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

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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.