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Real Estate News in the Central Florida Area and Around the Country.

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ORLANDO MEDIAN PRICE RISES IN OCTOBER WHILE SALES AND INVENTORY DROP

October 2019 Recap

Orlando’s housing market in recorded a 6% year-over-year increase in median price and a small 1% decrease in sales in October. The inventory of homes available for purchase appears to be back on a declining trend, with a decrease (5%) for the third consecutive month.

“Low inventory translates into opportunity for sellers,” says Orlando Regional REALTOR® Association President Jeffrey M. Fagan, Watson Realty Corp. “Declining interest rates mean greater purchasing power, which is alluring to buyers, and our local demand is illustrated by an 8 percent increase in pending sales for October.”

“The holidays and wintertime are actually excellent times to list a

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If you’re looking to sell your home this year or early next, then you’ve probably started noticing all the things you think you need to change to get it ready to list. 

 

The kitchen you always wanted to renovate. The dated wallpaper in the bathroom. The laundry room that just didn’t function well. 

 

Well, before you start getting quotes from contractors and digging into your savings, it’s important to know that major renovations almost invariably have a much lower return on investment (ROI) than small- to mid-range ones. 

 

The reason? Buyers don’t actually need a fully remodeled kitchen or perfectly modern bathroom. Instead, buyers tend to focus on specific details when they’re looking at a home, and if you get these right, you’ll

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ORLANDO MEDIAN PRICE GAINS WHILE INVENTORY DROPS AND SALES HOLD STEADY

Orlando’s housing market in August saw both its largest increase (+9%) in year-over-year median price and its first inventory decline (-2%) in 2019. Sales were up a tiny fraction (+0.1) compared to August 2018.

“Orlando’s ongoing challenge with the lower-price range categories, which have solid demand and insufficient supply, is consequently pushing up home prices,” says Orlando Regional REALTOR® Association President Jeffrey M. Fagan, Watson Realty Corp. “In addition, while our local economic indicators — particularly very favorable interest rates — point toward a housing strong market, low supply that leaves first-time homebuyers with few options is restraining sales up the

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Should You Fix Your House Up or Sell Now?

With the fall season upon us, change is in the air. For many families, children are growing up and moving out of the house, maybe leaving for college or taking a jump into the working world. Parents are finding themselves as empty nesters for the first time. The question inevitably arises: is it finally time to downsize?

If you’re pondering that thought, you may also be wondering if you should fix-up your house before you sell it, or go straight to the market as-is, allowing a potential buyer to do the updates and remodeling. If you’re one of the many homeowners this camp, here are a few tips to help you decide which way to go.

1. Analyze Your Market

A real estate professional can help you to understand your market and the potential level of

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Gorgeous Solterra Models are for Sale!


Find your dream vacation home at Solterra where you can spend all day at the attractions and then slip away to your quiet vacation home. 6 single family home designs offer up to 7 bedrooms, 5.5 bathrooms and 2 car garages with plenty of space for Owner’s storage.
 
Amenities include a resort-style pool with lazy river and water slide, poolside cabanas, onsite grille and bar at the clubhouse, fitness center, playground, open sports field, tennis courts, and walking trails.  

Two Models are For Sale!


Hideaway

$462,715
 
3,117 Sq. Ft.
6 Beds | 4.5 Baths
5561 Misty Oak Cricle, Davenport, FL 33837
Available: Closing
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Gallup polls continue to report real estate as the preferred investment choice for Americans, topping stocks and besting gold for another year in a row. Surprised that real estate beats out gold with American investors? Read on to discover four reasons why real estate investing is the safest choice.

With many advisors predicting the end of the bull market, investors with all of their eggs in the stock market basket could be headed towards losing the gains they’ve experienced over the last eight years or so. Real estate, however, is much less of a gamble and far more accessible for potential investors.

Low-risk

Unlike the stock market, which is unpredictable at best, real estate investors can make market predictions based on hard data to

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How Long Does It Take To Build A House

Two things can happen when you start house hunting: either you close on a property or find the perfect lot to build your dream house from scratch.

If you take the second route, be prepared for a relatively lengthy process.

According to a 2018 Survey of Construction by the Census Bureau, the average completion time for a single-family home is a little over six months. But this can reach 8 months or more depending on how custom it is and who is making the building decisions.

If you can’t find a home for sale in Winter Haven FL that you like, and choose to build your dream home from scratch, here are some things that you will have to deal with throughout the whole process.

Factors that will affect how long a new home takes to build 

Pre-Construction

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