Orlando Real Estate

Orlando Real Estate Statistics for January 09 Due Today

February 10th, 2009 7:59 AM by David W. Welch

January's numbers are due to be released today. I'll check later at www.orlandosentinel.com to see what they say about the release. While sale were up considerably over January of '08 (the sales bottom), prices were down even more as distressed properties made up a majority of the closed sales. Every home that I have under contract right now is a distressed property. 509 Seasons Ct., 8320 Purcell Dr., as well as a townhome in South Orlando and condo's downtown and in Kissimmee. I also have offers outstanding on a home in Conway and another townhome in South Orlando. Overall about 2/3 of all the homes under contract are distressed. My newest listing in Baldwin Park at 1574 Almond Ave. is a short sale.

I want to send out a thank you to Beth Larsen in Sedona Arizona for her referral. Beth found me on Active Rain. If you are moving to Sedona, you can find Beth at www.move2sedona.com. OW Smith in Memphis Tennessee found me on Active Rain, and I really enjoyed working with the couple he referred to me. In fact they are moving into their home in Celebration this week. If you are looking for an agent in Memphis, you can find OW at www.OWSmith.com. Check back later for the official numbers, and until then think positive.

David Welch, Orlando Real Estate

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Posted by David W. Welch on February 10th, 2009 7:59 AM

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