlando’s fastest growing areas, accessible to the East-West (408) and Greeneway (417) tollways. About as convenient as you can get, East Orlando is 45 minutes from the beach and Cape Canaveral, 35 minutes from the Kennedy Space Center, 20 minutes from Orlando International Airport (MCO), and 40 minutes away from Disney World, Universal Studios & International Drive. In the last 10 years, the area has experienced tremendous growth that should continue for at least another decade. The south end of Alafaya Trail will be widened and extended to the Beach Line Tollway (528), thus easing traffic in the Avalon Park/Eastwood/Stoneybrook corridor. Narcoossee Road will also be widened and extended, providing easier access in the Lake Nona/Vista Lakes corridor. The entire a...
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By Robert Schott & Paula Hemani, Your Link to Real Estate
(TeamConnect Realty)
Another year passed and the time has come for the 2008, 55th annual PARADE OF HOMES. April 6th through the 20th, 12-6 p.m., Saturdays 10 a.m.-6 p.m. you will be able to tour Brand new as well as older remodeled single family homes, townhomes and condos for sale in prices ranging from $170,000 to over $5 Million. If you are in the market for a home in Orange, Lake, Seminole, Polk or Osceola Counties now is the time the call TEAMCONNECT 407-516-1000 or visit us at our website. This years parade of homes has over 130 properties to view, most are available for sale, but some are strictly to view just for remodeling and design ideas, these homes will only be open for viewing Saturday and Sunday, April 12th and 13th from 12-5 p.m.The featured home in this years Parade of homes is the Casa Bel...
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By Robert Schott & Paula Hemani, Your Link to Real Estate
(TeamConnect Realty)
Central Floridian's lead busy lives and most of us probably spend more time figuring out what to eat for dinner, rather than thinking about the effects we have on our environment.  Why do thousands of people move to Central Florida every week?  That's no shocker, the sun, the fun and lots of business oportunities, but more importantly the pure air, clear skies and clean lakes and rivers.  Why would we want our earth to be any other way?  Although this doesn't just happen on its own.This Tuesday, April 22nd, 2008 is "Earth Day", what a great day to start changing our habits and the care-free way we live our lives.  I'm sure a lot of us residents already recycle, but what about our climate change.  "It is widely believed that global climate change is resulting from an increase in the conc...
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By Drew Peterson
(Keller Williams Advantage II Realty)
Welcome to the last installment of our blog series on the Top Ten Realtor Myths. On Monday, we addressed the myth that a Realtor should be hired on the basis of his or her marketing skills. If you missed that installment, you can read it by clicking here. Now, let's move on to the number one Realtor myth. Myth: A Realtor is a Realtor is a Realtor. Fact: The Realtor designation merely indicates that the real estate agent is a member of the National Association of Realtors. It is not an indication of skill, experience, training, or background. At first glance, you might be confused about why we listed this as the number one myth. After all, it seems kind of obvious. No one actually thinks all Realtors are the same, right? Unfortunately, even if buyers and sellers know in their heads that ...
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By Richard Carpentieri, GRI, ABR, PRM, e-PRO
(Keller Williams Realty)
Vizcaya is located in the Dr Phillips section of the Orlando real estate market.  There has been 4 single family houses sold in the 1st Quarter of 2008.  They sold for prices ranging from $990,000 to $2,550,000 with all 4 having pools and ranged in size from 4,311 square feet to 7,475 square feet.  They took an average of 58 days before they sold. There are presently 4 houses that are pending closing.  The asking prices for these houses are $370,000 and $650,000 with $547,225 being the average and they range in size from 2,163 square feet to 3,050 square feet with 2 of them having pools.  The houses took an average of 73 days before they sold.  Remember the time to close will increase as they are only under contract and have not closed yet.There are 29 houses on the market.  They range ...
