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Orlando, FL Real Estate News

By Walter DiLoreto, Real Estate Short Sale Specialist
(PHP Houses)
If you’ve got a move on your mind, you may be wondering whether you should wait to sell until mortgage rates come down before you spring into action. Here’s some information that could help answer that question for you.In the housing market, there’s a longstanding relationship between mortgage rates and buyer demand. Typically, the higher rates are, you’ll see lower buyer demand. That’s because some people who want to move will be hesitant to take on a higher mortgage rate for their next home. So, they decide to wait it out and put their plans on hold.But when rates start to come down, things change. It goes from limited or weak demand to good or strong demand. That’s because a big portion of the buyers who sat on the sidelines when rates were higher are going to jump back in and make t...
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By Carey Light, Light Team of Wemert Group Realty
(Wemert Group Realty)
Construction is underway on the new high school in southeast Orlando.  Due to be complete by the 2009-2010 school year, this high school will be a construction prototype for future school construction.  The school consists of a number of buildings surrounding a courtyard.  The construction budget is 80 million and incorporates energy efficient features in an effort to be good stewards of the public's tax dollars.  With a capacity of 2776 students, the high school facilities will feature the latest in high technology.  Classrooms will be equipped with up to 6 computer stations for students.  The classrooms will have advanced technology systems equipped to enhance audio and video instructional presentations by the teachers.The school will be located at the intersection of Narcoossee Road ...
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By Carey Light, Light Team of Wemert Group Realty
(Wemert Group Realty)
You can request a free wind inspection through www.mysafeflorida.com This is a program already paid for with your tax dollars.  It is designed to help Florida residents identify how they might strenghten their homes against hurricanes.  The free wind inspection is performed by a qualified hurrican mitigation inspector.You must apply and obtain approval in order to receive the free inspection.  There are grants available to those that qualify.  Additionally, many homewoners discover they are entitled to discounts on their homeowners  insurance for wind resistant qualities their homes already posess, or for those they add with instruction from the free inspection.  Check out the website and see if you qualify! Warmly,Carey LightKeller Williams Advantage II12301 Lake Underhill Rd. Suite 11...
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By Judy Chapman
(Referral Network of Illinois LLC)
According to the Florida Association of Realtors®, now is a great time to buy in Florida, and to prove it, they offer arguments against the naysayers in this article. Below is my take on these arguments as they apply to the Orlando and the Central Florida area. “Nobody is buying houses anymore.” Despite all the gloom and doom, last year was the fifth-best year for house sales in U.S. history, according to Lawrence Yun, senior economist with the National Association of Realtors® (NAR). Yun also expects to see slightly higher sales levels over the next several months. And while sales in Miami and Tampa have been under stress, Orlando sees a brighter future due to job growth. “Why buy now when home prices will only go lower.” Evidenced by a modest 5% drop in prices statewide last year, sel...
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By Richard Carpentieri, GRI, ABR, PRM, e-PRO
(Keller Williams Realty)
Falcon Trace is located in the south central sector of the Orlando real estate market.  There have been 0 single family houses sold in the 4th quarter of 2007.  There is presently 1 house that is pending closing.  It is 3,719 square feet and the asking price is $480,000.  It has been on the market for 15 days.There are a total of 55 houses on the market ranging in size from 1,478 square feet to 3,896 square feet with asking prices ranging from $2199000 to $499,900.  Of these 55 single family dwellings available, 21 are priced at $300,000 or less.Considering the amount of houses sold in the 4th quarter of 2007, the saturation rate, (the amount of time it will take to sell all of the houses in a specific area assuming that no other houses are listed in that area) can't be determined since...
