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Orlando FL Real Estate Market Trends – August 2013

August 25th, 2013 by tisner

The cost of buying a Orlando FL home is going up. What’s behind the rise in interest rates? Is now still a good time to buy? Here’s an interesting video explaining a little bit about why mortgage rates are rising. There’s also a little bit in here about how “staying on the fence” could lead to a higher monthly payment.

Rates are still historically low and it’s a great time to buy. Wondering if now is the time for you to buy a Orlando FL home? Give us a call! We’ll help lay out your options so you can make an informed decision.

Take a look at sales figures in our local real estate market for July 2013.

Orange County Real Estate Sales Statistics – July 2013

Orange County saw 212 more homes sold in July 2013 than July 2012, a 12 percent increase. The average sales price increased by 19 percent and the median sales price increased by 22 percent from July 2012.  Market times decreased by 22 days or 15 percent.

Orange County Homes Sold Average Sales Price Median Sales Price Average Market Times 
July 2013  1,748  $ 210,744  $ 165,000 123
July 2012 1,536  $ 171,471  $ 129,250 145

 

Osceola County Real Estate Sales Statistics – July 2013

Osceola County homes saw home sales increased by 40 homes, a 7 percent increase. Prices increased with the average sales price up 22 percent and the median price increased by 21 percent.  Market Times decreased by 23 days compared to July 2012.

Osceola County Homes Sold Average Sales Price Median Sales Price Average Market Times 
July 2013 542  $ 169,109  $ 138,804 135
July 2012 502  $ 132,280  $ 110,000 158

 

Seminole County Real Estate Sales Statistics – July 2013

Seminole County residential sales increased by 14 percent with 97 more homes sold in July 2013. The average sales price increased by 16 percent, and the median sales price increased by 18 percent compared to July 2012 levels. Market times decreased by 25 days or 17 percent.

Seminole County Homes Sold Average Sales Price Median Sales Price Average Market Time 
July 2013 680  $ 204,632  $ 170,000 121
July 2012 583  $ 171,403  $ 139,000 149

 

Lake County Real Estate Sales Statistics – July 2013

Residential sales in Lake County increased with 126 more homes sold a 23 percent increase. The average sales price increased by 15 percent, and the median sales price increased by 18 percent for the month compared to July 2012.  Market times decreased by 22 days.

Lake County Homes Sold Average Sales Price Median Sales Price Average Market Time 
July 2013 542  $ 152,912  $ 140,000 158
July 2012 416  $ 130,315  $ 115,000 180

 

Polk County Real Estate Sales Statistics – July 2013

Polk County saw 98 more homes sold in July 2013 compared to July 2012.  The average sales price increased by 12 percent, and the median sales price increased by 16 percent.  Market times decreased by 13 days compared to July 2012.

Polk County Homes Sold Average Sales Price Median Sales Price  Average Market Time
July 2013 789  $ 130,061  $ 114,900 147
July 2012 696  $ 114,048  $ 96,995 160

It’s still a great time to get your best price on an Orlando home. 

Access Teri’s one-stop Orlando FL home shopping website.

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.

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Orlando FL Real Estate Market Trends – Nov 2012

November 20th, 2012 by tisner

Hurricane Sandy’s immediate impact on real estate in the hardest hit Northeastern neighborhoods has become painfully evident, from New Jersey shore houses completely swept away by the sea to entire neighborhoods like Queens’ Breezy Point tragically leveled to the ground. But this latest natural disaster won’t just affect certain ZIP codes, it will weigh on America’s housing market as a whole, according to Forbes.com.

In many parts of the country a housing recover has begun. Nationally, home sales have been notably higher this year as compared to last. In September, existing home sales were up 11% year-over-year and pending sales up 14.5%, according to the National Association of Realtors. Prices have risen too, with the national median sales price $183,900, or about 11% higher than September of 2011.  Inventory has fallen drastically in many parts of the country, fueling the uptick in prices. The rising numbers have helped housing become a bright spot in recent economic reports, with analysts projecting that residential investment will positively contribute to gross domestic product this year for the first time since 2005.

Now, that rosy recovery is sure to dampen. “This will certainly create a negative in the short term,” says Lawrence Yun, chief economist of the National Association of Realtors. “The bottom line is we clearly anticipate a slowdown, but it will be temporary.”

Take a look at sales figures in our local real estate market for October.