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By Richard Carpentieri, GRI, ABR, PRM, e-PRO
(Keller Williams Realty)
Stoneybrook is located in east Orlando.  There have been 13 single family houses sold in the 1st quarter of 2008.  They range in price from $212,000 to $600,000 with $353,272 being the average and 7 of them having swimming pools.  The square footage ranges from 1,840 to 3,779 and the houses lasted an average of 141 days on the market before they closed.There are presently 11 houses that are pending closing with an asking price range from $249,900 to $712,500 with $407,782 being the average.  These houses range in size from 1,873 to 4,922 square feet with 9 of them having pools.  The average time on the market is currently 131 days.  Remember these properties have not closed yet so the average time to close will rise.There are a total of 70 houses on the market ranging in size from 1,614...
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By Richard Carpentieri, GRI, ABR, PRM, e-PRO
(Keller Williams Realty)
Southchase is located in the south central sector of the Orlando real estate market.  There has been 13 single family houses sold in the 1st quarter of 2008 ranging in price from $175,000 to $280,000 with $223,869 being the average and 7 of them having pools.  The square footage ranged in size from 1,196 square feet to 2,513 square feet and they lasted an average of 123 days on the market.There are presently 16 houses that are pending closing with asking prices ranging from $169,000 to $300,000 and $221,169 being the average.  They range in size from 1,011 square feet to 2,842 square feet.  They have been on the market for an average of 103 days.  Remember these properties have not closed yet so the time to close will rise.There are a total of 149 houses on the market ranging in size fr...
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By Richard Carpentieri, GRI, ABR, PRM, e-PRO
(Keller Williams Realty)
Somerset is located in the Williamsburg section of the Orlando real estate market.  There has been 4 single family houses sold in the 1st quarter of 2008.  They sold for prices ranging from $169,000 to $205,000 with an average of $189,000.  The house ranged in size from 1,064 square feet to 2,432 square feet.  They took an average of 106 days before they sold. There are presently 2 houses that are pending closing. They are 1,612 square feet and 2,315 square feet and have asking prices of $184,900 and $275,000 with the average being $229,950 and 1 of them has a pool.  They have been on the market for an average of 63 days.There are a total of 16 houses on the market.  They range in size from 1,064 square feet to 2,576 square feet with asking prices ranging from $187,000 to $359,000.  Of ...
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By Richard Carpentieri, GRI, ABR, PRM, e-PRO
(Keller Williams Realty)
Sky Lake sub division is located in the south central part of the Orlando real estate market.  There have been 7 single family houses sold in the 1st quarter of 2008.  The sales prices ranged from $107,000 to $190,000 with 2 of them having pools and the average being $160,967.  The square footage ranged from 1,071 to 1,690 and the houses lasted an average of 190 days on the market before they closed.There are presently 4 houses that are pending closing with an asking price range from $154,000 to $180,000 with $165,175 being the average.  These houses range in size from 1,350 to 1,889 square feet.  The average time on the market is currently 45 days.  Remember these properties have not closed yet so the average time to close will rise.There are a total of 94 houses on the market ranging ...
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By Richard Carpentieri, GRI, ABR, PRM, e-PRO
(Keller Williams Realty)
Sand Lake Hills is located in the Dr Phillips section of the Orlando real estate market.  There has been 5 single family houses sold in the 1st quarter of 2008.  They sold for prices ranging from $185,000 to $330,000 with an average sale price of $251,400 and they ranged in size from 1,623 square feet to 2,512 square feet with 1 of them having a pool.  They took an average of 113 days before they sold. There are presently 4 houses that are pending closing.  The asking prices for these houses range from $240,000 to $255,000 with the average being $248,700 and they rang in size form 1,638 square feet to 1,948 square feet. These houses took an average of 63 days before they were sold but remember the time to close will go up as they have not closed yet.There are a total of 23 houses on the...
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By David Welch, Real Estate Optimist - #OrlandoRealEstate
(Charles Rutenberg Realty)
April saw yet more improvement in sales numbers. So far there are 1,079 closed sales reported for April with five days remaining for sales to be reported in the MLS. I typically see a couple hundred input after the close of the month. So we should see more than 1,200 closed when April is in the books. Right now the 1,079 is one sale shy of March's 1,080. Keep in mind these are my numbers, not the official numbers for the month. They will come out around the 10th of the May. I am also seeing another decline in the median price to $215,000 which is down from March's $220,000.Pending sales are hovering around 3,000 and active listings remain high at almost 27,000. (I measure inventory numbers differently than the official numbers that are reported.) New contracts written in April were way ...
