Orlando Real Estate News & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

June 17, 2019

Orlando Market Pulse May 2019


Encouraged by continued low-interest rates and a favorable economy that is drawing droves of new residents to Orlando, area homebuyers pushed sales into positive territory for the month of May. Home sales jumped by nearly 11 percent compared to May 2018, which is the first year-over-year increase in 2019.

Posted in Market Updates
June 11, 2019

Orlando Weekly Real Estate Update June 2nd, 2019

Orlando Weekly Real Estate Update June 2nd, 2019

Single-Family Existing Homes

  • Sales of single-family homes decreased to 599 during the week of Jun 2, from 708 the week prior
  • The median price of single-family homes decreased to $272,500, a change of -2.7%
  • The number of single-family home foreclosure transactions increased to 19 last week, from 12 the week of May 26
  • The number of single-family home short-sale transactions remained constant at 5
  • Single-family inventory increased by 32, and now sits at 6,988

Condos, Townhomes, and Villas

  • Sales of condos, townhomes, and villas decreased to 170 during the week of Jun 2, from 196 the week prior
  • The median price of condos, townhomes, and villas decreased to $170,250, a change of -2.7%
  • The number of condo, townhome, and villa foreclosure transactions decreased to 2 last week, from 5 the week of May 26
  • The number of condo, townhome and villa short-sale transactions remained constant at 0
  • Condo inventory increased by 62, and now sits at 1,891


 

Posted in Market Updates
June 5, 2019

Disney Real Estate Market Update May 2019

Welcome to May 2019 Disney real estate market update. 

Sales and inventory but average sales price reaches a near all-time high

In May we saw the average sales price reach $240,000 compared to this time last May 2018 at $227,000 a 5.4% increase. Inventory has declined 4.39% to 1,912 compared to last year 1,996. 641 homes sold in the month of April, compared to 675 in April 2018 a 5.30% decrease.

Summary
The Florida Summer is here, the weather is scorching hot and so are the prices as we reach a record high of $240,000. Don't fear, interest rates are still historically low so it's still a good time to buy for long term homeowners. Both inventory and sales fall but the market remains extremely healthy for the months ahead.  

If you're looking to sell your home in Florida this could be a great opportunity for you to take advantage of the decreasing inventory and rising prices. If you're an international seller in the U.K then be sure to keep an eye on the low exchange rate.  If you're looking to purchase a new home, take advantage of the low-interest rates and purchase before prices rise even higher. Contact us today for more information on the Disney, Davenport, and Kissimmee markets or click here to start your search.

 

Posted in Market Updates
May 29, 2019

Orlando Weekly Real Estate Update May 19th 2019

Orlando weekly real estate update gives you a snapshot of the previous week's market activity, including sales, prices, days on market, and much, much more.

Monday Morning Quarterback for May 19, 2019

Single-Family Existing Homes

-Sales of single-family homes decreased to 609 during the week of May 19, from 612 the week prior

-The median price of single family homes increased to $269,000, a change of 0.4%

-The number of single-family home foreclosure transactions increased to 24 last week, from 15 the week of May 12

-The number of single-family home short-sale transactions increased to 5 from 3 the week prior

-Single-family inventory increased by 2, and now sits at 7,015

Condos, Townhomes, and Villas

-Sales of condos, townhomes, and villas decreased to 138 during the week of May 19, from 180 the week prior

-The median price of condos, townhomes, and villas increased to $185,500, a change of 12.1%

-The number of condo, townhome, and villa foreclosure transactions decreased to 2 last week, from 5 the week of May 12

-The number of condo, townhome and villa short-sale transactions decreased to 0 from 1 the week prior

-Condo inventory decreased by 2, and now sits at 1,842

 

Posted in Market Updates
May 24, 2019

Happy Memorial Day 2019

Remembering those who served and keep us free, happy Memorial day weekend!

Every year for the month of May we offer a FREE home warranty for those of you veterans looking for a new home in Central Florida, ask us how you can qualify. 

 

May 13, 2019

Visas & Immigration

May 3, 2019

Disney Real Estate Market Update April 2019

Welcome to April 2019 Disney real estate market update. 

Prices and sales heat up as we approach the summer.

In April we saw the average sales price increase by 4.25% ($10,000) compared to this time last April 2018 at $225,000. Inventory has declined 5.86% to 1,961 compared to last year 2,076. 614 homes sold in the month of April, compared to 577 in April 2018 a 6% increase.

Summary
April is usually one of the best months to list your home here in Central Florida and with the median price increasing $10,000 to $235,000 it's a perfect time to capitalize on the higher prices. Inventory has decreased slightly by 5.86% but sales have remained strong at 614 homes sold in the month of April with a generous 6% increase.

If you're looking to sell your home in Florida this could be a great opportunity for you to take advantage of the decreasing inventory and rising prices. If you're an international seller in the U.K then be sure to keep an eye on the low exchange rate.  If you're looking to purchase a new home, take advantage of the low-interest rates and purchase before prices rise even higher. Contact us today for more information on the Disney, Davenport, and Kissimmee markets or click here to start your search.

 

April 16, 2019

Flips Slip 3 Percent


*Information provided by Realtor magazine 

Posted in Tips
April 9, 2019

9 Tips for buying a vacation home

Owning a vacation home in Florida can be a dream for people all over the world but unfortunately, a lot of people jump into the idea without asking themselves what they want from their investment. Below you will see a list of 9 tips and questions you will need to consider before purchasing your dream home.

With over 20 years experience in the Disney vacation market, please ask us any questions regarding the home buying experience and all things real estate in Florida. Visit our home buyer article at https://www.dudleyeliterealty.com/c/Foreign-Buyers-Step-by-Step-Guide

Search all the vacation homes here 
https://www.dudleyeliterealty.com/fl/disney-homes-search/

April 3, 2019

Disney Real Estate Market Update March 2019

Welcome to March 2019 Disney real estate market update. 

Prices remain the same as in 2018 as sales increase for the first time since November.

In March we saw the average sales price remain the same as March 2018 at $230,000. Inventory has declined 4.19% to 2,004 compared to last year 2,088. 605 homes sold in the month of March, compared to 594 in March 2018 a 1.8% increase.

Summary
As we reach March, the median price of $230,000 remains the same as of March 2018. This is a $10,000 price decrease from last month but still a positive sign as we haven't seen a year over year price decrease since the crash 2007. Inventory slightly decreased in March by 4.19% but the highlight and attention should be drawn to the sales as they increase by 1.8%, the first increase since November 2018. This tells us that the market is heating up as expected for the busy months of Spring.

If you're looking to sell your home in Florida this could be a great opportunity for you to take advantage of the decreasing inventory and rising prices. If you're an international seller in the U.K then be sure to keep an eye on the low exchange rate.  If you're looking to purchase a new home, take advantage of the low-interest rates and purchase before prices rise even higher. Contact us today for more information on the Disney, Davenport, and Kissimmee markets or click here to start your search.

 

Posted in Market Updates