Orlando - Metro West Real Estate Market Conditions & Reports, Orlando

Market Commentary Provided by Chris Bessett and Shaun Reed
Multiple offers are being seen with bank owned properties!

Report Date

Winter 2010

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CONNECT WITH A LOCAL PROFESSIONAL

Chris Bessett and Shaun Reed
CENTURY 21 Elite Properties
Orlando, Florida
Chris @ 321-331-9586 or Shaun @ 407-617-4899
team@eliteteamrealtyfl.com
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Nearest Metro Area

Orlando

Buyers’ or Sellers’ Market

More sellers than buyers

Average Time on Market

90-120 days

Market Trend

Decreasing

Housing Inventory

Good supply - Some Prices

Inventory Comments

Supply is continually decreasing as the number of buyers is getting very large due to affordability being so great, 37 year lows on interest rates, and the $8,000 tax credit. Most competitively priced homes are receiving multiple offers.

Average Home Price

$175,000 - View Graph Trend

Best Selling Price Range

$150,000 - $199,000

Worst Selling Price Range

$350,000 - $399,000

Compared to Last Year

Down 25-30%

Prices As % of Asking Price

90-95%

Multiple Offers?

Yes

Multiple Offers Commentary

If sellers price their home properly, buyers are jumping on the opportunity to own a home in today's market.

Greatest Activity

Investors

Buyer Activity for the past 90 days in Orlando - Metro West is

Increasing

Seller Activity for the past 90 days in Orlando - Metro West is

Decreasing

Is Financing Available For Qualified Buyers in Orlando - Metro West?

Yes

Comments on Financing For Qualified Buyers

Some condo communities are tough to get financing on.

Existing Home Prices for the past 90 days are

No Change

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?

40-45%

Housing Hot Spots

Great deals on Condos! Call for a list of bank owned condos/ townhomes/single family homes in the area.

Reason to Buy/Sell

Lower prices with good selection and competitive interest rates creates a perfect time to buy in Orlando - Metro West!

Average Sold Price

$175,000 - View Graph Trend

National Real Estate Market

National Summary: National Housing Market Recovery Near?

Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit

Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there.

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