orlando real estate statistics: Orlando Real Estate Sales May 2010
- 06/02/10 01:23 AM
These numbers are preliminary, but I would not expect them to change too much in the next few days. First, sales were still very strong last month with around 3,600 new contracts written on pending and closed sales. There have been 2,474 sales posted so far, but that will likely go up by a another 200 or so. The median price of those sales was $115,000 which is a slight increase from the last few months of $110,000. Of the closed sales 1,225 were cash deals continuing the trend of about half of all sales coming in as cash transactions. I … (1 comments)
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orlando real estate statistics: Orlando Home Sales April 2010
- 05/07/10 02:22 AM
These are my final numbers for the month of April, and I think we may be starting to see just a wee bit of a change. The active inventory is actually down a few hundred homes, probably a result of the last minute push to take advantage of the expiring tax credit. Today Orlando Realtors have 15,689 homes listed including 1,741 bank owned and 5,601 short sales, representing 11.1% and 35.7% of the inventory respectively. Both the number and percentage of distressed properties are on the lower side of what we have been seeing for several months. Pending sales remain very … (0 comments)
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orlando real estate statistics: Orlando Real Estate Latest April Statistics
- 04/25/10 01:28 AM
I mentioned in my blog on Friday that lending may be loosening up a bit here in Florida with the return of 95% LTV (loan to value) conventional financing returning. If financing becomes more accessible, we may start to see some really good numbers. As it is right now, sales have picked up considerably in the last two months. March saw over 2,600 sales with a median price around $110,000. So far in April 1,469 sales have been posted and with Friday being the 30th look for a lot more to close this week. I am still expecting at least 2,400 … (1 comments)
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orlando real estate statistics: Cash is Still King in Orlando Real Estate
- 04/08/10 07:58 AM
Well here are my final March numbers. The official numbers will be released around the 20th, and they should look something like this. Active listings remain pretty steady with 16,350 of which 11.9% or 1,941 were bank owned, and 5,998 or 36.7% were short sales. Altogether, 48.6% of the active listings are distressed properties. Distressed properties make their biggest impact in the pending sales. Currently, there are (are you sitting down?) 10,307 pending sales in the Orlando marketplace. 2,177 or 21.1% are REO's and a whopping 62% or 6,392 are short sales. They combine for a total of 83.1% distressed properties … (2 comments)
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orlando real estate statistics: Orlando Real Estate Sales Have Sprung
- 03/20/10 11:48 AM
Real estate has been anything but normal here in Orlando since about 2003. I still am stopping short of saying things are back to normal, but the Spring selling season seems to be back. In 2004-2005 everything sold all the time. By the end of 2006-2008 nothing seemed to sell. In 2009 prices dropped and sales shot up significantly. Now in 2010, after nearly a year of stable inventory sales trends seem to reflect the typical seasonal trends. Things slowed down a little bit in January and February while sales appear to be picking up (and new listings) so far in … (0 comments)
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orlando real estate statistics: Falling Prices
- 03/01/10 12:51 AM
You have to love the experts that predict that prices have already fallen. I would guess a lot of people do not read articles very critically that they find in the paper (if anyone still reads the paper) or online. This article was just on Yahoo real estate http://realestate.yahoo.com/promo/duck-watch-out-for-falling-home-prices from CNNMoney.com. I cannot comment on the particular markets highlighted in the article, but I pulled up the numbers for Orlando. They show a median price for the third quarter of 2009 of $168,000, and I assume that is an annual number. The monthly median prices that I track were already in … (1 comments)
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orlando real estate statistics: Orlando Real Estate Distressed Sales Numbers 02/22/2010
- 02/22/10 08:06 AM
Currently, there are 16,216 active listings in the Orlando marketplace with 1,776 bank owned and 6,056 short sales making up 48.3% of the active inventory. That is a pretty big chunk of the market, but pales in comparison to the percentage of pending and closed sales so far this month. The good news is that pending sales are going through the roof with 9,467. The not so hot news is that 83.2% of the pending sales are distressed with 1,876 REO's and 6,002 short sales. The number of closed sales so far is 1,043 suggesting a pretty good month for the … (0 comments)
