Orlando Regional Realtor® Association reports home values up 5.5% in its April 2018 Market Pulse Report

The Orlando Regional Realtor® Association has released its April 2018 Market Pulse Report. Here are the highlights: From March 2017 to March 2018, the median home value for Central Florida is up 5.5% with inventory down 9.7%, during the same time frame. The combined median home value for all homes sold is $230,000. Average days-on-market was only 60 days. There is a 2.2 month’s supply of inventory. Real estate values are up 99% since 2011. The full report is available for you here: April 2018 Market Pulse Report

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4109 Rose Petal Ln, Orlando, FL 32808 — Listed For Sale

Fixer-upper. Attention investors. Here’s your rehab opportunity for this Lake Orlando area home with 2000+ sqft of living space, vaulted ceilings, ceiling fans, Florida Room & 2 car garage. Fenced yard, 1/4 acres lot & sidewalk. Home is located only minutes from Lake Orlando, Signal Park, College Park, Central Florida Fairgrounds & downtown Orlando. Major roads in the area include W Colonial Dr, John Young Parkway, 408 Expressway, Maitland Blvd/414 & Orange Blossom Trl. 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. MLS information deemed reliable, but not guaranteed. Parties are advised to verify. The seller requires a 10 DOM holding period prior to entertaining any offers.

• SFH
• 3/2
• 2033 sqft.
• Built 1977
• 2 Car Garage
• Vaulted Ceilings
• Fenced Yard
• Ceiling Fans
• Florida Room
• No HOA
• MLS #o5572533
• Offer Management Platform Charges $150 Technology Fee to Buyer’s Agent at Closing On Accepted Offer
• If applicable, Seller does not pay commissions on seller’s concessions: (PP – Seller’s Concessions) x 3%
• Bank-owned/REO Status
• Just listed for $114,400

Orlando Regional Realtor® Association reports home values up 10.4% during its March 2018 Market Pulse Report

The Orlando Regional Realtor® Association has released its March 2018 Market Pulse Report. Here are the highlights: From Feb. 2017 to Feb. 2018, the median home value for Central Florida is up 10.4% with inventory down 8.9%, during the same time frame. The combined median home value for all homes sold is $228,000. Average days-on-market was only 64 days. There is a 3.09 month’s supply of inventory. Experts say 6 months of inventory demonstrates a healthy balance between supply and demand. Distressed properties sales are down 41.4% year-over-year. The full report is available for you here:
March 2018 Market Pulse Report

Orlando, FL Airbnb International Drive Apartment refurbishment is now completed & ready for guests!

Orlando, FL International Drive Airbnb Apartment refurbishment project is now completed & ready for guests! Book now, just in time for Spring Break 2018! You will be treated to new flooring, paint, bathroom upgrades, granite counter tops, new lighting, new window treatments & much more! Apartment is a studio with kitchenette & full bathroom. Features full-sized refrigerator, double range, dishwasher, microwave, & disposal. Bathroom has undergone substantial upgrades with new vanity, mirror, & more! You will be treated by approx. 7 ft. high glass doors, full-sized balcony, lake-front views, Universal Orlando nightly fireworks & views of International Drive area attractions! Book today!

Book your reservation on Airbnb:
https://www.airbnb.com/rooms/20731910?s=51

241 Sterling Springs Lane, Altamonte Springs, FL 32714 — For Rent

Solid block, Centex home at Sawgrass Point loaded with features & upgrades. Two story town home w/ 1 car garage, 2 master suites, rear patio, double-pane windows, dual A/C climate control, ceiling fans, upgraded blinds, rear slider, solid concrete block walls, & huge walk-in-closets. Kitchen has all appliances (refrigerator, dishwasher, disposal, oven/range & microwave), dual sink & closet pantry. W/D incl. Entire home is wired for security system, which is NOT incl. with lease. Flooring is carpet in main living areas & vinyl in kitchen & baths. HOA community, gated, w/ playground & in-ground pool. Due to previous issues pet dogs are not being allowed for this lease. Background check, HOA application fee, security dep. & pet dep. (if appl.) are required. Electric service is Duke Energy & water/sewer/trash services are provided by City of Altamonte. Utilities are NOT included w/ monthly rent. Location. Location. Location. Sawgrass Point is located in the heart of west Altamonte within walking distance to West Town Corners, Walmart, Costco, Target, Backyard Burger, Starbucks, Panera Bread & a list of other restaurants, retail shops, coffee shops, grocery stores & much much more! Altamonte Mall, Cranes Roost Park & Florida Hospital are 3 miles east. Major roads in the immediate area include SR-436, SR-434 & Maitland Blvd/414 Expressway (to 429). There are three I-4 ramps within 10 min. by car. Seminole State College is approx. 1 mile south. Historically, this is a hot property! Act fast!

• 1304 sqft.
• Built 2004
• 2 Bedrooms/2.5 Bathrooms
• 2 Floors
• Washer & Dryer incl.
• Kitchen features all appliances, closet pantry & dual sinks
• 1 Car Garage
• Rear Patio
• Dual A/C Climate Control
• Lake Brantley School District
• $1349/mo.
• 12 Months Lease
• Security Deposit $1500
• Pet Deposit $1000, if applicable. Due to previous issues, no dogs allowed, except for ADA laws.
• Electric & Water/Sewer/Trash are not included
• MLS #o5568407
• Available 4/1/18

Florida Association of Realtors® Reports Jan. 2018 Sales Data; Values up 9.1-11.7%

Florida Association of Realtors® (FAR) reported its statewide sales data for Jan. 2018. The median value for existing Single Family Homes (SFHs) was $240k, up 9.1% year-over-year. The median home value condos/town houses was $179.9k, up 11.7%. Inventory is historically low with only 3.9 months of supply available for SFHs & 5.9 months for condos/town houses. Inventory is down 7.3%, year-over-year (SFHs) & 4.8% (condos/town houses). This data excludes new construction. Median is the midpoint; ½ above & ½ below. Freddie Mac reported an avg. mortgage rate of 4.03% for a 30-year fixed mortgage. The full article is available for you here: January 2018 Statewide Sales Data Report

According to sales data, Central Florida Real Estate values in January 2018 still below market peak of 2007.

The media is circulating that the real estate market has now surpassed the peak of 2007. IT’S NOT TRUE! There’s no data presented to support this claim. In researching the ACTUAL sales data for all homes sold, the results are below:

According to ORRA, the median home value for all homes sold in Central Florida peaked at $264,436 in July 2007. As of January 2018, the median home value for all homes sold in was $225,000. Overall prices are still 15% below the peak. Many condo values are still about 40% below the peak! The median home value data is comprised of closed sales for SFHs, condos, town houses, & duplexes. It does not include vacant land or commercial properties.

If you’re interested in the opposite end of the spectrum. The real estate market bottom did NOT occur in 2009 or 2010. It was January 2011 when the median home value for Central Florida bottomed at $94,900.

If you bought a house since 2011 & are ready to cash-out and sell. Message me! I can guide you on every step of the process from market readiness to renovations to valuation to marketing to legal disclosures to buyer screening to contracts to title to closing to avoiding scams to finding a new home, and much more!