Special offer

Orlando, FL Real Estate News

By Walter DiLoreto, Real Estate Short Sale Specialist
(PHP Houses)
If you’ve got a move on your mind, you may be wondering whether you should wait to sell until mortgage rates come down before you spring into action. Here’s some information that could help answer that question for you.In the housing market, there’s a longstanding relationship between mortgage rates and buyer demand. Typically, the higher rates are, you’ll see lower buyer demand. That’s because some people who want to move will be hesitant to take on a higher mortgage rate for their next home. So, they decide to wait it out and put their plans on hold.But when rates start to come down, things change. It goes from limited or weak demand to good or strong demand. That’s because a big portion of the buyers who sat on the sidelines when rates were higher are going to jump back in and make t...
Comments 6
By Richard Carpentieri, GRI, ABR, PRM, e-PRO
(Keller Williams Realty)
Bay Lakes at Granada is located in the Dr Phillips section of the Orlando real estate market.  There has been 8 single family houses sold in 2007.  They sold for prices ranging from $300,000 to $390,000 with 7 of them having pools and they ranged in size from 1,577 square feet to 2,000 square feet with the last one closing on 9/21/07.  They took an average of 115 days before they sold. There is presently 1 house that is pending closing.  The asking price for this house is $325,000 and it is 2,294 square feet.  It also has a pool.There are 8 houses on the market.  They range in size from 1,703 square feet to 2,114 square feet with asking prices from $299,000 to $385,000 and 4 of them also have pools.Considering the amount of houses sold in 2007, the saturation rate, (the amount of time i...
Comments 0
  Good news for Orlando... Forbes has ranked Orlando the 9th Fastest Growing Large Metro City in the Country.  According to Global Insight, Orlando is expected to have 2.9% annual job growth between 2007-2012, leading the Country in a tie for first place with McAllen-Edinburg-Mission, Texas.  The continued job growth and influx of new residents will have positive effects on the housing market over the next few years.   Considering a Move to Central Florida?Do you want to  Buy or Sell a home?Contact Debbie Summers, REALTOR®, ALHS, e-PRO, RE/MAX Central RealtyPlease contact Cas and Debbie for all of your real estate needs in Seminole County, Lake Mary, Sanford, Longwood, Altamonte Springs, Casselberry, Winter Springs, Oviedo, Winter Park, Maitland, Apopka and Orlando. 407-758-1020 or Debb...
Comments 0
By Richard Carpentieri, GRI, ABR, PRM, e-PRO
(Keller Williams Realty)
South Bay is located in the Dr Phillips section of the Orlando real estate market.  There have been 2 single family houses sold in the 4th quarter of 2007.  They sold for $600,000 and $625,000 and they were 3,003 square feet and 3,300 square feet with both of them having pools.  They took an average of 133 days before they sold. There is presently 1 house that is pending closing.  The asking price for this house is $550 and it is 3,603 square.There are a total of 5 houses on the market.  They range in size from 2,351 square feet to 5,071 square feet with asking prices ranging from $549,900 to $1,425,000 and 4 of them have pools.  Out of the5 houses that are up for sale, 3 of them are priced at $675,000 or lower.Considering the amount of houses sold in the 4th quarter of 2007, the satura...
Comments 0
By Carey Light, Light Team of Wemert Group Realty
(Wemert Group Realty)
AS A RESIDENT OF THE GROWING LAKE NONA/MOSS PARK AREA, I am so excited about the development of the Medical City, the new State-of-the Art High School, and the plans for upscale dining and shopping at Nona Park.NONA PARKNona Park will open this fall with 22,000 square feet of specialty retail space.  Lease information can be obtained by calling Michael Shaffer at 407-628-0027.  Nona Park will be located on the southwest quadrant of Narcoossee Rd. and the future Alafaya Trail Extension.  Nona Park's location will offer easy access to major highways including the 528 (Beachline) and the 417 (Greenway).  Nona Park will be located within the the Lake Nona area in Southeast Orlando just 5 minutes from Orlando International Airport.  Future plans for the development include upscale dining, ho...
