For RTS Orlando Faculty and Students
An Online Real Estate and Housing Resource for the Reformed Theological Seminary Community in Orlando.
Brought to you by David Gallup
An Online Real Estate and Housing Resource for the Reformed Theological Seminary Community in Orlando.
Brought to you by David Gallup
We continue to see good news as we dig our way out of the aftermath of the tsunami that hit us over three years ago.
Below are some key statistics about the Orlando area market that should provide you some context if you’re deciding to buy, sell, or refinance your home.
Sales Volume Increases
In December, Orlando area Realtors sold 2,368 homes which helped us finish the year with homes sold 19% above 2009!
The year long increase was due to several factors:
• Federal tax credits for Buyers in the first six months of the year
• Historic affordability levels
• Record low mortgage rates
• An inventory loaded with moderately priced homes.
Current Median Sales Price Rises Slightly
The median sales price was $106,000 in December which was up from the previous three months’ median of $105,000.
Opportunities Abound
The market continues to be very opportunistic and is creating a tremendous opportunity to be a Buyer or to refinance an existing home loan. With our average sale price significantly below both the state and national averages, home prices in the Orlando area are a real bargain and, in the opinion of some, artificially low! While we don’t expect a dramatic rise in prices any time soon, the same cannot be said with any certainty for interest rates.
What About Selling?
With interest rates low, prices near the bottom and little appreciation forecast, this may be your best opportunity to sell your property for the next several years. Prices may stay the same or drop some more, but the odds are excellent that interest rates will rise from their current historic lows.
More Details Coming Soon
Over the next few days we’ll post more detailed information, so keep checking back. If you’d like to receive these posts as an email, please signup for our email newsletter.
The Hardworking Nice Guy's Team is Here for You!
I'm David Gallup, your friend in the real estate business - a very resourceful and reliable real estate consultant with RE/MAX 200 Realty. Over the past 27 remarkable years, I've confidently motivated and guided 994 clients in creating financial security for their families by successfully investing in residential property. I lead a fun loving and well trained team of very dedicated and extremely conscientious people who show up each day to serve you at our state-of-the-art facility centrally located in beautiful Winter Park, Florida.
As a result of treating our clients with extraordinary care, over 85 percent of our business comes from those who are working with us on a repeat basis or have been introduced to us by their family and friends. We greatly appreciate the opportunity to serve you.
RE/MAX 200 Realty
Each Office Independently Owned and Operated
954 S. Orlando Ave., Winter Park, FL 32789
(407) 629-6330 x215 or (800) 458-6863 x215
