CENTRAL FLORIDA MARKET TRENDS

Dated: 07/07/2017

Views: 132

MARKET TRENDS 


I find that both buyers and sellers are always surprised to hear whats going on in the market. Many people feel informed by whats going on in the Sunday news and while that information is always great its rarely localized to an immediate area.  Its important to stay as informed as possible when you enter the marketplace. When we go to the grocery store and suddenly see the price of eggs go up we want to know what the heck is going on. The same applies to home buying and selling. 


The Central Florida housing market has always been a fast moving one especially when compared to the national average. There are many factors that aid this general trend and I have found that one of the bigger factors is we often have a lot more people entering the state as new residents on a regular basis. Lets face it while Oklahoma is a great place not many are running to settle down there and enjoy it's beaches, theme parks and national preserves. Again not bashing Oklahoma its a GREAT place, but so many people come to Florida to vacation and decide they just don't want to leave.


Here are some of the numbers to keep you informed on Central Florida Real Estate


Illustrated below are some really and several things REALLY stand out. In the past 12 months the median price has increased 7% overall and that means that the $200,000 home thought about last summer is generally at or above $215,000 now. As you can also see the number of distressed sales (foreclosures and short sales) is down just about 50% so that means no more FIRE SALES that so many people looked for a few months ago.  Then we see some very interesting trends in the condo market. Condo sales are finally seeing a long awaited upward trend and its a big one! Condo median sale prices are up 22% overall AND to go right along with that figure inventory is down 22%. So when searching for that vacation beach getaway there is a lot less to choose from. 
Image title


Overall the Central Florida Real Estate is looking GREAT. Keep in mind that OrlandoRealtor.org current data indicates year to date that new inventory is down -19% while new contracts or pending sales are up +21% and approximately 30% of all new listings went pending in under 7 days and a total of 50% of all listings are pending sale with in 3 weeks.  


So hit the ground running with this up to date info in hand! Stop by and like my Facebook page for ongoing info as well @daniellecalabreserealtor


Want to Advertise on this Site?

Latest Blog Posts

HUD Homes Allows Florida Buyers Only 100 Dollars Down Payment To Buy

Is your dream to own your own home in the #Orlando market?  Are limited funds for a down payment holding you back?  There IS a solution to this dilemma.  If you buy a HUD Home

Read More

Create Your Own Farm With This Osteen Home For Sale With 12 Acres

Want to get away from the hustle and bustle? Look no further than this listing right here is Osteen! This 12 acre spread could be perfect for your weekend getaway. There are two dwellings on the

Read More

Are There Home Buying Incentives For You

Purchasing your first home can be a thrilling journey, and an incentive can help to lessen the burden. To qualify for this incentive, you don't need a massive pile of cash in the bank for a down

Read More

Sanford Three Bedroom You Can Buy For Just A 100 Down Payment Hud Home

You read that correctly!  You can buy this home with just a $100.00 down payment!   Great investment opportunity! Are you looking for that perfect affordable home in?

Read More