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Orlando, FL Real Estate News

By Richard Carpentieri, GRI, ABR, PRM, e-PRO
(Keller Williams Realty)
Andover Cay is located off of Curry Ford Rd in the east Orlando real estate market.  There has been 2 single family houses sold in the 4th quarter of 2007.  They sold for $250,000 and $265,000 and they were 1,832 square feet and 1,973 square feet.  They took an average of 132 days before they sold. There are presently 4 houses that are pending closing.  The asking prices for these houses range from $210,000 to $279,500 and they range in size from 1,368 square feet to 2,530 square feet.There are a total of 14 houses on the market.  They range in size from 1,492 square feet and 2,585 square feet with asking prices ranging from $234,900 and $339,900.  Out of the 14 houses that are up for sale, 7 of them have asking prices of $265,000 or lower.Considering the amount of houses sold in the 4t...
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By Richard Carpentieri, GRI, ABR, PRM, e-PRO
(Keller Williams Realty)
Andover Lakes is located off of Curry Ford Rd in the east Orlando real estate market.  There has been 3 single family houses sold in the 4th quarter of 2007.  They sold for prices ranging from $214,900 to $283,000 with an average of $237,967 and ranged in size from 1,487 square feet to 1,841 square feet.  They took an average of 93 days before they sold. There are presently 0 houses that are pending closing.There are a total of 44 houses on the market.  They range in size from 1,264 square feet and 2,710 square feet with asking prices ranging from $185,000 and $345,000.  Out of the 44 houses that are up for sale, 27 of them have asking prices of $250,000 or lower.Considering the amount of houses sold in the 4th quarter of 2007, the saturation rate, (the amount of time it will take to se...
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By Heather the Realtor Orlando, Lake Mary, First Time Home Buyers, Bank Owned Homes
(LemonTree Realty)
So you want to know what the real estate market looks like. Well the numbers are now available. Inventory increases as sellers who waited out the holidays place their homes on the market The multi-month decline in the number of homes available for purchase in the Orlando area reversed its trend in January, when 1,426 homes were added to the inventory. January historically sees an upward spike in inventory as a result of owners who hold out until after the holidays to put their homes on the market, explains the Orlando Regional Realtor Association. The median sales price of a single-family home in the Orlando area in January 2008 dropped in one month by 1.22 percent ($2,750), from $225,000 in December 2007 to $222,250. The median sales price for January 2008 is 11.06 percent below that o...
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By Richard Carpentieri, GRI, ABR, PRM, e-PRO
(Keller Williams Realty)
Young Pine is located off of Curry Ford Rd in the east Orlando real estate market.  There has been 11 single family houses sold in 2007.  They sold for prices ranging from $203,000 and $284,900 with an average of $280,190 and ranged in size from 1,484 square feet to 2,386 square feet.  They took an average of 106 days before they sold. There are presently 0 houses that are pending closing.There are a total of 16 houses on the market.  They range in size from 1,484 square feet and 2,438 square feet with asking prices of $200,000 and $293,000.  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) will be 17 months.  This is below average with ...
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By Richard Carpentieri, GRI, ABR, PRM, e-PRO
(Keller Williams Realty)
Regal Park is located off of Curry Ford Rd in the east Orlando real estate market.  There has been 4 single family houses sold in 2007.  They sold for prices ranging from $219,250 and $272,000 with an average of $242,788 and ranged in size from 1,764 square feet to 2,074 square feet.  They took an average of 84 days before they sold. There are presently 0 houses that are pending closing.There are a total of 3 houses on the market.  They range in size from 1,820 square feet and 2,895 square feet with asking prices of $270,000 and $364,999.  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) will be 9 months.  This is well below average with...
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By Dawn Pratt, East Orlando Real Estate
Avalon Park Home Sales for January 2008 AddressListing priceSold dateSold price14214 Manatee Springs Rd.$178,9001/30$170,5002160 Black Mangrove Dr.$200,0001/04$193,0002113 Florida Soapberry Blvd.$209,9001/14$216,49614039 Bradbury Rd.$255,0001/30$238,90014619 Tanja King Blvd.$269,9001/31$269,90014320 Southern Red Maple Dr.$299,0001/18$289,0002627 Silver River Trl.$439,9001/18$415,00013612 Cassiopeia Dr.$600,0001/31$550,000For more information concerning East Orlando Real Estate, please visit: www.YourOrlandoConsultant.com
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By Richard Carpentieri, GRI, ABR, PRM, e-PRO
(Keller Williams Realty)
River's Pointe is located off of Curry Ford Rd in the east Orlando real estate market.  There has been 8 single family houses sold in 2007.  They sold for prices ranging from $220,000 and $302,000 with an average of $265,188 and ranged in size from 1,543 square feet to 2,377 square feet.  They took an average of 59 days before they sold. There are presently 0 houses that are pending closing.There are a total of 2 houses on the market.  They are 1,436 square feet and 1,814 square feet with asking prices of $204,900 and $279,000.  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) will be 3 months.  This is well below average with the rest o...
