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Orlando FL Real Estate To Lead 2012 Recovery

January 16th, 2012 by tisner

The California real estate research firm, Clear Capital, issued a report predicting that Orlando FL real estate will have the largest increase in prices for 2012 with an 11.7% gain in values. According to the report, 2012 is expected to play out much like the last half of 2011, with a very subtle price change. A minimal decline in the beginning of the year is expected to turn into a gain by year’s end.

If you are thinking of buying Orlando FL real estate, NOW is the time to buy while prices are still low. Although the
increase is only projected to be at 11.7% that is still $11,700 on a $100,000 home. Who wouldn’t want to save $11,700?

Contact me today to save $11,700! 

50 Major U.S. Metro Markets Price Change (2012 Forecast)

Qtr/Qtr
Rank

  Metropolitan Statistical Area  

2012 Forecast Yr/Yr

 

2011 Observed Yr/Yr

 

2011 Observed Rank

1

  Orlando, FL  

11.7%

 

6.7%

 

2

2

  Bakersfield, CA  

11.1%

 

-2.6%

 

22

3

  Washington, DC – Arlington, VA – Alexandria, VA  

9.3%

 

3.5%

 

6

4

  Phoenix, AZ – Mesa, AZ – Scottsdale, AZ  

8.9%

 

1.5%

 

12

5

  Miami, FL – Ft. Lauderdale, FL – Miami Beach, FL  

8.8%

 

5.6%

 

3

6

  Tampa, FL – St. Petersburg, FL – Clearwater, FL  

7.4%

 

-0.6%

 

15

7

  Dallas, TX – Fort Worth, TX – Arlington, TX  

5.8%

 

2.7%

 

8

8

  Jacksonville, FL  

4.3%

 

1.7%

 

11

9

  Cleveland, OH – Elyria, OH – Mentor, OH  

4.2%

 

-1.1%

 

18

10

  Honolulu, HI  

3.2%

 

-0.8%

 

17

11

  Houston, TX – Baytown, TX – Sugar Land, TX  

3.0%

 

-0.8%

 

16

12

  New York, NY – No. New Jersey, NJ – Long Island, NY  

3.0%

 

1.2%

 

13

13

  Memphis, TN  

2.5%

 

-4.7%

 

33

14

  Portland, OR – Vancouver, OR – Beaverton, OR  

1.9%

 

-3.5%

 

27

15

  Denver, CO – Aurora, CO  

1.8%

 

3.3%

 

7

16

  San Jose, CA – Sunnyvale, CA – Santa Clara, CA  

1.6%

 

-2.5%

 

21

17

  New Orleans, LA – Metairie, LA – Kenner, LA  

1.6%

 

-2.9%

 

24

18

  Fresno, CA  

1.5%

 

-7.3%

 

41

19

  Boston, MA – Cambridge, MA – Quincy, MA  

1.4%

 

0.1%

 

14

20

  Dayton, OH  

1.4%

 

11.5%

 

1

21

  Oklahoma City, OK  

1.1%

 

-1.2%

 

19

22

  Providence, RI – NewBedford, MA – Fall River, MA  

1.0%

 

2.6%

 

9

23

  Pittsburgh, PA  

0.4%

 

2.5%

 

10

24

  San Francisco, CA – Oakland, CA – Fremont, CA  

0.1%

 

-4.7%

 

35

25

  Milwaukee, WI – Waukesha, WI – West Allis, WI  

0.1%

 

4.5%

 

5

26

  Rochester, NY  

-0.2%

 

4.7%

 

4

27

  Charlotte, NC – Gastonia,NC – Concord, NC  

-1.5%

 

-2.2%

 

20

28

  Columbus, OH  

-2.0%

 

-3.5%

 

26

29

  Cincinnati, OH – Middletown, OH  

-2.2%

 

-4.1%

 

31

30

  Virginia Beach, VA – Norfolk, VA – Newport News, VA  

-2.3%

 

-4.4%

 

32

31

  Minneapolis, MN – St.Paul, MN – Bloomington, WI  

-2.4%

 

-8.7%

 

44

32

  Hartford, CT – West Hartford, CT – East Hartford, CT  

-2.4%

 

-3.6%

 

28

33

  Raleigh, NC – Cary, NC  

-3.0%

 

-3.7%

 

29

34

  Sacramento, CA – Arden, CA – Roseville, CA  

-3.3%

 

-6.9%

 

40

35

  Tucson, AZ  

-3.6%

 

-9.4%

 

46

36

  Birmingham, AL – Hoover, AL  

-3.8%

 

-11.1%

 

