Southwest Orange County Real Estate

Dr. Phillips, Windermere, Gotha, Metrowest, Ocoee, Celebration, Clermont, Winter Garden

Archive for March, 2007

Real Estate Market Indicators for Orlando as of 3/8/2007

Posted by sworlando on March 16, 2007

Inventory of homes in the Orlando MSA is at a 12 month high sitting jut above 22,000 while the number of sales have hit an all time low at just 1,386 homes vs 2,286 a year ago. My humble prediction is that the numbers will continue to deteriorate until the inventory goes down to below 10,000 homes for sale. The recent tightening of lenders in recent months on sub prime mortgages should not help this market. Hopefully the dropping the rates will spur us on in our traditional peak season from Spring until the end of Summer for real estate in Orlando.  Currently there are far more homes coming on the market than there are selling.  5,566 homes came on the market in February while sales have hovered around 2,000 home selling per month.  If this keeps up then leave it to me to point out the obvious, more inventory.

Orange &
Seminole Counties

February 2006

6.07%

12,966

5,572

2,746

-

301

569

1,342

2,269*

48*

March 2006

6.17%

14,559

7,112

3,322

-

369

719

1,700

2,878*

50*

April 2006

6.27%

16,036

6,574

3,050

-

305

721

1,613

2,467*

53*

May 2006

6.39%

18,179

6,967

2,859

-

408

790

2,134

2,842*

56*

June 2006

6.45%

18,437

7,111

2,727

-

448

1,028

2,430

2,841*

57*

July 2006

6.53%

19,827

6,862

2,505

-

364

1,066

2,353

2,361*

61*

August 2006

6.20%

21,077

7,039

2,439

-

443

1,230

2,686

2,249*

62*

September 2006

6.09%

20,319

6,297

2,182

-

416

1,507

2,434

2,054*

67*

October 2006

6.05%

21,324

6,119

2,602

 3,186

371

1,467

2,668

1,896*

73*

November 2006

6.10%

21,122

5,160

2,319

2,952

365

1,397

2,341

1,840*

74*

December 2006

5.74%

19,537

3,840

2,012

2,557

324

2,320

1,696

1,945*

78*

January 2007

5.91%

21,266

6,630

2,409

2,504

362

1,426

1,922

1,469*

90*

February 2007

5.92%

22,055

5,566

2,387

3,096

302

1,236

1,775

1,386

92

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What Is Going on With Intermezzo at Rialto

Posted by sworlando on March 8, 2007

This development by the Wilder Company has been slated to begin construction for quite some time at the site of the old Days Inn on Sand Lake Rd. I’ve heard rumors that they are having problems dealing with easements and that is why the site has been sitting empty without any signs of construction for the past year. If anyone knows anything about this, please post a comment.

Posted in Southwest Orlando Bulletin | No Comments »

Real Estate Market Numbers for 32835 Metrowest & Veranda Park Area of Orlando

Posted by sworlando on March 8, 2007

The real estate market numbers for this area has been on a decline since July of 2006 with more and more properties coming on the market with many of the properties being condo conversions, condos, and townhomes. While there were 97 sales in July of 2006, the number of sales have been on a steady decline to a current level of only 38 sales in January of 2007 while inventory is at an a high for the past 5 years. I believe the numbers here have been skewed by the tremendous amount of investors with properties, especially condo conversions, on the market.

