by Steve Silcock | Dec 5, 2013 | Investment Property in Florida, News, Property for Sale in Orlando
We need properties for sale in Orlando and the Disney area. Inventory is tight, the number of homes currently listed for sale is down compared with this time last year and the shortage of homes is already beginning to push up prices.
Daily Real Estate News | Thursday, November 21, 2013
A low number of homes for sale is pushing home prices up to double-digit gains year-over-year, the National Association of REALTORS® reports in its latest existing-homes report.
“Low inventory is holding back sales while at the same time pushing up home prices in most of the country,” says Lawrence Yun, NAR’s chief economist. “More new-home construction is needed to help relieve the inventory pressure and moderate price gains.”
In October, the national median existing-home price was $199,500 — a 12.8 percent surge above what it was a year ago. It also marks the 11th consecutive month of double-digit year-over-year increases, NAR reports.
Meanwhile, housing inventories are falling, dropping 1.8 percent in October to 2.13 million existing homes for sale. That represents a 5-month supply at the current sales pace.
The median time on the market for all home types was 54 days in October, up from 50 days in September. In October 2012, the median time on the market was 71 days.
Foreign investors continue to search for properties in Orlando as they represent great investment opportunities. If you have been thinking of selling but are unsure as to the current value of your property just call or e-mail and one of our experienced agents will be pleased to assist.
by Steve Silcock | Dec 3, 2013 | Homes, Villas and Condos, Investment Property in Florida, New Construction, Property for Sale in Orlando
The developer’s building Property in Orlando remain confident that the housing market recovery will be sustained. This time last year we only had one developer building resort style investment Property in Orlando but throughout 2013 we have seen numerous new developments come on stream from the areas leading builders and more recently, some new builders.
Park Square are building new homes at Solterra and Watersong, Dr Horton are building at Solterra and finishing developments at Tuscany and Cypress Pointe. Lennar are building new vacation homes at Champions Gate and Providence. The most recent “entrant” back into the new homes market is Beazer Homes who are now completing construction in developments at West Haven off SR 54.
WASHINGTON – Nov. 19, 2013 – Builders remain confident in the new single-family home market. The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) was unchanged in November from a downwardly revised level of 54 last month.
Any HMI number over 50 represents more optimism than pessimism, and the score has topped 50 for the sixth consecutive month.
“Given the current interest rate and pricing environment, consumers continue to show interest in purchasing new homes,” says NAHB Chairman Rick Judson. However, he says some potential homebuyers continue to hold back “because Congress keeps pushing critical decisions on budget, tax and government spending issues down the road. Meanwhile, builders continue to face challenges related to rising construction costs and low appraisals.”
“Policy and economic uncertainty is undermining consumer confidence,” says NAHB Chief Economist David Crowe. “The fact that builder confidence remains above 50 is an encouraging sign, considering the (fact that) unresolved debt and federal budget issues cause builders and consumers to remain on the sideline.”
The HMI index gauging current sales conditions in November held steady at 58. The component measuring expectations for future sales fell one point to 60, and the component gauging traffic of prospective buyers dropped one point to 42.
The HMI three-month moving average was mixed in the four regions. No movement was recorded in the South or West, which held unchanged at 56 and 60, respectively. The Northeast recorded a one-point gain to 39 and the Midwest fell three points to 60.
The NAHB/Wells Fargo Housing Market Index conducts a monthly survey to gauge builder perceptions of current single-family home sales and sales expectations for the next six months as “good,” “fair” or “poor.” The survey also asks builders to rate traffic of prospective buyers as “high to very high,” “average” or “low to very low.” Scores from each component are then used to calculate a seasonally adjusted index where any number over 50 indicates that more builders view conditions as good than poor.
© 2013 Florida Realtors®
Property in Orlando remains great value and the increasing competition is sure to keep great real estate deals on new homes available for the foreseeable future.
by Steve Silcock | Dec 3, 2013 | Homes, Villas and Condos, Investment Property in Florida, Property for Sale
531 Jaybee Avenue, Davenport FL 33897
Furnished property for sale in Fairway Lake Estates Davenport. This 3 bedroom 2 bathroom pool home is located in a desirable Lakefront community within 15 minutes of Disney. Close to theme parks, restaurants and shopping. Recently painted and updated, this home will suit someone looking for a ready to rent property or spacious permanent residence.