48

37

  Nashville, TN – Davidson, TN – Murfreesboro, TN  

-3.8%

 

-4.8%

 

36

38

  Richmond, VA  

-3.8%

 

-5.9%

 

38

39

  San Diego, CA – Carlsbad, CA – San Marcos, CA  

-3.8%

 

-4.7%

 

34

40

  St. Louis, MO  

-3.9%

 

-7.7%

 

42

41

  Philadelphia, PA – Camden, NJ – Wilmington, DE  

-4.1%

 

-5.0%

 

37

42

  Riverside, CA – San Bernardino, CA – Ontario, CA  

-4.2%

 

-3.4%

 

25

43

  Baltimore, MD – Towson, MD  

-4.9%

 

-6.2%

 

39

44

  Chicago, IL – Naperville, IL – Joliet, IL  

-5.2%

 

-2.6%

 

23

45

  Detroit, MI – Warren, MI – Livonia, MI  

-5.6%

 

-10.8%

 

47

46

  Las Vegas, NV – Paradise, NV  

-6.4%

 

-9.2%

 

45

47

  Oxnard, CA – Thousand Oaks, CA – Ventura, CA  

-6.7%

 

-7.8%

 

43

48

  Seattle, WA – Tacoma, WA – Bellevue, WA  

-7.5%

 

-15.1%

 

49

49

  Los Angeles, CA – Long Beach, CA – Santa Ana, CA  

-10.3%

 

-3.7%

 

30

50

  Atlanta, GA – Sandy Springs, GA – Marietta, GA  

-14.4%

 

-18.3%

 

50

Access Teri’s one-stop Orlando FL home shopping website.

Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 17 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.

You deserve professional real estate service! You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently.  You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.

Monday Morning Quarterback: Orlando FL Real Estate Report – Dec 5

December 8th, 2011 by tisner

Monday Morning Quarterback Report gives you a snapshot of the previous week’s Orlando FL real estate market activity, including sales, prices, days on market, and much, much more.

Week of December 5, 2011

Single-family existing homes

  • Sales of single-family homes increased to 404 during the week of Nov 27, from 168 the week prior
  • The median price of single family homes increased to $138,000, a change of 4.0%
  • The number of single-family home foreclosure transactions increased to 74 last week, from 24 the week of Nov 20
  • The number of single-family home short-sale transactions increased to 141 from 67 the week prior
  • Single-family inventory decreased by 59, and now sits at 10,618

Condos, townhomes, and villas
Read the rest of this entry »

Orlando FL Foreclosure Trends – October 2011

December 6th, 2011 by tisner

There were 10,317 Orlando FL foreclosure homes in October, 2011, according to RealtyTrac.com. 1 in every 1,961 housing units received a foreclosure filing. The average sales price of an Orlando home was $121,127 and the average sales price of a foreclosure home was $102,742, a $96,284 savings.

Orlando FL Foreclosure Activity and 30 Year Interest Rate

The interest rate on a 30 year mortgage was 4.07% in October and there were 1,961 new foreclosures.

Foreclosure activity is based on the total number of properties that receive foreclosure filings – default notice, foreclosure auction notice or bank repossession – each month. Interest rate is based on the average 30-year fixed rate from Freddie Mac Primary Mortgage Market Survey.

Orlando FL Foreclosure Geographical Comparison

Orlando FL foreclosures were 0.37% above national statistics, 0.18% above Florida figures and 0.03% above Orange County numbers in October.

Orlando FL Foreclosure Activity by Month

Read the rest of this entry »

Emergency Alert System Test – November 9 at 2pm EST

November 3rd, 2011 by tisner

FEMA wants everyone to know about the upcoming Emergency Alert System (EAS) test and how it may impact them.

The first nationwide test of the Emergency Alert System (EAS) will take place at 2:00 PM (Eastern Standard Time) on November 9, 2011. The purpose of the test is to assess the reliability and effectiveness of the EAS as a public alert mechanism. EAS Participants currently participate in state-level monthly tests and local-level weekly tests, but no top-down review of the entire system has ever been undertaken. The Commission, along with the Federal Emergency Management Agency, will use the results of this nationwide test to assess the reliability and effectiveness of the EAS as a public alert mechanism, and will work together with EAS stakeholders to make improvements to the system as appropriate.   

Access Teri’s one-stop Orlando FL home shopping website.

Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 17 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.

You deserve professional real estate service! You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently.  You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.