Number of Homes for Sale vs Sold vs Pended

Date 11/05 12/05 1/06 2/06 3/06 4/06 5/06 6/06 7/06 8/06 9/06 10/06 11/06 12/06 1/07
For Sale 270 311 336 393 425 444 482 514 547 590 600 611 669 659 689
Sold 108 88 48 71 180 107 95 142 97 80 57 63 61 50 38
Pended 104 69 73 54 196 118 92 132 90 70 67 73 56 35 65
Mon of Inv. on Sold 2.5 3.5 7.0 5.5 2.4 4.1 5.1 3.6 5.6 7.4 10.5 9.7 11.0 13.2 18.1
Mon of Inv. on Pended 2.6 4.5 4.6 7.3 2.2 3.8 5.2 3.9 6.1 8.4 9.0 8.4 11.9 18.8 10.6
Avg. Act Price 346 346 328 319 312 326 327 340 335 325 325 319 317 315 314
Avg. Sld Price 275 292 282 301 229 257 242 228 238 223 241 279 236 321 276
Avg. Sq. Ft. Price 182 182 179 181 196 195 189 192 193 182 198 177 172 192 177
Sold/List Diff. % 99 99 98 98 99 99 99 99 98 99 99 98 98 96 97
Median Price 240 243 245 275 182 199 214 190 189 195 206 235 225 239 196
Date 11/05 12/05 1/06 2/06 3/06 4/06 5/06 6/06 7/06 8/06 9/06 10/06 11/06 12/06 1/07
For Sale 270 311 336 393 425 444 482 514 547 590 600 611 669 659 689
Sold 108 88 48 71 180 107 95 142 97 80 57 63 61 50 38
Pended 104 69 73 54 196 118 92 132 90 70 67 73 56 35 65
Mon of Inv. on Sold 2.5 3.5 7.0 5.5 2.4 4.1 5.1 3.6 5.6 7.4 10.5 9.7 11.0 13.2 18.1
Mon of Inv. on Pended 2.6 4.5 4.6 7.3 2.2 3.8 5.2 3.9 6.1 8.4 9.0 8.4 11.9 18.8 10.6
Avg. Act Price 346 346 328 319 312 326 327 340 335 325 325 319 317 315 314
Avg. Sld Price 275 292 282 301 229 257 242 228 238 223 241 279 236 321 276
Avg. Sq. Ft. Price 182 182 179 181 196 195 189 192 193 182 198 177 172 192 177
Sold/List Diff. % 99 99 98 98 99 99 99 99 98 99 99 98 98 96 97
Median Price 240 243 245 275 182 199 214 190 189 195 206 235 225 239 196

Days on Market and Sold/List Price %

Date 11/05 12/05 1/06 2/06 3/06 4/06 5/06 6/06 7/06 8/06 9/06 10/06 11/06 12/06 1/07
For Sale 270 311 336 393 425 444 482 514 547 590 600 611 669 659 689
Sold 108 88 48 71 180 107 95 142 97 80 57 63 61 50 38
Pended 104 69 73 54 196 118 92 132 90 70 67 73 56 35 65
Mon of Inv. on Sold 2.5 3.5 7.0 5.5 2.4 4.1 5.1 3.6 5.6 7.4 10.5 9.7 11.0 13.2 18.1
Mon of Inv. on Pended 2.6 4.5 4.6 7.3 2.2 3.8 5.2 3.9 6.1 8.4 9.0 8.4 11.9 18.8 10.6
Avg. Act Price 346 346 328 319 312 326 327 340 335 325 325 319 317 315 314
Avg. Sld Price 275 292 282 301 229 257 242 228 238 223 241 279 236 321 276
Avg. Sq. Ft. Price 182 182 179 181 196 195 189 192 193 182 198 177 172 192 177
Sold/List Diff. % 99 99 98 98 99 99 99 99 98 99 99 98 98 96 97
Median Price 240 243 245 275 182 199 214 190 189 195 206 235 225 239 196

Average Prices of For Sale and Sold Homes

Date 11/05 12/05 1/06 2/06 3/06 4/06 5/06 6/06 7/06 8/06 9/06 10/06 11/06 12/06 1/07
For Sale 270 311 336 393 425 444 482 514 547 590 600 611 669 659 689
Sold 108 88 48 71 180 107 95 142 97 80 57 63 61 50 38
Pended 104 69 73 54 196 118 92 132 90 70 67 73 56 35 65
Mon of Inv. on Sold 2.5 3.5 7.0 5.5 2.4 4.1 5.1 3.6 5.6 7.4 10.5 9.7 11.0 13.2 18.1
Mon of Inv. on Pended 2.6 4.5 4.6 7.3 2.2 3.8 5.2 3.9 6.1 8.4 9.0 8.4 11.9 18.8 10.6
Avg. Act Price 346 346 328 319 312 326 327 340 335 325 325 319 317 315 314
Avg. Sld Price 275 292 282 301 229 257 242 228 238 223 241 279 236 321 276
Avg. Sq. Ft. Price 182 182 179 181 196 195 189 192 193 182 198 177 172 192 177
Sold/List Diff. % 99 99 98 98 99 99 99 99 98 99 99 98 98 96 97
Median Price 240 243 245 275 182 199 214 190 189 195 206 235 225 239 196

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Real Estate Market Numbers for 34786 Zip Code:Windermere

Posted by sworlando on March 8, 2007

The real estate market in Windermere has been mirroring the trend for all of Central Florida with a rise to an already high inventory and decrease in number of sales but since November of 2006, the number of sales surprisingly have been on a upward climb.

