Want to know what’s selling in your neighborhood? These statistics should give you a feel for the market value of your house.
Keep in mind that many of these sales are for Short Sales or Foreclosed/Bank-Owned properties. Under these situations, the Sold Price may be considerably below the Original List Price. Sorry to say, ‘distressed’ sales drag down the values of all the other homes in the neighborhood, whether or not they’re Short Sales or Foreclosures.
|
Street |
Date Sold |
Original List Price |
Sold Price |
Beds |
Baths |
Sq Ft |
Pool |
|
BRADY |
10/15/09 |
$489,900 |
$450,000 |
4 |
3 |
2794 |
N |
|
LEAHY |
10/26/09 |
$459,000 |
$439,000 |
3 |
2 |
2611 |
N |
|
LINDALE |
10/02/09 |
$423,315 |
$405,000 |
3 |
2 |
1779 |
N |
|
STANFIELD |
10/16/09 |
$365,000 |
$365,000 |
3 |
2 |
2281 |
N |
|
PENWAY |
10/21/09 |
$299,000 |
$272,000 |
3 |
2 |
1849 |
N |
|
COMMON WAY |
10/09/09 |
$299,000 |
$299,000 |
3 |
2 |
1781 |
N |
|
HANKS |
10/20/09 |
$240,694 |
$300,000 |
3 |
2 |
1763 |
N |
Properties have been listed and sold by various MLS members.
Data drawn from the My Florida Regional Multiple Listing Service.
If you’re a homeowner who wants to sell your house, the following should give you a better understanding of the Orlando FL marketplace.
Remember the old adage that ‘real estate is always local’. Your neighborhood may be different from the neighborhood just down the road.
Homes in Orlando are selling. In fact, they’re selling so well that thousands of homeowners just like you are moving out and moving on. Last year, 1,000 homes in Orange & Seminole counties sold every month on average. In 2009, monthly sales are averaging 1,600 homes. This represents a 60% increase! If the house down the street can sell in this difficult environment, so can yours.
What’s the long-term outlook for the Orlando FL real estate market? Prices have leveled off in recent months. Even so, due to rising unemployment and foreclosure/short sale saturation, it will probably take several years — perhaps as long as a decade or more — for home prices to completely recover.
What about homeowners who are having difficulty keeping up with mortgage payments but can’t sell because their house is worth less than the amount owed on their loan? There are several solutions, but the way a Realtor® can help is by selling the house as a Short Sale.
These statistics should give you a feel for what’s happening in the luxury segment of the Orlando FL real estate market.
|
Street |
Date Sold |
Original List Price |
Sold Price |
Beds |
Baths |
Sq Ft |
Pool |
|
TRISMEN |
10/09/09 |
$2,795,000 |
$2,050,000 |
4 |
3 |
5033 |
Y |
|
PHELPS |
10/15/09 |
$1,799,950 |
$1,325,000 |
4 |
4 |
4461 |
Y |
|
CYPRESS |
10/30/09 |
$1,750,000 |
$1,450,000 |
5 |
7 |
5783 |
Y |
|
FAIRFAX |
10/23/09 |
$1,350,000 |
$1,125,000 |
3 |
2 |
3280 |
Y |
|
DETMAR |
10/09/09 |
$1,238,000 |
$910,000 |
4 |
4 |
3969 |
Y |
|
KINGS |
10/30/09 |
$1,125,000 |
$965,000 |
5 |
3 |
3668 |
N |
Properties have been listed and sold by various MLS members.
Data drawn from the My Florida Regional Multiple Listing Service.
A few tidbits of note ...
Homes listed above $500,000 often take longer to sell than properties priced at the lower end of the market. While many houses priced below $500,000 may take 6 or 7 months to sell, homes in upscale neighborhoods may take as much as 2 years to unload.
Keep in mind that many of these sales are for Short Sales or Foreclosed/Bank-Owned properties. Under these situations, the Sold Price may be considerably below the Original List Price. Sorry to say, ‘distressed’ sales drag down the values of all the other homes in the neighborhood, whether or not they’re Short Sales or Foreclosures.
What’s the long-term outlook for the Orlando FL real estate market? Prices have leveled off in recent months. Even so, due to rising unemployment and foreclosure/short sale saturation, it will probably take several years — perhaps as long as a decade or more — for home prices to completely recover.
What about homeowners who are having difficulty keeping up with mortgage payments but can’t sell because their house is worth less than the amount owed on their loan? There are several solutions, but the way a Realtor® can help is by selling the house as a Short Sale.