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By Richard Carpentieri, GRI, ABR, PRM, e-PRO
(Keller Williams Realty)
Whisper Lakes is located in the south central sector of the Orlando real estate market.  There has been 1 single family houses sold in the 4th quarter of 2007 which was sold for $199,000.  The square footage was 1,582 square feet and it lasted for 16 days on the market.There are presently 4 houses that are pending closing with asking prices ranging from $179,900 to $219,000.  They range in size from 1,207 square feet to 1,612 square feet.  They have been on the market for an average of 75 days.  Remember these properties have not closed yet so the time to close will rise.There are a total of 32 houses on the market ranging in size from 918 square feet to 2,504 square feet with asking prices ranging from $174,900 to $330,000.  Of these 32 single family dwellings available 14 are priced a...
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By Richard Carpentieri, GRI, ABR, PRM, e-PRO
(Keller Williams Realty)
Southchase is located in the south central sector of the Orlando real estate market.  There has been 11 single family houses sold in the 4th quarter of 2007 ranging in price from $180,000 to $285,000.  The square footage ranged in size from 1,183 square feet to 2,309 square feet and they lasted an average of 101 days on the market.There are presently 8 houses that are pending closing with asking prices ranging from $179,900 to $300,000.  They range in size from 1,196 square feet to 2,842 square feet.  They have been on the market for an average of 174 days.  Remember these properties have not closed yet so the time to close will rise.There are a total of 165 houses on the market ranging in size from 902 square feet to 3,515 square feet with asking prices ranging from $129,500 to $455,00...
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By Richard Carpentieri, GRI, ABR, PRM, e-PRO
(Keller Williams Realty)
Pepper Mill is located in the south central sector of the Orlando real estate market.  There has been 2 single family houses sold in the 4th quarter of 2007 ranging in price from $179,000 to $230,000.  The square footage ranged in size from 1,550 square feet to 1,552 square feet and they lasted an average of 94 days on the market.There are presently 2 houses that are pending closing with asking prices of $189,900 and $212,000.  They are 1,306 square feet and 1,406 square feet.  They have been on the market for an average of 170 days.  Remember this property has not closed yet so the time to close will rise.There are a total of 26 houses on the market ranging in size from 1,306 to 1,883 square feet with asking prices ranging form $179,900 to $300,000.  Of these 26 single family dwellings...
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By Richard Carpentieri, GRI, ABR, PRM, e-PRO
(Keller Williams Realty)
Ginger Mill is located in the south central sector of the Orlando real estate market.  There has been 2 single family houses sold in the 4th quarter of 2007 ranging in price from $209,900 to $224,900.  The square footage on both houses was 1,405 and they lasted an average of 53 days on the market.There is presently 1 house that is pending closing with an asking price of $179,900.  The house is 1,081 square feet.  It has been on the market for 130 days.  Remember this property has not closed yet so the time to close will rise.There are a total of 6 houses on the market ranging in size from 1,325 to 2,250 square feet with asking prices ranging form $226,000 to $279,900.  Of these 6 single family dwellings available 5 are priced at $240,000 or lower.Considering the amount of houses sold in...
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By Ignazio "Iggy" Lena
(Lehmann Realty Team)
 Orlando Motor Scooter Sales Soarin' Scooter     Roketa Maui ST 50cc scooter has an  air cooled engine,  CVT belt drive transmission, Japanese carb, front ABS disc brakes, rear drum brakes, 12" aluminum wheels, electric/kick start and free-maintaince battery. Call now to order yours! Roketa Maui ST 50cc Motor Scooter Specifications: Orlando's Premier Scooter, Moped, Motor Scooter Dealer.                                                                                           Scooter SpecsEngine:                       Single Cylinder, 4 Stroke, 49.5ccCooling:                      Air CooledCarburation:               Japanese CarburetorTop Speed:                 up to 35 MPH (Weight Dependant)Fuel Economy:            Up to 100 MPGFuel Capacity:             1.5 GallonsMax Weight Cap:     ...