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By Dawn Pratt, East Orlando Real Estate
Keller Williams Advantage II Realty sold more homes in 32828 than any other office in 2007. We are on track to being number one in sales this year, too! When you are ready to sell your East Orlando Home, contact me and let my team work for you! East Orlando Real Estate Agent
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By Judy Chapman
(Referral Network of Illinois LLC)
According to a report in Forbes magazine, the best town to get a bargain on a home is one with healthy job growth and more houses available than people to buy them. Forbes searched for markets where the damage from risky lending hasn’t been as dramatic as in some parts of the country and where employment growth will burn off an over-abundance of inventory quickly. Orlando stands out as the #3 metro area to buy a home in today’s climate for two compelling reasons. Unlike Miami and Tampa, Orlando attracted fewer investor speculators who artificially jacked up prices. Plus Orlando is a great place to not only get a job, but keep it. With 26,000 houses for sale in the greater Orlando area, buyers have an amazing advantage as soon as they walk in the door of their dream home. For other reaso...
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By Dawn Pratt, East Orlando Real Estate
*These statistics do not include homes located in Waterford Chase EAST* Homes between 1700 and 1999 square feet have sold for an average of $254,250.Homes between 2000 and 2999 square feet have sold for an average of $301,208.Homes between 3000 and 3600 square feet have sold for an average of $355,000For all your East Orlando Real Estate needs, please contact me - Dawn Pratt, and please visit my blog www.EastOrlandoLife.com to read news and events affecting East Orlando.
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By Jerry LaRose, Orlando, Windermere FL. Real Estate, ABR, GRI, e-PRO, CLHMS
(Orlando Realty Partners)
 The question beckons - How Low Can You Go?How much lower can this crazy Orlando Real Estate market go. Well, Here's my thoughts and one way to look at it.When a renter can pay only approx. 20-30% more in their rent payment and own a home, They'll Buy!OK, what does that mean?Right now a 3/2 home at $200,000 would cost approx. $1600 Principle Interest Taxes & Insurance (PITI). A 3/2 Home to rent in general is renting for $1200-$1300, meaning that when that average 3/2 home comes down to $200,000 that renter would rather buy instead of rent.Right now that 3/2 Home is costing approx. $240,000. That means that that average home still has to come down $40,000 or 16% for that average renter to BUY. OK, that's my opinion and we know what they're like!
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By Jerry LaRose, Orlando, Windermere FL. Real Estate, ABR, GRI, e-PRO, CLHMS
(Orlando Realty Partners)
 No one knows. What's clear, however, is that a seller's disaster may be a buyer's opportunity. A Florida retirement may now represent an opportunity to exchange a high-priced home elsewhere for a bargain-priced home in sunny Florida. However universal the decline, this isn't bad news for everyone. It means a half-empty glass for sellers. But it may also mean a half-full glass for buyers. An opportunity checklist Here is a precautionary list for bargain hunters.A bargain is about more than price. If the property is an ugly dog, it doesn't matter how low the price is, don't buy it. Remember, many of these houses and condos were built by brainless builders funded by nitwit lenders. Avoid developments that are not yet complete. You don't know how, when or if the project will be finished. E...
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By Jerry LaRose, Orlando, Windermere FL. Real Estate, ABR, GRI, e-PRO, CLHMS
(Orlando Realty Partners)
 Though the national index figures reflect the illusion we most favor -- a steady and virtually guaranteed rise in home prices -- a very different picture emerges when you examine price indexes by state or metropolitan area. Here are some examples.In Houston, the first Texas city to fall in the oil bust, the home-price index peaked at 108.5 in 1983. It also bottomed early, hitting 81.5 in 1987. But it was a long bottom: The index didn't recover to its 1983 level until 1997. So recovery from the market top took a full 14 years. San Antonio peaked in 1984 at 109.7, didn't bottom out until it hit 82.5 in 1990 and didn't recover to its old high until 1995, a period of 11 years. Austin peaked in 1986 at 100.1, falling to 72.7 in 1991 and reaching recovery in 1994, about eight years. Dallas a...
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By Rob Arnold, Metro Orlando Full Service - Investor Friendly & F
(Sand Dollar Realty Group, Inc.)