Number of Homes For Sale vs. Sold vs. Pended
Price Range: $0 - No Limit
SQFT Range: 0 - No Limit
All Residential Prop
Date 11/05 12/05 1/06 2/06 3/06 4/06 5/06 6/06 7/06 8/06 9/06 10/06 11/06 12/06 1/07
For Sale 259 303 330 348 412 441 526 604 598 626 625 626 640 612 632
Sold 44 34 34 45 48 44 57 52 45 50 60 47 37 50 47
Pended 32 26 51 44 52 55 49 40 61 50 40 42 39 33 68
Mon of Inv. on Sold 5.9 8.9 9.7 7.7 8.6 10.0 9.2 11.6 13.3 12.5 10.4 13.3 17.3 12.2 13.4
Mon of Inv. on Pended 8.1 11.7 6.5 7.9 7.9 8.0 10.7 15.1 9.8 12.5 15.6 14.9 16.4 18.5 9.3
Avg. Act Price 1469 1321 1247 1248 1221 1236 1188 1157 1160 1099 1119 1154 1135 1179 1225
Avg. Sld Price 1052 1035 810 847 1147 959 879 926 847 848 849 769 618 898 736
Avg. Sq. Ft. Price 283 290 265 260 312 291 271 284 248 264 258 253 211 273 227
Sold/List Diff. % 94 96 97 96 91 94 95 94 95 95 95 97 97 92 95
Median Price 725 648 625 630 634 553 650 692 635 572 562 528 520 488 497
Average Home Sold Price per SQFT
Price Range: $0 - No Limit
SQFT Range: 0 - No Limit
All Residential Prop
Date 11/05 12/05 1/06 2/06 3/06 4/06 5/06 6/06 7/06 8/06 9/06 10/06 11/06 12/06 1/07
For Sale 259 303 330 348 412 441 526 604 598 626 625 626 640 612 632
Sold 44 34 34 45 48 44 57 52 45 50 60 47 37 50 47
Pended 32 26 51 44 52 55 49 40 61 50 40 42 39 33 68
Mon of Inv. on Sold 5.9 8.9 9.7 7.7 8.6 10.0 9.2 11.6 13.3 12.5 10.4 13.3 17.3 12.2 13.4
Mon of Inv. on Pended 8.1 11.7 6.5 7.9 7.9 8.0 10.7 15.1 9.8 12.5 15.6 14.9 16.4 18.5 9.3
Avg. Act Price 1469 1321 1247 1248 1221 1236 1188 1157 1160 1099 1119 1154 1135 1179 1225
Avg. Sld Price 1052 1035 810 847 1147 959 879 926 847 848 849 769 618 898 736
Avg. Sq. Ft. Price 283 290 265 260 312 291 271 284 248 264 258 253 211 273 227
Sold/List Diff. % 94 96 97 96 91 94 95 94 95 95 95 97 97 92 95
Median Price 725 648 625 630 634 553 650 692 635 572 562 528 520 488 497
Days on Market & Sold/List Price %
Price Range: $0 - No Limit
SQFT Range: 0 - No Limit
Date 11/05 12/05 1/06 2/06 3/06 4/06 5/06 6/06 7/06 8/06 9/06 10/06 11/06 12/06 1/07
For Sale 259 303 330 348 412 441 526 604 598 626 625 626 640 612 632
Sold 44 34 34 45 48 44 57 52 45 50 60 47 37 50 47
Pended 32 26 51 44 52 55 49 40 61 50 40 42 39 33 68
Mon of Inv. on Sold 5.9 8.9 9.7 7.7 8.6 10.0 9.2 11.6 13.3 12.5 10.4 13.3 17.3 12.2 13.4
Mon of Inv. on Pended 8.1 11.7 6.5 7.9 7.9 8.0 10.7 15.1 9.8 12.5 15.6 14.9 16.4 18.5 9.3
Avg. Act Price 1469 1321 1247 1248 1221 1236 1188 1157 1160 1099 1119 1154 1135 1179 1225
Avg. Sld Price 1052 1035 810 847 1147 959 879 926 847 848 849 769 618 898 736
Avg. Sq. Ft. Price 283 290 265 260 312 291 271 284 248 264 258 253 211 273 227
Sold/List Diff. % 94 96 97 96 91 94 95 94 95 95 95 97 97 92 95
Median Price 725 648 625 630 634 553 650 692 635 572 562 528 520 488 497
Avg. Prices of For Sale and Sold Homes
Price Range: $0 - No Limit
SQFT Range: 0 - No Limit
All Residential Prop
Date 11/05 12/05 1/06 2/06 3/06 4/06 5/06 6/06 7/06 8/06 9/06 10/06 11/06 12/06 1/07
For Sale 259 303 330 348 412 441 526 604 598 626 625 626 640 612 632
Sold 44 34 34 45 48 44 57 52 45 50 60 47 37 50 47
Pended 32 26 51 44 52 55 49 40 61 50 40 42 39 33 68
Mon of Inv. on Sold 5.9 8.9 9.7 7.7 8.6 10.0 9.2 11.6 13.3 12.5 10.4 13.3 17.3 12.2 13.4
Mon of Inv. on Pended 8.1 11.7 6.5 7.9 7.9 8.0 10.7 15.1 9.8 12.5 15.6 14.9 16.4 18.5 9.3
Avg. Act Price 1469 1321 1247 1248 1221 1236 1188 1157 1160 1099 1119 1154 1135 1179 1225
Avg. Sld Price 1052 1035 810 847 1147 959 879 926 847 848 849 769 618 898 736
Avg. Sq. Ft. Price 283 290 265 260 312 291 271 284 248 264 258 253 211 273 227
Sold/List Diff. % 94 96 97 96 91 94 95 94 95 95 95 97 97 92 95
Median Price 725 648 625 630 634 553 650 692 635 572 562 528 520 488 497

