About Orlando's Woodland Lakes Preserve

It’s rather an interesting question, really. A report by RealtyTrac shows foreclosures in Orlando, FL for the first six months of the year moving from being in the top 10 of US metropolitan areas for foreclosures, way down the list to number 36. It equates to a roughly 60% drop in foreclosures for Orlando real estate. And, to an extent, there is a point there, however there are other factors to consider.

Those of us who work in Orlando know that there has been a slight drop in the number of bank-owned and REO real estate properties the past few months, but it’s not nearly enough to suggest that the market will be drying up any time soon. Foreclosures are still happening and will remain in demand until conventional home prices drop to the point that the convenience they afford overshadows the cost gap between them and foreclosure homes.

So what’s going on? Most likely, this is more a reflection of how many foreclosures there actually are with banks unwilling to foreclose on seriously delinquent real estate homes in Orlando for the time and effort required to get them through the courts. However, as the previous homes start working their way through the process, it’s likely that this “shadow inventory” will find its way onto the Orlando real estate market.

While this will likely drive down home prices that have been slowly moving their way back up, regular readers of this blog will notice the repeated mentions that Orlando real estate tends to have stable pricing. Data collected has shown very little movement down and careful movement upward since the housing crisis. So while prices will fluctuate, buying real estate here in Orlando, FL is usually a better investment than other parts of the state despite the foreclosures on the market.

Now is a great time to get involved in the Orlando real estate market, whether it’s selling your home or buying a new one. Contact a local real estate agent or REALTOR to see for yourself what an incredible market it is when you’re looking to buy or sell your home.

One of the advantages to living in Orlando is that, despite everything else, home prices seem to remain reasonably stable. Even during the crisis, Orlando real estate prices showed among the least decline in the state, and now they are poised for a steady rise.

Don’t forget: Orlando is a huge area and the metropolitan area covers a lot of land. As a result, inventory in the area for homes tends to be high in general. That being said, they have been declining by several hundred every month for the past six months as more homes are actually sold. 745 homes were sold in Orlando in May, for examine, leaving the inventory at 13,109 for June. July’s numbers haven’t been released yet.

Of course, despite this, prices are staying reasonably stable, the median one being $110,000 for the past three months. This could be due to a number of factors, one of which is that bank-owned properties are still driving down the values of other homes. However, this recent plateau was after a period of growth and it’s likely that it will continue to grow as more inventory is sold off.

Orlando’s housing market continues to show signs of improvement and its trademark balance. As inventory goes down, one trend is that fewer REO properties are hitting the market. Unless there is a vast “shadow inventory” or “hidden inventory” that simply isn’t on the market for no apparent reason, odds are in favor of home prices continuing to rise to more reasonable levels.

This could be the perfect time to buy a house in the Orlando area. With prices still remarkably low but poised to rise, buying a home becomes an excellent investment right now. It’s also a point at which foreclosed homes, which tend to be incredible deals, are still available since fewer are hitting the market every month. Call your local REALTOR or real estate agent and ask them to provide you with homes in the area, and I can bet there will be a few that are not only beautiful, in within your budget.

Informed decisions lead to brighter outcomes.

MLS# S4682200 10754 CYPRESS TRAIL DR, ORLANDO FL 32825 $$$ 195,000 $$$

Exterior Front	Kitchen
Exterior Front	Master Bedroom
Master Bath/Spa	Exterior Front

Short Sale...APPROVED ON 2/15/11...Very spacious and well maintained home. 5 Bedroom 3 Bath 2730 sqft of living space..Amazing water view...upgraded lot..Act Now !!!

For the latest status on this property and many more in the Orlando area, contact Steve Glose with Keller Williams Realty direct at 407-616-7286 or visit www.thefloridalivingteam.com. For a faster reply you can also email me at steve@thefloridalivingteam.com. U.K callers dial: 020-3239-7286. All information is deemed reliable but not guaranteed on the date posted.

Visit www.hunterscreekhomevalues.com or www.hunterscreekhomesforsale.comfor information on all properties for sale in Hunters Creek Orlando.

Centerline Homes does it again! Last weekend the furnished model homes at Woodland Lakes Preserve debuted to rave reviews. Centerline Homes welcomed several hundred visitors to tour the models and see this beautiful wooded community located in one of Orlando's most sought-after locations. Priced from only $189,900, these 3 and 4 bedroom single family homes proudly feature the exceptional value and outstanding design that have made Centerline Homes central Florida's homebuilder of choice.

Typical of the outstanding floor plans offered is The Bonita model. This affordable single-story home features all the right spaces in all the right places. Buyers love the wide-open floor plan and split-bedroom layout. Every Centerline home at Woodland Lakes Preserve includes a host of standard features. Granite kitchen and bathroom countertops, maple kitchen cabinets with 42" uppers, Whirlpool appliances (including a 25 cu. ft. side-by-side refrigerator), 18" ceramic tile and brick paver driveways and walkways are just a few of the standard features that make a Centerline home an exceptional value.

For additional information call (407) 278-0344, or visit CenterlineHomes.com Furnished models are open daily 10-6 To reach Woodland Lakes Preserve, take SR 417 to exit 30 (Curry Ford Road), go east on Curry Ford Road for 3 ½ miles. Entrance is on the left