Orlando Sales Numbers 05/30/2008 - 05/30/08 01:42 PM
The day is not finished, and we have broken the 1,000 sales mark for the month of May. There will probably be another 200 sales posted in the MLS. With the 1,041 closed sales in the books so far, the median sales price is actually just a tad higher than April … (4 comments)
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New Listing in Winter Park and Some Sales Numbers - 05/29/08 01:31 PM
Check back at www.RealEstateOptimist.com later today to check out my new listing in Winter Park. This is a deal you are not going to want to miss if you are in the market for a condo. The last sale in this complex was about a year ago, and closed for $195,000. This … (0 comments)
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Orlando Real Estate Sales in May - 05/28/08 11:50 AM
With just a couple of days left to close out May, there are 882 closed sales with a median sales price of $210,310. The number of pending sales has cracked the 3,400 mark, and new contracts written this month stand at 1,737 which is slightly ahead of April's pace. Properties categorized … (0 comments)
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What are prices going to do? - 05/27/08 12:20 PM
I have been hearing a lot of speculation on this particular question. Everyone has an opinion, and the facts underlying those opinions vary by location. First, national statistics may or may not reflect you local economy. Even state statistics may not have much bearing on your local situation. My market is … (0 comments)
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Orlando Sentinel Article 05/27/2008 - 05/27/08 06:45 AM
They must have been reading my blog. The Orlando Sentinel actually has a positive article about the local real estate market today, and it is even on the front page. http://www.orlandosentinel.com/business/orl-firsthome2508may27,0,2193812.story
It actually has a lot of the information I have been commenting on for some time now. Rates are low, … (0 comments)
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Orlando Sentinel Article 05/23/2008 - 05/23/08 07:49 AM
The headline reads "Hope dims for a turnaround..." in today's Orlando Sentinel. That sounds awfully dire, for a market that has seen price appreciation of 50% over a three year period. This is not the best time to be a seller, if you purchased in the last two years. If you have … (3 comments)
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Social Networking a la Facebook - 05/21/08 12:30 PM
I have a Point 2 NLS website, and one of the places that my listings are syndicated through NLS is Facebook. I figured as long as I have a Facebook page, I should use it. Last week I had my first (hopefully of many) Facebook showings. I have had internet leads … (8 comments)
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Early Numbers for May - 05/20/08 04:03 PM
Here are some early numbers for May. Inventory of homes available remains fairly stable but down a little to 26,960. Pending Sales continue to climb and sit at 3,319 as of today. New contracts this month is ahead of new contracts for the same period last month. They stand at 1, … (2 comments)
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Orlando Unemployment Numbers Improve Slightly - 05/16/08 01:43 PM
That is not the headline in the Orlando Sentinel today. They took a more negative approach to basically good news for the Orlando area. Their headline reads "Weak economy continues to affect Orlando area unemployment rate". While the unemployment rate in Orlando is about 1% higher than it was last year, … (0 comments)
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Florida Home Sales - 05/14/08 07:24 AM
The Orlando Sentinel reported Florida existing home sales numbers today. You can read the whole article here http://www.topix.net/forum/source/orlando-sentinel/T8CQM4N4E23S2VLQ2#lastPost.
They actually used the words "Good news" to refer to Orlando real estate sales. The numbers reported for the first quarter were still down from last year by 31%, but Orlando was second … (0 comments)
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The Experts Have Spoken - 05/13/08 08:21 AM
In search of expert opinions regarding the Orlando real estate market, the Orlando Sentinel found two experts in their fields. A coffee shop owner in Mount Dora a rural community outside Orlando in Lake county says it will take "five to seven years" for the market to get back to normal. If … (1 comments)
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April "Official" Numbers - 05/12/08 10:30 AM
Well, the official numbers are in as reported in the Orlando Sentinel this morning. You can link to the article "Orlando-area home sales see improvement". The numbers being reported are pretty consistent with those that I have been estimating in my recent Orlando Real Estate blogs.
The number of sales at … (4 comments)
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Home Sales Still On The Rise in Orlando - 05/10/08 03:47 PM
I am wwwRealEstateOptimist.com, so obviously I look at the real estate glass as half full. I have to say, that there are a lot of good signs in our local market. I go back to September of 2007 when sales dropped below 1,000 for the first time. We bounced along the … (5 comments)
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Coldwell Banker of Central Florida Reports Increased Sales - 05/08/08 06:32 AM
Coldwell Banker of Central Florida reported, in the Orlando Sentinel today, their best sales month since March of 2007. They reported 520 sales transaction sides in April compared with 502 in March of last year.
http://www.orlandosentinel.com/business/orl-realestate0808may08,0,998093.story
This is just more evidence of what I have been saying in my Orlando Real Estate blog. … (6 comments)
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Pending Sales National Numbers - 05/07/08 08:49 AM
The expectation is that pending sales for existing homes in March will be down. That report is due out today for the nation. While real estate markets around the country and the world do have an effect on our local market, real estate is far more dependent on local economics. Certainly, if someone … (4 comments)
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Zillow Numbers Released Today - 05/06/08 02:53 PM
Zillow numbers came out, and the Orlando Sentinel jumped on the "bad news". They tried to make Zillow sound like they are some kind of authority on real estate values. They have an algorithm that estimates values based upon publicly available information. I will say that there are times when the … (0 comments)
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Orlando Real Estate Statistics 05/06/08 - 05/06/08 01:36 PM
Our local newspaper has now decided that Zillow.com is the source for real estate information. Click below to see the article, and make sure you read the comments people have posted. There are 100 responses to this article today so far. I had several responses to my comment, and quite a … (0 comments)
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Orlando Real Estate Statistics - 05/05/08 03:17 PM
Well today is the day that the association statistician cuts off the data coming in. I hope everyone has registered their sales from April. I have a feeling folks are getting things in the MLS in a more timely manner. As of today there were 1,161 closed sales for April that is … (3 comments)
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Commuter Rail Dies a Slow Painful Death - 05/03/08 02:37 PM
Unfortunately, this is one of those cases where politics over powered good sense. We have so many legsilators here in Central Florida who have worked to get this through, but some other Senators saw this as just a "nice to have" when it is a real need. The day this died … (2 comments)
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Orlando Real Estate Statistics 5/1/2008 - 05/01/08 11:36 AM
April saw yet more improvement in sales numbers. So far there are 1,079 closed sales reported for April with five days remaining for sales to be reported in the MLS. I typically see a couple hundred input after the close of the month. So we should see more than 1,200 closed … (0 comments)
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