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Latest Real Estate Market Numbers for 32819 in Dr. Phillips

Posted by sworlando on March 8, 2007

Here are the latest real estate market numbers for the Dr. Phillips/Bay Hill area of Orlando, FL. The graphic clearly illustrates how even in sought after areas the inventories are rising while the number of sales have been decreasing.

Location : Orlando/Bay Hill/Sand Lake (ZIP 32819)

Number of Homes For Sale vs. Sold vs. Pended
Price Range: $0 - No Limit
SQFT Range: 0 - No Limit
All Residential Prop
Date 11/05 12/05 1/06 2/06 3/06 4/06 5/06 6/06 7/06 8/06 9/06 10/06 11/06 12/06 1/07
For Sale 147 171 193 216 240 284 315 365 429 428 427 398 418 411 392
Sold 34 25 20 36 44 36 46 41 35 29 24 37 29 27 23
Pended 36 11 37 41 45 40 41 28 34 28 32 36 28 25 33
Mon of Inv. on Sold 4.3 6.8 9.7 6.0 5.5 7.9 6.8 8.9 12.3 14.8 17.8 10.8 14.4 15.2 17.0
Mon of Inv. on Pended 4.1 15.5 5.2 5.3 5.3 7.1 7.7 13.0 12.6 15.3 13.3 11.1 14.9 16.4 11.9
Avg. Act Price 537 547 492 500 552 565 552 536 523 508 497 513 524 509 493
Avg. Sld Price 438 471 418 480 421 478 601 475 413 381 542 431 445 412 521
Avg. Sq. Ft. Price 192 213 191 234 214 205 242 217 202 190 243 214 223 183 231
Sold/List Diff. % 96 97 98 96 96 97 95 93 96 96 96 96 97 95 97
Median Price 386 375 368 354 416 420 400 350 372 340 358 347 308 390 355
Average Home Sold Price per SQFT
Price Range: $0 - No Limit
SQFT Range: 0 - No Limit
All Residential Prop
Date 11/05 12/05 1/06 2/06 3/06 4/06 5/06 6/06 7/06 8/06 9/06 10/06 11/06 12/06 1/07
For Sale 147 171 193 216 240 284 315 365 429 428 427 398 418 411 392
Sold 34 25 20 36 44 36 46 41 35 29 24 37 29 27 23
Pended 36 11 37 41 45 40 41 28 34 28 32 36 28 25 33
Mon of Inv. on Sold 4.3 6.8 9.7 6.0 5.5 7.9 6.8 8.9 12.3 14.8 17.8 10.8 14.4 15.2 17.0
Mon of Inv. on Pended 4.1 15.5 5.2 5.3 5.3 7.1 7.7 13.0 12.6 15.3 13.3 11.1 14.9 16.4 11.9
Avg. Act Price 537 547 492 500 552 565 552 536 523 508 497 513 524 509 493
Avg. Sld Price 438 471 418 480 421 478 601 475 413 381 542 431 445 412 521
Avg. Sq. Ft. Price 192 213 191 234 214 205 242 217 202 190 243 214 223 183 231
Sold/List Diff. % 96 97 98 96 96 97 95 93 96 96 96 96 97 95 97
Median Price 386 375 368 354 416 420 400 350 372 340 358 347 308 390 355
Days on Market & Sold/List Price %
Price Range: $0 - No Limit
SQFT Range: 0 - No Limit
All Residential Prop
Date 11/05 12/05 1/06 2/06 3/06 4/06 5/06 6/06 7/06 8/06 9/06 10/06 11/06 12/06 1/07
For Sale 147 171 193 216 240 284 315 365 429 428 427 398 418 411 392
Sold 34 25 20 36 44 36 46 41 35 29 24 37 29 27 23
Pended 36 11 37 41 45 40 41 28 34 28 32 36 28 25 33
Mon of Inv. on Sold 4.3 6.8 9.7 6.0 5.5 7.9 6.8 8.9 12.3 14.8 17.8 10.8 14.4 15.2 17.0
Mon of Inv. on Pended 4.1 15.5 5.2 5.3 5.3 7.1 7.7 13.0 12.6 15.3 13.3 11.1 14.9 16.4 11.9
Avg. Act Price 537 547 492 500 552 565 552 536 523 508 497 513 524 509 493
Avg. Sld Price 438 471 418 480 421 478 601 475 413 381 542 431 445 412 521
Avg. Sq. Ft. Price 192 213 191 234 214 205 242 217 202 190 243 214 223 183 231
Sold/List Diff. % 96 97 98 96 96 97 95 93 96 96 96 96 97 95 97
Median Price 386 375 368 354 416 420 400 350 372 340 358 347 308 390 355
Avg. Prices of For Sale and Sold Homes
Price Range: $0 - No Limit
SQFT Range: 0 - No Limit
All Residential Prop
Date 11/05 12/05 1/06 2/06 3/06 4/06 5/06 6/06 7/06 8/06 9/06 10/06 11/06 12/06 1/07
For Sale 147 171 193 216 240 284 315 365 429 428 427 398 418 411 392
Sold 34 25 20 36 44 36 46 41 35 29 24 37 29 27 23
Pended 36 11 37 41 45 40 41 28 34 28 32 36 28 25 33
Mon of Inv. on Sold 4.3 6.8 9.7 6.0 5.5 7.9 6.8 8.9 12.3 14.8 17.8 10.8 14.4 15.2 17.0
Mon of Inv. on Pended 4.1 15.5 5.2 5.3 5.3 7.1 7.7 13.0 12.6 15.3 13.3 11.1 14.9 16.4 11.9
Avg. Act Price 537 547 492 500 552 565 552 536 523 508 497 513 524 509 493
Avg. Sld Price 438 471 418 480 421 478 601 475 413 381 542 431 445 412 521
Avg. Sq. Ft. Price 192 213 191 234 214 205 242 217 202 190 243 214 223 183 231
Sold/List Diff. % 96 97 98 96 96 97 95 93 96 96 96 96 97 95 97
Median Price 386 375 368 354 416 420 400 350 372 340 358 347 308 390 355

