Orlando Regional Realtor® Association reports 7% increase in home prices with inventory down 15%, during its August 2017 “Market Pulse”

The Orlando Regional Realtor® Association has released its August 2017 Market Pulse Report. Here are the highlights:  From July 2016 to July 2017, the median home value for Central Florida is up 7% with inventory down 15%, during the same time frame. The combined median home value for all homes sold is $220,000. Average days-on-market for July 2016 was only 52. There is a 2.7 months supply of inventory. Experts say 6 months of inventory demonstrates a healthy balance between supply and demand. There were 3,347 total sales in July 2017, which is actually a decrease of 13% from June – indicative of the major housing shortage. Condo values have been rising significantly, up 21% year-over-year. The full report is available for you here > August 2017 Market Pulse

REO Sneak Peek Coming Soon – Orlando, Florida – August 2017

REO Sneak Peek Coming Soon:

4412 Drexel Ave, Orlando 32808
6336 Buford St Unit 204, Orlando 32835
7346 Cherry Laurel Dr, Orlando 32835

Check here often for Central Florida real estate!

Jason Crane named to “20 Under 40” Rising Star Awards, by Realtor® Association

Jason Crane has been named by the Orlando Regional Realtor® Association’s Class of 2017 “20 Under 40” Rising Star Awards recognizing the next generation of real estate professionals. Areas of merit include Community, Career and Professionalism. Congratulations to all of the recipients! A celebration for all of the award winners is scheduled for the end of the month in College Park.

6872 Westlake Blvd, Orlando, FL 32810 — Listed For Sale

Fixer-upper. Attention investors! Handyman Special! Rare opportunity for this stunning Westlake neighborhood home with over 2000 sqft of living space, 2 car garage, kitchen island, ceiling fans, master bathroom upgrades, sparkling pool with screened enclosure. Two story home. Conveniently located within minutes of Maitland Blvd/414, I-4, Hwy 441/OBT, 429, downtown Orlando & more! Only 30 minutes from Universal Studios Theme Parks & Resorts! 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. *Per our seller, please ensure all potential buyers view the interior of the property prior to submitting offers. Agents must always accompany buyers during showings. Seller will not entertain sight-unseen offers. Please obtain repair estimates at time of showing, if necessary. There is a virtual tour video available for prospective buyers to preview the home. During first 20 DOM, only Owner-Occ offers will be considered.*

• Built 1999
• 2 Car Garage
• 4 Beds/2.5 Baths
• 2386 Sqft.
• Fixer-Upper
• In-ground Pool with Screened Enclosure
• Kitchen Island
• Garden Bath with Separate Shower Stall
• Mandatory HOA with Regular Payments of $250/Year
• MLS #O5525536
• Broker’s Protected 3% – $150
• Offer Management Platform Charges $150 Technology Fee to Buyer’s Agent at Closing On Accepted Offer
• Seller does not pay commissions on seller’s concessions: (PP – Seller’s Concessions) x 3%
• Bank-owned/REO Status
• Listed for $197,500

862 Patriots Point Dr, Ocoee, FL 34761 — Listed For Sale

Gorgeous luxury, newer construction home available at the magnificent Brookestone Community. Vast interior with soaring ceilings, open layout, formal dining, kitchen island, ceiling fans, utility room, & several upgrades. Spacious loft on the 2nd floor. Master Suite has garden bath & shower. Rear features covered patio perfect for entertaining & providing shade during sunny afternoons. Nice-sized 1/4 acre lot with palm trees & mature landscaping. Brookestone is conveniently located with quick access to downtown Orlando, 408 highway, Florida Turnpike & 429. 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. Per seller, please ensure all potential buyers view the interior of the property prior to submitting offers. Agents must always accompany buyers during showings. Seller will not entertain sight-unseen offers. Please obtain repair estimates at time of showing, if necessary. There is a virtual tour video available for prospective buyers to preview the home. During first 20 DOM, only Owner-Occ offers will be considered.

• 4 Beds/3 Baths
• Built 2003
• 3240 sqft.
• 2 Car Garage
• Rear Covered Patio
• Gated Community
• Mandatory HOA with Regular Assessments Required of $250/Quarter
• Seller Charges Buyer’s Agent a $150 Technology Fee at Closing of Accepted Offer
• MLS #O5525516
• Bank-owned/REO Status
• Broker’s Protected 3% – $150. Seller does not pay commissions on seller’s concessions: (PP – Seller’s Concessions) * 3%
• Listing Price of $329,500

Orlando Regional Realtor® Association reports 7% increase in home values in its July 2017 Market Pulse Report

The Orlando Regional Realtor® Association (ORRA) released its July monthly Market Pulse Report supporting the on-going housing shortage across Central Florida. The median home value of $222,500 is up 7% year-over-year from June 2016 to June 2017. During the same timeframe, inventory is down 14%. Overall, home values are up 92%, since July 2011. The full article is available for you here: http://www.orlandorealtors.org/news/353863/ORRA-Housing-Market-Report—June-2017-.htm

Florida Association of Realtors® reports median home value of $239,000 for May 2017

The Florida Association of Realtors® is reporting the state-wide median value for existing single-family homes as being $239,000 for the month of May 2017; a 7.7% year-over-year increase. Nearly 40,000 existing SFH’s, condos and town homes were purchased & sold last month, which is the highest total ever recorded for the State of Florida.

Comparatively, the median home value for existing single-family homes was $536,750 in California & $362,500 in Massachusetts, for the month of April 2017.

The full article is available for you here:

http://www.floridarealtors.org/NewsAndEvents/article.cfm?p=1&id=353328