Good news!  The recent results of a large-scale survey strongly indicates that consumer optimism and the desire to own real estate continue to rise.

Additionally, Fannie Mae’s National Housing Survey polls 1,001 Americans each month to assess their attitudes toward homeownership, renting, mortgage rates, foreclosures, the economy, household finances, and overall consumer confidence. The results of June’s survey show Americans are increasingly optimistic about the housing market despite concerns about the broader economy and their personal finances.

• According to the survey, Americans expect home prices to increase 2.0 percent over the next year.
• Among participants, 35 percent said prices would rise over the next 12 months, which is the largest percentage in the survey’s two-year history.
• Also, the number of respondents who said they would buy their next home if they were going to move rose 6.0 percent to 69 percent, which is the highest level ever recorded.
• The number of Americans who said it was a good time to buy a home increased to 73 percent.

Lets take a look at July sales figures in our local markets.

Orange County Real Estate Sales Statistics – July 2012  

Orange County saw 68 more homes sold in July 2012 than 2011, a 4 percent increase. The average sales price increased by 6 percent and the median sales price increased by 8% from July 2011.  Market times decreased by 19 days or 20 percent.  

 Osceola County Real Estate Sales Statistics – July 2012

Osceola County homes saw home sales decreased by 27 homes, a 5 percent decrease. Prices increased with the average sales price up 11 percent and the median price increased by 15 percent.  Market Times decreased by 31 days compared to July 2011.

 Seminole County Real Estate Sales Statistics – July 2012

Seminole County residential sales increased by 2 percent with 9 more homes sold in July 2012. The averages sales price increased by 4 percent, and the median sales price increased by 6 percent compared to July 2011 levels. Market times decreased by 27 days or 25 percent.

Lake County Real Estate Sales Statistics – July 2012  

Residential sales in Lake County increased with 48 more home sold a 12 percent increase. The average sales price decreased by 4 percent, while the median sales price increased by 1 percent during the same time period.  Market times increased by 29 days.

 Polk County Real Estate Sales Statistics – July 2012

Polk County saw 111 more home sold in July 2012 compared to 2011.  The average sales price increased by 9 percent,and the median sales price increased by 8 percent.  Market times decreased by 14 days the same as July 2011.

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.

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
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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

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Orlando FL Homes For Sale:

1324 Weston Woods Blvd, Orlando FL 32818

MLS# O4974081

Short Sale. Beautiful Dave Konkol custom built 4 bedroom, 2 bath home boasting almost 2,000 sq ft.   The moment you enter the front entrance you will be impressed with the airy and light-filled open floor plan, as well as the great room and impressive patio. The split bedroom plan offers the ultimate in privacy. Entertaining is a dream with banking doors opening up onto the patio.  The gorgeous patio area is truly a sanctuary in which to relax and get away from the stress of every day life. This home is a must see…you will definitely leave impressed. Set on a towering oak lined street and quiet cul-de-sac, there is also a low HOA fee of only $175 per year.  It is also close to shopping and major roads. The owners have taken exceptional care of the home and tastefully decorated each room.  It has an ideal layout for entertaining with style that meets your eyes every where you look, from tile and hardwood flooring, to tastefully painted rooms it is a true gem. Beauty, Warmth and Value don’t miss out!

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