Home > Blogs > Peter Petridis' Blog
4,752 views

Peter Petridis' Blog

By Peter Petridis | Agent in Windermere, FL
  • Windermere Homes for Sale|Local Market Conditions and Statistics through mid January 2013

    Posted Under: Home Buying in Windermere  |  January 17, 2013 10:41 AM  |  1,095 views  |  No comments

    Windermere has almost 4 months supply of homes on the market and there fewer homes on the market today, 241 then there were at 12/31/12.  Windermere on the average sold 62 homes per month last year, with average sold price of $466,419 and the 12 month YTD Total was 750 homes sold.  

    There are sellers who want to sell but are still upside down and are not willing to go through a short sale.   With this shrinking inventory the home prices will eventually start creeping up which will eat away at the shortage that some of these sellers are currently facing. 

     

    From January 1, 2013 until today, January 16, 2013 there are 29 homes pending, 6 foreclosures and 12 short sales listed on the market.   Currently we have 241 active listings on the market.

     

    The data used on this chart came from Orlando Realtor Regional Association – ORRA:

    Windermere

    Zip Code

     

    34786

     Solds By Month    

    Units

    Jan

    33

    Feb

    53

    Mar

    64

    Apr

    69

    May

    72

    Jun

    82

    Jul

    63

    Aug

    78

    Sep

    56

    Oct

    52

    Nov

    65

    Dec

    63

     

     

    Total Sold YTD

    750

     

     

    Average Sold/per Month

    63

     

     

    Current Active Listings

    241

     

     

    Months Supply on Hand

    3.86

    As of January 16, 2013

    1/16/13

     

     

    Pending

    29

     

     

    Foreclosures

    6

     

     

    Short Sales

    12

     

     

    Current Active Listings

    241

  • Orlando Fl short selling your home|Mortgage Forgiveness Debt Relief Act

    Posted Under: Foreclosure in Orlando  |  January 4, 2013 7:48 PM  |  1,155 views  |  No comments

    Congress just passed a bill to avert the “Fiscal Cliff.”  With this bill there is a key component that will help the local Orlando Fl real estate market.  The Mortgage Forgiveness Debt Relief Act has been extended to January 2014.  This act will allow homeowners that are short selling their home to do so without facing any large tax bill.  The tax break comes in a tax relief for the amount of the mortgage that the home owner was forgiven when the home is sold.  Without this forgiveness the home owner could have faced a large tax bill when the mortgage company reported the sale to the IRS.

    If you are behind on your mortgage and can not afford your to keep your home, let me assist you in short selling your home.  I will be happy to explain the process to you and show you how this process works.

    Please call Peter Petridis from Wendy Morris Realty to help you with your home.    

 
Copyright © 2014 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer