Orlando Real Estate

Orlando Real Estate Statistics August 2012
September 5th, 2012 9:57 AM

Back at the beginning of the year I was interview by Florida Trend magazine for an article they were doing on Orlando real estate. They asked me what I thought the big story in Orlando was going to be this year, and I said the declining inventory. Well, it is still going down and last month we hit 2.86 months supply of homes listed available by Orlando Realtors®. The number of active listings is 7,352 with 745 or 10.1% REO, 1,567 or 21.3% short sales and 5,040 or 68.6% equity sales. With the declining inventory, we are seeing declining pending sales as well. There are currently 10,473 homes of all types listed as pending or active with contract.  Of those 1,056 or 10.1% are REO, 7,434 or 71.0% are short sales and 1,983 or 18.9% are equity sales. Virtually all the decline in active listings over the last four months is accounted for among short sales.

August saw strong sales with 2,567 closed transactions, and the median sales price remained steady at $125,000. This marked the 14th month in a row of year over year price increases. I think we can call this a trend. Of the closed sales 617 or 24% were REO with a median price of $83,000. Short sales accounted for 726 sales or 28.3% of the total with a median sales price of $111,000. The 726 sales is about 9.8% of the total number of pending short sales. This statistic has been consistently between 8% and 10% for the last four years, but it has been on the higher end of that range a lot more in the last year. There were 1,224 equity sales or 47.7% of the total number of closings last month with a median price of $163,000. I have some concern the lack of inventory and higher priced REOs would drive our cash buyers out. It has not happened yet. There were 1,362 cash sales with a median price of $81,300, accounting for 53.1% of all the sales last month. There were 1,205 or 46.9% of all sales that closed with financing.

David Welch Real Estate Optimist, Orlando Real EstateSearch for Homes


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Posted by David W. Welch on September 5th, 2012 9:57 AMPost a Comment

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There are 7,407 homes for sale listed by Orlando Realtors and 10,557 homes listed as contract pending. Of the homes still available for sale, 797 are foreclosures and 1,516 are short sales. Of the homes with contracts pending, 1,074 are foreclosures and 7,458 are short sales.

Early Orlando real estate sales statistics for September: 1,289 closed sales with a median sales price of $123,000. Is everything closing this week? Sales are looking slower than I expected.

David Welch Real Estate Optimist, Orlando Real EstateSearch for Homes


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Posted by David W. Welch on September 24th, 2012 11:19 AMLeave a Comment

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September 24th, 2012 11:15 AM

SOLD
Header_2
Listings Photo
$399,900.00
6372 Oak Chase Ct

Orlando, FL 32819



Beds: 4 Rooms: 0
Full Baths: 3 Sq. Ft.: 3302
Garage: 3 Built: 2011
 

This is a new SOLD listing that I thought you might be
interested in. Visit this
listing online to see more
photos of the property,
Google Earth satellite
images, and much more.
 

If you have any questions
about this property or
require more information,
please feel free to call.

David W. Welch
RE/MAX 200 Realty
4076296330
www.davidwelch.com



 
  Visit this listing here


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Posted by David W. Welch on September 24th, 2012 11:15 AMLeave a Comment

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There are 7,424 homes for sale listed by Orlando Realtors and 10,553 homes listed as contract pending. Of the homes still available for sale, 780 are foreclosures and 1,531 are short sales. Of the homes with contracts pending, 1,087 are foreclosures and 7,458 are short sales.

Early Orlando real estate sales statistics for September: 1,196 closed sales with a median sales price of $124,900. I closed one of these sales today.

David Welch Real Estate Optimist, Orlando Real EstateSearch for Homes


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Posted by David W. Welch on September 21st, 2012 4:37 PMLeave a Comment

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There are 7,386 homes for sale listed by Orlando Realtors and 10,569 homes listed as contract pending. Of the homes still available for sale, 757 are foreclosures and 1,532 are short sales. Of the homes with contracts pending, 1,113 are foreclosures and 7,449 are short sales.

Too early Orlando real estate sales statistics for September: 1,029 closed sales with a median sales price of $125,000. I am pretty sure sales will be down for the month, probably somewhere in the 2,100- 2,200 range.

David Welch Real Estate Optimist, Orlando Real EstateSearch for Homes


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Posted by David W. Welch on September 20th, 2012 9:27 AMLeave a Comment

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Each month, my friends from Realtor.com ask me to share their statistics for the Orlando real estate market. The following are results from August 2012.

