We had another good week last week in College Park with 9 properties going under contract.
First time home buyers (or anyone not having owned a house in 3 years) have a great leg up right now. On home purchases through 12/1/2009, they will receive an $8,000 tax credit that does not have to be paid back. The credit also applies to divorced, single moms purchasing a home this year. Let me know if you would like more information.
Rates hit an all time low last week, averaging at 4.625% on a 30 year fixed!
CLOSED SALES: 3/16/2009 - 3/22/2009
1706 OAKMONT LN: 2/1 - 1,341 sq/ft - $239,900
2801 ARDSLEY DR: 4/3 - 2,686 sq/ft - $750,000 (Lk. Silver)
1337 VASSAR ST: 3/1/1 - 1,334 sq/ft - $213,000 *SS
*SS = Short Sale
*BO = Bank Owned
OTHER MARKET ACTIVITY: 3/23/2009 - 3/29/2009
New Listings: 8
Pending Sales: 9
Price Reductions: 19
PRESENTLY ON THE MARKET: 3/29/2009
Active Listings: 282
Under 100K: 10
100K - 199,999: 56
200K - 299,999: 87
300K - 399,999: 41
400K - 499,999: 20
500K - 599,999: 14
600K - 699,999: 21
700K - 799,999: 7
800K - 899,999: 8
900K - 999,999: 3
Over $1,000,000: 15
Total Pending Sales: 31
The above numbers come from single family homes and condos listed in the MLS in the 32804 zip code. Please contact me for more specific information, or for statistics on commercial property or vacant land.
Monday, March 30, 2009
Monday, March 23, 2009
I am definitely seeing an uptick in activity in the market these days. With rates dropping again, as well as prices, buyers are jumping in. Last week 4 properties went under contract in College Park listed between $149,900 - $399,900 and there were 5 closed sales (below). Inventory remains under 290 active listings.
Average mortgage rates dropped last week to 5% on a 30 year fixed and rates on a 15 yr. fixed fell to 4.625%. Keep in mind that's an average. I heard of a few people locking in last week at 4.675% on a 30 yr. fixed.
CLOSED SALES: 3/16/2009 - 3/22/2009
927 ASHINGTON PL: 2/3/1 - 2,033sq/ft - $180,000
2916 HELEN AVE: 3/2/1 - 1,895 sq/ft - $260,000
1341 W HARVARD ST 3 / 2 1,516 N 1940 $5,105 $155,000 *BO
534 W PAR ST #534: 2/2 - 1,200 sq/ft - $150,000 *SS
12 W VANDERBILT ST.: 5/3/2 - 3,654 sq/ft - $595,000 *SS
*SS = Short Sale
*BO = Bank Owned
OTHER MARKET ACTIVITY: 3/16/2009 - 3/22/2009
New Listings: 9
Pending Sales: 4
Price Reductions: 24
PRESENTLY ON THE MARKET: 3/23/2009
Active Listings: 286
Under 100K: 10
100K - 199,999: 58
200K - 299,999: 88
300K - 399,999: 42
400K - 499,999: 20
500K - 599,999: 13
600K - 699,999: 22
700K - 799,999: 7
800K - 899,999: 7
900K - 999,999: 3
Over $1,000,000: 16
Total Pending Sales: 25
The above numbers come from single family homes and condos listed in the MLS in the 32804 zip code. Please contact me for more specific information, or for statistics on commercial property or vacant land.
Average mortgage rates dropped last week to 5% on a 30 year fixed and rates on a 15 yr. fixed fell to 4.625%. Keep in mind that's an average. I heard of a few people locking in last week at 4.675% on a 30 yr. fixed.
CLOSED SALES: 3/16/2009 - 3/22/2009
927 ASHINGTON PL: 2/3/1 - 2,033sq/ft - $180,000
2916 HELEN AVE: 3/2/1 - 1,895 sq/ft - $260,000
1341 W HARVARD ST 3 / 2 1,516 N 1940 $5,105 $155,000 *BO
534 W PAR ST #534: 2/2 - 1,200 sq/ft - $150,000 *SS
12 W VANDERBILT ST.: 5/3/2 - 3,654 sq/ft - $595,000 *SS
*SS = Short Sale
*BO = Bank Owned
OTHER MARKET ACTIVITY: 3/16/2009 - 3/22/2009
New Listings: 9
Pending Sales: 4
Price Reductions: 24
PRESENTLY ON THE MARKET: 3/23/2009
Active Listings: 286
Under 100K: 10
100K - 199,999: 58
200K - 299,999: 88
300K - 399,999: 42
400K - 499,999: 20
500K - 599,999: 13
600K - 699,999: 22
700K - 799,999: 7
800K - 899,999: 7
900K - 999,999: 3
Over $1,000,000: 16
Total Pending Sales: 25
The above numbers come from single family homes and condos listed in the MLS in the 32804 zip code. Please contact me for more specific information, or for statistics on commercial property or vacant land.
