The Real Estate market here in Central Florida continues its stable rise. February saw a rise in single family homes sold in Orange County, as 890(+75) homes sold, compared to January’s 815. Once again, the most active category of homes sold were in the $200,000-249,000 price range, and, again, February’s 148(+22) outpaced January with 126. Homes from 250,000-299,000 were just as active, as February saw 138(+5) over January, with 133.
Luxury homes over 1 million stayed the same, with 17 sales each month, while luxury homes over $700,000 just slightly increased, 36(+1) for February, compared to 35 for January.
Interestingly enough, January saw a higher percentage of homes sold within 30 days, with 373, or 45.8%, compared to February with 376, or 42.2(-3.6%). Cash purchases went up, with 254, or 28.5%(+0.9%) compared to 225, 27.6% for January. February had a slight dip in percentage for homes purchased with conventional financing, 383, 43%(-1%) to 360, 44% for January. Homes purchased with FHA Financing saw only a slight dip, with 160, or 18% (-0.2%) for February, compared to 148, 18.2% for January. Homes purchased with VA financing saw a slight increase, as February saw 44, or 4.9%(+0.5%) compared to January’s 37, 4.5%.
As the Market heats up, it will be more important than ever for sellers to make sure they showcase their homes in the best light. Using a Real Estate agent who is well versed in not only Real Estate, but also Marketing and social media, will be more important than ever.
Buyers need to make sure they are putting their best foot forward, the first time. Low-ball offers will do you no good, and in fact, might increase the chances of insulting sellers, making them less likely to want to work with the low-ball buyers.
Are you ready to list your home? Call me!
Are you ready to buy? Email me! Let’s chat!
407.517.8693, or isellcflhomes@gmail.com