Orange County Real Estate Sales Statistics – October 2012  

Orange County saw 191 more homes sold in October 2012 than 2011, a 12 percent increase. The average sales price increased by 6 percent and the median sales price increased by 2% from October 2011.  Market times decreased by 25 days or 15 percent.  

Orange County Homes Sold Average Sales Price Median Sales Price Average Market Times 
October 2012  1,549  $168,522  $121,000 144
October 2011  1,358  $158,492  $118,000 169

Osceola County Real Estate Sales Statistics – October 2012

Osceola County homes saw home sales decreased by 1 homes, a 0.2 percent decrease. Prices increased with the average sales price up 0.5 percent and the median price increased by 7 percent.  Market Times decreased by 31 days compared to October 2011.

Osceola County Homes Sold Average Sales Price Median Sales Price Average Market Times 
October 2012 474  $126,797  $107,000 150
October 2011 475  $126,134  $99,900 181

Seminole County Real Estate Sales Statistics – October 2012

Seminole County residential sales increased by 19 percent with 115 more homes sold in October 2012. The averages sales price increased by 6 percent, and the median sales price increased by 14 percent compared to October 2011 levels. Market times decreased by 30 days or 18 percent.

Seminole County Homes Sold Average Sales Price Median Sales Price Average Market Time 
October 2012  615  $167,982  $140,000 139
October 2011 500  $158,074  $120,500 169

Lake County Real Estate Sales Statistics – October 2012  

Residential sales in Lake County increased with 89 more home sold a 21 percent increase. The average sales price increased by 7 percent, while the median sales price increased by 9 percent during the same time period.  Market times decreased by 24 days.

Lake County Homes Sold Average Sales Price Median Sales Price Average Market Time 
October 2012 421  $139,091  $124,000 161
October 2011 332  $129,816  $112,950  185

Polk County Real Estate Sales Statistics – October 2012

Polk County saw 186 more home sold in October 2012 compared to 2011.  The average sales price increased by 0.3 percent, while the median sales price increased by 7 percent.  Market times decreased by 3 day compared to October 2011.

Polk County Homes Sold Average Sales Price Median Sales Price  Average Market Time
October 2012 744  $108,417  $97,375 160
October 2011 558  $108,066  $90,925 163

Now is the time to get your best price on an Orlando home, before the prices move upward. 

Access Teri’s one-stop Orlando FL home shopping website.

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.

Orlando FL Real Estate Market Trends – July 2012

August 28th, 2012 by tisner

Good news!  The recent results of a large-scale survey strongly indicates that consumer optimism and the desire to own real estate continue to rise.

Additionally, Fannie Mae’s National Housing Survey polls 1,001 Americans each month to assess their attitudes toward homeownership, renting, mortgage rates, foreclosures, the economy, household finances, and overall consumer confidence. The results of June’s survey show Americans are increasingly optimistic about the housing market despite concerns about the broader economy and their personal finances.

  • According to the survey, Americans expect home prices to increase 2.0 percent over the next year.
  • Among participants, 35 percent said prices would rise over the next 12 months, which is the largest percentage in the survey’s two-year history.
  • Also, the number of respondents who said they would buy their next home if they were going to move rose 6.0 percent to 69 percent, which is the highest level ever recorded.
  • The number of Americans who said it was a good time to buy a home increased to 73 percent.

Lets take a look at July sales figures in our local markets.

Orange County Real Estate Sales Statistics – July 2012  

Orange County saw 68 more homes sold in July 2012 than 2011, a 4 percent increase. The average sales price increased by 6 percent and the median sales price increased by 8% from July 2011.  Market times decreased by 19 days or 20 percent.  

Orange County Homes Sold Average Sales Price Median Sales Price Average Market Times 
July 2012  1,512  $171,419  $129,000 76
July 2011  1,444  $161,624  $119,000 95

 Osceola County Real Estate Sales Statistics – July 2012

Osceola County homes saw home sales decreased by 27 homes, a 5 percent decrease. Prices increased with the average sales price up 11 percent and the median price increased by 15 percent.  Market Times decreased by 31 days compared to July 2011.

Osceola County Homes Sold Average Sales Price Median Sales Price Average Market Times 
July 2012 492  $132,337  $109,950 79
July 2011 519  $117,580  $93,500 110

 Seminole County Real Estate Sales Statistics – July 2012

Seminole County residential sales increased by 2 percent with 9 more homes sold in July 2012. The averages sales price increased by 4 percent, and the median sales price increased by 6 percent compared to July 2011 levels. Market times decreased by 27 days or 25 percent.

