The central Florida real estate market is continuing to florish,
according to sales numbers contrasting this year from last year.

• 44% MORE sales have been made year to date over last year.
• 38% more homes sold in May this year than in 2008.

Driving this sales wave are the homes in "Special Circumstances":

• 51% of homes sold this year were bank owned or
  "distress sales". The Knights Team reports on these homes
  in city and community market reports every week.
• This has driven the median home price in central Florida
  down to $130,000.
• The median price for "normal" homes being sold is $165,000
  (Homes NOT being sold in distress situations), so home owners
  who sell their home and do not tap into their equity should make
  a good return on thier investment, assuming they have been in
  their home for around 5 years or more.

Pending sales are also WAY up over last year at this time:

• There are over 6,600 homes currently pending to close, as
  opposed to about 3,200 last May.
  
• 3,400 of those homes under contract in May of this year were
  put into agreements in that month alone, which is a forward
  looking indicator of an further imporoving of the central Florida
  real estate market.

The first time homebuyer affordability index is WAY over 100%, which means any person making the reported median state income of $35,600 or more can purchase a home from the over 6,500 homes advertized in the regional central Florida MLS for $155,000 or less.

The Knights Team has contact information that can get you money for a downpayment and closing costs that you DO NOT PAY BACK. Just contact us for more information (guidelines and rules apply, ask for more information).

Knowing what to expect from The Knights Team is important....
here is a link to tell you what we are all about.

Knowing what we expect from you as a client is important also......
here is the link to see.

To get FREE access to the Orlando and central Florida MLS to see current
homes for sale, just click on this link!

This Lake Nona Market Report
is brought to you by:

Alexander Harb PSEM®, E-Agent®
The Knights Team Sales leader

Beach and Luxury Realty Inc.

  Just click on any of these links
to find the type of help you need.

Buying, selling or just searching, 
The Knights Team has what 
you are looking for!