Central Florida Real Estate Recap of February 2024

New Orlando Regional REALTOR® Association data shows a Rise in the Median Home price.

State of the Market

  • Overall sales rose 26.5% from January to February. There were 2,174 sales in February, up from 1,719 sales in January. This comes after eight months of falling sales.
  • The median home price for February was recorded at $377,000, up from $360,000 in January. This comes after three months of falling median home price.
  • Pending sales increased by 17.8%, with 3,303 in January and 3,891 in February.
  • New listings rose 7.8% from January to February, with 3,799 new homes on the market in February, compared to 3,524 in January.
  • Inventory for February was…

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How Much You Should Spend Preparing Your House for Sale

HOW MUCH YOU SHOULD SPEND PREPARING YOUR HOUSE FOR SALE

Selling your home is a significant step, and preparing it for sale is a critical part of the process that can greatly influence both the sale price and how quickly it sells. Finding the right balance between investing in your home to make it appealing to potential buyers and ensuring you see a return on your investment requires careful consideration. 

How Much to Spend Preparing Your House for Sale?

The amount you should spend preparing your house for sale varies, but a general guideline is to allocate 1-3% of your home's asking price towards improvements and staging. This investment can significantly enhance your home's appeal and market value. For example, on a $300,000 home, this…

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Is Staging a Home Worth It? Pros & Cons Revealed 

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When it comes to selling your home, making the right first impression can be the difference between a quick sale and a property that lingers on the market. This brings us to the concept of home staging, a strategy used by sellers to make their home more appealing to potential buyers. But is the investment and effort of staging your home truly beneficial? Let’s dive into the world of home staging and reveal its pros and cons, especially for those looking to buy or sell in the vibrant Central Florida region.

Is Staging a Home Really Worth the Effort and Investment?

Staging a home for sale often involves a delicate balance of effort, investment, and strategic pricing. However, it's essential to…

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Central Florida Real Estate Recap of January 2024

New Orlando Regional REALTOR® Association data shows spike in listings kicking off the new year.

State of the Market

  • New listings rose 46.3% from December to January, with 3,524 new homes on the market in January, compared to 2,409 in December.
  • Inventory for January was recorded at 8,217, up 4.8% from December when inventory was recorded at 7,838.
  • The median home price for January was recorded at $360,000, down from $367,250 in December. This is the third month in a row that median price fell. Median price has dropped $17,000 since October 2023.
  • January’s interest rate was recorded at 6.5%, down slightly from 6.6% in December. This is the third month…

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5 Signs Your House Will Sell Quickly in 2024

5 Signs Your House Will Sell Quickly in 2024

What Usually Stops a House From Selling

As we enter the real estate landscape of 2024, selling your home might be on your agenda. Understanding the signs that indicate a quick sale can empower you as a homeowner. In this guide, we’ll delve into five key signs that suggest your house won’t linger on the market. Whether you’re in the Sunshine State or beyond, these insights are tailored to help you gauge how fast your home might sell.

1. Exceptional Market Demand in Your Area

Real estate is fundamentally driven by supply and demand. In areas where housing inventory is low but buyer interest is high, homes tend to sell rapidly. This demand can be influenced by various factors, including economic…

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3 Best Neighborhoods for Young Professionals in Orlando

3 Best Neighborhoods for Young Professionals in Orlando

Orlando, a city bursting with vibrant culture and a dynamic lifestyle, has rapidly evolved into a hotbed for young professionals. This transformation is largely driven by its thriving job market, which spans various booming industries such as technology, healthcare, and entertainment. Major companies, including Lockheed Martin and Siemens, along with a growing tech startup scene, offer abundant career opportunities. Additionally, the presence of renowned medical facilities and research institutes contributes to a robust healthcare sector.

This surge in diverse career options, coupled with Orlando's famed entertainment scene and quality living, makes it an increasingly popular choice…

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Discover the 3 Best Neighborhoods in Winter Haven, FL for Your Dream Home

Discover the 3 Best Neighborhoods in Winter Haven, FL for Your Dream Home

Nestled in the heart of Florida, Winter Haven is a city that exemplifies charm, community, and comfort. Known for its picturesque landscapes, serene lakes, and vibrant culture, Winter Haven has become a sought-after destination for those seeking a peaceful yet engaging lifestyle. But, is Winter Haven a good place to live in Florida? Absolutely! With its unique blend of tranquility and activity, this city offers something for everyone. Let’s explore the best neighborhoods in Winter Haven FL and know why these are an ideal place for your dream home.

Ruby Lake: A Gated Community of Serenity and Comfort

In the serene embrace of Winter Haven lies Ruby Lake, a neighborhood…

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What Not to Fix When Selling a House to Save Money

In the realm of real estate, the condition of a property significantly influences its sale price. Generally, well-maintained houses fetch higher prices. However, over-improving a home, especially in areas that don't yield a high return on investment (ROI), can lead to financial losses. As a seller, discerning which repairs or renovations are essential and which aren't is crucial. This article is designed to guide you through this process, helping you avoid unnecessary expenses and focus on what truly matters for a profitable sale.

Why Consult a Real Estate Expert Before Selling

Seeking advice from a real estate expert before listing your home is a game-changer for optimizing your sale price.…

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Average HOA Fees in Florida Compared [2024]

In 2024, understanding Homeowners Association (HOA) fees is more crucial than ever for anyone involved in the Florida real estate market. Whether you're a first-time buyer, a seasoned investor, or simply considering a move to the Sunshine State, these fees can significantly impact your budget and lifestyle decisions. This guide provides a comprehensive comparison of average HOA fees across various Florida locales, helping you make well-informed real estate choices.

Understanding HOA Fees in Florida

HOA fees are monthly or annual charges paid by homeowners within a community to cover shared amenities and services. These fees typically finance the maintenance of common areas, landscaping, and…

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