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Orlando Home Sales Prices Up for the 3rd Month in a Row!
Orlando existing home prices increased 5 percent to $115,000 during the month of April, the third consecutive monthly increase, according to a report released today by the Orlando Regional Realtor Association. |
| Mortgage Rates Hit Yearly Low! The average rate on a 30-year fixed rate mortgage dipped to 4.84 percent from 4.93 percent a week earlier, Freddie Mac said. It was the lowest level since mid-December, when rates averaged 4.81 percent.
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Orlando House Sales Hit Record Affordability - It’s a Great Time To Buy: Homes More Affordable than Ever!
Central Florida home prices are so low that buyers earning the median household income can now afford two mid-priced houses. While prices have been cut in half during the past three years — from a peak of $250,000 in mid-2007 to $110,000 in March — wages have not dropped off at all, reports show. While those freefalling prices have left 48 percent of Florida’s mortgage holders underwater on their home loans, about 11,000 Orlando-area buyers have benefited in the past five months by purchasing during record levels of affordability, which is measured by comparing prices and wages. |
Condominiums are now selling faster in Central Florida than they did at the peak of the real-estate market four years ago, when renters, retirees and eager urbanites, seized by condo fever, were snapping them up in Metro Orlando at the rate of 20 a day.
In March, buyers closed on 790 condo units in the four-county metro area — 25 percent more than in March 2006, when real-estate agents were celebrating a then-astronomical 630 sales
Click Here to Read the Orlando Sentinel Article
There are some Great Condo Investment Opportunities. Cash or ask me about investor loans. I can get them. And with Fannie Mae REO Foreclosure HomePath.com properties, I can get even better interest rates with quicker closings – 15 days. Call or Email me for more information.
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People are always looking for just the right home. Because I have been able to watch our great community change and grow over the years, I know what makes each neighborhood unique, special and just right for you. I can help you find out more about each communities history, schools, and price points, so we can find the one that fits your family the best. Here at Keller Williams Realty we are known for providing the highest level of customer service. And with My 10+ Customer Service Commitment to you, I will help you find your America Dream.
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Orlando Neighborhood's Zip Codes
Altamonte Springs - 32701
Azalea Park, Park Manor - 32807
Casselberry - 32707
College Park - 32804
Colonialtown - 32803
Fern Park, Casselberry - 32730
Lake Mary, Heathrow - 32746
Longwood - 32750
Maitland - 32751
Orlando - 32801
Oviedo - 32765
Sanford - 32773
University area, Union Park - 32817
Winter Park, Aloma - 32792
Winter Park - 32789
Winter Springs, Tuscawilla, Casselberry - 32708
"I am your Downtown and Northeast Orlando Real Estate Expert."
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