Comments 3
By Richard Carpentieri, GRI, ABR, PRM, e-PRO
(Keller Williams Realty)
Bay Hill is located in the Dr Phillips section of the Orlando real estate market.  There has been 0 single family houses sold in the 4th quarter of 2007. There are presently 3 houses that are pending closing.  The asking prices for these houses range from $499,900 to $749,900 and they range in size from 2,778 square feet to 3,638 square feet with all of them having pools.There are a total of 30 houses on the market.  They range in size from 2,208 square feet to 7,025 square feet with asking prices ranging from $449,000 to $2,649,000 and 26 of them have pools.  Out of the30 houses that are up for sale, 15 of them are priced at $700,000 or lower.Considering the amount of houses sold in the 4th quarter of 2007, the saturation rate, (the amount of time it will take to sell all of the houses...
Comments 0
By Richard Carpentieri, GRI, ABR, PRM, e-PRO
(Keller Williams Realty)
Bay Hill Village is located in the Dr Phillips section of the Orlando real estate market.  There have been 5 single family houses sold in 2007.  They sold for prices ranging from $427,000 to $590,000 with and average of $512,400 and they ranged in size from 2,332 square feet to 2,720 square.  They took an average of 74 days before they sold. There is presently 1 house that is pending closing.  It is 2,551 square feet and the asking price is $489,500.There are 3 houses on the market.  They range in size from 2,238 square feet to 2,462 square feet with asking prices of $489,500 to $849,900.Considering the amount of houses sold in 2007, the saturation rate, (the amount of time it will take to sell all of the houses in a specific area assuming that no other houses are listed in that area) w...
Comments 0
By Richard Carpentieri, GRI, ABR, PRM, e-PRO
(Keller Williams Realty)
Clubhouse Estates is located in the Dr Phillips section of the Orlando real estate market.  There has been 3 single family houses sold in 2007.  They sold for prices ranging from $259,000 to $333,500 with and average of $294,166 and they ranged in size from 1,653 square feet to 2,100 square.  They took an average of 90 days before they sold. There are presently 0 houses that are pending closing.  There are 6 houses on the market.  They range in size from 1,523 square feet to 2,290 square feet with asking prices of $250,000 to $325,000 with 3 of them having pools.Considering the amount of houses sold in 2007, the saturation rate, (the amount of time it will take to sell all of the houses in a specific area assuming that no other houses are listed in that area) will be 24 months.  This is...
Comments 0
By Richard Carpentieri, GRI, ABR, PRM, e-PRO
(Keller Williams Realty)
Bay Park is located in the Dr Phillips section of the Orlando real estate market.  There has been 2 single family houses sold in 2007.  They sold for $430,000 and $485,000 and they were 2,509 square feet and 2,701 square feet with both of them having pools.  They took an average of 78 days before they sold. There is presently 1 house that is pending closing.  The asking price for this house is $349,900 and it is 2,346 square feet.  It also has a pool.There is 1 house on the market.  It is 2,698 square feet with an asking price of  $489,000 and it also has a pool.Considering the amount of houses sold in the 4th quarter of 2007, the saturation rate, (the amount of time it will take to sell all of the houses in a specific area assuming that no other houses are listed in that area) will be ...
Comments 0
By Richard Carpentieri, GRI, ABR, PRM, e-PRO
(Keller Williams Realty)
Sand Lake Hills is located in the Dr Phillips section of the Orlando real estate market.  There has been 5 single family houses sold in the 4th quarter of 2007.  They sold for prices ranging from $205,000 to $335,000 with an average sale price of $290,800 and they ranged in size from 1,653 square feet to 2,694 square feet with 2 of them having pools.  They took an average of 71 days before they sold. There are presently 3 houses that are pending closing.  The asking prices for these houses range from $200,000 to $235,000 and they rang in size form 1,629 square feet to 1,788 square feet.  Two of these houses have pools.There are a total of 23 houses on the market.  They range in size from 1,818 square feet to 2,880 square feet with asking prices ranging from $247,900 to $499,900 with 14 ...