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By Jerry LaRose, Waterford Lakes, Avalon Park Fl. Realtor
(Keller Williams classic Realty)
Have you been feeling frustrated at clients who don't seem to be able to make a decision? At the beginning they seem interested in buying, either they've contacted you or you contacted them. Then as they see some homes and may begin listening to the news about today's marketplace, they start to get cold feet.They don't return your phone calls or e-mails, and when you finally reached them they say, "I'm not sure this is the best time to buy. I've heard prices may get lower."At this point you can either get exasperated and give up or you can give them a good reason to buy now, one that they can't refuse.This is a simple three step process:First, say to them, "Did you know that Donald Trump is buying up as much real estate as he can right now?" Client, "No, really? Why?" You respond with,...
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By Drew Peterson
(Keller Williams Advantage II Realty)
Welcome to the last installment of our blog series on the Top Ten Realtor Myths. On Monday, we addressed the myth that a Realtor should be hired on the basis of his or her marketing skills. If you missed that installment, you can read it by clicking here. Now, let's move on to the number one Realtor myth.Myth: A Realtor is a Realtor is a Realtor. Fact: The Realtor designation merely indicates that the real estate agent is a member of the National Association of Realtors. It is not an indication of skill, experience, training, or background.At first glance, you might be confused about why we listed this as the number one myth. After all, it seems kind of obvious. No one actually thinks all Realtors are the same, right?Unfortunately, even if buyers and sellers know in their heads that all...
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By Jerry LaRose, Orlando, Windermere FL. Real Estate, ABR, GRI, e-PRO, CLHMS
(Orlando Realty Partners)
Have you been feeling frustrated at clients who don't seem to be able to make a decision? At the beginning they seem interested in buying, either they've contacted you or you contacted them. Then as they see some homes and may begin listening to the news about today's marketplace, they start to get cold feet.They don't return your phone calls or e-mails, and when you finally reached them they say, "I'm not sure this is the best time to buy. I've heard prices may get lower."At this point you can either get exasperated and give up or you can give them a good reason to buy now, one that they can't refuse.This is a simple three step process:First, say to them, "Did you know that Donald Trump is buying up as much real estate as he can right now?" Client, "No, really? Why?" You respond with,...
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By Richard Carpentieri, GRI, ABR, PRM, e-PRO
(Keller Williams Realty)
Pepper Mill is located in the south central sector of the Orlando real estate market.  There has been 5 single family houses sold in the 1st quarter of 2008 ranging in price from $165,000 to $230,000.  The square footage ranged in size from 1,406 square feet to 1,516 square feet with one of them having a pool and they lasted an average of 164 days on the market.There are presently 4 houses that are pending closing with asking prices that range from $135,000 to $245,000.  They range in size from 1,269 square feet to 1,664 square feet with 2 of them having pools.  They have been on the market for an average of 94 days.  Remember these properties have not closed yet so the time to close will rise.There are a total of 21 houses on the market ranging in size from 1,369 to 1,883 square feet w...
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By Richard Carpentieri, GRI, ABR, PRM, e-PRO
(Keller Williams Realty)
Orange Tree Country Club is located off of Dr Phillips Blvd in the Dr Phillips section of the Orlando real estate market.  There has been 2 single family houses sold in the 1st quarter of 2008.  They sold for $320,000 to $551,550 with an average sale price of $435,775 and they were 1,796 square feet to 2,933 square feet.  They took an average of 80 days before they sold. There are presently 3 houses that are pending closing.  The asking prices for these houses range from $325,000 to $425,000 with 369,667 being the average and they are 2,126 square feet to 2,625 square feet with 2 of them having pools.  They took an average of 80 before they sold.There are a total of 14 houses on the market.  They range in size from 1,750 square feet to 3,200 square feet with asking prices ranging from $...
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