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June Market in a Minute

June Market in a Minute

Welcome to this months Market in a minute. We all know the housing market is booming and setting records. Median home prices in the Orlando area reached a new high in June 2021: $315,000. That is a 5% increase from the previous month and a 19% increase over June 2020, when the median home price was $265,000.

Across the state closings in June were up 24% on June last year when the rebound from pandemic started but we are seeing things revert back to a more normal level.

Our real challenge continues to be inventory. We are over 47% below inventory levels for last year, but there are signs pointing to us having reached the peak of the seller’s market.

Inventory of single-family homes had its first significant monthly increase in June since March of last year. Remember we were in a seller market before the pandemic started, but the ratio of buyers to sellers is finally starting to fall a little bit,

So, if we had more homes come to market in June why are inventory levels setting record lows – well, it’s not that we have fewer listings it’s simply a surge in demand ……we have more buyers fueled by low interest rates and people moving into the state.

Looking forward we should see the rate of home price growth cool down somewhat in the coming months, although that will also depend on interest rates and whether they start to trend higher again, as well.

Well that’s all for now but remember every market and every community is different so for the latest information make sure you speak with your Realtor here at Bardell Real Estate and I look forward to seeing you next month

Ready to make a Move?

Bardell Real Estate are the experts in helping you with your selling, buying or renting needs near Orlando, Florida. Make your Disney area experience a forever memorable one. Call us now to speak to a real estate agent.

 

Preservation Pointe Community

Preservation Pointe Community

Tohoqua Reseve Clubhouse
Preservation Pointe’s wetland conservation areas and spectacular water views make this community a beautiful place to enjoy your new home by Hanover Family Builders. There’s convenient access to Central Florida’s world-class entertainment, plenty of area dining options and a myriad of shopping opportunities nearby. It’s only a short 20-minute drive to Walt Disney World® Resort and Posner Park is less than 10-minutes away.
The  homes for sale are priced from the mid $292,099 – $342,999 and range from 1,329 – 2,536 Square Feet . Their eight available floorplan options of single-family homes and are one to two stories, include  three to four bedrooms and bathrooms and have attached two-car garages.

Preservation Pointe  homes have a unique collection of premium standard features, which give our homes with that extra special feel. The exclusive Hanover Master Bathroom features the Kohler® DTV Prompt Digital Showering System with one-touch control LCD display, Kohler® rain-head, separate Kohler® handheld shower and frameless, beveled-edge heavy glass enclosure. Hanover homes come standard with attractive, long-lasting decorative pavers on the driveway, lead walkway and entryway. And there’s so much more we’d love to tell you about! Call or text to schedule your appointment.

 

Kitchen at Preservation Pointe
Dining room at Preservation Pointe

Ready to make a Move?

Bardell Real Estate are the experts in helping you with your selling, buying or renting needs near Orlando, Florida. Make your Disney area experience a forever memorable one. Call us now to speak to a real estate agent.

May 2021 Home sales Report

May 2021 Home sales Report

May 2021 Home sales Report

 

Welcome to this months Florida Market in a minute. We continue to hear there are two few homes on the market but inventory of single-family homes in the Orlando area actually *increased* in May, the first time since September 2020. It was a small increase, but seen as significant by many as a sign that we might finally be at the start of a long march back toward balanced market.

The number of new listings increased for a third straight month but with just over a three week supply of homes we remain well below what is considered a balanced market.

Average interest rates are staying level at just below 3% – lower than they were in May 2020 and that continues to keep buyer demand high which in turn maintains upward pressure on home prices.

Florida Realtors reported that over half of all single-family home sales were sold above their original listing prices. Not surprisingly the median home price in the Orlando area was up again in May, rising to $300,000O – that’s 15% up from May 2020.

Sales in May were slightly down compared with April but that was due simply to a lack of inventory as housing demand continues to dramatically outpace supply.

Well that’s all for now but remember every market and every community is different so for the latest information make sure you speak with your Realtor here at Bardell Real Estate and I look forward to seeing you next month.

 

Around the United States:

  • Pending home sales rose 8% in May from the prior month and 13.1% from one year ago.

Pending home sales rebounded strongly in May, reaching the highest reading ever for the month of May since 2005, according to the National Association of Realtors®. All four U.S. regions registered both month-over-month increases and year-over-year gains for pending home sales contract transactions for the month of May.

  • The May 2021 Pending Home Sales Index of 114.7 is the highest reading for May since 2005.

Although there has been a series of obstacles over the last year, including an unprecedented pandemic, record-high prices and all-time low inventory, buyers are still lining up at a feverish pace,

  • Contract signings rose in all regions in May compared to the prior month and one year ago.

Pending contracts are good early indicators of upcoming sales closings. However, the amount of time between pending contracts and completed sales are not identical for all home sales. Variations in the length of the process from pending contract to closed sale can be caused by issues such as buyer difficulties with obtaining mortgage financing, home inspection problems, or appraisal issues.

NOTE: This report was produced for May existing home sales,  Existing-Home Sales for June will be reported July 22. The next Pending Home Sales Index will be July 29; all release times are 10:00 a.m. ET.

Ready to make a Move?