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By Richard Carpentieri, GRI, ABR, PRM, e-PRO
(Keller Williams Realty)
Crystal Creek is located in the south central sector of the Orlando real estate market.  There have been 4 single family houses sold in the 4th quarter of 2007.  They range in price from $220,000 to $282,000 with $254,750 being the average. The square footage ranges from 1,577 to 2,057 and the houses lasted an average of 120 days on the market before they closed.There are presently 0 houses that are pending closing.There are a total of 4 houses on the market ranging in size from 1,576 to 1,772 square feet with asking prices ranging form $240,000 to $267,000.  Of these 4 single family dwellings available, 3 are priced at $256,000 or less.Considering the amount of houses sold in November, the saturation rate, (the amount of time it will take to sell all of the houses in a specific area as...
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By Richard Carpentieri, GRI, ABR, PRM, e-PRO
(Keller Williams Realty)
Heritage Place is located in the south central sector of the Orlando real estate market.  There have been 4 single family houses sold in the 4th quarter of 2007.  They range in price from $240,000 to $260,000 with $250,000 being the average. The square footage ranges from 1,603 to 1,809 and the houses lasted an average of 101 days on the market before they closed.There are presently 3 houses that are pending closing with an asking price range from $194,900 to $235,000 with $214,933 being the average.  These houses range in size from 1,590 to 1,802 square feet.  The average time on the market is currently 117 days.  Remember these properties have not closed yet so the average time to close will rise.There are a total of 10 houses on the market ranging in size from 1,405 to 2,265 square f...
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By Ignazio "Iggy" Lena
(Lehmann Realty Team)
 Orlando Scooter Sales Soarin Scooters, Orlando's source for Scooters, Motorcycles, and Powersport vehicles. Started by Oren Klein, and Sam Eppy, Soarin' Scooters of Orlando is dedicated to providing quality products and service to our customers.                                                                          Soarin' Scooters LLC of Orlando specializes in the sale of scooters and powersport vehicles in Orlando. We strive to provide dependable products with reliable service, while pursuing personal satisfaction to each of our clients. We pride ourselves on working directly with the manufacturer, ensuring speedy service, support, and utmost quality on our entire product line.                   Whether you're looking, buying, or already own a Soarin' Scooters, our team is devoted ...
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By Richard Carpentieri, GRI, ABR, PRM, e-PRO
(Keller Williams Realty)
Abingdon Hill is located off of Hiawassee Rd in the Metro West section of the Orlando real estate market.  There has been 1 single family house sold in 2007.  It sold for $250,000 and was 1,836 square feet. It took 49 days before it sold.There is presently 0 houses that are pending closing. There is 1 house on the market.  It is 1,887 square feet with an asking price of $315,000.  Considering the amount of houses sold in 2007, the saturation rate, (the amount of time it will take to sell all of the houses in a specific area assuming that no other houses are listed in that area) would be 12 months which is lower than the average for the Orlando real estate market.If any additional information is required either log onto http://www.flatfeerealty.info/ and fill out the contact us or call 3...
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By Richard Carpentieri, GRI, ABR, PRM, e-PRO
(Keller Williams Realty)
Fairway Cove is located off of Hiawassee Rd in the Metro West section of the Orlando real estate market.  There has been 2 single family houses sold in 2007.  They were sold for $420,000 and $480,000 and were 2,457 square feet and 2,916 square feet with both of them having pools.There is presently 1 house that is pending closing.  It is 2,521 square feet and the asking price is $425,000.  It also has a pool.There are a total of 12 houses on the market.  They range in size from 2,307 square feet to 3,207 square feet with asking prices ranging from $342,500 to $799,000 and they all have pools. Of the 12 houses up for sale 7 of them are priced at $525,000 or lower.Considering the amount of houses sold in 2007, the saturation rate, (the amount of time it will take to sell all of the houses ...
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By Richard Carpentieri, GRI, ABR, PRM, e-PRO
(Keller Williams Realty)
Cinnamon Bay is located off of Hiawassee Rd in the Metro West section of the Orlando real estate market.  There has been 0 single family houses sold in 2007.  There are presently 0 houses that are pending closing.  There are a total of 2 houses on the market.  They range in size from 1,440 square feet to 1,509 square feet with asking prices ranging from $234,800 and $289,900.  Considering the amount of houses sold in 2007, the saturation rate, (the amount of time it will take to sell all of the houses in a specific area assuming that no other houses are listed in that area) can't be calculated since no houses were sold for the year. If any additional information is required either log onto http://www.flatfeerealty.info/ and fill out the contact us or call 321-766-7176.
