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Orlando Real Estate

January 17th, 2017 11:19 AM

#OrlandoRealEstate

Orlando real estate market results for December 2016 and the year end wrap-up courtesy of the Orlando Regional Realtor Association.



Posted by David W. Welch on January 17th, 2017 11:19 AMLeave a Comment

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January 9th, 2017 3:35 PM

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Most people only speak with one agent. Selling your home is a big deal. Before you make a listing mistake, contact me for a second opinion.
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David Welch, MBA
Call: (407) 924-7670

#OrlandoRealEstate

Posted by David W. Welch on January 9th, 2017 3:35 PMLeave a Comment

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December 29th, 2016 11:28 AM

The latest iteration of 'rental scam' in Orlando is an ad placed using a legitimate listing telling the would be tenants to contact the owner directly by email. The scammers are looking up the actual owner's name on the public records, and creating an email account using their name.

The 'owner' then emails them back stating not to contact the real estate agent, otherwise the rent would have to be a lot higher to pay the agent. I've heard a couple of different versions of this. The 'owner' either tells the 'tenant' the agent is doing a bad job or the listing is almost up and the agent doesn't deserve their commission.

There are at least two common threads to watch out for. First, the 'owner' is always out of state, so money has to be wired or a money order sent, before the 'owner' will send the 'tenant' a key. Second, and the most obvious red flag, the rent is much lower than market. The old axiom is still true, 'if it sounds too good to be true - it is.'
You cannot rent a four bedroom, pool home in Orlando for $1,000/mo.


Posted in:Advice and tagged: Orlando real estate
Posted by David W. Welch on December 29th, 2016 11:28 AMLeave a Comment

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December 15th, 2016 10:49 AM

Please check out this brief video courtesy of the Orlando Regional Realtor Association for a breakdown of the market results for November 2016.



#OrlandoRealEstate

Posted in:Market Report and tagged: Orlando real estate
Posted by David W. Welch on December 15th, 2016 10:49 AMLeave a Comment

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Check out the most expensive homes currently available for sale in Orlando.

Most Expensive Homes in Orlando

Posted in:Market Report and tagged: Orlando real estate
Posted by David W. Welch on December 9th, 2016 1:13 PMLeave a Comment

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#OrlandoRealEstate
Inventory of available homes in Orlando is pretty low right now with only about a 3.5 month supply based on last month's absorption rate. When I break that inventory down by price range, you can see just how low the inventory really is. Our median sales price in Orlando is around $200,000. That means half of all closed sales are at or below $200,000. The median list price is around $278,000, so there is a bit of a disparity between sales prices and list prices. This isn't to say that sellers are necessarily asking too much for their homes, I'm just pointing out that there is a lot more demand for more modestly priced homes.

Price Range Available Sold Month's Supply
< $100,000 876 380 2.3
$100,000-$200,000 2048 1027 2.0
$200,000-$300,000 2636 828 3.2
$300,000-$400,000 1634 308 5.3
$400,000-$500,000 838 128 6.5
>$500,000 1837 134 13.7
Total 9869 2805 3.5

As you can see from this breakdown, there is a pretty short supply of homes priced under $300,000. These numbers include active inventory and last month's sales of all types of homes by Orlando Realtors®. Notice homes priced from $100,000 - $200,000 are in the most popular price range for buyers leaving us with just a two month supply of homes available for sale. Typically, we have considered a six month supply to be a 'balanced' market. Home priced under $300,000 are all in pretty short supply, while homes priced from $300,000 to $500,000 are considered to be in a balanced market. Only homes priced over $500,000 are plentiful with more than a one year supply available for sale.
Orlando Real Estate


Posted by David W. Welch on November 18th, 2016 1:35 PMLeave a Comment

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November 15th, 2016 11:30 AM
Please take a look at this brief video with a breakdown of the #OrlandoRealEstate market for October 2016.  REO and short sales have become such a small percentage of the market locally, I am no longer reporting on them separately in my blog. I am also happy to say our MLS is getting rid of the 'Active with Contract' status. In my personal opinion it was uneccesary and confusing for consumers.

Posted by David W. Welch on November 15th, 2016 11:30 AMLeave a Comment

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October 18th, 2016 2:13 PM
Check out these homes in the Conway area of Orlando.

Most Expensive Homes in Conway

Posted in:Market Report and tagged: Orlando real estate
Posted by David W. Welch on October 18th, 2016 2:13 PMLeave a Comment

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October 17th, 2016 12:02 PM

Take a moment to watch this short video with the latest #OrlandoRealEstate market report courtesy of the Orlando Regional Realtor Association.


David Welch Real Estate Optimist, Orlando Real Estate


Posted by David W. Welch on October 17th, 2016 12:02 PMLeave a Comment

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September 26th, 2016 1:06 PM
Buying or selling, makes sure you work with an experienced agent. Here are some of my past sales.



Posted by David W. Welch on September 26th, 2016 1:06 PMLeave a Comment

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