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Fixer Uppers, Foreclosures & Bank-Owned Totals in the Greater Orlando Florida area

By
Real Estate Agent with Beach & Luxury Realty, Inc

As many of you already know, I provide weekly updates of available Foreclosures (includeds bank-owned & short sales) as well as Fixer-uppers properties for Real Estate in the Greater Orlando area.  However, I do not usually provide the estimated totals in each category, so here they are as of 5/15/08:

Fixer-uppers priced at $250k and below - over 114 (to over 1,000 if you include "Sold-As-Is" properties).

Fixer-uppers priced at $251k and above - over 69 (to over 1,000 if you include "Sold-As-Is" properties). 

Foreclosures & Bank-owned priced at $250k and below - over 892 homes. 

Foreclosures & Bank-owned priced at $251k and above - over 520 homes.

*Please note that for those homes priced at $250k and below, I included only Orange County and Seminole County.  For those priced at $251k and above, I included Orange County, Seminole County, Lake County, Osceola County and Volusia County.  Additionally, this search should not include mobile homes.

If you have any questions about these reports or about the Greater Orlando Area in general, please don't hesitate to ask.

BLR Guy
BLRGUY(Beach & Luxury Realty Inc) - Saint Pete Beach, FL

Thanks Derek for the very useful information!I am a numbers guy,so I do appreciate it!

BLRGuy

May 17, 2008 09:13 AM
Cris Burlew
Beach & Luxury Realty, Inc. - Saint Pete Beach, FL
Broker ~ St Pete Beach FL Real Estate

Great information that everyone should pay attention to. Properties are selling in these price points, so seller's need to be realistic when pricing their homes and that includes the banks! Keep up the good work.

Jun 06, 2008 03:00 PM
Derek Noggle
Beach & Luxury Realty, Inc - Lake Mary, FL

Thanks BLRGuy and Cris.  In 2003-2005, it was hard to find a listing - let alone a distressed property.  In the neighborhood in which I currently have a listing and may soon have two more, I've seen homes drop from $250k last year to $190k because of the flood of distressed properties and high inventory.  Thank God the inventory has levelled off in the past 6 months.

Jun 10, 2008 04:32 AM