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Market in Minutes-September 2021

Market in Minutes-September 2021

September Marketing

Welcome to this months Market in a minute.   

 

Florida’s resale housing market had another strong month in August. Closed sales of single-family homes were up by a fraction compared to a year ago, which is impressive given the rate at which homes were selling.  

 Orlando’s median home price remains unchanged in August from the prior month – but that’s still at a record-high $320,000 which is 16% higher than August 2020.  

 More notably, sales fell for a second straight month this summer. Dropping just over 4% from the previous month that’s a strong sign that the rate of price growth is continuing to slow down toward more sustainable levels.  

 For a fourth straight month, inventory increased. We saw an increase of just over 3% from July to August but that still leaves us 39% below the inventory levels of August 2020. 

 The supply of homes ticked up to nearly one month in August but remember a balanced market is six months. So despite the increase we still do not have enough homes on the market to meet buyer demand which continues to be fueled by low interest rates.  

That means as we head into fall we’re still very much in seller’s territory and it continues to be a long road back towards a balanced market   

 Well that’s all for now but remember every market and every community is different so for the latest information on buying or selling 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.

 

SOLD-1017 WOODSONG WAY, CLERMONT

SOLD-1017 WOODSONG WAY, CLERMONT

SOLD-1017 WOODSONG WAY, CLERMONT

1017 WOODSONG WAY, CLERMONT, FL

Just Sold

Presented By:

Bardell Real Estate

Bardell Real Estate
863-424-2309

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$ Click for current price
3 BEDROOMS | 2 full, 1 half baths BATHROOMS | 2398 SqFt

Looking for an open plan 3 bedroomed property with spacious loft area then look no further. You’ve found your new home. Located in the popular Woodridge community in south Clermont, this property is ideally located close to highway 27 and 192 corridor providing easy access to I4 as well as close to grocery stores, restaurants, schools, etc. Pride of ownership shows through as you pull on the driveway with pretty front yard. This delightful home has recently been painted inside and out and is ready for its new owner. You enter the front door into tiled hallway off which is the formal dining room overlooking the front of the home. Alongside is the updated kitchen with an abundance of cabinets and countertops as well as modern stainless appliances. The family has double height ceilings as well as wood burning fireplace; ideal for those chilly winter evenings.The decorative windows alongside of the fireplace offers lots of natural light. The downstairs master bedroom has views of your private oasis including resurfaced pool and fenced back yard complete with storage shed. A small half bath and laundry room are located at the bottom of the stairs. At the top of the stair the loft area is currently used as a home office but could be utilized for your personal needs. Also upstairs are two additional bedrooms with bamboo flooring and upstairs family bathroom. Access to the pool area is via the sliding doors off the breakfast room. This outstanding property also come with a solar panels which will be paid off at closing with reasonable offers. The lucky owner will benefit from this from upgrade with lower electricity bills. Don’t delay, call today for additional information or to view the home. Time to enjoy the Florida lifestyle.

 
Sold-4769 Cumbrian Lakes Dr, Kissimmee

Sold-4769 Cumbrian Lakes Dr, Kissimmee

Sold-4769 Cumbrian Lakes Dr, Kissimmee

4769 Cumbrian Lakes Dr, Kissimmee, FL

Just Sold

Presented By:

Bardell Real Estate

Bardell Real Estate
863-424-2309

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$ Click for current price
4 BEDROOMS | 3 full baths BATHROOMS | 1874 SqFt

Located in a popular, gated community this fully furnished property has been a cherished second home for the last few years. Beautifully maintained the open floor plan features four bedrooms and three full bathrooms and sits on an oversized corner lot. Stained glass double entry doors welcome you into a tiled foyer. Bedrooms three and four are located towards the front of the home and share a Jack n Jill bathroom and bedroom four is adjacent to the house bathroom. The formal living and dining room welcomes you into the center of the home and provides spacious living accommodation with lots of natural light. A fully equipped kitchen complete with breakfast bar has plenty of cabinet space and the open floor plan and access through the breakfast nook to the pool deck and covered lanai perfect for al- fresco dining. Outside the inground pool and spa offers plenty of space to relax or entertain with relaxing views on to the lake. The master bedroom has a good sized en-suite with double sinks, tub, separate shower and also benefits from two separate walk in closets. Sold furnished as seen and ready to move in this home is easy to show and won’t last long.

 
206 BAILEY CIR SOLD

206 BAILEY CIR SOLD

206 BAILEY CIR SOLD

206 BAILEY CIRCLE, DAVENPORT, FL

Just Sold

$ Click for current price
5 BEDROOMS | 4 full baths BATHROOMS | 2376 SqFt

Pride of ownership shines through as you approach your dream home. Perfect investment home or primary residence – spacious 5 bed 4 bath offering ground floor master bedroom with king sized bed, 2 Queens and 2 twin rooms. This recently renovated home is being sold fully furnished and benefits from three en-suites, small loft area and garage currently used as a games room but easily converted back to a garage for residential buyers. Located close to the desirable community of Hampton Lakes off highway 27. This desirable community has 2 community play grounds, tennis and basketball courts, beach volley ball and picnic area overlooking the main lake within the develop. This development provides easy access to highway 192 and I4 for the theme parks, airports or either coast. Live the Florida lifestyle!

August Market in Minutes

August Market in Minutes

August Market in Minutes

​Welcome to this months Market in a minute. Resale activity during July 2021 is showing multiple signs that the housing market is continuing on a steady path towards normality.

Closed sales of single-family homes were down very slightly on a year-over-year basis in July, by just over 2 percent, but that’s the first time sales have been down year-over-year at the statewide level since May of 2020, near the beginning of the pandemic.

Listings of single-family homes continued to rise throughout July but this rebound in inventory will take a long time to get back to the levels we had pre-pandemic. At the end of July, there were still almost 39 percent fewer single-family listings than the year prior, and almost 59 percent fewer listings than at this point in 2019.

The number of new listings increased for the fifth straight month and with inventory rising again, price growth will begin to slow over the coming months. We will increasingly be seeing fewer properties receiving multiple bids over the coming months but for now, were still firmly entrenched in sellers market and it remains red-hot. Orlando’s median home price reached $320,000 in July 2021, continuing a six-month trend of record-setting prices.

So in summary, sales rates are trending back to what we might consider a normal level of growth. Inventory has started a trend back toward normalcy, as well but it’s going to be a long road.

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.

 

Outdoor Resorts #404 For Sale!

Outdoor Resorts #404 For Sale!

Outdoor Resorts #404 For Sale!

9000 US HIGHWAY 192, CLERMONT, FL

Just Listed

Presented By:

Showing Agent:

Bardell Real Estate

Bardell Real Estate
863-424-2309

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$ Click for current price
1 BEDROOMS | 1 full bath BATHROOMS | 687 SqFt

55+/1 Pet/Gated community. Nice one bedroom/one bath unfurnished home located in a lakefront community. This home offers a nice size Florida room and laundry area along with a living room, kitchen with eat-in area, nice hallway, and master bedroom with lots of storage. This home has a newer roof, windows, and a/c. Nice size side and rear lawn. Outdoor Resorts offers two large heated pools, one heated kiddie pool, children’s playground, lighted tennis courts, pickle ball, shuffleboard, par 3 golf course, mini golf fun site, volley ball court, basketball court, bocce ball and horseshoes. There are facilities for all water sports, including a boat ramp. The clubhouse has a library, lounge where you can play cards or relax, and a large auditorium for community events. The HOA fees of $570/qtr cover water/sewer/basic cable/trash/lawn mowing. This is a nice home, great park. Come take a look. Oh…AND YOU OWN THE LAND

 

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.