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August Market Pulse Update for Central Florida ( Orlando)

Written by Rick Aguirre | August 11, 2009 1:21 PM Market Conditions in Orlando

No comments | 111 views
Orlando Market Report April 2009

Written by Rick Aguirre | April 23, 2009 6:03 AM Market Conditions in Orlando

No comments | 110 views
January Market Update

Written by Rick Aguirre | January 5, 2009 8:26 AM Market Conditions in Orlando

No comments | 177 views

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Affordabilty Index Central Florida

Written by Rick Aguirre | December 10, 2008 10:51 AM Market Conditions in Orlando

No comments | 177 views
Orlando Market Update ( November Market Pulse)

Written by Rick Aguirre | December 10, 2008 10:46 AM Market Conditions in Orlando

No comments | 157 views
Orlando Zip Code 32828 November review

Written by Rick Aguirre | December 3, 2008 11:27 AM Market Conditions in Orlando

3 comments | 266 views

Here are some interesting stats for the 32828 zip code for November.
For single family homes that closed between November 1st thru Nov 30th the number is 39. Of those 11 were Bank owned or ( REO's Real Estate Owned). That is 28% of the market sales!

I went back to January to see how this is going to play out and discovered that in January there were only 3 Bank owned single family homes that closed. The big bump did not occur until May when the numbers jumped to 10 Bank Owned closed vs 45 total closings ( thats 22% for those of you who like math).

The Foreclosure market is building and by that I mean properties that have been foreclosed upon. Short sales that do not close end up Bank owned or auctioned. Short sale properties take longer time to close than the " Non Distressed" properties and Bank Owned properties. I can see the tide coming in and it has Bank Owned rolling on shore.

Stay tuned for more fun information.

Rick.

www.orlandorealestaterick.com
Market update Zip 32828

Written by Rick Aguirre | November 20, 2008 4:59 AM Market Conditions in Orlando

No comments | 85 views

I hope everyone is enjoying this cool weather. Nice to have a change for a bit. I ran some searches for 32828 and found cool stuff.

Bank owned or REO's which is becoming the new market standard for pricing is growing. Last week there were 29 Bank owned single family homes. November 10th

This week November 20th shows 35 Single Family homes! Even more interesting is there are 23 properties that have a Pending Contract!

What does this all mean? Buyers are Buying and they see the Value in this location and the Proproties.

One for instance is a Huge home in Stoneybrook over 3500 square ft that was priced under 250,000
Understand that this property was completely stripped out but also remember that this last sold for over $500,000

Value
Rick.