Watch Out: Dangerous Things Orlando FL Home Owners Should Beware Of

September 28th, 2011 by tisner

Aside from fires, gas leaks, and spills, a lot of us are unaware of the other potential dangers in our homes. Either that or we have forgotten about the other possibilities because they tend to be rather small. And by small, it does not mean that the consequences can’t be detrimental, it means that the incident just may not be as obvious or immediate as a fire or spill. It is true that virtually everything in a home can be seen as dangerous in one way or another, but there are definitely certain things that you should be careful of. To do so does not involve much effort, simply just some awareness and memory. So to jog your memory, here are some common potentially dangerous things to beware of in your Orlando FL home. This information can be especially useful if children are running around the abode.

  • TALL & HEAVY FURNITURE. This is mainly for children, but for adults too – dressers, bookshelves and the like are privy to crushing people when being climbed on or knocked over. A quick fix would be to attach furniture to the wall.
  • CORDS. Not only are cords dangerous due to their electrical components, but if placed inappropriately can act as an object to trip over. Make sure your cords are organized and out of the way.
  • BATHTUBS. Like cords, bathtubs are dangerous in more than one way. People are very prone to slipping in tubs, so be sure to place a good mat in your tub. Secondly, if you have young children, watch them at all times while bathing to avoid drowning. This also goes for when preparing a bath for yourself – don’t leave a full bathtub unattended.
  • MEDICINES & CLEANING PRODUCTS. The same rule is applied to both medicines and cleaning products – do not leave them in reach of children and pets. They can be very toxic, harmful and even deadly. It is likely we have all been taught this rule, but it can be easy to forget when rushing around the house.
  • EXERCISE EQUIPMENT. Similar to the last tip, make sure exercise equipment is out of children’s reach. Heavy, mobile objects like weights can be tripped over or can be dangerous if a child decides to make them their new play toy. Also remember to clean your equipment after use because they can harbor sickness-inducing germs.
  • PESTICIDES & MOTHBALLS. While both can be very useful in removing unwanted pests, the chemicals in each can be very harmful in the long run. You may choose to limit use to when very necessary, find a safe alternate solution, or opt for not using them at all. It may be a small sacrifice to make in order to ensure good health.

Access Teri’s one-stop Orlando FL home shopping website.

Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 17 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.

You deserve professional real estate service! You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently.  You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue top Team handles the details and follow-up that are important to the success of your transaction.

Orlando Real Estate Market Trends – August 2011

September 26th, 2011 by tisner

A number of research studies have shown that home ownership provides social and societal benefits. Not only is home ownership one of the best ways to build long-term wealth, providing resources for a more comfortable retirement, but it also fosters an immeasurable sense of community and stability vital to growing families. NAR’s “Social Benefits of Homeownership and Stable Housing” report reveals that home owners are happier and healthier. They tend to vote more, volunteer more and contribute more to their neighborhoods. Home owners do not move as frequently as renters, which encourages more neighborhood stability, and children of home owners are more likely to participate in organized activities and spend less time in front of the television.

Now take a look at how the Orlando market performed in August.  

Orange County Real Estate Sales Statistics – August 2011  

Orange County saw 173 fewer homes sold in August 2011 than August 2010. A 10 percent decrease. The average sales price increased by 9 percent and the median sales price increased by 19% from August 2010.  Market times increased by 20 days or 20 percent.  

Orange County Homes Sold Average Sales Price Median Sales Price Average Market Times
Aug 2011  1,531  $154,748  $118,000  100
Aug 2010  1,704  $141,426  $95,000  80

 

Osceola County Real Estate Sales Statistics – August 2011

Osceola County homes saw home sales decrease by 173 homes, a 27 percent drop. Prices decreased with the average sales price down 12 percent. The median price decreased 2 percent.  Market Times increased by 24 days or 24 percent. 

Osceola County Homes Sold Average Sales Price Median Sales Price Average Market Times
Aug 2011  461  $113,627  $90,000  99
Aug 2010  634  $128,434  $91,500  75

Seminole County Real Estate Sales Statistics – August 2011

Seminole County residential sales increased by 7 percent with 39 more homes sold in August 2011. The averages sales increased 11 percent and the median sales price increased by 18 percent from August 2010 levels. Market times increased by 16 days or 16 percent. 

Seminole County Homes Sold Average Sales Price Median Sales Price Average Market Times
Aug 2011  565  $165,743  $130,000  101
Aug 2010  526  $147,083  $106,050  85

Lake County Real Estate Sales Statistics – August 2011  

Residential sales in Lake County increased with 67 additional homes sold for a 17 percent increase. The average sales price increased by 20 percent, and the median sales price decreased by 14 percent during the same time period.  Market times increased by 20 days or 14 percent.  

