Bellalago Update

BELLALAGO UPDATE Today there are 44 homes listed for sale on the MLS, that marks an all time low. The listed prices range from 114,000 to an unrealestic $650,000 (as if this will happen soon, must be a new agent).
From those 44 homes, 33 are short sales and only 3 are foreclosures. A far cry from where we were just 7 months ago with 139 homes on the market and over 50 of those in foreclosure. In the last 60 days there have been 30 sales via MLS. The current trends are $69. per square foot, that's up $2. per square foot since last month. Yes, that is good news. And homes on the water are still hovering at the $80 p.s.f.
More sales mean that more homes are becoming occupied. Homes are selling faster these days. Curently, some homes are selling for as much as 5% over asking price. These are usually the Foreclosures. In recent weeks reports show that more first time home buyers are buying up property, living the American Dream. And getting in for the $8000 tax credit. That ends Nov 30th. You need to not have owned anything for the past 3 years. And must close on your purchase by Nov 30th.

Paul Antonelli
E-Pro Realtor
Coldwell Banker Ackley Realty
"Your Residential, Short Sale & REO Specialists!"
3264 Greenwald Way, Kissimmee, Florida 34741
Cell: 321-443-4028 Office: 407-846-4040 Fax: 407-846-3407
E-mail: Info@PaulAntonelli.net
Website: http://www.OwnAHomeInCentralFL.com
Local Foreclosures: http://www.paulantonelli.net/deals