August 2012 real estate search results are in and Orlando, FL was the #10 most searched market in the country in August 2012, based on data released today by Realtor.com, the #1 homes for sale real estate web site. Median list prices for homes in Orlando, FL hit $165,000 in August 2012, a 4.43% increase from one year ago this month, and 0.00% increase from July 2012.

The national median list price in August 2012 was $190,000, a 0.05% increase compared to August 2011. Active for sale inventory of homes in Orlando, FL in August 2012 leveled out at 9,332, a -20.23% decrease compared to August 2011. National inventory counts for August 2012 were 1,843,736, a -18.68% decrease as compared to a year ago.

The median age of inventory in Orlando, FL in August was 62 days, a -1.59% decrease compared to July 2012. Nationally, the median age of inventory was 91 days, a 3.41% increase compared to July. For details on all 146 MSAs monitored by Realtor.com in August 2012, click here: http://www.realtor.com/data-portal/Real-Estate-Statistics.aspx Contact us if you’re interested in a custom report detailing real estate trend data by county or zip code.

Each month, Realtor.com surveys up to 250 Metro Service Areas (MSA) throughout the nation and monitors real estate trends including consumer search behavior, median list prices on for sale homes, active inventory counts and median age of inventory. The information is released to local markets to help consumers and real estate professionals as they work together to successfully navigate their local market. According to Realtor.com, the top 10 most searched real estate markets, identified as MSAs, in the United States in August 2012 include:

Chicago, IL 1st
Detroit, MI 2rd
Philadelphia, PA 3rd
Los Angeles-Long Beach, CA 4th
Atlanta, GA 5th
Dallas, TX 6th
Tampa-St. Petersburg-Clearwater, FL 7th
Boston-Wrcstr-Lwrnce-Lowll-Brcktn, MA 8th
Phoenix-Mesa, AZ 9th
Orlando, FL 10th

In addition, the top most searched real estate markets in Florida in August 2012, and the national searched rank included:

Tampa-St. Petersburg-Clearwater, FL #7
Orlando, FL #10
West Palm Beach-Boca Raton, FL #16
Fort Lauderdale, FL #19
Miami, FL #25
Sarasota-Bradenton, FL #41
Fort Myers-Cape Coral, FL #43
Jacksonville, FL #44
Melbourne-Titusville-Palm Bay, FL #53
Fort Pierce-Port St. Lucie, FL #60
Daytona Beach, FL #71
Lakeland-Winter Haven, FL #74
Naples, FL #77
Pensacola, FL #115
Tallahassee, FL #119
Ocala, FL #126
Gainesville, FL #132
Punta Gorda, FL #145

Realtor.com, the #1 homes-for-sale site, displays more than four million for sale and for rent property listings fed directly to the site for free by more than 850 multiple listing services (MLS) across the nation. More than 80 percent of all listings on Realtor.com are updated every 15 minutes with important information including price changes, sold data and property status changes, with the remaining properties updated every one to 24 hours. All homes tracked in these monthly reports are single family homes, condominiums, co-ops and townhomes.For more information or commentary on local market trends, please contact:

Jennifer.DuBois@move.com
Jill.Kipnis@move.com

Candice.Cerro@move.com


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Posted by David W. Welch on September 18th, 2012 2:47 PMLeave a Comment

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There are 7,372 homes for sale listed by Orlando Realtors and 10,547 homes listed as contract pending. Of the homes still available for sale, 736 are foreclosures and 1,547 are short sales. Of the homes with contracts pending, 1,103 are foreclosures and 7,456 are short sales.

Too early Orlando real estate sales statistics for September: 842 closed sales with a median sales price of $130,000. Wow! That is the first time I've $130,000 in a very long time.

David Welch Real Estate Optimist, Orlando Real EstateSearch for Homes


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Posted by David W. Welch on September 18th, 2012 10:34 AMLeave a Comment

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There are 7,379 homes for sale listed by Orlando Realtors and 10,553 homes listed as contract pending. Of the homes still available for sale, 749 are foreclosures and 1,524 are short sales. Of the homes with contracts pending, 1,094 are foreclosures and 7,478 are short sales.

Too early Orlando real estate sales statistics for September: 738 closed sales with a median sales price of $129,995. Sales appear a little slower this month, but we might be seeing a higher median sales price if this keeps up.

