Hunters Creek Stats as of September 1, 2009

Hunter’s Creek offers a combination of condominiums, townhomes and single family homes.  Here is a brief snapshot of the current state of the market:

As of September 1, 2009 :
There are currently 201 HOMES for Sale listed in our MLS system ranging from $67,900 for a 2 bed/2 bath in Sky Lake to $590,000 for a 4 bedroom/3.5 bathroom home in Hunters Creek on Lake Calabay.

There are 100 Condominiums/Towhomes for Sale in the MLS ranging from $33,900 for a 1 bed/1 bath in Palms Villa Residences to $254,000 for a 4 bedroom/3 bathroom townhome in Chartres Gardens
ACTIVE: HOMES 
201  Total: 99 are pre-foreclosure/short sales/bank-owned  (making up 50% of the inventory).
ACTIVE: CONDOMINIUMS/TOWNHOMES  
100  Total:  62 are pre-foreclosure/short sales/bank-owned  (making up 62% of the inventory).

PENDING: HOMES 
178 Total:  111 are pre-foreclosure/short sales/bank-owned  (making up 62% of the inventory). 
PENDING: CONDOMINIUMS/TOWNHOMES  
90 Total:  70 are pre-foreclosure/short sales/bank-owned  (making up 78% of the inventory).

SOLD: HOMES (last 30 DAYS)  
52 Total:  31 are pre-foreclosure/short sales/bank-owned  (making up 60% of the inventory). 
SOLD: CONDOMINIUMS/TOWNHOMES  
32 Total: 26 are pre-foreclosure/short sales/bank-owned  (making up 81% of the inventory).

I will continue this on a monthly basis in the hopes it will provide you in a brief snapshot of the market.

If you would like a Market Analysis for your home, please contact us directly.

We look forward to serving you.

Windermere Stats as of September 1, 2009

Windermere is located in Southwest Orlando and nestled between numerous large lakes that form the Butler Chain of Lakes. Windermere was established in 1889 and works hard to maintain that small town feel. For instance, many local streets are still dirt roads. Windermere has expanded to include newer subdivisions such as Lakes of Windermere, Keene’s Pointe, Summerport, and Glenmuir. Below is a snapshot of the current state of the market in Windermere.

As of September 1, 2009 there are currently 586 properties listed in the MLS ranging in price from a two bedroom/two bathroom condominium in The Lakes of Windermere at $90,000 (Short Sale) to $12.5 Million estate home in Islesworth that is 9 bedrooms/9 bathrooms over 10,000 square feet. Here is the breakdown:

ACTIVE = 586:  108 are pre-foreclosure/short sales/bank-owned (making up 19% of the inventory).
HOME 
531  TOTAL: 77 are pre-foreclosure/short sales/bank-owned  

CONDOMINIUMS/TOWNHOMES
55 TOTAL: 31 are pre-foreclosure/short sales/bank-owned

PENDING = 197: 117 are pre-foreclosure/short sales/bank-owned, making up 60% of the pending inventory.
HOMES
151 TOTAL: 91 are pre-foreclosure/short sales/bank-owned  

CONDOMINIUMS/TOWNHOMES
46 TOTAL: 26 are pre-foreclosure/short sales/bank-owned

SOLD (August 2nd to September 1st)= 50: 27 are pre-foreclosure/short sales/bank-owned, making up 54% of the pending inventory.
HOMES
42 TOTAL: 25 pre-foreclosure/short sales/bank-owned  

CONDOMINIUMS/TOWNHOMES
8 TOTAL: 2 are pre-foreclosure/short sales/bank-owned

If you would like a Market Analysis for your home, please contact us directly.

We look forward to serving you.

Celebration Stats as of September 1, 2009

Celebration offers a combination of condominiums, townhomes and single family homes.  Here is a brief snapshot of the current state of the market here in Celebration.