Lake County Homes Sold Average Sales Price Median Sales Price Average Market Times
Aug 2011  399  $118,642  $105,500  139
Aug 2010  332  $148,473  $122,000  119

Polk County Real Estate Sales Statistics – August 2011  

Polk County saw 22 fewer homes sold, a 3 percent decrease.  The average sales price increased by 1 percent, while the median sales price decreased by 7 percent. Market times increased by 25 days or 21 percent. 

Orange County Homes Sold Average Sales Price Median Sales Price Average Market Times
Aug 2011  626  $103,946  $82,070  120
Aug 2010  648  $102,869  $88,250  95

Now is the time to get your best price on an Orlando home, before the prices move upward.  

Access Teri’s one-stop Orlando FL home shopping website.

Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 17 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.

You deserve professional real estate service! You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently.  You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue top Team handles the details and follow-up that are important to the success of your transaction.

Top Reasons To Buy Orlando Real Estate

July 14th, 2011 by tisner

It doesn’t matter if you are considering a permanent move to Orlando or if you wish to become a snow bird, there are many reason to buy Orlando real estate in today’s market.

Top Reasons to Buy Orlando Real Estate

1. Weather
As you know, our weather can’t be beat! Young and old alike relish in our warm weather year round. What is not to like? No more heavy coats, hats and mittens.

2. Competitive Prices
Florida has been among those states hit hardest buy the foreclosure crisis and prices are the most competitive they have been in years. Experienced investors will tell you to ‘ buy low and sell high’, making this a great time to jump into Orlando real estate. Orlando ranks among the 10 Best Performing Major Housing Markets.

3. Prices below replacement cost
Many homes are selling below replacement costs. For example, a home with a replacement value of $150,000 may sell for only $60,000.

4. Healthy job market
Orlando’s city government is working hard to bring additional companies and jobs to the area.

5. Recreation
The top amusement parks in the world, Disney World, Epcot, Sea World and Universal, are all located in Orlando, making this a great place to live and vacation. Other outdoor activities abound…fishing, boating, horseback riding, golf, hot air ballooning, and water sports galore, making Orlando the perfect location for rental property. Seasonal rentals are in demand either on a weekly or monthly basis. Orlando is among the 10 Best Cities To Buy Rental Property.

After you decide to buy Orlando real estate, you will need a top-notch Realtor! The Orlando Avenue Top Team can’t be beat!

Teri Isner is the team leader and has been a Realtor for 20 years. Teri has co-written 2 books How To Make Your Realtor Get You The Best Deal and Sellers Get the Best Deal.  Teri believes in owning investment property herself and has been actively buying and selling for over 20 years both here and abroad!

You can expect professionalism with Teri. She is a member of the Graduate Realtor Institute, a Certified Residential Council Specialist, one of only a few hundred Certified International Property Specialist in the country, a member of the elite Cyber Professionals Group, holds the e-pro designation, is Internet Certified, a member of the Real Estate Cyberspace Society and an Allen Hainge Cyberstar.

Your objectives are Teri’s #1 priority. You benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently.

You deserve professional real estate service! You will obtain the best results with Teri. You can relax as important decisions are made easily with the timely and accurate information she provides.  Teri and the Orlando Avenue Top Team will handle the details and follow-up that are important to the success of your transaction.

Contact Teri today! You’ll be glad you did.
You can reach Teri at…
1-877-962-4242

Orlando Real Estate Sales Statistics – April 2011

June 20th, 2011 by tisner

Homebuyers have been gradually chipping away at Orlandoreal estate’s once-towering inventory and have reduced it down to 11,480 homes available for purchase, reports the Orlando Regional REALTOR® Association. That’s an inventory level not seen since the end of the red-hot housing market in 2005.

Orlando real estate sales in April of 2011 are down by 9.68 percent compared to April of 2010, with 2,388 homes changing hands last month. To date, sales in 2011 are 1.82 percent above sales in 2010.

Orlando’s median price experienced its third month-over-month gain, with area homes selling for a median of $105,000. That median price is 8.70 percent lower than April 2010’s median price of $115,000.

The lower median price of foreclosures and short sales — which at 65.49 percent of all sales in April actually represents a 5 percent drop from last month — continues to drag down the overall median price.The median price for bank-owned sales in April is $80,000 and the median price for short sales is $91,000. The median price for “normal” existing homes sold in April is $160,000.

Teri Isner has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.

You deserve professional real estate service! You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently.  You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue top Team handles the details and follow-up that are important to the success of your transaction.

Access Teri’s one-stop Orlando FL home shopping website.

Teri Isner, CIPS, CRS, GRI
Keller Williams At-The-Lakes
700 Celebration Blvd
Suite 300
Celebration, Fl 34747

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