These smart homeowners didn’t have to lose their house to foreclosure. Instead, they hired a real estate agent to help them sell their house as a Short Sale.
|
Street |
Date Sold |
Original List Price |
Sold Price |
Beds |
Baths |
Sq Ft |
Pool |
|
PICKFAIR |
10/29/09 |
$279,000 |
$272,000 |
4 |
2 |
2205 |
N |
|
SHADY OAKS |
10/19/09 |
$479,000 |
$230,000 |
4 |
2 |
2429 |
Y |
|
MALVERN |
10/30/09 |
$319,900 |
$300,000 |
4 |
2 |
2390 |
Y |
|
SWEETGUM VALLEY |
10/30/09 |
$599,000 |
$560,000 |
4 |
2 |
3930 |
Y |
Properties have been listed and sold by various MLS members.
Data drawn from the My Florida Regional Multiple Listing Service.
Because the payoff of a loan will be ‘shorted’ by a significant amount, the mortgage lender must approve a Short Sale. Handled properly, the likelihood of successfully selling your house as a Short Sale is high. Once the Short Sale is behind you, you can often get on with your life with hardly a backward glance.
A Short Sale is nothing more than putting your house up for sale in the usual manner, waiting for a qualified buyer just like any other home seller would, facing a few extra hurdles, filling out additional paperwork, waiting a bit longer for the closing to take place, and finally moving out and moving on.
Real benefits come with selling your house as a Short Sale. Among them are: 1) substantially reducing or completely eliminating financial liability, 2) minimizing damage to your credit rating, 3) emerging from bad credit quicker than you would with a foreclosure, and 4) having a sense of satisfaction that you’re taking care of the problem proactively and responsibly.
This afternoon I attended a block party. One of the ‘games’ was to estimate the number of M&M Chocolate-Covered Peanuts in a jar. Not jelly beans, I know. But I like M&M Chocolate-Covered Peanuts better, anyway. 
I’ve played these games before and never came close.
This time, the ‘hostess’ held up the jar, and I immediately saw something I never saw before. Instead of getting lost in the whole jar, I saw only the rectangular area of M&M Chocolate-Covered Peanuts directly facing me.
I made a calculated guess of how many M&Ms were in that rectangle. Didn’t count each one, just eyeballed it and came up with ...
25
Then I guessed how many rectangles made up the circumference of the jar ...
6
Then I multiplied 25 x 6 =
150
Then I took a wild stab at the interior volume of the jar ... the part I couldn’t see. I guessed ...
½ of surface area = 75
Therefore total M&Ms in the jar should equal ...
150 + 75 = 225
Since my lucky number is 2, I made my official guess ...
222
The correct answer was ...
237
I didn’t win because someone else guessed 230.
Next time I’ll estimate that the center of the jar is halfway between 2/3 and ½ of the jar, or halfway between 75 and 100, which equals ...
87.5
Therefore, 150 + 87.5 equals ...
237.5
Think everybody, including me, will be freaked out?
What this has to do with real estate, I really don’t know, but one day I’ll figured that out, too!
These smart homeowners didn’t have to lose their house to foreclosure. Instead, they hired a real estate agent to help them sell their house as a Short Sale.
|
Street |
Date Sold |
Original List Price |
Sold Price |
Beds |
Baths |
Sq Ft |
Pool |
|
ABEY BLANCO* |
10/09/09 |
$259,000 |
$184,000 |
4 |
2 |
2888 |
N |
|
WILD TAMARIND |
10/29/09 |
$164,900 |
$165,000 |
3 |
2 |
1714 |
N |
|
PODOCARPUS |
10/16/09 |
$179,900 |
$192,000 |
4 |
2 |
2297 |
N |
|
GUIANA PLUM |
10/27/09 |
$195,000 |
$165,000 |
4 |
3 |
1913 |
N |
|
FLOWERING DOGWOOD |
10/12/09 |
$549,000 |
$365,000 |
5 |
4 |
3458 |
Y |
Properties have been listed and sold by various MLS members.
Data drawn from the My Florida Regional Multiple Listing Service.
* Sold by Judy Chapman
Because the payoff of a loan will be ‘shorted’ by a significant amount, the mortgage lender must approve a Short Sale. Handled properly, the likelihood of successfully selling your house as a Short Sale is high. Once the Short Sale is behind you, you can often get on with your life with hardly a backward glance.
A Short Sale is nothing more than putting your house up for sale in the usual manner, waiting for a qualified buyer just like any other home seller would, facing a few extra hurdles, filling out additional paperwork, waiting a bit longer for the closing to take place, and finally moving out and moving on.
Real benefits come with selling your house as a Short Sale. Among them are: 1) substantially reducing or completely eliminating financial liability, 2) minimizing damage to your credit rating, 3) emerging from bad credit quicker than you would with a foreclosure, and 4) having a sense of satisfaction that you’re taking care of the problem proactively and responsibly.
 |
|
|
Short Sales / Luxury & Lake Properties
In any real estate market but especially one as difficult as this one, buyers and sellers everywhere seek out Realtors® —
As a consumer, you deserve no less from the professional who helps you buy and sell your home.
