Orlando Florida Real Estate Resource

Orlando Florida Real Estate

Orlando's Altamonte Springs Allows You To Avoid The Long Daily Commute! 

Altamonte Springs is conveniently located in the heart of Central Florida, near Orlando, close to the business centers of North Orlando, Lake Mary, Apopka and Maitland. Altamonte Springs is in Seminole County, at the crossroads of Interstate 4 and State Road 436. It is just 15 minutes away from downtown Orlando and a little more than half an hour away from Orlando International Airport.  

Planning to invest in Altamonte Springs real estate?

There has been very rapid growth in the Orlando area, and Altamonte Springs & Orlando real estate is still moving! Altamonte Springs has a lot to offer, including a central location, new condo developments, job opportunities, good schools, entertainment, and shopping at Uptown Altamonte.

Altamonte Springs has beautiful lakes, parks, and nature trails, where nature lovers can have a good time. You can enjoy great fishing and water sports, stroll down the walkways, or just relax on the benches. The warm weather is great!

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Orlando Florida Real Estate

Enjoy World-Class Real Estate & Amenities In The Wild At Orlando's Alaqua!

The Alaqua Country Club is an exclusive country club and golf community, located in Orlando suburb of Longwood, in Seminole County, Florida. The club lies along the Little Wekiva River, in the middle of a heavily wooded area. Alaqua Country Club has a superb 18-hole golf course, designed by golfing legend Gary Player.

The Legacy Club at Alaqua Lakes has an award-winning Arnold Palmer-signature designed, 18-hole golf course, and is located in an undulating, heavily wooded countryside. It offers breathtaking natural beauty, with excellent real estate, amenities, and service!

Thinking of settling down near Alaqua?

If you want to live near Alaqua, you can consider investing in real estate in Orlando's Longwood, a great Orlando suburb with residential communities that offer boating, golfing, biking, jogging, horseback riding, and more!    

Longwood has a small town atmosphere, and it offers a safe and comfortable life to its residents, even though it is surrounded by a booming metropolitan area. It has brick streets lined with mature live-oak trees, and is well known for its quiet ambience and wonderful weather! 

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Lake Mary Florida Real Estate Market Update -March 2008

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The Lake Mary Florida real estate market seems to be picking up this Spring. We are seeing more homes closing and more homes going under contract.  While this is much welcome to Lake Mary home sellers, there are still mixed emotions, as home prices are still falling.

For Lake Mary home buyers, this market is a dream come true.  It seems as though were finally reaching bottom, making it the ideal time for making your move.  Prices are low as are interest rates, but dont wait, as interest rates are definitely expected to rise.  If youre a gambler and wondering how best to time your purchase, youll definitely want to read the follwing:

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Orlando Florida Real Estate Market Update -March 2008

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According to the Orlando Regional Realtor Association, Orlando’s monthly housing sales increased in March, as the median price dropped. Orlando Florida real estate experienced an increase in the number of home sales, an increase in the number of homes under contrace and a decrease in it’s housing inventory for sale.  These are all small, but much anticipated steps toward market equilibrium.  

The monthly statistical reports released by the Orlando Regional Realtor® Association revealed some additional interesting tidbits for the month of March:

• the sales of homes costing upwards of $1 million more than doubled in March compared to last month;
• the sales of duplexes, town homes, and villas have increased in each of the last three months; and
• the majority of condos sold have fallen into lower and lower price categories for each of the last three months.

The median sales price of a single-family home in the Orlando area decreased by 1.35 percent ($3,000) from $223,000 in February 2008 to $220,000 in March 2008. The median sales price for March 2008 is 8.33 percent below that of March 2007 ($240,000).

The decrease in the median home price to $220,000 means that the area’s affordability index increased in March to 102.35 percent. (An affordability index of 99 percent means that buyers earning the state-reported median income are 1 percent short of the income necessary to purchase a median-priced home. Conversely, an affordability index that is over 100 means that median-income earners make more than is necessary to qualify for a median-priced home.) Buyers who earn the reported median income of $51,506 can qualify to purchase one of 10,980 homes in Orange and Seminole counties currently listed in the local multiple listing service (MLS) for $225,170 or less.

The first time homebuyer affordability index held steady in March, at 72.78.

The number of sales in the Orlando area declined by 39.29 percent in March 2008 compared to March of last year (1,080 to 1,779), but the number of sales that took place in March 2008 increased by 13.56 percent compared to the number of sales that occurred in February 2008 (951).

There are currently 2,398 homes in the MLS with pending sales contracts (an indicator of future sales activity), up from 1,731 in January and 2,175 in February. The number of homes newly under contract increased by 142 in March, and the increase from January to February was 298.

The area’s average interest rate was 5.94 percent in March 2008, up from 5.87 percent in February but down from 2007’s high of 6.60 percent in August.

Homes of all types spent an average of 130 days on the market before being sold in March 2008; the average home sold for 93.53 percent of its original asking price. In March 2007 those numbers were 90 and 95.87 percent, respectively.

The majority of single-family homes (223) that changed hands in March 2008 were sold for between $200,000 and $250,000. Another 129 homes sold in March for between $250,000 and $300,000. Two hundred eighty-four homes sold for less than $200,000 in March, and 260 sold for more than $300,000. On the far ends of the scale, 31 homes were sold for $1 million or more (double the number sold in February) while only 10 homes sold for less than $50,000.

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Orlando Florida Real Estate Resource

Orlando, and Lake Mary Foreclosures

When reading or watching the news about Orlando Florida Real Estate, it’s easy to begin believing that everyone around you is losing their home to foreclosure.  Don’t be fooled by the media focus on a small fraction of the real estate market.  Here’s just a note on perspective for some of the foreclosure news you are seeing.  

Is it rough out there in today’s real estate market?  Well consider this, in a recent Bloomberg news article there are apparently frightening numbers on forclosure rates - ” U.S. Foreclosures Jump 57%” .  Awful state of affairs - right?  How about this headline for the same article - “99.8% of U.S. Households NOT in Forclosure”  Amazing? Can’t be true? Check the math.

Use the numbers provided in the article - “More than 234,000 properties were in some stage of foreclosure, or one in every 538 U.S. households… “.  Pull out your calculator and work out the percentage - .001859 or .1859% (1 divided by 538).  Yep - that is LESS than two-tenths of one percent.

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