Nice decor sets this home apart from its neighbors and help you market the home should you wish to place on the rental market. The south facing pool with covered lanai will further enhance the desirability of this property. Priced to sell – click picture below to view additional information on this property for sale in Fairway Lake Estates Davenport.
The Fairway Lake Estates, also known as Esprit, community in Orlando, Florida is a popular choice for vacation holiday homes. Permanent residents and investors alike have chosen it as the perfect location for purchasing their Florida dream villa or second home.
Fairway Lake Estates is located on Highway 27 to the north of Davenport, Florida. Sitting between US Highway 192 and Interstate 4 all the Orlando theme parks and local attractions are within easy reach.
Zoned for short term rental Fairway Lake Estates has many community amenities including community pool, tennis courts, basketball courts, boat dock, and access to Lake Davenport which is available for residents and guests to use free of charge. A wide selection of golf courses are nearby and fishing is popular at Lake Davenport.
Click the image to view more information on this property for sale in Fairway Lake Estates Davenport or click here for more information on the community and other property for sale in Fairway Lake Estates Davenport.
by Steve Silcock | Dec 2, 2013 | Investment Property in Florida, New Construction, Property for Sale in Orlando, Uncategorized
If you have been considering purchasing a vacation home in the exciting new Solterra Resort Development now is a great time to make that next step. DR Horton are offering tremendous pricing incentives on their current inventory homes of up to $20,000.
| Model |
Sq Ft |
Beds |
Baths |
Price |
QUICK CLOSE |
| The Castillo |
2,109 |
5 |
5 |
$353,990 |
$339,990 |
| The Eagle Bay II |
2,843 |
6 |
3.5 |
$370,840 |
$359,990 |
| The St. Croix II |
3,032 |
6 |
4.5 |
$403,965 |
$389,990 |
| The Seville |
3,137 |
5 |
4 |
$418,240 |
$399,990 |
| The Rio Grande |
3,511 |
6 |
4.5 |
$446,185 |
$424,990 |
All of these prices are inclusive of an in-ground heated swimming pool, lot premium and specified upgrades. Don’t miss this phenomenal pricing – call today or complete the form below to request more information on these exciting offers at Solterra Resort
by Steve Silcock | Nov 30, 2013 | Investment Property in Florida, Long Term Rental
Long Term Rental property in Orlando remains high on the list for institutional investors looking to achieve good returns on their cash investments as well as benefiting from the equity gains on property as the market continues to improve. We are still busy working with individual investors looking t o purchase long term rental property in Orlando and the surrounding area but this recent move by Blackstone is a strong indicator that the market for long term rental property in Orlando and other US markets is set to continue.
NEW YORK – Nov. 15, 2013 – In one of the surest signs that the home-rental business is going corporate, the area’s biggest new landlord has started bundling rent checks from tenants and selling them as securities on Wall Street.
Blackstone sold $479 million worth of bonds backed by its home-rental income. In addition to raising funds for Blackstone, the financing tool may bring uniform standards to a business long troubled by absentee landlords and delinquent tenants.
Blackstone’s bonds were backed by rents from more than 3,200 houses located primarily in Florida, California, Arizona and Georgia, the company said this week. The group owns about 40,000 homes across the United States, including 1,255 in the four-county Orlando market, according to a new report by the RealtyTrac research company.
Nationally, Orlando ranked 12th for investor purchases of residential property during the past 21/2 years. Equity funds, institutional buyers and other investors bought 16,501 properties, paying cash with almost every deal.
Florida as a whole led the nation for investor home purchases from January 2011 through September, with 115,167 sales. With investors selling off only about a quarter of their newly acquired properties, the majority have become rental properties, according to the RealtyTrac report. Investment groups affiliated with Blackstone have held all but six of the homes they have purchased in the Orlando area since January 2011.
Copyright © 2013 The Orlando Sentinel (Orlando, Fla.), Mary Shanklin. Distributed by MCT Information Services
We assist clients in identifying good investment proeprties, representing them throughout the purchase, organizing vendors and completing any required refurbishment. With then place the property on the market and take care of the tenant placement and subsequent management. If you are considering purchasing long term rental property in Orlando and the surrounding areas please contact us and talk to one of our experienced agents.