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The Latest Real Estate Market Numbers for Dr. Phillips 32836 Zip Code from November 2005-January 2007

Posted by sworlando on March 7, 2007

Location : Orlando/Dr. Phillips/Bay Vista (ZIP 32836)
Number of Homes For Sale vs. Sold vs. Pended
Price Range: $0 - No Limit
SQFT Range: 0 - No Limit
All Residential Prop

The number of sales in the 32836 zip code has been on a marked decline since August of 2006 and the current inventory at an all time high.  The disturbing part about this stat is that it is much worse than the numbers for all of Central Florida.  This zip code historically has been considered one of the most sought after for its convenience to restaurant row and high scoring school districts.

Date 11/05 12/05 1/06 2/06 3/06 4/06 5/06 6/06 7/06 8/06 9/06 10/06 11/06 12/06 1/07
For Sale 99 110 127 125 141 156 194 206 211 216 209 194 205 205 220
Sold 17 23 12 23 31 26 26 26 25 36 20 21 12 17 13
Pended 17 11 29 25 28 26 29 26 31 20 21 22 6 22 15
Mon of Inv. on Sold 5.8 4.8 10.6 5.4 4.5 6.0 7.5 7.9 8.4 6.0 10.5 9.2 17.1 12.1 16.9
Mon of Inv. on Pended 5.8 10.0 4.4 5.0 5.0 6.0 6.7 7.9 6.8 10.8 10.0 8.8 34.2 9.3 14.7
Avg. Act Price 818 764 762 743 752 803 881 881 886 951 928 937 897 886 833
Avg. Sld Price 698 679 624 534 721 703 941 633 639 733 610 1009 714 578 731
Avg. Sq. Ft. Price 244 236 228 224 242 259 284 221 236 246 231 251 247 219 238
Sold/List Diff. % 99 97 96 97 96 97 94 95 95 96 93 91 93 93 94
Median Price 515 565 539 471 635 468 708 532 500 662 512