There were 11,903 Orlando FL foreclosure homes in February 2012, according to RealtyTrac.com. 1 in every 1,171 housing units received a foreclosure filing. The average sales price of an Orlando home was $119,371 and the average sales price of a foreclosure home was $97,197, a $22,174 savings.
Orlando FL Foreclosure Activity and 30 Year Interest Rate
The interest rate on a 30 year mortgage was 3.89% in February and there were 1,171 new foreclosures compared to 1,459 new foreclosures in January.
Foreclosure activity is based on the total number of properties that receive foreclosure filings – default notice, foreclosure auction notice or bank repossession – each month. Interest rate is based on the average 30-year fixed rate from Freddie Mac Primary Mortgage Market Survey.
Orlando FL Foreclosure Geographical Comparison
Orlando FL foreclosures were 0.15% above national statistics, 0.02% above Florida figures and the same as Orange County numbers in February.
Orlando FL Foreclosure Activity by Month
Orlando FL foreclosure activity is falling. The number of Bank-owned homes fell in February from 722 homes to 367. The number of auctions increased from 169 to 235 and Pre-foreclosure acitivity rose from 568 to 569 homes.
Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 17 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.
You deserve professional real estate service! You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently. You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.