If your home’s value is at $136,422 or less it falls in the Orlando area first time home buyer’s price range according to information released by the Orlando Realtor Association.
Take a look around your neighborhood or community. Have there been foreclosure sales this year? Are there bank owned listings still for sale? If there are then you can expect your home’s value to continue to decline as these properties secure buyers and close over the next several months. If you have owned your home for [...]
According to The National Association of Realtors, in the South, the number of homes sold in November 2008 dropped 10.9% over the same time last year.
Search for homes Housing market data As the end of the year approaches many home owners, buyers and interested parties may have an interest in receiving market data for housing in their area. I can provide date per request for your area, home, town or city. The data available includes: Average sales prices Cost per [...]
According to the Florida Association of Realtors: Florida’s median sales price for existing homes last month was $158,300; a year ago, it was $217,000 for a 27 percent decrease. The median is the midpoint; half the homes sold for more, half for less. Contact me to find out the value of your home.
The following is from a ORRA report through November ’08 and lists the average price per square foot for homes that have sold in the following counties. Orange $136.75 Lake $106.07 Osceola $109.95 Seminole $135.54 Volusia $105.54 Polk $92.56 Contact me to determine the value of your home.
Home owners continue to be slammed from all sides when it comes to their home’s value. Huge listing inventories, short sale transactions and foreclosure homes that are now selling in our market are driving down home values across the board. A clear example of the effect this market is having on home value is found in [...]
The National Association of Home Builders noted in a press release today that new home construction fell to record lows in November. Citing the need for Congress and the Administration to fix housing first, the Builders called for efforts to stimulate housing in order to stop falling home values.
In a recent press release: “If Congress enacts a meaningful tax credit, coupled with an aggressive interest rate buy-down program, we are confident that these measures will help to stabilize home prices, prevent future foreclosures, restore consumer confidence and start creating jobs,” said NAHB President and CEO Jerry Howard.
According to the Orlando Realtor Association the median price of a home declined 28.90% from November 2007 and down 4.91% from October of this year. Has your home dropped in value? Contact me to find out.