ORRA Reports Rising Inventory & Declining Sales in its December 2023 State of the Market

As expected, the annual holiday season is a time for joy, peace, family, bustling air travel and a slowdown in housing. But something was different this year — elevated interest rates are significantly impacting home demand. According to the Orlando Regional Realtor® Association, data based on December 2023 sales for Central Florida, showed 23% year-over-year increase in total inventory with 11% decrease in closed sales during the same period. Fortunately for homeowners, values are staying resilient. An all-time high median home value of $370,500 in 2023 was up slightly 1.5% over the $365,000 median value recorded in 2022, albeit flattening out over the long-term. The average mortgage rate peaked at 7.8% in Oct. 2023, a record-high, but receded in Nov/Dec closing-out the year at 6.6%. Notably, months’-supply-of-inventory spiked by +39% year-over-year, an indicator of lower inventory absorption. Bottom line, supply & demand look to be re-balancing & the future of interest rates will determine the future of the housing market. Financial markets rallied last month after the Federal Reserve hinted at interest rate cuts in 2024, but inflation remains “hot” in some sectors of the US economy. The next Fed decision on interest rates is scheduled for February 1, 2024. Full report available here: December 2023 State of the Market

2627 Maitland Crossing Way Unit 304, Orlando, FL 32810 — Listed for Rent by Broker

3rd floor Condo available For Lease by Broker

1 Bedroom/1 Bathroom, Built 2000, & 672 sqft of living space

Newly renovated with all new flooring, baseboards, new light fixtures, brand new A/C system & recently painted.

Condo is in great condition.

Includes washer & dryer

Condo is located on top floor with no above neighbors & features vaulted ceilings

Kitchen appliances incl. refrigerators, oven/range, dishwasher & disposal. Other features incl. walk-in closet, laundry closet, pantry, spacious screened balcony & outside storage closet

Bella Terra amenities include community pool, fitness center, clubhouse, playground, gated entrance, & on-site manager. Valet trash service included

2021-2022 Bella Terra is in the process of freshly painting all of the buildings & installing new tile roofing. The project is approx. 50% completed as of 12/29/21

Bella Terra is located at Maitland Crossing near the intersection of 414/Maitland Blvd & SR-434. Within minutes are RDV Sportsplex, Seminole State College Altamonte Campus, Lake Lotus Park, Seminole Wekiva Trail, Publix at Gateway Crossing, Walmart at West Town Corners, Target, Winn-Dixie, Costco, Home Depot, Lowe’s Home Improvement & an abundance of other local restaurants, big box stores, & other businesses

Major roads in the immediate vicinity include SR-434, Hwy 441, Maitland Blvd/414, SR-436 & quick access to I-4 Maitland Interchange & SR-429

Bella Terra Condo Association has a tenant screening/approval process

All residents must submit to a 50-state background & credit check

Rental Application is required for all adults living on the premises over the age of 18 & app fee is $75/adult

Security Deposit is $1500 (refundable)

Monthly lease amount is $1149/month, minimum 12-months lease

Water/sewer/valet trash are included with the monthly lease amount. Tenants are responsible for electric, cable, internet & home phone, if applicable

Unfortunately, no dogs are permitted in the lease agreement for this unit. 1 small pet allowed at $50/month. No pet deposit will be required. Any pet damages, if applicable, will be subject to the Security Deposit

Please note, condo is located on 3^rd floor & there are no elevators

Condo is available for Immediate Move-in.

MLS #o5993752

Brokers protected: $400 Lease Fee. Broker must show interior to receive compensation.

Listing Courtesy of Jason Crane Real Estate, LLC

Jason Crane is now a NAR Certified Pricing Strategy Advisor (PSA)

Jason Crane is now a National Association of Realtors® Certified Pricing Strategy Advisor, a distinction recognizing real estate professionals who are highly skilled at property valuations including BPOs & CMAs. Visit JasonCraneRE.com for more information. Jason has 15 years experience in the real estate business with over 750 real estate closings, $82M in volume & an estimated 5,000 BPOs completed.

5767 Viburnum Ct, Polk City, FL 33868 — Listed For Rent

Polk City 33868 SFH just listed For Rent! Recently renovated (2018) with several upgrades & features! One story home located on cul-de-sac with 1 car garage.  Features new interior & exterior paint, brand new appliances, new washer & dryer, bathroom renovations, new light fixtures & new window treatments. Kitchen has all stainless steel appliances. Brand new A/C system! Pantry with washer & dryer incl. Rear has an open patio, fenced yard & no rear neighbors. No HOA. Established neighborhood with many long-term residents. Located at Greenwood Estates, only less than 10 min. from downtown Polk City & about 22-25 min. from downtown Lakeland. Disney World theme parks & resorts are about 25 min. east on I-4.

