Sat, Oct 4
8am to 2pm
Map of sales
Sep 30, 2008
Sep 26, 2008
Can You Still Get A Mortgage?
Melissa Cohn, founder and CEO of The Manhattan Mortgage Company, answers questions from The New York Times readers about obtaining mortgages to buy a home in the current economic climate.
Sep 23, 2008
Freddie & Fannie Rescue Impacts Sellers
According to CNNMoney.com, the federal takeover of Freddie Mac and Fannie Mae will likely translate into lower mortgage rates and greater availability of credit according to experts. Rates could drop 1% from the stubbornly high 6.39% for a 30-year fixed rate mortgage.
Sellers, how does this impact you and why should you care?
Interest rates have a direct impact on a monthly housing payment, so any rate decrease will have a significant positive affect on what a buyer can afford – it could be the difference between buying and not buying or potentially being approved for a higher price range. Good for buyer, good for seller.
With decreased interest rates, a buyer sitting on the sidelines may take this opportunity to finally commit to buying. A “borderline” buyer may receive that little extra buying power they need to buy a home. A “wait for a sweeter deal” buyer may decide the deal is finally sweet enough for them to commit to buying.
Sellers, how does this impact you and why should you care?
Interest rates have a direct impact on a monthly housing payment, so any rate decrease will have a significant positive affect on what a buyer can afford – it could be the difference between buying and not buying or potentially being approved for a higher price range. Good for buyer, good for seller.
With decreased interest rates, a buyer sitting on the sidelines may take this opportunity to finally commit to buying. A “borderline” buyer may receive that little extra buying power they need to buy a home. A “wait for a sweeter deal” buyer may decide the deal is finally sweet enough for them to commit to buying.
Sep 17, 2008
High Inventory & Minimal Sales in Avalon Park
Avalon Park is an established, but continuously growing community. It is considered to be the second most well known community in east metro Orlando. Folks all over the metro area commonly refer to the east side and east Orlando as the “Waterford/Avalon area”.
The majority of all real estate activity over the past 90 days in Avalon Park occurred in the $200,000 to $300,000 price range. Roughly 60% of all active homes, pending sales and closed sales were within this range.
With a high inventory of homes on the market in Avalon Park, how does a buyer choose among 63 similar homes for sale in the $200s?
Price per square foot will be a key consideration for a buyer in Avalon Park – the most space for the least price is what they’re going to buy. Active listings in the $200s presently run the gamut from 1,500 square feet to 3,800 square feet.
There has been minimal home sales in the low $200s – just four sales in the past 90 days. With the majority of active listings in the low $200s being overpriced short sales / foreclosures, this lack of sales will continue until sellers drop their prices in line with recent comparable sales.
There has been minimal home sales in the high $200s – just five sales in the past 90 days. However, the majority of active listings in the high $200s are priced within reason (half of those being short sales / foreclosures). I anticipate a noticeable increase in home sales in the high $200s throughout year end.
- 63 active priced $205,000 to $300,000 including 36 short sales / foreclosures
- 19 pending priced $210,000 to $299,000 including 17 short sales / foreclosures
- 9 sold (past 90 days) priced $217,000 to $300,000 including 3 short sales / foreclosures
The majority of all real estate activity over the past 90 days in Avalon Park occurred in the $200,000 to $300,000 price range. Roughly 60% of all active homes, pending sales and closed sales were within this range.
With a high inventory of homes on the market in Avalon Park, how does a buyer choose among 63 similar homes for sale in the $200s?
Price per square foot will be a key consideration for a buyer in Avalon Park – the most space for the least price is what they’re going to buy. Active listings in the $200s presently run the gamut from 1,500 square feet to 3,800 square feet.
There has been minimal home sales in the low $200s – just four sales in the past 90 days. With the majority of active listings in the low $200s being overpriced short sales / foreclosures, this lack of sales will continue until sellers drop their prices in line with recent comparable sales.
There has been minimal home sales in the high $200s – just five sales in the past 90 days. However, the majority of active listings in the high $200s are priced within reason (half of those being short sales / foreclosures). I anticipate a noticeable increase in home sales in the high $200s throughout year end.
- 63 active priced $205,000 to $300,000 including 36 short sales / foreclosures
- 19 pending priced $210,000 to $299,000 including 17 short sales / foreclosures
- 9 sold (past 90 days) priced $217,000 to $300,000 including 3 short sales / foreclosures
Sep 15, 2008
High Inventory & Strong Sales in Waterford Lakes
Waterford Lakes is known as the most established, quality neighborhood in east metro Orlando. In fact, folks all over the metro area refer to the east side and east Orlando as “Waterford Lakes”.