Seminole County Homes Sold Average Sales Price Median Sales Price Average Market Time 
July 2012  577  $172,139  $140,000 83
July 2011 568  $165,828  $131,500 110

 

Lake County Real Estate Sales Statistics – July 2012  

Residential sales in Lake County increased with 48 more home sold a 12 percent increase. The average sales price decreased by 4 percent, while the median sales price increased by 1 percent during the same time period.  Market times increased by 29 days.

Lake County Homes Sold Average Sales Price Median Sales Price Average Market Time 
July 2012 414  $ 130,266  $115,000 120
July 2011 366  $136,284  $113,765  149

 Polk County Real Estate Sales Statistics – July 2012

Polk County saw 111 more home sold in July 2012 compared to 2011.  The average sales price increased by 9 percent,and the median sales price increased by 8 percent.  Market times decreased by 14 days the same as July 2011.

Polk County Homes Sold Average Sales Price Median Sales Price  Average Market Time
July 2012  693  $114,025  $96,990 102
July 2011 582  $103,511  $89,000 116

Now is the time to get your best price on an Orlando home, before the prices move upward. 

Access Teri’s one-stop Orlando FL home shopping website.

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.

Orlando FL Real Estate Market Trends – June 2012

July 31st, 2012 by tisner

As Americans, we celebrated Independence Day this month flocking to places like Mount Vernon, Monticello and Peacefield to learn and understand more about our country’s history and the men and women who shaped its future. The homes of founding fathers like George Washington, Thomas Jefferson and John Adams were more than shelter; they were places of respite, reflection and inspiration.

“Homeownership is an investment in our future, but it’s also a gateway to our past,” said National Association of Realtors President Moe Veissi, broker-owner of Veissi & Associates Inc., in Miami. “The homes of our country’s founders offer insights into their characters and values, and reflect the spirits of their owners, just as our homes do for us today.”

In some ways, historic homeowners bear little resemblance to the homeowners of today. George Washington inherited Mount Vernon when he was 20; only 4 percent of recent home buyers were between the ages of 18-24, according to the 2011 NAR Profile of Home Buyers and Sellers. John Adams was born in the house that would remain in the Adams family for four generations. Today, fewer than 3 percent of families in this country have received their primary residence as an inheritance, according to a recent Survey of Consumer Finances published by the Federal Reserve Board.

Women’s rights to own property in America’s early days were often based on their relationships with men, so it’s not surprising that many women today view homeownership as its own form of independence, with single women representing more than one-fifth of all home buyers in the current market.

Homeowners across U.S. history do share some common ground, of course. Most of the founding families lived out their lives close to where they were born, and the same is true today. The U.S. Census Bureau reports that nearly 60 percent of Americans currently live in the state in which they were born, and NAR research shows that the typical buyer moves only 12 miles from his or her previous residence.

“I am as happy nowhere else and in no other society, and all my wishes end, where I hope my days will end, at Monticello,” said Thomas Jefferson of his home. Although today’s economic environment has postponed homeownership for some, numerous surveys show that most Americans still aspire to homeownership. In the NAR Profile, a full 60 percent of recent first-time home buyers cited the desire to own a home of their own as the primary reason for purchasing a home.

Lets take a look at June sales figures in our local Orlando FL real estate markets.

Orange County Real Estate Sales Statistics – June 2012  

Orange County saw 96 less homes sold in June 2012 than 2011, a 6 percent decrease. The average sales price increased by 9 percent and the median sales price increased by 10% from June 2011.  Market times decreased by 13 days or 8 percent.  

Orange County Homes Sold Average Sales Price Median Sales Price Average Market Times 
June 2012  1,637  $178,061  $127,200 149
June 2011  1,733  $161,411  $115,000 16

 Osceola County Real Estate Sales Statistics – June 2012

Osceola County homes saw home sales decreased by 119 homes, a 19 percent decrease. Prices increased with the average sales price up 7 percent and the median price increased by 17 percent.  Market Times decreased by 18 days compared to June 2011.

Osceola County Homes Sold Average Sales Price Median Sales Price Average Market Times 
June 2012 493  $133,689  $109,000 154
June 2011 612  $124,052  $90,000 172

 Seminole County Real Estate Sales Statistics – June 2012

Seminole County residential sales increased by 14 percent with 90 more homes sold in June 2012. The averages sales price increased by 10 percent, and the median sales price increased by 8 percent compared to June 2011 levels. Market times decreased by 6 days or 4 percent.