As of September 1, 2009 there are currently 314 properties listed in our MLS system ranging in price from a one bedroom/one bathroom condominium in Siena at $75,000 (Short Sale) to $3.9 Million for an estate home in Aquila Reserve that is over 8100 square feet.
ACTIVE = 314:  61 are pre-foreclosure/short sales/bank-owned (making up 19% of the inventory).
HOMES
162 TOTAL: 23 are pre-foreclosure/short sales/bank-owned  

CONDOMINIUMS/TOWNHOMES
152 TOTAL: 38 are pre-foreclosure/short sales/bank-owned

PENDING = 97: 52 are pre-foreclosure/short sales/bank-owned, making up 53% of the pending inventory.
HOMES
44 TOTAL: 25 are pre-foreclosure/short sales/bank-owned  

CONDOMINIUMS/TOWNHOMES
53 TOTAL: 27 are pre-foreclosure/short sales/bank-owned

SOLD (August 2nd to September 1st)= 41: 9 are pre-foreclosure/short sales/bank-owned, making up 22% of the pending inventory.
HOMES
12 TOTAL: 3 pre-foreclosure/short sales/bank-owned  

CONDOMINIUMS/TOWNHOMES
29 TOTAL: 6 are pre-foreclosure/short sales/bank-owned

If you would like a specific Market Analysis for your home, please contact us directly.

We look forward to serving you.

Windermere Stats as of August 1, 2009

Windermere is located in Southwest Orlando and nestled between numerous large lakes that form the Butler Chain of Lakes. Windermere was established in 1889 and works hard to maintain that small town feel. For instance, many local streets are still dirt roads. Windermere has expanded to include newer subdivisions such as Lakes of Windermere, Keene’s Pointe, Summerport, and Glenmuir. Below is a snapshot of the current state of the market in Windermere.

As of August 1, 2009 there are currently 591 properties listed in the MLS ranging in price from a two bedroom/two bathroom condominium in The Lakes of Windermere at $89,000 (Short Sale) to $12.5 Million estate home in Islesworth that is 9 bedrooms/8 bathrooms over 10,000 square feet. Here is the breakdown:

ACTIVE = 591:  118 are pre-foreclosure/short sales/bank-owned (making up 20% of the inventory).
HOME
530 TOTAL: 82 are pre-foreclosure/short sales/bank-owned  

CONDOMINIUMS/TOWNHOMES
61 TOTAL: 36 are pre-foreclosure/short sales/bank-owned

PENDING = 190: 131 are pre-foreclosure/short sales/bank-owned, making up 69% of the pending inventory.
HOMES
153 TOTAL: 108 are pre-foreclosure/short sales/bank-owned  

CONDOMINIUMS/TOWNHOMES
37 TOTAL: 23 are pre-foreclosure/short sales/bank-owned

SOLD (July 2nd to August 1st)= 46: 26 are pre-foreclosure/short sales/bank-owned, making up 56% of the pending inventory.
HOMES
44 TOTAL: 25 pre-foreclosure/short sales/bank-owned  

CONDOMINIUMS/TOWNHOMES
2 TOTAL: 1 are pre-foreclosure/short sales/bank-owned

If you would like a Market Analysis for your home, please contact us directly.

We look forward to serving you.

Celebration stats as of August 1, 2009

Celebration offers a combination of condominiums, townhomes and single family homes.  Here is a brief snapshot of the current state of the market here in Celebration.

As of August 1, 2009 there are currently 350 properties listed in our MLS system ranging in price from a two bedroom/one bathroom condominium in Siena at $74,900 (Bank Owned) to $3.9 Million for an estate home in Aquila Reserve that is over 8100 square feet.
ACTIVE = 350:  68 are pre-foreclosure/short sales/bank-owned (making up 19% of the inventory).
HOMES
172 TOTAL: 32 are pre-foreclosure/short sales/bank-owned  

CONDOMINIUMS/TOWNHOMES
178 TOTAL: 36 are pre-foreclosure/short sales/bank-owned

PENDING = 102: 61 are pre-foreclosure/short sales/bank-owned, making up 60% of the pending inventory.
HOMES
44 TOTAL: 25 are pre-foreclosure/short sales/bank-owned  

CONDOMINIUMS/TOWNHOMES
58 TOTAL: 36 are pre-foreclosure/short sales/bank-owned

SOLD (July 2nd to August 1st)= 21: 7 are pre-foreclosure/short sales/bank-owned, making up 33% of the pending inventory.
HOMES
8 TOTAL: 2 pre-foreclosure/short sales/bank-owned  

CONDOMINIUMS/TOWNHOMES
13 TOTAL: 5 are pre-foreclosure/short sales/bank-owned

If you would like a specific Market Analysis for your home, please contact us directly.

