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Winter 2012 Market Update
Multiple offers are being seen with bank owned properties!
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| Average Home Price | $175,000 - View Graph Trend |
| Average Price Compared to Last Year | Down 25-30% |
| Average Time on Market | 90-120 days |
| Best Selling Price Range | $150,000 - $199,000 |
| Worst Selling Price Range | $350,000 - $399,000 |
| Prices As % of Asking Price | 90-95% |
| Existing Home Prices for the past 90 days are? | No Change |
| Market Trend | Decreasing |
| Buyers’ or Sellers’ Market | More sellers than buyers |
| 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 |
| 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. |
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 40-45% |
| Is Financing Available For Qualified Buyers? | Yes |
| Comments on Financing For Qualified Buyers | Some condo communities are tough to get financing on. |
| 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. |
| Greatest Activity | Investors |
| Reason to Buy/Sell | Lower prices with good selection and competitive interest rates creates a perfect time to buy in Orlando - Metro West! |
| Nearest Metro Area | Orlando |
| Housing Hot Spots | Great deals on Condos! Call for a list of bank owned condos/ townhomes/single family homes in the area. |
| Average Sold Price | $175,000 - View Graph Trend |
Orlando - Metro West 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 9th, 2012 –
---------------------------------
30 yr. fixed rate: 3.89%---------------------------------
15 yr. fixed rate: 3.21%
30 yr. jumbo rate: 4.66%
15 yr. jumbo rate: 3.99%
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