The City of Orlando has come up with another bright idea.  Let's use our tax dollars to buy workforce housing.  You can read a detailed article about this in yesterday's Orlando Sentinel. The city is considering charging devleopers a linkage fee to help pay for this.  I always find it amusing that every statement or article on this subject describes the workforce as firefighters, teachers, and policemen.  On top of all these professions already being government employees (which makes the government look pretty pathetic), many of these people work additional jobs on the side at great pay anyway. Teachers only work 9 months a year.  Many police work side security jobs that pay great hourly rates. And all their jobs are unionized.  I certainly am not out to bash these professions, but hone...
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By Richard Carpentieri, GRI, ABR, PRM, e-PRO
(Keller Williams Realty)
Cypress Springs is located off of Curry Ford Rd in the east Orlando section of the Orlando real estate market.  There has been 10 single family houses sold in the 4th quarter of 2007.  They sold for prices ranging from $220,000 to $656,000 with an average price of $342,890 and ranged in size from 1,443 square feet to 3,985 square feet.  The average time they took to sell was 133 days. There are presently 5 houses that are pending closing. They range in size from 2,302 square feet to 2,940 square feet and have asking prices from $329,000 to $429,900.  They have been on the market for an average of 154 days.There are a total of 59 houses on the market.  They range in size from 1,324 square feet to 5,367 square feet with asking prices ranging from $168,000 to $1,400,000.  Of these 59 house...
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By Richard Carpentieri, GRI, ABR, PRM, e-PRO
(Keller Williams Realty)
Somerset is located in the Williamsburg section of the Orlando real estate market.  There has been 1 single family house sold in the 4th quarter of 2007.  It sold for a price of $203,000 and was 1,260 square feet.  It took 28 days before it sold. There is presently 1 house that is pending closing. It is 1,873 square feet and has an asking price of $264,000.  It has been on the market for 129 days.There are a total of 12 houses on the market.  They range in size from 1,064 square feet to 2,432 square feet with asking prices ranging from $190,000 to $249,900.  Of these 12 houses 9 of them are priced at $220,000 or lower.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 assumi...
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By Richard Carpentieri, GRI, ABR, PRM, e-PRO
(Keller Williams Realty)
Montpelier is located in the Williamsburg section of the Orlando real estate market.  There has been 2 single family houses sold in the 4th quarter of 2007.  They had selling prices of $177,000 and $222,000 and ranged in size from 1,554 square feet to 1,576 square feet.  They took an average of 129 days before they sold. There are presently 2 houses that are pending closing. They are 1,268 square feet and 1,554 square feet and have asking prices of $184,000 and $190,000.  They have been on the market for an average of 117 days.There are a total of 10 houses on the market.  They range in size from 1,540 square feet to 1,878 square feet with asking prices ranging from $199,000 to $249,900.  Of these 10 houses 8 of them are priced at $220,000 or lower.Considering the amount of houses sold ...
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By Sean Allen, International Financing Solutions
(International Financing Solutions )
  Sea World in Orlando, Florida is one of my favorite places to visit. This past week, Pilar & I, visited Sea World for a few hours and had a wonderful experience. I'm not sure if this is for Florida residents or everyone in general, but if you buy a 1 day pass for $67.00, your pass is good as often as you like until December 31, 2008. That is an awesome deal if you know you will be able to visit again in the future. Although the basic admission price of $67.00 is high, once you think about it, it really isn't. Just think of ALL those animals which they take care of, the staff, the upkeep and of course, the Beer company needs to make a profit.    The shows at Sea World are simply amazing and usually extremely funny. Pilar & I especially enjoyed watching the "Mime" doing his act before t...
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By Richard Carpentieri, GRI, ABR, PRM, e-PRO
(Keller Williams Realty)
Lake Ridge is located in the Williamsburg section of the Orlando real estate market.  There has been 4 single family houses sold in the 4th quarter of 2007.  They had selling prices ranging from $185,000 to $224,000 and ranged in size from 1,612 square feet to 2,072 square feet.  They took an average of 86 days before they sold. There is presently 1 house that is pending closing. It is 1,873 square feet and has an asking price of $219,900.  It has been on the market for 15 days.There are a total of 9 houses on the market.  They range in size from 918 square feet to 2,820 square feet with asking prices ranging from $157,900 to $299,900.  Of these 9 houses 7 of them are priced at $215,000 or lower.Considering the amount of houses sold in the 4th quarter of 2007, the saturation rate, (the ...
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By Dawn Pratt, East Orlando Real Estate
Recently sold homes median figures for Waterford Lakes East:Median size:  4 Bedrooms 3 Bathrooms and 2366 Square FeetMedian listing price:  $325,000Median sales price:  $310,000Median amount of days on the market:  104For more information about the Waterford Lakes real estate market, please forward your questions to:WaterfordLakes@yahoo.com, or visit my blog: East Orlando Life.
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