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

Where Are The Best Places To Live In Florida Right Now?

When most people picture Florida, the first things that come to mind are the beautiful beaches and the seemingly endless supply of sunny days and clear skies. This is absolutely a draw - after all, it is the Sunshine State! But Florida has so much to offer, from theme parks to historic sites, and many cities meet almost any needs. 

Florida is so much more than just the bustling Miami nightlife you see on TV. In fact, some of the most popular cities for new residents are far north of well-known South Beach! 

The top ten places to live in Florida are:

  1. Sarasota
  2. Naples
  3. Melbourne 
  4. Davenport
  5. Tampa
  6. Clermont
  7. Orlando
  8. Port St. Lucie
  9. Lakeland
  10. Windermere

…

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Central Florida Real Estate Market Recap of May 2022

May’s median home price was recorded at $379,950, an increase of 2.7% compared to $370,000 in April 2022

May 2022 Recap

State of the Market

  • Inventory increased by 44.2% from April 2022 to May 2022, with over 1200 additional homes hitting the market in May compared to April – this is the highest monthly increase in Orlando inventory to date
  • May’s median home price was recorded at $379,950, an increase of 2.7% compared to $370,000 in April 2022; this sets a record high for the fourth month in a row.
  • Interest rates increased from 4.9% in April 2022 to 5.3% in May 2022. This is the highest interest rates in the Orlando area have been since 2009. This is also…

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Central Florida Real Estate Market Recap of April 2022

April’s median home price was recorded at $370,000. This sets a record high for the third month in a row.

April 2022 Recap

State of the Market

  • April’s median home price was recorded at $370,000, an increase of 2.5% compared to $361,000 in March 2022; this sets a new record high for the third month in a row.
  • Interest rates increased by 17.6% from 4.2% in March 2022 to 4.9% in April 2022. This is a 66% increase compared to April 2021 when interest rates were at 3%.
  • Overall sales in April decreased by 7.3%, with a total of 3,800 sales compared to 4,100 sales in March 2022. This is a 7% decrease compared to April 2021 when overall sales were recorded at 4,081.
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Central Florida Real Estate Market Recap of March 2022

March’s median home price was recorded at $361,000. This sets a record high for the second month in a row.

March 2022 Recap

State of the Market

  • March’s median home price was recorded at $361,000, an increase of 4.6% compared to $345,000 in February 2022. This sets a record high for the second month in a row.
  • Interest rates increased by 8.7% from 3.9% in February 2022 to 4.2% in March 2022.
  • Overall sales in March increased by 28.2%, with a total of 4,100 sales compared to 3,198 sales in February 2022.
  • Homes spent an average of 27 days on the market in March, down 10% from February 2022 when the average was 30.
  • Inventory increased in March by 7.1% from…

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February’s median home price was recorded at $345,000, an increase of 2.99% compared to January 2022

February 2022 Recap

State of the Market

  • Overall sales in February increased by 5.44%, with a total of 3,198 sales compared to 3,033 sales in January 2022.
  • February’s median home price was recorded at $345,000, an increase of 2.99% compared to January 2022 and setting a new record high, surpassing December 2021’s record high of $340,000. The median home price in February 2021 was $280,000.
  • Homes spent an average of 30 days on the market in February, down slightly from January 2022 when the average was 32.
  • Inventory continued to drop in February, decreasing by 2.77% from January 2022 for a total of 2,313 homes on…

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What is the Average Cost to Build a 1,500 sq ft House? 

what-is-the-average-cost-to-build-a-1500-square-foot-house

 

Buying any home is a huge investment, and you may consider many factors when making a decision for your family. This can include whether to build a new home or buy an existing one and what your requirements, including size, are. The average-sized home in 2019 was about 2,500 square feet- but what if you need less space and prefer to build a new home in Davenport, FL? We will break down the average cost of a 1500 sq ft home to help you determine if this is the right path for you.

What Can 1500 Square Feet Include?

Most of us cannot instantly visualize what 1500 square feet means, especially when it is in the shape of a house, which could include different features and stories. An…

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What Does Pending Mean in Real Estate

If you spend time looking at online listings of Champions Gate homes for sale, you’ve probably experienced the disappointment of seeing your dream home listed as “pending.” But does that mean all hope is lost?

A pending description means an offer has been accepted, but it is not a guarantee that the deal will go through. You can keep an eye on the listing and look for opportunities to swoop in if the listing remains available.

What “Pending” Really Means

A listing will be changed to “pending” when the homeowner has accepted an offer from a buyer. This means they may have negotiated on a price and other terms, and both parties have decided those terms are acceptable. There will be a contract executed that states the price, conditions,…

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December’s median home price was recorded at $340,000, closing the year with the highest median home price ever recorded.

Orlando Regional REALTOR® Association releases overall 2021 data, revealing a historic year of real estate in Orlando, including an all-time record low for inventory and an all-time record high for median home price.

2021 Annual Market Recap 

(Cumulative 2021 totals compared to cumulative 2020 totals)  

  • The overall median home price in 2021 was recorded at $310,000, a record high and a 17% increase compared to 2020 when the overall median home price was recorded at $265,000.
  • Overall sales in 2021 increased by 23.6% with a total of 45,572 sales. Overall sales in 2020 were recorded at 36,871.
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What Is a Drop Zone in a House

What Is a Drop Zone in a House?

Whether you are building a new house, renovating your current one, or shopping for a home, there are endless design considerations to take into account. Some of these may be front of mind, like appliances or paint, while others may be less obvious or even luxuries you add on at the end of the process. One thing you may hear about as you view homes for sales in Winter Haven, FL, is a drop zone. In this case, the name says a lot- this is basically a place you dedicate in your home to act as a catch-all for items you use daily. If this is something interesting to you in a new home, read on for information about drop zones and tips for setting one up.

Is a Drop Zone Just a Mudroom?

When many people think of a drop…

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What Is the Best Age to Buy a Home

What is the best age to buy a home

The right time to buy a home will differ for every person, but it is common to wonder if there is a “sweet spot” to take this step. A home can be the largest investment many people will ever make, and deciding whether to become a homeowner will have financial implications for years. Before looking at homes for sale in Haines City, you should consider your goals and lifestyle and if this time makes sense for you. One factor you consider during this decision may be your age, in addition to a range of other questions.

At What Age Do Most People Buy Homes?

While you will have to make the decision to buy a home independently, it can be helpful to know what the most common behavior is amongst others. Overall,…

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