Orlando Real Estate News

Are we at the bottom yet?   Well all indications that the massive price reductions are slowing and the number of homes that are selling quickly are on the rise.   According to a recent Trulia report the number of home owners keeping their price steady are on the rise.

The average discount held steady at 11 percent.

Trulia reports a 50 percent drop in cities with price reductions of 30 percent or more on average, with only seven major cities reporting such cuts at the beginning of the month.

Regionally, 20 percent of listings in the South and 22 percent of listings in the West, Midwest, and Northeast experienced price cuts.

 "I expect reductions to rise again as the tax credit extension deadline approaches, but I also expect mortgage rates to rise, so they may cancel out the savings [from list price reductions]," says Trulia CEO Pete Flint.

For information on great real estate buys in Orlando and nearby suburbs,
contact the Orlando Property Group, your short sale and luxury home specialists.

Or Search Now for Real Estate & Homes in the Orlando Florida Area

Looking for specific information regarding Orlando Florida real estate prices and communities? Get Your Free Market Snapshot

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If you want to sell your Seminole County or Orlando area home in the next 6 to12 months, now is the time to begin putting your plan into place while time is still on your side. Please contact us for any real estate assistance you may need.

We're experts at putting people together with homes they love and can afford. Contact us today for information on Orlando and Seminole County real estate, Orlando & Seminole County homes for sale, Orlando & Seminole County relocation information, a free market analysis of your Orlando area or Seminole County home or statistics on homes in Orlando & Seminole County Florida or the surrounding Central Florida area, including Seminole County, Orange County, Lake County and Volusia County. We're always available to answer your questions.

Apopka Florida Update for March 2009

Apopka is a fast-growing city and is expanding in all directions. Most notable are the new Lowes and Home Depot DIY stores to the north of the city on US 441 in the location of the previous Dunn Citrus grove (the stretch of 441 which runs through the city is named after Fred N. Dunn). Other businesses on the former Dunn Citrus site include Staples office supply and a second Chili's restaurant. The new Apopka bypass (to be named after Mayor Land) will relieve some of 441's traffic, taking the route from what is now the 441 junction with SR 429, and then passing south of the city to rejoin 441 at its junction with Maitland Blvd. south of the city.

We have included a monthly snapshot for Apopka including condos, townhomes, single family, villas and multifamily homes.

Active Listings (Real Estate for Sale):
Property being marketed for sale by a Realtor®, as contracted with the seller.

March 2009:                                            
*Total Active Listings: 811 * Highest Listing Price: $2,500,000 *Lowest Listing Price: $19,900
                  *Average Listing Price: $229,629 * Average Days on the Market: 187

• Single Family Homes 679 Total Available $245,962 Average List Price
• Villas  7 Total Available $200,125 Average List Price
• Condos 84 Total Available $142,909 Average List Price
• Townhomes 82 Total Available $141,853 Average List Price

February 2009:                                            
*Total Active Listings: 850 * Highest Listing Price: $2,500,000 *Lowest Listing Price: $24,900
                  *Average Listing Price: $233,919 * Average Days on the Market: 191

• Single Family Homes 683 Total Available $248,993 Average List Price
• Villas  8 Total Available $203,684 Average List Price
• Condos 69 Total Available $148,936 Average List Price
• Townhomes 45 Total Available $140,817 Average List Price

January 2009:                                            
*Total Active Listings: 855 * Highest Listing Price: $2,500,000 *Lowest Listing Price: $24,900
                  *Average Listing Price: $238,644 * Average Days on the Market: 193

• Single Family Homes 736 Total Available $251,574 Average List Price
• Villas  4 Total Available $261,794 Average List Price
• Condos 73 Total Available $157,279 Average List Price
• Townhomes 42 Total Available $151,270 Average List Price

Pending Listings (Real Estate Under Contract):
Buyer and seller have signed an agreement but sale is not yet completed.

March 2009:                                            
*Total Pending Listings: 192 * Highest Listing Price:$1,399,999 *Lowest Listing Price: $14,500
                *Average Pending Price: $173,285 * Average Days on the Market: 163

• Single Family Homes 183 Total $176,612 Average List Price
• Condos 1 Total $135,000 Average List Price
• Townhomes 8 Total $101,950 Average List Price

February 2009:                                            
*Total Pending Listings: 188 * Highest Listing Price:$1,399,999 *Lowest Listing Price: $25,000
                *Average Pending Price: $182,475 * Average Days on the Market: 158

• Single Family Homes 178 Total $187,182 Average List Price
• Condos 5 Total $80,680 Average List Price
• Townhomes 5 Total $116,720 Average List Price

January 2009:                                            
*Total Pending Listings:143 * Highest Listing Price: $1,399,999 *Lowest Listing Price: $42,000
                *Average Pending Price: $191,849 * Average Days on the Market: 156

• Single Family Homes 135 Total $196,121 Average List Price
• Condos 4 Total $96,100 Average List Price
• Townhomes 4 Total $143,425 Average List Price

Sold Listings (Completed Real Estate Sales):
Sale of property is completed and ownership has changed hands.

