Central Florida Real Estate Happenings -- The 4 county area statistics for January 2008

The statistics for last month show many owners of
central Florida real estatewaited till the holidays
were over to put homes on the market or re-list
homes for sale. Historically this always happens, but
there are some interesting things to look at:

• The median home price has continued to decline
  and last month it declined by over $2700.00 from
  $225,000.00 to $222,250.00. That is not good for
  sellers, but it is GREAT for buyers.
• Along with the median property price decline, the
  home affordability index is over 100%. Specifically,
  it is at 104% Which means at the median take
  home pay of central Floridians who are making
  at least $51,000 per yer, EVERYONE can afford 
  to purchase a home! And that is GREAT NEWS!!
• The first time buyer affordability index rose also
  to 74.6%. Things are getting better and better
  out there!!
• The number of homes under contract rose by 200
  month to month, showing that activity is increasing.
• The average interest rate on a 30 year fixed rate
  mortgage was 5.6%, continuing a downward trend
  started in August of 6.6%..... EVERYTHING is LOOKING
  GOOD!

Here is what properties sold in Lake, Orange, Osceola, and Seminole
counties, giving the price ranges for each:

This is what is currently for sale in Lake, Orange, Osceola, and
Seminole counties and the price ranges for each --
I'm sure there is a price range right for YOU!

Here is the list of Condominiums for sale in Lake, Orange,
Osceola and Seminole Counties..... there is a price range right for you!

• $1 - $49,999 --28 Condominiums for sale

• $50 - $59,999 --15 Condominiums for sale

• $60 - $69,999 --28 Condominiums for sale

• $70 - $79,999 --70 Condominiums for sale

• $80 - $89,999 --84 Condominiums for sale

• $90 - $99,999 --117 Condominiums for sale

• $100 - $119,999 --281 Condominiums for sale

• $120 - $139,999 --552 Condominiums for sale

• $140 - $159,999 --539 Condominiums for sale

• $160 - $179,999 --510 Condominiums for sale

• $180 - $199,999 --392 Condominiums for sale

• $200 - $249,999 --567 Condominiums for sale

• $250 - $299,999 --308 Condominiums for sale

• $300 - $349,999 --155 Condominiums for sale

• $350 - $399,999 --138 Condominiums for sale

• $400 - $499,999 --137 Condominiums for sale

• $500 - $599,999 --70 Condominiums for sale

• $600 - $699,999 --46 Condominiums for sale

• $700 - $799,999 --41 Condominiums for sale

• $800 - $899,999 --26 Condominiums for sale

• $900 - $999,999 --21 Condominiums for sale

• $1,000,000 and over --59 Condominiums for sale

Here is the list of Villas, Townhouses, and Duplexes for sale in
Lake, Orange, Osceola and Seminole Counties......

(INVESTORS should be VERY interested in these numbers): 

As you can see, there is a single family home, townhouse, condominium,
villa or duplex within your price range. With OVER 25,000 homes for sale in the
4 county central Florida real estate area, there is a perfect home for you!

This timely post on the central florida real estate
marketplace is brought to you by:

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

Beach and Luxury Realty Inc.