Comments 0
By Jerry LaRose, Waterford Lakes, Avalon Park Fl. Realtor
(Keller Williams classic Realty)
The Waterford Lakes Area is ideally located near many Central Florida attractions, amenities, and top employers. An easy commute of approximately 30 minutes may place you at Cocoa Beach, downtown Orlando, Kennedy Space Center, Universal Studios, or Walt Disney World.Waterford Lakes Town Center features such retailers as Super Target, Best Buy, and Barnes & Noble as well as over 100 specialty shops. Across the street from the Town Center is another shopping area called The Towers which is anchored by Home Depot, Circuit City, Kohls and Sports Authority. Shopping, dining, and entertainment made easy.East Orlando employers include: University of Central Florida, Siemens Westinghouse Power Corp., Lockheed Martin, Florida Hospital East Orlando, Orlando International Airport, and Research Pa...
Comments 2
By Richard Carpentieri, GRI, ABR, PRM, e-PRO
(Keller Williams Realty)
Winderlakes is located off of Dr Phillips Blvd in the Dr Phillips section of the Orlando real estate market.  There has been 2 single family houses sold in 2007.  They sold for $355,000 and $400,000 and they were 2,059 square feet and 2,471 square feet with one of them having a pool.  They took an average of 115 days before they sold. There are presently 2 houses that are pending closing.  The asking prices for these houses are $310,000 and $345,000 and they are 1,700 square feet and 2,188 square feet.There are a total of 4 houses on the market.  They range in size from 1,718 square feet to 3,659 square feet with asking prices ranging from $298,500 to $550,000.  Out of the 4 houses that are up for sale, 3 of them are priced at $350,000 or lower.Considering the amount of houses sold in t...
Comments 0
By Richard Carpentieri, GRI, ABR, PRM, e-PRO
(Keller Williams Realty)
Hidden Estates is located off of Dr Phillips Blvd in the Dr Phillips section of the Orlando real estate market.  There has been 2 single family houses sold in 2007.  They sold for $379,000 and $386,000 with an average sale price of $382,500 and they were 2,276 square feet and 2,535 square feet.  They took an average of 150 days before they sold. There are presently 0 houses that are pending closing.  There are 0 houses on the market.  Considering the amount of houses sold in 2007, the saturation rate, (the amount of time it will take to sell all of the houses in a specific area assuming that no other houses are listed in that area) can't be calculated since there are no houses on the market.If any additional information is required either log onto http://www.flatfeerealty.info/ and fill...
Comments 1
By Richard Carpentieri, GRI, ABR, PRM, e-PRO
(Keller Williams Realty)
Sandy Springs is located off of Dr Phillips Blvd in the Dr Phillips section of the Orlando real estate market.  There has been 0 single family houses sold in 2007. There are presently 0 houses that are pending closing.  There are 0 houses on the market.  Considering the amount of houses sold in 2007, the saturation rate, (the amount of time it will take to sell all of the houses in a specific area assuming that no other houses are listed in that area) can't be determined due to the fact no houses were sold.If any additional information is required either log onto http://www.flatfeerealty.info/ and fill out the contact us or call 321-766-7176.
Comments 0
By Richard Carpentieri, GRI, ABR, PRM, e-PRO
(Keller Williams Realty)
Orange Tree Country Club is located off of Dr Phillips Blvd in the Dr Phillips section of the Orlando real estate market.  There has been 3 single family houses sold in the 4th quarter of 2007.  They sold for prices ranging from $312,000 to $410,000 with an average sale price of $345,666 and they ranged in size from 1,637 square feet to 2,003 square feet with one of them having a pool.  They took an average of 131 days before they sold. There are presently 2 houses that are pending closing.  The asking prices for these houses are $425,000 and $569,500 and they are 2,064 square feet and 2,933 square feet.There are a total of 18 houses on the market.  They range in size from 1,484 square feet to 3,200 square feet with asking prices ranging from $319,000 to $565,000 and 12 of them have poo...
Comments 0
By Jerry LaRose, Orlando, Windermere FL. Real Estate, ABR, GRI, e-PRO, CLHMS
(Orlando Realty Partners)
Orlando Bankruptcy - About the author: Jerry LaRose is an Orlando Area Residential Real Estate Expert, who can assist you with the purchase and/or sale of real estate in Orlando, Windermere, Winter Garden Florida or any place in the country. Jerry has created a team of professionals throughout Orlando and the country to ensure that you enjoy a smooth transition to your new area. Please visit www.JerrySellsOrlando.com for your real estate needs. Please give me a call if you have questions about the Orlando and Central Florida real estate market. Jerry LaRose, P.A., ABR, GRI, e-PRO, CLHMS, REALTOR® 407-580-7011 (Copyright © 2008 By Jerry LaRose, P.A. All Rights Reserved.)