David Welch Real Estate Optimist, Orlando Real EstateSearch for Homes


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Posted by David W. Welch on September 17th, 2012 11:01 AMLeave a Comment

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There are 7,413 homes for sale listed by Orlando Realtors and 10,542 homes listed as contract pending. Of the homes still available for sale, 749 are foreclosures and 1,557 are short sales. Of the homes with contracts pending, 1,111 are foreclosures and 7,462 are short sales.

Way too early Orlando real estate sales statistics for September: 560 closed sales with a median sales price of $125,000. I definitely see lower sales this month, which is a "normal" trend. I just have not seen a normal trend in a long time.

David Welch Real Estate Optimist, Orlando Real EstateSearch for Homes


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Posted by David W. Welch on September 14th, 2012 9:29 AMLeave a Comment

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There are 7,390 homes for sale listed by Orlando Realtors and 10,509 homes listed as contract pending. Of the homes still available for sale, 746 are foreclosures and 1,561 are short sales. Of the homes with contracts pending, 1,082 are foreclosures and 7,465 are short sales.

Way too early Orlando real estate sales statistics for September: 420 closed sales with a median sales price of $123,700. It appears as if September sales may be a bit lower than what we have had over the summer. Price is still stable though.

David Welch Real Estate Optimist, Orlando Real EstateSearch for Homes


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Posted by David W. Welch on September 12th, 2012 9:39 AMLeave a Comment

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There are 7,368 homes for sale listed by Orlando Realtors and 10,499 homes listed as contract pending. Of the homes still available for sale, 740 are foreclosures and 1,559 are short sales. Of the homes with contracts pending, 1,081 are foreclosures and 7,442 are short sales.

Way too early Orlando real estate sales statistics for September: 335 closed sales with a median sales price of $123,700. Sales appear a bit slower this month, but I think prices will continue to hold steady.

David Welch Real Estate Optimist, Orlando Real EstateSearch for Homes


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Posted by David W. Welch on September 11th, 2012 8:34 AMLeave a Comment

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There are 7,356 homes for sale listed by Orlando Realtors and 10,477 homes listed as contract pending. Of the homes still available for sale, 722 are foreclosures and 1,561 are short sales. Of the homes with contracts pending, 1,082 are foreclosures and 7,431 are short sales.

Way too early Orlando real estate sales statistics for September: 255 closed sales with a median sales price of $117,000. Too early to tell, but I am starting to hear people say they are waiting to do something until after the election.

David Welch Real Estate Optimist, Orlando Real EstateSearch for Homes


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Posted by David W. Welch on September 10th, 2012 7:32 AMLeave a Comment

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There are 7,364 homes for sale listed by Orlando Realtors and 10,436 homes listed as contract pending. Of the homes still available for sale, 726 are foreclosures and 1,591 are short sales. Of the homes with contracts pending, 1,062 are foreclosures and 7,393 are short sales.

Way too early Orlando real estate sales statistics for September: 117 closed sales with a median sales price of $93,900. Still way too early to make any guesses where September will end up.

David Welch Real Estate Optimist, Orlando Real EstateSearch for Homes


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Posted by David W. Welch on September 6th, 2012 2:36 PMLeave a Comment

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There are 7,361 homes for sale listed by Orlando Realtors and 10,451 homes listed as contract pending. Of the homes still available for sale, 748 are foreclosures and 1,558 are short sales. Of the homes with contracts pending, 1,058 are foreclosures and 7,427 are short sales.

Orlando real estate sales statistics for August: 2,522 closed sales with a median sales price of $125,000. Another good month about to go in the books.

David Welch Real Estate Optimist, Orlando Real EstateSearch for Homes


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Posted by David W. Welch on September 4th, 2012 1:06 PMLeave a Comment

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There are 7,379 homes for sale listed by Orlando Realtors and 10,493 homes listed as contract pending. Of the homes still available for sale, 754 are foreclosures and 1,566 are short sales. Of the homes with contracts pending, 1,061 are foreclosures and 7,459 are short sales.

Orlando real estate sales statistics for August: 2,431 closed sales with a median sales price of $125,000. I will have my final August numbers in a couple of days.

David Welch Real Estate Optimist, Orlando Real EstateSearch for Homes


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Posted by David W. Welch on September 3rd, 2012 9:25 AMView Comments (1)

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