Bardell Real Estate are the experts in helping you with your selling, buying or renting needs near Orlando, Florida. Make your Disney area experience a forever memorable one. Call us now to speak to a real estate agent.

 

Hanover Lakes Community in St. Cloud Florida

Hanover Lakes Community in St. Cloud Florida

Hanover Lakes Community in St. Cloud Florida

Hanover Lakes Arial View
Hanover Lakes is a residential community as unique as you. Backyard boat docks put serenity and sensational scenery at your doorstep. Escape the endless buzz of the real world and experience the glory of Florida outdoors. Reel in some fish at the Alligator Chain of pristine spring-fed lakes, featuring unspoiled shorelines of cypress, pine and oaks, and teeming with trophy bass, bluegill & speckled perch. If relaxing around a resort-style pool is your flavor of the day, Hanover Lakes has that too. There’s a generous sundeck with lounge chairs made for socializing with all of your new friends, plus a splash pad for the kids and other amenities to add to the fun. 

Hanover Lakes Floorplans at a Glance

The St. Cloud residential community has 16 new construction floorplans to choose from for building your home just the way you want it.

  • Price: $328,999 – $509,999
  • 1,819 – 4,417 Square Feet
  • 4 – 6 Bedrooms
  • 2 – 3 Garages
  • 2 – 3 Full Bathrooms, 1 Half Bathroom
  • 1 – 2 Story
  • Zip: 34772
Homes at Hanover Place

Ammenities at Hanover Lakes

The centrally-located community by Hanover Family Builders, has an amenities center featuring a resort-style pool, spacious sundeck and cabana. Kids will love the splash pad and adults will love the large sundeck that’s great for meeting friends and socializing with your community. There’s no better place for having fun than home, at Hanover Lakes!

Things to Do Near Hanover Lakes


Hanover Lakes offers a convenient location in beautiful Osceola County, close to world-famous attractions such as Disney World Resort, Universal Orlando, and Sea World. The Atlantic Beaches are nearby as well, and expressways make Downtown Orlando’s sports and cultural venues easily accessible. Contact us today and discover the possibilities.
guide

Ready to make a Move?

Bardell Real Estate are the experts in helping you with your selling, buying or renting needs near Orlando, Florida. Make your Disney area experience a forever memorable one. Call us now to speak to a real estate agent.

Behind the Gates of ChampionsGate

Behind the Gates of ChampionsGate

Behind the Gates of ChampionsGate

Nestled beyond the Gate within the heart of Central Florida lies the City of ChampionsGate. The location is one the most attractive features of ChampionsGate. Positioned within the Golden Triangle, I-4, SR 192 and SR 27, it is just miles from Walt Disney World, Posner Park for Shopping, Old Town, Orlando Premium Outlets, The Mall at Millenia, and countless casual and fine dining restaurants.

ChampionsGate will offer something for pre-retirees, retirees, and vacation home buyers and is sure to “wow” the international set. The convenient location, 22 different stunning home designs, and acres of lush landscaping and top of the line amenities will make this the most sought-after community in Central Florida.

So whether you are still raising the kids, ready to retire, want to enjoy the leisure life daily, or want a second home in a resort-style, amenity-filled community in sunny Orlando, Florida, ChampionsGate offers something for everyone.

The Retreat at ChampionsGate

The Retreat Entrance sign in champions gate

The Retreat Estates at ChampionsGate is the ideal place for your vacation home. This premier Lennar community offers resort-style amenities in a welcoming atmosphere.  Several major highways link ChampionsGate to the surrounding areas for easy accessibility to major outlet shopping centers, Orlando’s International Drive and airport.

Residents of the Retreat Estates have access to the state-of-the-art, luxury-inspired Oasis Club. This exclusive clubhouse features a resort-style swimming pool with a lazy river and splash pad, a fully-equipped fitness center, a tiki bar, theater room, a restaurant and bar, and so much more!

The Estates at ChampionsGate

The Estates at ChampionsGate by Lennar is centrally situated near the Oasis Club water park complex and Clubhouse. This phase is aimed towards the buyer looking to purchase a first or second home but does not plan to place the property on the short-term rental market. This wonderful residential community will have golf course views and have larger home lots.

The Estates community Pool

Merill Gardens 55+ Community at ChampionsGate

The Retreat Entrance sign in champions gate

Merill Gardens 55+ Community offers private apartments with generous living spaces and a choice of floor plans. Bring your small pet and all the personal touches that make your house a home. Anytime Dining gives you the flexibility to enjoy your meals just like you did at home—on your schedule.

The activities calendar is driven by the desires of the people who live here—from fitness classes to charity work to community volunteering opportunities to games to outings—it’s all at your fingertips.

Chair yoga, giant crosswords, day trips, ice cream socials, skits, strength training, movies, bingo, swimming, wine and cheese tastings, TED talks, scenic drives, pet therapy, bread baking, national food day celebrations, jazz concerts, Bible studies, and picnics are just a few of the things going on in any given week. The only complaint seems to be that residents just don’t have time to fit it all in!

Ready to make a Move?

Bardell Real Estate are the experts in helping you with your selling, buying or renting needs near Orlando, Florida. Make your Disney area experience a forever memorable one. Call us now to speak to a real estate agent.

 

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