Seminole County Homes Sold Average Sales Price Median Sales Price Average Market Time 
June 2012  628  $166,368  $130,000 152
June 2011 538  $149,841  $120,000 158

 Lake County Real Estate Sales Statistics – June 2012  

Residential sales in Lake County decreased with 5 less home sold a 1 percent decrease. The average sales price increased by 4 percent, while the median sales price increased by 6 percent during the same time period.  Market times increased by 3 days.

Lake County Homes Sold Average Sales Price Median Sales Price Average Market Time 
June 2012 406  $140,700  $123,750 190
June 2011 411  $135,438  $116,750  187

 Polk County Real Estate Sales Statistics – June 2012

Polk County saw 24 more home sold in June 2012 compared to 2011.  The average sales price increased by 16 percent,and the median sales price increased by 15 percent.  Market times decreased by 14 days the same as June 2011.

Polk County Homes Sold Average Sales Price Median Sales Price  Average Market Time
June 2012  693  $120,320  $100,000 164
June 2011 669  $100,841  $85,000 178

Now is the time to get your best price on an Orlando home, before the prices move upward. 

Access Teri’s one-stop Orlando FL home shopping website.

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.

Orlando Real Estate Market Trends – August 2011

September 26th, 2011 by tisner

A number of research studies have shown that home ownership provides social and societal benefits. Not only is home ownership one of the best ways to build long-term wealth, providing resources for a more comfortable retirement, but it also fosters an immeasurable sense of community and stability vital to growing families. NAR’s “Social Benefits of Homeownership and Stable Housing” report reveals that home owners are happier and healthier. They tend to vote more, volunteer more and contribute more to their neighborhoods. Home owners do not move as frequently as renters, which encourages more neighborhood stability, and children of home owners are more likely to participate in organized activities and spend less time in front of the television.

Now take a look at how the Orlando market performed in August.  

Orange County Real Estate Sales Statistics – August 2011  

Orange County saw 173 fewer homes sold in August 2011 than August 2010. A 10 percent decrease. The average sales price increased by 9 percent and the median sales price increased by 19% from August 2010.  Market times increased by 20 days or 20 percent.  

Orange County Homes Sold Average Sales Price Median Sales Price Average Market Times
Aug 2011  1,531  $154,748  $118,000  100
Aug 2010  1,704  $141,426  $95,000  80

 

Osceola County Real Estate Sales Statistics – August 2011

Osceola County homes saw home sales decrease by 173 homes, a 27 percent drop. Prices decreased with the average sales price down 12 percent. The median price decreased 2 percent.  Market Times increased by 24 days or 24 percent. 

Osceola County Homes Sold Average Sales Price Median Sales Price Average Market Times
Aug 2011  461  $113,627  $90,000  99
Aug 2010  634  $128,434  $91,500  75

Seminole County Real Estate Sales Statistics – August 2011

Seminole County residential sales increased by 7 percent with 39 more homes sold in August 2011. The averages sales increased 11 percent and the median sales price increased by 18 percent from August 2010 levels. Market times increased by 16 days or 16 percent. 

Seminole County Homes Sold Average Sales Price Median Sales Price Average Market Times
Aug 2011  565  $165,743  $130,000  101
Aug 2010  526  $147,083  $106,050  85

Lake County Real Estate Sales Statistics – August 2011  

Residential sales in Lake County increased with 67 additional homes sold for a 17 percent increase. The average sales price increased by 20 percent, and the median sales price decreased by 14 percent during the same time period.  Market times increased by 20 days or 14 percent.  

Lake County Homes Sold Average Sales Price Median Sales Price Average Market Times
Aug 2011  399  $118,642  $105,500  139
Aug 2010  332  $148,473  $122,000  119

Polk County Real Estate Sales Statistics – August 2011  

Polk County saw 22 fewer homes sold, a 3 percent decrease.  The average sales price increased by 1 percent, while the median sales price decreased by 7 percent. Market times increased by 25 days or 21 percent. 

Orange County Homes Sold Average Sales Price Median Sales Price Average Market Times
Aug 2011  626  $103,946  $82,070  120
Aug 2010  648  $102,869  $88,250  95

Now is the time to get your best price on an Orlando home, before the prices move upward.  

Access Teri’s one-stop Orlando FL home shopping website.

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.

Teri Isner, CIPS, CRS, GRI
Keller Williams At-The-Lakes
1170 Celebration Blvd
Suite 200
Celebration, Fl 34747

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