March 2009:                                            
*Total Sold: 75 * Highest Sold Price: $495,000 *Lowest Sold Price: $25,000
          *Average Sold Price: $181,174 * Average Days on the Market: 163

• Single Family Homes 71 Total $187,150 Average Sold Price
• Condos 4 Total $75,100 Average Sold Price

February 2009:                                            
*Total Sold: 46 * Highest Sold Price: $438,000 *Lowest Sold Price: $52,900
          *Average Sold Price: $182,367 * Average Days on the Market: 156

• Single Family Homes 45 Total $184,531 Average Sold Price
• Condos 1 Total $85,000 Average Sold Price

January 2009:                                            
*Total Sold: 34 * Highest Sold Price: $335,000 *Lowest Sold Price: $13,000
          *Average Sold Price: $142,478 * Average Days on the Market: 125

• Single Family Homes 32 Total $148,597 Average Sold Price
• Condos 2 Total $44,580 Average Sold Price

 http://www.orlandofloridarealestatehomes.com/orlando-real-estate-Apopka-market-update

For information on great real estate buys in Orlando and nearby suburbs,
contact the Orlando Property Group, your short sale and luxury home specialists.

Or Search Now for Real Estate & Homes in the Orlando Florida Area

Looking for specific information regarding Orlando Florida real estate prices and communities? Get Your Free Market Snapshot

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If you are wanting to sell your Seminole County or Orlando area home in the next 6 to12 months, now is the time to begin putting your plan into place while time is still on your side. Please contact us for any real estate assistance you may need.

We're experts at putting people together with homes they love and can afford. Contact us today for information on Orlando and Seminole County real estate, Orlando & Seminole County homes for sale, Orlando & Seminole County relocation information, a free market analysis of your Orlando area or Seminole County home or statistics on homes in Orlando & Seminole County Florida or the surrounding Central Florida area, including Seminole County, Orange County, Lake County and Volusia County. We're always available to answer your questions.

Apopka FL Market Update - February 2009

Apopka is one of the fastest growing cities in Orange County. Conveniently located only 15 miles northwest of Orlando, Apopka offers all manner of lifestyles, from comfy condos to elegant luxury homes. Just minutes from some of the best bass fishing in the world, this city of many lakes and rivers offers water sports galore with skiiing, boating, and swimming as well as golfing and hunting.

Real Estate Update for Apopka

This monthly update provides residential real estate listings and sales statistics for Apopka, Florida. While this is an accurate overall snapshot of what's happening in the local housing market, sales trends vary from neighborhood to neighborhood and from budget-priced condo to comfortable single-family home to elegant luxury estate.

Active Listings (Real Estate for Sale):
Property being marketed for sale by a Realtor®, as contracted with the seller.

February 2009:
 • Total active listings: 805
 • Highest listing price: $2,500,000
 • Lowest listing price: $24,900
 • Average listing price: $233,919
 • Average days on the market: 190

January 2009:
 • Total active listings: 855
 • Highest listing price: $2,500,000
 • Lowest listing price: $24,900
 • Average listing price: $238,643
 • Average days on the market: 193

Read more »

http://www.orlandofloridarealestatehomes.com/0092CB

  Orlando Florida Real Estate Resource

Apopka Florida Real Estate Market Facts - Everything You Need To Know!

Here Are Some Local Factors That Affect Home Values In Apopka Florida

City Overview

As of 2007, Apopka's population is 35,563 people. Since 2000, it has had a population growth of 33.48 percent.

The median home cost in Apopka is $280,700. Home appreciation the last year has been -3.53 percent.

Compared to the rest of the country, Apopka's cost of living is 4.93% Lower than the U.S. average.

Apopka public schools spend $5,245 per student. The average school expenditure in the U.S. is $6,058. There are about 18 students per teacher in Apopka.

The unemployment rate in Apopka is 2.80 percent(U.S. avg. is 4.60%). Recent job growth is Positive. Apopka jobs have Increased by 2.78 percent.

Read more »