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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.

 

544 Polo Park East for Sale

544 Polo Park East for Sale

544 Polo Park East for Sale

544 Polo Park East Blvd, Davenport, FL

Just Listed

$ Click for current price
2 BEDROOMS | 2 full baths BATHROOMS | 1392 SqFt

Spacious 2 bed, 2 bath home in the sought after 55+ golf community of Polo Park East. Great location across the street from the clubhouse, pro shop, community pool and recreational facilities. The home comprises 1,392’ of open plan accommodation with living area, family room, dining and kitchen. Lots of space to entertain family and friends! The 2 good size bedrooms and bathrooms are at the rear of the property and there is also a screen room off the kitchen which gives access to the storage shed where the washer and dryer are located. A one car carport and drive completes the picture. This attractive home has the added benefit of a new roof in 2018! New A/C 2020! This well cared for community has access to Lake Davenport with community boat ramp, dock and a lovely picnic area. The monthly HOA fees include trash removal and basic cable TV. Put this home on your ‘must see’ list and request a viewing today!

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.

Kissimmee Vacation Home for Sale – 7669 Fairfax Dr

Kissimmee Vacation Home for Sale – 7669 Fairfax Dr

Kissimmee Vacation Home for Sale – 7669 Fairfax Dr

7669 Fairfax Dr, Kissimmee, FL

Just Listed

Presented By:

Showing Agent:

Bardell Real Estate

Bardell Real Estate
863-424-2309

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$ Click for current price
11 BEDROOMS | 13 full baths BATHROOMS | 5496 SqFt

Contemporary meets elegance! This 11 bedroomed property offers everything and more for you and your guests. This cleverly designed home was built as the perfect entertainment homes and enhanced by the interior designer. Offering 4 bedrooms downstair plus 7 upstairs this really is designed to accommodate large gatherings. Featuring 11 bedrooms including a super hero bedroom and Under the Sea themed bedroom as well as other beautifully designed themed and contemporary bedrooms. Looking for fun and entertainment? Then look no further this spacious which has a second floor games room with balcony complete with pool table, electronic games and TV. The fun continues with a movie theater and well equipped Disney themed games room in the garage. This stunning home continues to surprise it’s guests with exceptional outdoor entertainment. From the large covered lanai complete with TV to it’s resort style pool area with pool, spa and splash pad! Fun for all the family! Looking for some peace and quiet, there’s even a small café area and wet bar on the second floor. A 3 story clubhouse with concierge service for you and your guests including children’s activity area, café bar offering delicious food and terrace which allows you to enjoy the sights of this well located development while spoiling yourself with the culinary delights the restaurant has to offer. Kids and adults will love the aqua park with fun for all ages. Continue your regular fitness routine in the well equipped gym as well as outdoor sports including tennis, basketball, beach volley ball, etc. Located within minutes of Disney, 429, I4 and 192, the home is ideally located for easy access to the theme parks, malls, golf courses, grocery stores and restaurants. You’ve found your contemporary oasis and investment property. Don’t delay call today!

 

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 Unit 969 Just Listed

Outdoor Resorts Unit 969 Just Listed

Outdoor Resorts Unit 969 Just Listed

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 | 628 SqFt

55+ Community. Nice fully furnished home located in the great park of Outdoor Resorts at Orlando. This home has been well maintained with all new windows, newer water heater, and new roof in 2012. The front awning helps to protect your car and golf cart (negotiable). This is a very clean home with lots of storage, including the stairs between the Florida Room and the Living Room. ORO is located on 175 +/- acre Lake Davenport and offers a 9-hole par 3 (free) golf course, 2 heated pools, tennis, horseshoes, pickle ball, shuffleboard, and a clubhouse with church, Bingo, and many holiday celebrations. The HOA fee of $530/quarter pays for your water/sewer/basic cable/trash/lawn mowing, and is close to medical facilities, restaurants, grocery stores, and about 4 miles to the entrance to Disney. Well maintained home close to the clubhouse and golf course. Great value for your $$$.

 

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.

5 Considerations When Buying a Retirement Home

5 Considerations When Buying a Retirement Home

5 Considerations When Buying a Retirement Home

Graphic of elders in front of homes

You’re ready to embark on your life’s next great chapter: moving to a Central Florida retirement home! According to AARP, retirees 65 and older want to live independently in their own home throughout their retirement and age in place. This brings forth some factors to take into consideration when buying a retirement home:

 

Location

There are many things to consider when selecting a location to retire, whether it be proximity to loved ones, the climate, activities and more. You should also consider that when you get older, you may want to live close accessible transportation and essentials.

 

Senior Friendly Home

The conditions of your home matter too when you purchase a home to settle your retirement years in. While you may be able to navigate through a home with stairs seamlessly now, that may not always be the case as you grow older. You could look into homes with a main-floor master, step-free entrances and doorways wider in size.

 

Affordability of the Retirement Home

Your financial circumstances may very well be different once you retire. Creating a post-retirement budget will help give you a more realistic expectation when it comes to expenses and income.  While calculating your retirement budget, ensure your projected income and expenses are taken into account as well making sure you’ll have enough money to cover house maintenance costs when needed.

 

Maintenance & Upkeep

When buying a retirement home in Central Florida, maintenance and upkeep are important considerations to keep in mind. You may be able to take care of some of these things now on your own if you’re in relatively good health, however you should keep in mind that as you age, some of these maintenances and repairs you could once do on your own will have to be taken care of through hiring service professionals.

Moving into a Central Florida retirement community where these services are included may be a good option, however, keep in mind that you will be having to pay a homeowner’s association fee. Another option to consider is to buy an Orlando new construction 55+ home which may help keep you off from having to deal with some of these issues early on.

 

Paying Cash vs. Financing

A question to ask yourself is if you will be paying in cash for your retirement home or opt for to financing. Choosing to purchase a smaller home in cash could give you a sense of security and you will not have to worry about monthly mortgage payments. Some prefer to select a 15-year term which would give you the advantage of paying off your Orlando retirement home faster, however, your monthly mortgage payments would be higher.

While it may seem more appealing to pay cash rather than opting for a mortgage, doing that will make liquid assets “illiquid” due to them being tied to the home. It is advisable to speak with a financial planner as well as a mortgage advisor about your situation in order to determine what option is best for you and your needs.

 

Contact us today to learn more about your real estate options and commence your retirement journey in a new home!

 

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.

766 Lockbreeze Dr, Davenport Home Sold

766 Lockbreeze Dr, Davenport Home Sold

766 Lockbreeze Dr, Davenport Home Sold

766 Lockbreeze Dr, Davenport, FL

Sold

$ Click for current price
6 BEDROOMS | 5 full baths BATHROOMS | 2772 SqFt

Located in the popular Hampton Lakes community is this spacious family home. Great split floor plan with masterbedroom overlooking the pool area to the rear of the home and a second bedroom with an en-suite that doubles as ahouse bathroom also downstairs. A fully equipped kitchen with plenty of cabinet space and good sized closet pantry sitsin the center of the home and the open floor plan provides views and access to the formal dining room at the front of thehome and the family room at the rear. Upstairs you will find a further four bedrooms, one en-suite and the rest sharinganother full house bathroom. Outside the inground pool and spa benefit from a half bath on the pool deck and no rearneighbors – perfect to relax or entertain. Easy access to I4, Hwy 192 and all the Central Florida attractions The homehas recently been painted inside and out making it a great primary residence or vacation home.

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.