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Winter 2012 Market Update
If you can qualify, now is an exceptional time to buy a home in Orlando Southwest. Low rates with falling home prices makes a home purchase a great value!
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| Average Home Price | $275,000 - View Graph Trend |
| Average Price Compared to Last Year | Up 0-5% |
| Average Time on Market | 60-90 days |
| Best Selling Price Range | $200,000 - $249,000 |
| Worst Selling Price Range | $1,000,000+ |
| Prices As % of Asking Price | 95-100% |
| Existing Home Prices for the past 90 days are? | No Change |
| Market Trend | Decreasing |
| Buyers’ or Sellers’ Market | More buyers than sellers |
| Buyer Activity for the past 90 days in Orlando Southwest is | Increasing |
| Seller Activity for the past 90 days in Orlando Southwest is? | Decreasing |
| Multiple Offers? | Yes |
| Multiple Offers Commentary | Multiple Offers are happening on many of the bank owned (foreclosed) properties and some of the short sales (preforeclosures). |
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | More than 50% |
| Is Financing Available For Qualified Buyers? | Yes |
| Comments on Financing For Qualified Buyers | Some areas of Southwest Orlando qualify for a USDA 100% financing loan. |
| Housing Inventory | Good supply - Some Prices |
| Inventory Comments | Homes are up for sale for a short amount of time than the last quarter. Inventory levels are going down as compared to the same time last year. |
| Greatest Activity | Investors |
| Reason to Buy/Sell | Lower prices with good selection and competitive interest rates creates a perfect time to buy in Orlando Southwest! Many Snowbirds are buying vacation homes. Also, investment homes for short term or long term rental purposes. |
| Nearest Metro Area | Orlando |
| Housing Hot Spots | Bay Hill, Keenes Pointe are a few of the subdivisions. Dr. Phillips, Windermere and Winter Garden border Disney and the other theme parks. Easy access to major expressways. Kissimmee was voted as one of the top vacation home hotspots in the country. |
| Average Sold Price | $275,000 - View Graph Trend |
Orlando Southwest 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.
Click here for full article...
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.
Click here for full article...
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Mortgage Rates
– Feb 13th, 2012 –
---------------------------------
30 yr. fixed rate: 3.89%---------------------------------
15 yr. fixed rate: 3.21%
30 yr. jumbo rate: 4.61%
15 yr. jumbo rate: 3.97%
Home Values
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