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By Richard Carpentieri, GRI, ABR, PRM, e-PRO
(Keller Williams Realty)
Harbor Point is located off of Hiawassee Rd in the Metro West section of the Orlando real estate market.  There has been 3 single family houses sold in 2007.  They sold for prices ranging from $219,000 to $360,000 and ranged in size from 1,165 square feet to 2,316 square feet. They lasted an average of 61 days before they sold.There is presently 0 houses that is pending closing. There are a total of 8 houses on the market.  They range in size from 1,149 square feet to 2,018 square feet with asking prices ranging from $189,900 to $250,000.  Of the 8 houses up for sale 4 of them are priced at $205,000 or lower. Considering the amount of houses sold in 2007, the saturation rate, (the amount of time it will take to sell all of the houses in a specific area assuming that no other houses are ...
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By Richard Carpentieri, GRI, ABR, PRM, e-PRO
(Keller Williams Realty)
Hawksnest is located off of Hiawassee Rd in the Metro West section of the Orlando real estate market.  There has been 2 single family houses sold in 2007.  They sold for $373,000 and $391,900 and were 2,001 square feet and 2,361 square feet. They lasted an average of 127 days before they sold.There is presently 1 house that is pending closing. It is 2,636 square feet and the asking price is $389,000.There are a total of 7 houses on the market.  They range in size from 1,766 square feet to 3,376 square feet with asking prices ranging from $339,000 to $500,000.  Considering the amount of houses sold in 2007, the saturation rate, (the amount of time it will take to sell all of the houses in a specific area assuming that no other houses are listed in that area) would be 42 months which is h...
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By Richard Carpentieri, GRI, ABR, PRM, e-PRO
(Keller Williams Realty)
Westchester at MetroWest is located off of Hiawassee Rd in the Metro West section of the Orlando real estate market.  There has been 0 single family houses sold in 2007.  There are presently 0 houses that are pending closing.  There are a total of 3 houses on the market.  They range in size from 1,508 square feet to 1,587 square feet with asking prices ranging from $229,000 and $229,900.  Considering the amount of houses sold in 2007, the saturation rate, (the amount of time it will take to sell all of the houses in a specific area assuming that no other houses are listed in that area) can't be calculated since no houses were sold for the year. If any additional information is required either log onto http://www.flatfeerealty.info/ and fill out the contact us or call 321-766-7176.
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By Dawn Pratt, East Orlando Real Estate
Only 3 homes sold in Waterford Lakes, Orlando for the month of January. Actually, January is considered a 'slow' month for sales, and compared to previous years, 3 sales is average. Address Listing price Sold date Sold price 13856 Blue Lagoon Way $239,900 1/24 $237,000 1119 Carringdale Dr. $305,000 1/17 $275,000 506 Terrace Cove Way $274,900 1/31 $290,000 For more information about the Waterford Lakes Area of East Orlando, please visit my blog: Waterford Lakes Real Estate
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By Richard Carpentieri, GRI, ABR, PRM, e-PRO
(Keller Williams Realty)
Palma Vista is located off of Hiawasee Rd in the Metro West section of the Orlando real estate market.  There has been 6 single family houses sold in 2007.  They sold for prices ranging from $350,000 to $1,000,000 and ranged in size from 2,602 square feet to 3,761.  They took an average of 109 days before they sold. There are presently 0 houses that are pending closing.  There are a total of 14 houses on the market.  They range in size from 2,595 square feet to 4,933 square feet with asking prices ranging from $369,000 to $1,290,000.  Of the 14 houses on the market, 4 of them are under $600,000.Considering the amount of houses sold in 2007, the saturation rate, (the amount of time it will take to sell all of the houses in a specific area assuming that no other houses are listed in that ...
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