Comments 0
By Richard Carpentieri, GRI, ABR, PRM, e-PRO
(Keller Williams Realty)
Hidden Springs is located off of Dr Phillips Blvd in the Dr Phillips section of the Orlando real estate market.  There has been 5 single family houses sold in the 4th quarter of 2007.  They sold for prices ranging from $335,000 to $435,000 with an average sale price of $362,350 and they ranged in size from 1,880 square feet to 2,530 square feet with all of them having pools.  They took an average of 164 days before they sold. There are presently 2 houses that are pending closing.  The asking prices for these houses range from $281,900 to $330,000 and they range in size from 1,906 square feet to 1,948 square feet.There are a total of 6 houses on the market.  They range in size from 1,871 square feet to 2,224 square feet with asking prices ranging from $299,900 to $389,900 and five of the...
Comments 0
By Jerry LaRose, ABR, GRI, e-PRO, CLHMS
(Keller Williams Classic Realty)
 I've recent some inquires lately as to exactly what is a short sale. Well, below is straight from the Encylopedia. Hope it helps.  In real estate, a short sale refers to the sale of a property in which the sale price is insufficient to pay off all encumbrances and pay the expenses of sale. If the lender is convinced that the owner, for various reasons, is unable to continue making the payments the lender will often agree to take less than the full amount owed to allow the sale to close escrow. The incentive for the bank to approve a short sale is to have the property sell before the loan becomes a problem account on their books. This Process may be difficult to believe but it is a definite possibility. As stated below there are hoops to jump through. Banks are willing to allow individu...
Comments 0
By Jerry LaRose, Orlando, Windermere FL. Real Estate, ABR, GRI, e-PRO, CLHMS
(Orlando Realty Partners)
I've recent some inquires lately as to exactly what is a short sale. Well, below is straight from the Encylopedia. Hope it helps. In real estate, a short sale refers to the sale of a property in which the sale price is insufficient to pay off all encumbrances and pay the expenses of sale. If the lender is convinced that the owner, for various reasons, is unable to continue making the payments the lender will often agree to take less than the full amount owed to allow the sale to close escrow. The incentive for the bank to approve a short sale is to have the property sell before the loan becomes a problem account on their books. This Process may be difficult to believe but it is a definite possibility. As stated below there are hoops to jump through. Banks are willing to allow individua...
Comments 0
By Jerry LaRose, ABR, GRI, e-PRO, CLHMS
(Keller Williams Classic Realty)
One of the most common forms of buydown in use today is the 3-2-1 interest rate buydown. This is a temporary buydown, which would reduce the buyer's overall interest rate by 3% in year 1, 2% in year 2 and 1 % in year 3. This buydown can reduce the buyer's payments by up to $200 in the first year, $100 in the second year and $50 in the third year. The $200 per month reduction in payments is equivalent to giving the buyer an $800 raise in income for loan qualification purposes. It will increase the effective income ratio from 28% to approximately 38% for the buyer. Probably more importantly, it gives the buyer time to build up to the higher payments. The cost to the homebuilder or seller to provide the 3-2-1 interest rate buydown is approximately 5% of the sale price. Since many builders...
Comments 0
By Jerry LaRose, Orlando, Windermere FL. Real Estate, ABR, GRI, e-PRO, CLHMS
(Orlando Realty Partners)
Below are some of the absolute Best Priced Homes in the Orlando Area. Two homes are in the highly sought after community of Windermere. One is located in Winter Garden Florida and the three others are in Orlando. There is also a Lakefront property for $499,900. This is a spectacular deal for a new home on East Lake Toho. Please feel free to give me a call at 407-580-7011 and don't forget to visit my Website at http://www.JerrySellsOrlando.com
Comments 0
Explore Orlando, FL
Orlando, FL Real Estate Professionals