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orlando real estate statistics: Orlando Real Estate Sales January 2010
- 02/01/10 04:43 AM
Ok, these may not be the best numbers in the world, but they could be worse considering the weather. These numbers are so off compared to the last several months, I am concluding the weather had an impact on sales. Since March of 2009 our prices have been in the range of $125,000 and $135,000. January took quite a tumble with a median price of $105,000 on 1,498 closed sales. I believe the number of sales will end up closer to 1,800 which is also off from the 2,000+ that we have had each month since June of last year. All … (2 comments)
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orlando real estate statistics: Orlando Real Estate Statistics December 2009
- 01/06/10 11:34 PM
Active and pending listings dropped to 15,707 and 8,110 respectively while closed sales continued a seven month streak of better than 2,000 closed sales. So far 2,228 sales were posted for December 2009 with a median sales price of $124,000. That sales price marks nine months of relatively stable prices and an uptick from November. Distressed properties continue make up a sizable percentage with 47.4% of the active listings. Of that 5,830 are short sales and 1,620 are bank owned properties. The number of REO's has nearly doubled since the summer. Distressed properties make up an even larger percentage of pending … (2 comments)
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orlando real estate statistics: Orlando Real Estate Sales December 28, 2009
- 12/28/09 07:46 AM
Well, 2009 is just about behind us and we really saw a significant transition and stabilization in our marketplace here in Orlando. Prices fell significantly through the first quarter of the year until sales picked up to a pace great enough to absorb excess inventory. At the beginning of 2009 we had about a 24 month supply of homes available for sale. As we wrap things up that number is hovering just under an 8 month supply. Two things impacted this number; the inventory dropped from 24,000 to 16,202 as of today, and the monthly sales pace rocketed from about 1,000 … (0 comments)
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orlando real estate statistics: Orlando Real Estate Sales November 2009 (preview)
- 12/09/09 01:17 AM
The official numbers will come out tomorrow, but here are my estimates of how they will look. Inventory is actually up just slightly to 16,174. Since sales and the number of new contracts continue to do very well, it looks like new listings have gone up a bit. I think REO properties account for some of this since they have grown to 1,444 or almost 9% of the total. Short sales continue to account for a significant piece of the active listings and pending sales with 5,918 or 36.6% of the current inventory. The pending sales have actually gone down from … (0 comments)
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orlando real estate statistics: It's Easy to Be a Pessimist
- 11/16/09 12:59 AM
I titled my blog Real Estate Optimist for a couple of reasons. First, the obvious one is that I sell real estate. I became convinced that I wanted to have a career in real estate in graduate school at Rollins College. In one of my Investments classes we discussed a study the University of Chicago conducted analyzing all types of investments along what is called the efficient frontier. The efficient frontier is a curve that defines the optimum portfolio return for a given level of risk. The only investment found to be in every efficient portfolio was...wait for it...wait for it...real … (0 comments)
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orlando real estate statistics: Orlando Homes Sales Remain Stable in October
- 11/02/09 10:33 PM
October closed out our fifth month in a row with over 2,000 closed sales. So far 2,004 have been posted for the month with a median sales price of $130,500. We have been hovering around $130,000 for seven months now ranging between $125,000 and $135,000. Of the 2,004 closes sales 832 or 41.5% were bank owned, almost 21% were short sales with 415 and the remaining 757 were "normal" sales. As usual we are seeing a pretty big difference in the median prices of these three groups. REO's came in at $80,000 while short sales were just under the over all … (0 comments)
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orlando real estate statistics: Orlando October Real Estate Sales So Far
- 10/13/09 01:57 AM
Active listings in Orlando remain basically unchanged with 16,045 homes on the market. There are 1,292 REO's or about 8% of the total active listings, and 5,385 short sales or about 34%. Pending sales continue to climb with 8,968 properties under contract. Over half are short sales with 4,972 or 55% being identified as being in a short sale situation and another 19% or 1,723 are bank owned. Closed sales so far indicate another good month with 490 closed with a median sales price of $131,500. Exactly 40% or 196 of these sales were bank owned with another 22% or 109 … (1 comments)
