For several months we have dealt with multiple offers on the newest bank owned home to hit the market. Today I spoke with one of my agents who commented that their buyers have lost out on two traditional homes, both accepting offers higher than list price. I define a traditional home as one not [...]
The median sales price of a home in Florida was down 7% in February compared to the same time last year. February’s median sales price according to the National Association of REALTORS was $131,300. This is no big surprise as bank owned and short sale listings continue to adjust the market value of homes [...]
When called to prepare a market analysis for a home owner who is not facing foreclosure or in a short sale situation the task has been made difficult by the number of distressed sales throughout the majority of the Florida market place. Traditional sellers have maintained the condition of their homes better than distressed [...]
The Orlando real estate association reports that the median sales price of all existing homes sold in July rose 2.92 percent to $135,000 from the $131,175 recorded in June. Press Release Rising home prices will be taken into consideration as agents complete market analysis for Florida homeowners thinking of selling. There is is [...]
Are Florida home prices going up? According to the Florida Association of Realtors® the State’s median sales price was higher than reported for the previous month. This is potentially good news for home owners across the State. Should this trend continue and home prices rise, home owners will start seeing their value return over time.
Potential home sellers may be pleased to find out that any market analysis conducted on their home may be influenced by the increase in home sales during May. Why localized and every home owner should check the trends for their area, an uptick in sales will eventually lead to stabilized prices.
Are broker price opinions reducing the value of your home? The lender will often rely on a broker price opinion to determine at what price they will sell their REO property. Tampa Bay Online wrote an interesting article discussing this issue. I have heard of BPOs being conducted without the agent ever stepping foot [...]
The median sales price for a Florida home decreased by 31% when comparing April 2008 to April 2009 according to the Florida Association of REALTORS. The huge decrease can be contributed to the increase of home sales being fueled by distressed property sales of foreclosures and short sales.
Citing unemployment, tighter lending restrictions and the excessive inventory of homes, The Seattle Times reports in an article Home prices may be lost for a generation, that home prices throughout the majority of the country will remain depressed for some time. In Florida bank owned sales continue to drive the market. These sales continue to [...]
Information released this week by the Orlando real estate association reported 75% of April sales were for less than $200,000. This could suggest a healing real estate market according to the press release.