Though the inventory of available homes is high, Waterford Lakes is experiencing strong sales over the past 90 days. And it’s not short sales / foreclosures that are moving in Waterford Lakes as is the case in newer east metro Orlando neighborhoods. The majority of sales in Waterford Lakes were traditional sales (11 of 18 sales).
This is the case of a strong, desirable community retaining its value and appeal even in the most challenging of times.
The majority of all real estate activity over the past 90 days in Waterford Lakes occurred in the $200,000 to $300,000 price range. Roughly 70% of all active homes, pending sales and closed sales were within this range.
With inventory so high, how does a buyer choose among 34 nearly identical homes for sale in the $200s? The answer is first getting back to basics: price right and show great. In order to sell today for a quick, top dollar sale, a seller needs to share knowledge, have an accessible home and an accessible agent more than ever before.
- 34 active priced $205,000 to $300,000 including 14 short sales / foreclosures
- 5 pending priced $210,000 to $290,000 including 1 short sale / foreclosure
- 18 sold (past 90 days) priced $200,000 to $300,000 including 7 short sales / foreclosures
Though the inventory of available homes is high, Waterford Lakes is experiencing strong sales over the past 90 days. And it’s not short sales / foreclosures that are moving in Waterford Lakes as is the case in newer east metro Orlando neighborhoods. The majority of sales in Waterford Lakes were traditional sales (11 of 18 sales).
This is the case of a strong, desirable community retaining its value and appeal even in the most challenging of times.
The majority of all real estate activity over the past 90 days in Waterford Lakes occurred in the $200,000 to $300,000 price range. Roughly 70% of all active homes, pending sales and closed sales were within this range.
With inventory so high, how does a buyer choose among 34 nearly identical homes for sale in the $200s? The answer is first getting back to basics: price right and show great. In order to sell today for a quick, top dollar sale, a seller needs to share knowledge, have an accessible home and an accessible agent more than ever before.
- 34 active priced $205,000 to $300,000 including 14 short sales / foreclosures
- 5 pending priced $210,000 to $290,000 including 1 short sale / foreclosure
- 18 sold (past 90 days) priced $200,000 to $300,000 including 7 short sales / foreclosures
Sep 10, 2008
A Glut Of Spring Isle Townhomes
Owners of Spring Isle townhomes in east metro Orlando may be surprised if they put their homes up for sale any time soon. One in ten Spring Isle townhomes is on the market. The dilemma is over half of these townhomes are grossly overpriced and not moving as a result.
How does a buyer choose among 25 identical townhomes for sale? The answer is price, price and price - whatever is lowest priced will be next in line to sell. And what’s lowest priced today is short sales / foreclosures.
With overpriced short sales clogging the market, we will soon see these homes ultimately be foreclosed on due to a failed short sale (the lender approves a short sale, not the homeowner). A home that has been foreclosed on will be put back on the market at a rock bottom price.
An overpriced seller needs to consider the ramifications of overpricing their home – excessive time, cost, work, stress and worry. It’s time to price right, sell and move on.
- 25 active priced $141,000 to $229,000 including 17 short sales / foreclosures
- 5 pending priced $145,000 to $187,000 including 4 short sales / foreclosures
- 2 sold (past 90 days) priced $148,000 to $160,000 including 2 short sales / foreclosures
How does a buyer choose among 25 identical townhomes for sale? The answer is price, price and price - whatever is lowest priced will be next in line to sell. And what’s lowest priced today is short sales / foreclosures.
With overpriced short sales clogging the market, we will soon see these homes ultimately be foreclosed on due to a failed short sale (the lender approves a short sale, not the homeowner). A home that has been foreclosed on will be put back on the market at a rock bottom price.
An overpriced seller needs to consider the ramifications of overpricing their home – excessive time, cost, work, stress and worry. It’s time to price right, sell and move on.
- 25 active priced $141,000 to $229,000 including 17 short sales / foreclosures
- 5 pending priced $145,000 to $187,000 including 4 short sales / foreclosures
- 2 sold (past 90 days) priced $148,000 to $160,000 including 2 short sales / foreclosures
Sep 8, 2008
Orlando Area Crime Map
The Orlando Area Crime Map is a searchable crime database and is compiled using public records provided by local police agencies including the Orlando Police Department and the Orange County Sheriff's Department.
Sep 3, 2008
Avalon Park Farmer’s Market
Farmer’s Market
Downtown Avalon Park
Oct 2008 to Apr 2009
Saturdays 7am to 12pm
Downtown Avalon Park
Oct 2008 to Apr 2009
Saturdays 7am to 12pm
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