Orlando Short Sale Expert | Orlando Short Sales, Orlando Short Sale Realtor

Orlando Real Estate see new life. Buyers are back!ALERT: Sales INCREASED 47.59% in March compared to March of last year.

ALERT: First time home buyers now receive an $8,000 INCOME TAX REFUND – no strings attached. This IRS offer is also available to anyone who has not owned a home in the past 3 years. HURRY – Must Close Before December 1, 2009.

Orlando Buyer

Orlando Recently Sold Homes

The median sales price for homes in Orlando FL for Dec 08 to Feb 09 was $155,500. This represents a decline of 16.8%, or $31,500, compared to the prior quarter and a decrease of 30.9% compared to the prior year. Sales prices have depreciated 1.6% over the last 5 years in Orlando.

The average listing price for Orlando homes for sale on Trulia was $323,231 for the week ending Mar 18, which represents a decline of 0.4%, or $1,326, compared to the prior week and an increase of 15%, or $42,269, compared to the week ending Feb 25. Average price per square foot for Orlando FL was $95, a decrease of 33.1% compared to the same period last year. Popular neighborhoods in Orlando include Lake Nona, Metro West, College Park, Vista East, Baldwin Park, and Central Business District.

We are nearing the bottom. Yes, this is sooner than I expected. However, we fell quicker than expected. 

Where do we go from here? My opinion is we may fall just a little more. Perhaps 5-10%. Then we’ll drag along the bottom from several months before we start to increase. When we do increase we should be back to a normal market of 3-5% increases annually.

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Jerry LaRose is an Orlando Area Residential Real Estate Expert, who can assist you with the purchase and/or sale of Real Estate in Orlando, Windermere, Winter Garden Florida or any place in the country. Jerry has created a team of professionals throughout Orlando and the country to ensure that you enjoy a smooth transition to your new area. Please visit http://OrlandoShortSaleExpert.com or www.JerrySellsOrlando.com for your real estate needs.  Please give me a call if you have questions about the Orlando and Central Florida real estate market.

P.S. If you are listing your home as a short sale in Orange County Florida and Orlando, Windermere, Winter Garden,  or Ocoee Florida make sure you hire an agent who knows how to do short sales and has the experience to get the job done. We are doing successful short sale packages. Call us at 407-580-7011 to find out more about Orange County Short Sales and Orlando Area Short Sales.

Orlando Real Estate

Orlando area home sales have again experienced an increase in activity, with members of the Orlando Regional REALTOR® Association involved in the sale of 28.18 percent more homes in February of this year than February of last year: 1,219 to 951.

Median Sales Price for homes in the Orlando area as we all know has decreased significantly. Everyone is asking, where’s the bottom. Well, I’ll be the first to say that I see the bottom. I will go on record to say that we’re almost there.

I pulled this trend chart from Trulia and it represents the median sales price of homes. The most important lines are the black and red. The black line is actual sales of the median priced home. Notice that this jumped out of proportion during 2003 & 2004. If prices had not jumped due to supply and demand and had just progressed normally at a 3-5% increase, that average which is represented by the red line would be approx. $190,000 today.

However, the actual today is at $210,000. Therefore, I see the market still correcting another 10% and possibly more. Nothing says that we can’t go below this line. That may be possible for a short period of time to clear out the foreclosures and short sales. So there it is, my crystal ball is telling me that the market in Orlando will continue to decrease another 10% – 15% overall before we stablize.

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Jerry LaRose is an Orlando Area Residential Real Estate Expert, who can assist you with the purchase and/or sale of Real Estate in Orlando, Windermere, Winter Garden Florida or any place in the country. Jerry has created a team of professionals throughout Orlando and the country to ensure that you enjoy a smooth transition to your new area. Please visit www.JerrySellsOrlando.com for your real estate needs. Please give me a call if you have questions about the Orlando and Central Florida real estate market.

P.S. If you are listing your home as a short sale in Orange County Florida and Orlando, Windermere, Winter Garden, or Ocoee Florida make sure you hire an agent who knows how to do short sales and has the experience to get the job done. We are doing successful short sale packages. Call us at 407-580-7011 to find out more about Orange County Short Sales and Orlando Area Short Sales.