• 1377 Sqft.
• 3 Bedrooms/1.5 Bathrooms
• Built 1995
• One Car Garage
• Washer/Dryer included
• $75 Application Fee per adult over 18 years of age
• Prospective tenants must pass a comprehensive 50-state background check & credit check.
• $1500 Security Deposit is required.
• Routine lawn service is incl. with rent.
• Electric & Water excluded.
• Virtual tour available.
• 1 pet allowed under 40 lbs & pet rent is $50/month.
• Dog breed restrictions apply.
• Rent is $1195 per month.
• Listing courtesy of Jason Crane Real Estate, LLC.
• MLS ID: o5816442.

7632 Telford Ct, Orlando, FL 32818 — Listed For Sale

Fixer-upper. Attention investors! Spacious Silver Ridge home with soaring vaulted ceilings, expansive interior, kitchen island, patio, private pool with screened enclosure & fireplace. Home is located within minutes of West Oaks Mall, Parkside Coventry Park, Central Florida Fairgrounds, shopping centers, banking & dining. Universal Studios is approx. 25 min. south & downtown Orlando 20 min. east. Major roads in the area incl. W Colonial, 408, 429 & Florida Turnpike. 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. There’s a quick video walk-through Virtual Tour available here: Virtual Tour Link

• SFH
• 4 Beds/3 Baths
• 2149 sqft.
• Built 1988
• Private, in-ground pool with screened enclosure
• 2 Car Garage
• Fireplace
• Kitchen Island
• Florida Room
• Vaulted Ceilings
• Mandatory HOA with fees required
• Broker’s Protected 3% – $150
• MLS #o5554982
• 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
• Listed for $184,900

3063 Butler Bay Dr N, Windermere, FL 34786 — Listed For Sale

Fixer-upper. Million-dollar lake-front view on Lake Crescent @ Windermere Club. Breath-taking lake frontage home w/ unobstructed views. Spacious interior, one story home with circular driveway, in-ground pool, screened patio, fireplace, sauna, dock & much more! Almost 4,900 sqft of living space & 1 acre lot! Located less than 3 miles from downtown Windermere. 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. 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 10 DOM, no offers will be considered.

• SFH — One Story
• Built 1985
• 5 Beds/3 Baths
• 4895 sqft.
• 3 Car Garage
• 1.04 Acres
• In-ground Pool
• Sauna
• Fireplace
• Vaulted Ceilings
• Kitchen Island
• Fenced Yard
• Mandatory HOA with annual assessments of $1300/year. Subject to change in 2018.
• MLS #o5551322
• Broker’s Protected 3% – $150
• 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
• Listed for $946,400

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

940 Douglas Ave #138, Altamonte Springs, FL 32714 – For Sale

Altamonte Springs 32714 condo, 1/1, 842 sqft, HOA with monthly fees required, vaulted ceilings, fireplace, kitchen appliances, dual sinks, inside utility & screened patio. Just listed for $72,800. Bank-owned. Property is located within minutes of Merrill Park, Sanlando Park, Seminole-Wekiva Trail & Cranes Roost Park. Attractions in the region incl. Wekiva Island, Altamonte Mall, Seminole State College, schools, shopping, grocery, & array of dining options. Short drive to SR-434, SR-436 & I-4. 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. This listing is courtesy of Jason Crane, Lic. Real Estate Broker (REO, SFR, GKC, HUD, RES.net), Jason Crane Real Estate, LLC. Serving Central Florida since 2005.

• 1st Floor condo, no above neighbors
• Built 1982
• 842 sqft.
• 1 Bedroom/1 Bathroom
• HOA deed-restricted community with monthly assessments required
• Ceiling fans
• Fireplace
• Vaulted Ceilings
• Kitchen appliances incl.
• Inside Utility
• Storage Closet
• Screened Patio
• Window treatments
• Just listed for $72,800
• Bank-owned/REO
• MLS #o5494610
• List date 2/28/17
• Brokers protected, 3% -$150

Jason Crane Real Estate, LLC is a licensed real estate broker in Orlando, Florida. Jason Crane is a top-performing, top-ranked real estate expert in Central Florida with over 700 real estate closings and cumulative sales volume in excess of $73 million. He has the following certifications: REO, SFR, GKC, HUD & RES.net. Please visit http://www.JasonCraneOnline.com, for photos & more information.