Bay Hill Real Estate Market - View Bay Hill Real Estate Market Trends in Florida

Winter 2012 Market Update Pre-approval for a mortgage is a requirement, you will need this before you start to look at homes. Both you and your Realtor will know exactly how much home you can buy and will be ready to write an offer on the stop when you find the ideal home for you. The real estate market is remarkable and now is an exceptional time to buy a home in Bay Hill. Mortgage interest rates are still low! I would love the opportunity to work with you as your Realtor and if I can be of assistance, please call me at 407-257-7921 or email me at Sandra@sandraschack.com. I will be happy to meet with you for a consultation before we set out to see any homes.
Average Home Price	$450,000 - View Graph Trend

Average Price Compared to Last Year	Up 0-5%

Average Time on Market	60-90 days

Best Selling Price Range	$350,000 - $399,000

Worst Selling Price Range	$1,000,000+

Prices As % of Asking Price	85-90%

Existing Home Prices for the past 90 days are?	Increasing

Market Trend	Decreasing

Buyers’ or Sellers’ Market	Equal buyers and sellers

Buyer Activity for the past 90 days in Bay Hill is	Increasing

Seller Activity for the past 90 days in Bay Hill is?	Decreasing

Multiple Offers?	Yes

Multiple Offers Commentary	We are still experiencing multiple offer situations with bank owned properties and some short sales as well. Many banks prefer a short sale to stay Active With Contract on the MLS so they can take backup offers. Listing prices seem to be increasing slightly, banks often come back and ask for Highest & Best on foreclosed properties and often counter with a higher price on a short sale.

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?	15-20%

Is Financing Available For Qualified Buyers?	Yes

Comments on Financing For Qualified Buyers	’Pre-approval’ is a requirement for those financing prior to the showing of homes. Many sellers are asking for this at the ’door’ before a showing can be scheduled. If a buyer is purchasing with cash, ’Proof of Funds’ is asked for.

Housing Inventory	Good supply - Some Prices

Greatest Activity	Investors

Reason to Buy/Sell	Population Growth

Nearest Metro Area	Orlando

Housing Hot Spots	Most cities within the Orange County area are considered ’Housing Hotspots’

Average Sold Price	$450,000 - View Graph Trend

Bay Hill Local News

Sluggish housing market in line for a better 2012, according to quarterly survey

The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.

The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.

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