We look forward to serving you.

June new home sales rise 11 percent in the U.S.

WASHINGTON (AP) – July 27, 2009 – New U.S. home sales rose by the largest amount in more than eight years last month, in another sign the housing market is finally bouncing back from the worst downturn in decades.
The Commerce Department said Monday that sales rose 11 percent in June to a seasonally adjusted annual rate of 384,000, from an upwardly revised May rate of 346,000.
It was the strongest sales pace since November 2008 and exceeded the forecasts of economists surveyed by Thomson Reuters, who expected a pace of 360,000 units. The last time sales rose so dramatically was in December 2000.
Sales have risen for three straight months. The median sales price of $206,200, however, was down 12 percent from $234,300 a year earlier and down nearly 6 percent from $219,000 in May.
Last Thursday, the National Association of Realtors reported that home resales posted a monthly increase of 3.6 percent in June.
There were 281,000 new homes for sale at the end of June, down more than 4 percent from May. At the current sales pace, that represents 8.8 months of supply — the lowest level since October 2007.
Courtesy of the Florida Association of Realtors and The Associated Press, Alan Zibel, AP real estate writer.

Please contact us if you would like a market analysis of your area.  We look forward to serving you.

Stats for Hunters Creek/Southchase/Deerfield

Hunter’s Creek offers a combination of condominiums, townhomes and single family homes.  Here is a brief snapshot of the current state of the market:

As of July 18, 2009 :
There are currently 220 HOMES for Sale listed in othe MLS system (down from 246 last month) ranging from $68,000 for a 3 bed/1 bath in Sky Lake to $629,000 for a 5 bedroom/4 bathroom home in Hunters Creek on Lake Gatlin.
There are 112 Condominiums/Towhomes for Sale in the MLS (down from 136 last month) ranging from $34,900 for a 1 bed/1 bath in Palms Villa Residences to $254,000 for a 4 bedroom/3 bathroom townhome in Chartres Gardens
ACTIVE: HOMES
220 Total: 101 are pre-foreclosure/short sales/bank-owned  (making up 45% of the inventory).
ACTIVE: CONDOMINIUMS/TOWNHOMES 
112 Total:  81 are pre-foreclosure/short sales/bank-owned  (making up 72% of the inventory).

PENDING: HOMES
182 Total:  144 are pre-foreclosure/short sales/bank-owned  (making up 79% of the inventory). 
PENDING: CONDOMINIUMS/TOWNHOMES 
83 Total:  74 are pre-foreclosure/short sales/bank-owned  (making up 89% of the inventory).

SOLD: HOMES (last 30 DAYS) 
35 Total:  21 are pre-foreclosure/short sales/bank-owned  (making up 60% of the inventory). 
SOLD: CONDOMINIUMS/TOWNHOMES 
21 Total: 17 are pre-foreclosure/short sales/bank-owned  (making up 80% of the inventory).

I will continue this on a monthly basis in the hopes it will provide you in a brief snapshot of the market.

If you would like a Market Analysis for your home, please contact us directly.

We look forward to serving you.

Are prices/inventory stabilizing?

If you are contemplating about buying your first home, investment home, or second home, now is the time to buy.

The following statistics are courtesy of the Orlando Regional Realtor Association:

• A steady increase in the pace of Orlando home sales activity is creating conditions that are within striking distance of a balanced market. Inventory level reflects an 8.37-month supply at the current pace of sales; a market with six months of supply is considered by housing economists to be balanced between buyers and sellers.
• In June 2009 there were 43.12 percent more homes SOLD than in June of last year, contributing to the area’s year-to-date sales increase of 43.76 percent
• There were 2,131 closings in June. Of those June sales, 45.99 percent of the homes were either bank-owned or distressed
• The median price of all Orlando homes sold in June is $131,200 (a 39.26 percent decrease compared to June 2008).
• Pending Sales in June = 7,230
• The area’s average interest rate increased in June to 5.48 percent
• There are currently 17,831 homes available for purchase through the MLS. Compared to last year, the June 2009 inventory level is 27.44 percent lower than it was in June 2008 (24,575).
• The inventory level’s 8.37-month supply is the lowest since July 2006.