The Role of Today’s Realtor®
Real estate agents have, and always will, provide the indispensable service of connecting buyers with sellers.
When you hire us to represent your interests, you can be comforted by the fact that a licensed real estate agent in the state of Florida has met rigorous educational requirements and undergone a background check. This assures you of our qualifications to handle what is probably the biggest financial purchase you will ever make. However, obtaining a real estate license is only the first step of an ongoing and intensive education in our chosen profession.
Even so, since the skills and expertise of real estate agents are needed infrequently, we’re often thought of as interchangeable, as if one is just like another or as though each of us has identical resources and provide the same level of service.
This assumption wasn’t true before the Internet, when Realtors® were the main source for buying and selling real estate. And it isn’t any truer now, when technological advances have made ‘virtual house shopping’ amazingly convenient.
Because with all the new gadgets, fancy Web sites, and accessibility to instant information, buyers and sellers still need a competent and knowledgeable real estate sales associate to connect them with each other and to shepherd each home sale to its successful conclusion.
Choosing the Right Realtor® 
The task of choosing the right agent is as important, or possibly more important, than ever before.
Why?
The distinction between yesterday’s Realtor® and today’s Realtor® widens as words like ‘foreclosure’ and ‘short sale’ become commonplace, when the economic principles of supply-and-demand intrude on our everyday lives, as pricing structure and negotiations become increasingly complicated, and when contracts thicken in the number of forms, addendums, disclosures, and overall complexity.
As real estate agents, we must be everything to everybody: advisors, educators, consultants, market authorities, math whizzes, and Web marketing experts. Additionally, we must be available at the speed of an e-mail or cell phone call, all while possessing a workmanlike grasp of related issues like mortgage financing, closing costs and county taxes, deed and title transfers, construction, communities, home inspections, and market value.
Keeping It Simple
The most important quality a Realtor® can have is to be one person communicating with you . This means understanding your most pressing needs, addressing your financial and personal concerns, and listening, listening, listening.
So when you choose your next agent, choose with care and with the understanding that the relationship you form together must be one of mutual trust and respect.
Areas of Service
The Greater Orlando area, but most especially these communities —
Oviedo • Winter Springs
East Orlando • Winter Park
Expertise Provided Buyers & Sellers
Getting the Price Right - In this fast-moving market, buyers and sellers need an agent who keeps pace with current price trends to keep you up to date with the real estate marketplace .
For the homeowner, we position the price of your property in a way to bring the most buyers to your doorstep. For the homebuyer, we strategically target the most effective offer that will bring negotiations to a win-win outcome.
Foreclosure and Short Sales - If you’re a homeowner facing financial difficulties, you require a real estate agent who’s able to advise you on how to avoid the devastating consequences of foreclosure and can take you through the process step-by-step.
If you’re a buyer, and purchasing a Short Sale is your goal, you require someone who can guide you through the complicated and frustrating maze.
First-Time Buyers or Seasoned Homeowners - Whether you’re starting out, moving up, or downsizing, you need an agent who can help you assess how much house you can afford and how it will affect your financial position overall.
Relo and Vacation Home Buyers - Sometimes it seems as if everyone who lives in Florida comes from somewhere else. So whether you’re from another state, another country, or another continent, it’s nice to know that you can rely on an expert who can ease you into a new home and a new community.
Investors - Orlando is the hottest market in the country, and for good reason. Prices have come down to truly affordable levels and the Greater Orlando area remains a popular destination for people around the world. Better yet, with the availability of worldwide communications, buyers can purchase investment properties from ‘virtually’ anywhere through the use of e-mail, phone, and air express delivery.
Background 
Bachelor of Science Degree in Education from Northwestern University in Evanston, IL, with a Bachelor’s Degree in Education.
Over 20 years corporate experience in accounting/finance and advertising/marketing with Peat Marwick KPMG , Allstate Insurance Company, and Zenith Electronics Corporation .
Affiliations, Designations & Memberships
Outside Activities
Judy has always pursued creative outlets to get away from workaday pressures.
Her endeavors include fiction writing, including historical fiction and mysteries as well as mainstream novels.
She has also written several screenplays and received recognition from the Illinois/Chicago Screenwriting Competition, the Nicholl Fellowship in Screenwriting , and the Austin Film Festival Screenwriting Competition.
Judy also dabbles in art, which was her major in college. Among her favorite mediums are watercolor, silk-screen printing, and acrylic painting.
Finally, Judy plays classical piano and ranks Chopin, Beethoven, Scott Joplin, and Bach as her favorite composers.
Thanks Judy. Nice to see someone who follows up ! You are a gem in my book ! :o) rebecca
Thanks for all the info today. I appreciate your help so much! You were a blessing to me today. Trish
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