Orlando Regional Realtor® Association reports home values up 1.2% in Dec. 2018

The Orlando Regional Realtor® Association reports the December 2018 median home value of $232,750 for Central Florida with home values up 1.2% year-over-year in its monthly “Market Pulse Report.” Home values appear to be reaching a plateau. The data reveals an average DOM of only 56 with only 3.3-month supply of inventory. Distressed properties represented less than 4% of all sales. The housing shortage is easing with a 4.9% increase in inventory year-over-year. The cumulative number of homes sales from December 2017 to December 2018 was down 20.8%. However, in looking at 2018 as a whole, the overall median home value for Central Florida homes rose 5.7%. In analyzing the statistics, the real estate market is changing as evidenced by the slow down in price appreciation, decrease in the cumulative number of sales & an inflection point has been identified with inventory now on the rise. Historically, condominiums tend to be the first to experience price deprecation during a market downturn & last to display price appreciation during an upswing. From December 2017 to December 2018, consistent with historical data, condominiums showed the highest appreciation in overall median value with a 10.5% rise. The full report is available for you here: ORRA Market Pulse Report for December 2018

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2094 N Powers Dr., Orlando, FL 32818 — Just Listed For Sale

Orlando 32818 SFH, Fixer-upper, One story, 4/2, 1912 sqft, built 1971, 2 car garage, fenced yard, no HOA & in-ground pool. Attention investors! Handyman special. One story, brick construction home with spacious interior, ceramic tile flooring, & 2 car garage. Features roomy interior with vast living & dining areas. Split floor plan. Sliding doors lead to rear patio, in-ground pool & fenced back yard. Home is located only minutes from West Oaks Mall, Barnett Park, Central Florida Fairgrounds, big box stores, dining options, banking, schools & shopping centers. Approx. 15 min. from downtown Orlando & 20-25 min. from Universal Orlando Theme Parks. Major roads in the vicinity incl. 408 Expressway, Hwy 50, & Silver Star Road. Just listed for only $166,400. Bank-owned/REO. MLS ID: o5754876. Sold as-is, where-is. No Seller’s disclosures. Seller is making no warranties or representations of property condition. Room dimensions are approximate & should be independently verified. Proof of funds/pre-approval letter required with all offers. Buying party is responsible for verifying whether or not property condition will qualify for buyer’s specific loan program. HOA dues are subject to change & special assessments & must be verified by buyer. Jason Crane Real Estate, LLC is a licensed real estate brokerage in Florida. Approx. 20 photos available & additional property information published on www.JasonCraneOnline.com > My Listings

  • Single Family Home
  • One Story
  • 4 Bedrooms/2 Bathrooms
  • Fixer-upper
  • 1912 sqft.
  • Built 1971
  • 2 Car Garage
  • In-Ground Pool
  • Split Floor Plan
  • Brick Construction
  • No HOA
  • Broker’s Protected 3% Commission minus $150 (Seller does not pay commissions on concessions or seller paid buyer’s closing costs)
  • Buyer’s Agent is charged a mandatory $150 Technology Platform Fee deducted from Commission
  • MLS ID: o5754876
  • Just Listed for only $166,400
  • Bank-owned/REO Status
  • Listing Courtesy of Jason Crane Real Estate, LLC
  • More information, photos & property details are available on www.JasonCraneOnline.com