If you would like more statistics or would like to schedule an appointment, please contact us.

Celebration stats as of July 2, 2009

Celebration offers a combination of condominiums, townhomes and single family homes.  Here is a brief snapshot of the current state of the market here in Celebration.

As of July 3rd there are currently 378 properties listed in our MLS system ranging in price from a one bedroom/one bathroom condominium in Georgetown at $99,900 (Short Sale) to $3.45 Million for an estate home that is over 6400 square feet.
ACTIVE = 378:  71 are pre-foreclosure/short sales/bank-owned (making up 18% of the inventory).
HOMES 
179 TOTAL: 30 are pre-foreclosure/short sales/bank-owned  

CONDOMINIUMS/TOWNHOMES
199 TOTAL: 41 are pre-foreclosure/short sales/bank-owned

PENDING = 94: 57 are pre-foreclosure/short sales/bank-owned, making up 60% of the pending inventory.
HOMES 
43 TOTAL: 23 are pre-foreclosure/short sales/bank-owned  

CONDOMINIUMS/TOWNHOMES 
51 TOTAL: 34 are pre-foreclosure/short sales/bank-owned

SOLD (June 3rd to July 2nd)= 22: 9 are pre-foreclosure/short sales/bank-owned, making up 40% of the pending inventory.
HOMES 
7 TOTAL: 1 was pre-foreclosure/short sales/bank-owned  

CONDOMINIUMS/TOWNHOMES 
15 TOTAL: 8 are pre-foreclosure/short sales/bank-owned

I will continue this on a monthly basis in the hopes it will provide you in a brief snapshot of the market in Celebration. I hope you find it useful!

If you would like a specific Market Analysis for your home, please contact us directly.

We look forward to serving you.

Stats for Hunters Creek/Southchase

Hunter’s Creek is a 4,000-acre master-planned community. Hunter's Creek boasts: Tennis courts, parks, racquet ball courts, walking and bike trails. The community also features a baseball field, basketball court, restaurants, community center, playgrounds, picnic area, soccer field, tot lot and volleyball.
Located in South Orlando in Orange County, halfway between Disney World and the airport, Hunters Creek is convenient to all major attractions, and within minutes of major employment centers such as Tupperware International, Lucent Technologies, Lockheed Martin and Walt Disney World.

Hunter’s Creek offers a combination of condominiums, townhomes and single family homes.  Here is a brief snapshot of the current state of the market:

As of June 16, 2009 :
There are currently 246 HOMES for Sale listed in our MLS system ranging from $68,000 for a 3 bed/1 bath in Sky Lake to $689,000 for a 5 bedroom/4 bathroom home in Hunters Vista.
There are 136 Condominiums/Towhomes for Sale in the MLS ranging from $27,500 for a 1 bed/1 bath in Palms Villa Residences to $254,000 for a 4 bedroom/3 bathroom townhome in Chartres Gardens
ACTIVE: HOMES
246 Total: 125 are pre-foreclosure/short sales/bank-owned  (making up 50% of the inventory).
ACTIVE: CONDOMINIUMS/TOWNHOMES
136 Total:  101 are pre-foreclosure/short sales/bank-owned  (making up 74% of the inventory).

PENDING: HOMES
168 Total:  123 are pre-foreclosure/short sales/bank-owned  (making up 73% of the inventory). 
PENDING: CONDOMINIUMS/TOWNHOMES
64 Total:  58 are pre-foreclosure/short sales/bank-owned  (making up 90% of the inventory).

SOLD: HOMES (last 3 months)
118 Total:  85 are pre-foreclosure/short sales/bank-owned  (making up 72% of the inventory). 
SOLD: CONDOMINIUMS/TOWNHOMES
66 Total: 53 are pre-foreclosure/short sales/bank-owned  (making up 80% of the inventory).

I will continue this on a monthly basis in the hopes it will provide you in a brief snapshot of the market.

If you would like a specific Market Analysis for your home, please contact us directly.

We look forward to serving you.