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orlando real estate statistics: Orlando Real Estate Sales August 31, 2009
- 08/31/09 01:41 AM
Another month has flown by, and sales continue to impress here in Orlando. So far 1,627 closed sales have been posted in the MLS with a median price of $130,000. That marks five months in a row with the median price hovering around $130,000. It is a little lower than July, but I am not concerned about monthly fluctuations. The other trend that is continuing is the decline in available inventory. As of this morning the number of homes available for sale through Orlando Realtors is down to 16,559 which is down about another 600 from last month. That will probably … (3 comments)
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orlando real estate statistics: Orlando Real Estate Sales July 2009 Official Statistics
- 08/12/09 12:32 AM
With the heat index, we had several days in July that felt like it was more than 100 degrees. That was about as hot as our real estate market here in Orlando. For the second month in a row, we closed more than 2,100 sales with 2,141. That is about a 45% increase over July 2008. Even more impressive is the number of new contracts written last month. In July 3,696 properties went pending in our MLS. That was the fourth month in a row with more than 3,400 new contracts. We would be on fire here, if the banks would … (0 comments)
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orlando real estate statistics: Orlando Real Estate Stabilizing (June 2009 Statistics)
- 07/10/09 06:10 AM
To read the complete story from the Orlando Regional Realtor Association click http://www.orlrealtor.com/Main/Main.asp?CategoryID=3&
Officially, 2,131 sales closed last month with a median sales price of $131,200. Both of those numbers are increases over May's sales. Year to date sales are up more than 43% over 2008 with nearly 10,000 closed sales so far in 2009. This remarkable increase in sales has pushed the months of inventory down to about 8.4 which is a 61% decline since January and the lowest level in the Orlando real estate market since July of 2006. The number of active listings currently stands at 17,831 which … (0 comments)
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orlando real estate statistics: Orlando real estate sales trends June 2009
- 07/06/09 05:58 AM
The official numbers will be out in a few days, but here is my take on what is going on in Orlando real estate. The big news you will be reading about in a few days is the 42% increase in sales compared to last June. So far there have been 2,121 closed sales with a median sales price of $131,500 posted for last month. That represents another month of year over year gains as well as an increase from May's 1,854 closed sales. The $1,500 increase in median price is hardly headline news, but it is the third month in … (2 comments)
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orlando real estate statistics: Orlando Real Estate Sales so far June 29, 2009
- 06/29/09 06:20 AM
With today and tomorrow left until we close out June we have posted 1,689 closed sales with a median sale price of $132,000. We will probably end the month with around 2,000 closed sales, and if the price holds up a slight increase over May's $130,000. The active inventory continues to fall with 18,172 properties available for sale according to MFRMLS. Pendings continue to climb with 7,281 properties under contract. There are more REO's under contract than active right now, with 1,350 having contracts pending and only 1,035 active listings identified as bank owned. The total number of distressed properties, including bank owned … (2 comments)
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orlando real estate statistics: Orlando Real Estate Pending Contracts
- 06/22/09 03:47 AM
The number of sales pending in Orlando continues to climb. We are over the 7,000 mark right now, and adding to that total each month. In the past the pending sales were the best indicator of future closings. That is still true, but the relationship between the two is getting skewed by a number of factors. First, short sales are a large percentage of the the total number of pending sales. They account for close to half of all the contracts pending, but only a small number are closing each month. Second, bank owned properties are often difficult to close because … (0 comments)
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These numbers are preliminary, but I would not expect them to change too much in the next few days. First, sales were still very strong last month with around 3,600 new contracts written on pending and closed sales. There have been 2,474 sales posted so far, but that will likely go up by a another 200 or so. The median price of those sales was $115,000 which is a slight increase from the last few months of $110,000. Of the closed sales 1,225 were cash deals continuing the trend of about half of all sales coming in as cash transactions. I … (1 comments)
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