Monday, March 16, 2009
I think we can all use some positive news, wouldn't you say?
Here's a "positive" fact: In the U.S., 96.7% of all homes with a mortgage are NOT in foreclosure!
And this, from the Orlando Realtor Association:
Orlando REALTORS® filed 58.36% more contracts in the month of February (2,434) than in February 2008 (1,537). Overall, pending sales — considered by housing economists to be a reliable indicator of future sales — continued its upward trend in February to 4,348. There are twice as many more homes under contract in February 2009 than compared to February 2008 (2,175). The median price of Orlando homes sold in February ($145,500) decreased by 34.75% compared to February 2008. (Sorry, that part isn't good news, but we have to take the good with the bad)
Last week 3 properties went under contract in College Park. They were listed between $74,900 - $199,900.
Average mortgage rates dropped last week to 5.03% on a 30 year fixed and rates on a 15 yr. fixed fell to 4.64%. (These rates do not include add on points)
CLOSED SALES: 3/9/2009 - 3/15/2009
976 W FAIRBANKS AVE: 3/2 - 1,055 sq/ft - $80,000
OTHER MARKET ACTIVITY: 3/9/2009 - 3/15/2009
New Listings: 7
Pending Sales: 3
Price Reductions: 18
PRESENTLY ON THE MARKET: 3/15/2009
Active Listings: 287
Under 100K: 10
100K - 199,999: 53
200K - 299,999: 93
300K - 399,999: 43
400K - 499,999: 19
500K - 599,999: 13
600K - 699,999: 24
700K - 799,999: 7
800K - 899,999: 7
900K - 999,999: 3
Over $1,000,000: 15
Total Pending Sales: 25
The above numbers come from single family homes and condos listed in the MLS in the 32804 zip code. Please contact me for more specific information, or for statistics on commercial property or vacant land.
Here's a "positive" fact: In the U.S., 96.7% of all homes with a mortgage are NOT in foreclosure!
And this, from the Orlando Realtor Association:
Orlando REALTORS® filed 58.36% more contracts in the month of February (2,434) than in February 2008 (1,537). Overall, pending sales — considered by housing economists to be a reliable indicator of future sales — continued its upward trend in February to 4,348. There are twice as many more homes under contract in February 2009 than compared to February 2008 (2,175). The median price of Orlando homes sold in February ($145,500) decreased by 34.75% compared to February 2008. (Sorry, that part isn't good news, but we have to take the good with the bad)
Last week 3 properties went under contract in College Park. They were listed between $74,900 - $199,900.
Average mortgage rates dropped last week to 5.03% on a 30 year fixed and rates on a 15 yr. fixed fell to 4.64%. (These rates do not include add on points)
CLOSED SALES: 3/9/2009 - 3/15/2009
976 W FAIRBANKS AVE: 3/2 - 1,055 sq/ft - $80,000
OTHER MARKET ACTIVITY: 3/9/2009 - 3/15/2009
New Listings: 7
Pending Sales: 3
Price Reductions: 18
PRESENTLY ON THE MARKET: 3/15/2009
Active Listings: 287
Under 100K: 10
100K - 199,999: 53
200K - 299,999: 93
300K - 399,999: 43
400K - 499,999: 19
500K - 599,999: 13
600K - 699,999: 24
700K - 799,999: 7
800K - 899,999: 7
900K - 999,999: 3
Over $1,000,000: 15
Total Pending Sales: 25
The above numbers come from single family homes and condos listed in the MLS in the 32804 zip code. Please contact me for more specific information, or for statistics on commercial property or vacant land.
Monday, March 9, 2009
Spring is in the air and the phones are starting to ring. We are still seeing most of the activity in the 250K and under range as first time home buyers take advantage of low prices and FHA financing. Buyers are still taking their time, however, the number of showings in that price range is on the rise.
Last week four properties went under contract in College Park. They were listed between $59,900 - $495,000.
Average mortgage rates rose last week to 5.15% on a 30 year fixed and remained the same at 4.72% on a 15 year fixed. (These rates do not include add on points)
CLOSED SALES: 3/2/2009 - 3/8/2009
1317 Gunnison Ave: 3/2 - 1,813 sq/ft - $389,000
OTHER MARKET ACTIVITY: 3/2/2009 - 3/8/2009
New Listings: 6
Pending Sales: 4
Price Reductions: 21
PRESENTLY ON THE MARKET: 3/8/2009
Active Listings: 285
Under 100K: 11
100K - 199,999: 50
200K - 299,999: 92
300K - 399,999: 41
400K - 499,999: 20
500K - 599,999: 14
600K - 699,999: 26
700K - 799,999: 6
800K - 899,999: 7
900K - 999,999: 3
Over $1,000,000: 15
Total Pending Sales: 24
The above numbers come from single family homes and condos listed in the MLS in the 32804 zip code. Please contact me for more specific information, or for statistics on commercial property or vacant land.
