Winter 2012 Market Update
If you can qualify, now is an exceptional time to buy a home in Dr Phillips. Low rates with falling home prices makes a home purchase a great value! Call now for more information at 407-451-1001

Average Home Price $325,000 - View Graph Trend
Average Price Compared to Last Year Down 15-20%
Average Time on Market More than 120 days
Best Selling Price Range$300,000 - $349,000
Worst Selling Price Range$600,000 - $649,000
Prices As % of Asking Price 90-95%
Existing Home Prices for the past 90 days are?Decreasing
Market Trend Decreasing
Buyers’ or Sellers’ Market More sellers than buyers
Buyer Activity for the past 90 days in Dr Phillips isIncreasing
Seller Activity for the past 90 days in Dr Phillips is?Increasing
Multiple Offers?Yes
Multiple Offers CommentaryBank-Owned and aggressively priced homes in particular are attracting multiple offers.
What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?20-25%
Is Financing Available For Qualified Buyers?Yes
Housing Inventory Good supply - Some Prices
Greatest Activity Repeat Buyers
Reason to Buy/Sell Lower prices with good selection and competitive interest rates creates a perfect time to buy in Dr Phillips! Note: All statistics based on Multiple Listing Service data for ZIP Codes 32819 and 32836. Due to web host constraints, the linked graphs are for 32819 only.
Nearest Metro AreaOrlando
Housing Hot SpotsMost cities within the Orange County area are considered 'Housing Hotspots'
Average Sold Price $325,000 - View Graph Trend

Dr Phillips 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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Mortgage Rates
– Feb 11th, 2012 –
---------------------------------
 30 yr. fixed rate:     3.89%
 15 yr. fixed rate:     3.21%
  30 yr. jumbo rate:  4.60%
  15 yr. jumbo rate:  3.96%

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(NOTE: Because current market conditions can change rapidly in any given marketplace, please check with the exclusive HouseHunt, Inc., real estate agent for this territory before acting on this information.)
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