Even in the midst of the summer slowdown, Orlando’s Real
Estate market is still boasting strong numbers.
Once again Orlando proves why it is one of America’s strongest Real
Estate markets.
For the month of August, a total of 1,310(+61) homes sold,
compared to July with 1,249. The most
active price range once again was the $200,000-249,900 range. For August, 250(+19) homes sold, while 231
sold for July. Second most active once
again was the $250,000-299,900 range, with 217(+1) compared to July with 216.
Sales of luxury homes over $1 million saw a slight increase,
with 29(+5) compared to 24 for July.
Sales of all luxury homes over $700,000 saw an increase of the same
number, with 71(+5) for August, versus 66 for July.
Hitting another strong note in the Orlando market, homes
sold within 30 days, already at a majority, saw an increase. 742, or 56.7%(+.9%) homes sold within 30
days, while 696, 55.8% sold within the same timeframe for July.
Homes purchased with cash saw an increase as well. For August, 316, 24.1%(+1.1%) of sales were
cash purchases, compared to 287, or 23% for July. August saw a slight decrease in sales
purchased with conventional financing, as 566, or 43.2% (-2.1%) of buyers used
conventional financing compared with July at 565, 45.3%. Homes with FHA financing saw an increase for
the month, as 268, or 20.4%(+2.1%) of homes purchased were financed with FHA,
while July saw 229, 18.3%. Homes
purchased with VA financing in August saw 59 homes, or 4.5%(-1%), compared to
July with 68, 5.5%.
Moral of the story…homes are now selling faster, for more
money, and nearly one in four homes purchased are being purchased cash. Central Florida’s Real Estate Market is
strong and very competitive.
Buyers, are you doing your best to make sure your offers are
as strong as they can possibly be? Is
your agent doing the best they can to make sure your offer is as appealing to
sellers?
Sellers…if your home is not selling…why? In such a strong, competitive market, what’s
happening? Is your agent being as
proactive as they can be in making sure they get as many buyers into your home?
Investors…what on Earth are you waiting for? With homes selling faster, for more money,
and more competition in the market, Orlando is ripe for investors looking to
add to their portfolio.
Call me at 407.517.8693, or email me at isellcflhomes@gmail.com, and let’s
discuss your Real Estate Goals!