Last week four properties went under contract in College Park. They were listed between $59,900 - $495,000.
Average mortgage rates rose last week to 5.15% on a 30 year fixed and remained the same at 4.72% on a 15 year fixed. (These rates do not include add on points)
CLOSED SALES: 3/2/2009 - 3/8/2009
1317 Gunnison Ave: 3/2 - 1,813 sq/ft - $389,000
OTHER MARKET ACTIVITY: 3/2/2009 - 3/8/2009
New Listings: 6
Pending Sales: 4
Price Reductions: 21
PRESENTLY ON THE MARKET: 3/8/2009
Active Listings: 285
Under 100K: 11
100K - 199,999: 50
200K - 299,999: 92
300K - 399,999: 41
400K - 499,999: 20
500K - 599,999: 14
600K - 699,999: 26
700K - 799,999: 6
800K - 899,999: 7
900K - 999,999: 3
Over $1,000,000: 15
Total Pending Sales: 24
The above numbers come from single family homes and condos listed in the MLS in the 32804 zip code. Please contact me for more specific information, or for statistics on commercial property or vacant land.
Sunday, March 1, 2009
We got some good news last week regarding FHA mortgages. The loan limit for FHA financing was raised to $353,750 for most of Central Florida. One of the biggest benefits for buyers obtaining an FHA loan is the down payment required is only 3.5%. Most conventional loans are requiring at least 10% down, but 20% in many cases. Raising this limit will allow more buyers to get into a new home.
In College Park last week four properties went under contract. They were listed between $225,000 - $649,000.
Average mortgage rates rose last week to 5.07% on a 30 year fixed and remained the same at 4.68% on a 15 year fixed. (These rates do not include add on points)
CLOSED SALES: 2/23/2009 - 3/1/2009
103 E KING ST: 4/3 - 1,627 sq/ft - $163,000 *BO
4307 EDGEWATER DR: 2/1 - 999 sq/ft - $75,000 *BO
1437 YATES ST: 3/2 - 1,071 sq/ft - $160,000
611 BRYN MAWR ST: 2/1/1 - 1,126 sq/ft - $122,500 *BO
*BO = Bank Owned
OTHER MARKET ACTIVITY: 2/23/2009 - 3/1/2009
New Listings: 10
Pending Sales: 4
Price Reductions: 30
PRESENTLY ON THE MARKET: 3/1/2009
Active Listings: 284
Under 100K: 10
100K - 199,999: 52
200K - 299,999: 89
300K - 399,999: 40
400K - 499,999: 21
500K - 599,999: 14
600K - 699,999: 28
700K - 799,999: 6
800K - 899,999: 6
900K - 999,999: 3
Over $1,000,000: 15
Total Pending Sales: 20
The above numbers come from single family homes and condos listed in the MLS in the 32804 zip code. Please contact me for more specific information, or for statistics on commercial property or vacant land.
In College Park last week four properties went under contract. They were listed between $225,000 - $649,000.
Average mortgage rates rose last week to 5.07% on a 30 year fixed and remained the same at 4.68% on a 15 year fixed. (These rates do not include add on points)
CLOSED SALES: 2/23/2009 - 3/1/2009
103 E KING ST: 4/3 - 1,627 sq/ft - $163,000 *BO
4307 EDGEWATER DR: 2/1 - 999 sq/ft - $75,000 *BO
1437 YATES ST: 3/2 - 1,071 sq/ft - $160,000
611 BRYN MAWR ST: 2/1/1 - 1,126 sq/ft - $122,500 *BO
*BO = Bank Owned
OTHER MARKET ACTIVITY: 2/23/2009 - 3/1/2009
New Listings: 10
Pending Sales: 4
Price Reductions: 30
PRESENTLY ON THE MARKET: 3/1/2009
Active Listings: 284
Under 100K: 10
100K - 199,999: 52
200K - 299,999: 89
300K - 399,999: 40
400K - 499,999: 21
500K - 599,999: 14
600K - 699,999: 28
700K - 799,999: 6
800K - 899,999: 6
900K - 999,999: 3
Over $1,000,000: 15
Total Pending Sales: 20
The above numbers come from single family homes and condos listed in the MLS in the 32804 zip code. Please contact me for more specific information, or for statistics on commercial property or vacant land.
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