Orlando real estate sales statistics for August show the number of homes sold increased 5.6% from August 2013 and 5.9% from August 2014 to 2015. The average selling price has also increased over the past 2 years with prices increasing 1.3% from August 2013 to August 2014 and another 10.3% to $208,247 in August 2015.
Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 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.
According to the latest Beracha, Hardin & Johnson Buy vs. Rent (BH&J) Index homeownership is a better way to produce greater wealth, on average, than renting. The BH&J Index is a quarterly report that attempts to answer the question:
Is it better to rent or buy a home in today’s housing market?
The index examines that entire US housing market and then isolates 23 major markets for comparison. The researchers at use a “’horse race’ comparison between an individual that is buying a home and an individual that rents a similar quality home and reinvests all monies otherwise invested in homeownership.” Ken Johnson, Real Estate Economist & Professor at Florida Atlantic University, and one of the index’s authors states: “The U.S. as a whole is still in clear buy territory. The cities of Cincinnati, Chicago, Cleveland, and New York City are deep into buy territory.” Miami and Portland had been inching closer toward renting being the better option but have “pulled back from the edge.” Johnson goes on to say, “that’s a good sign for home pricing as it suggests prices are going to level off in these metro areas.”
Bottom Line
Buying a home makes sense socially and financially. Rents are predicted to increase substantially in the next year, so lock in your housing cost with a mortgage payment now.
Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 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.
This Halloween event is built for kids! Brick or Treat returns on select dates this October with NEW nightly fireworks!
Ghouls, ghosts and goblins descend on Miniland USA transforming it into a haunted adventure with a scavenger hunt in search for these scary creatures that have invaded our famous cities. This spooky event takes place weekends in October, and features trick-or-treating along the brick or treat trail, super brick build activities, the largest LEGO Jack-O-Lantern in the world, Halloween entertainment and an all-kids costume contest with brick-tastic prizes!
WHEN: – WHERE: LEGOLAND® Florida Resort COST: Included in regular park admission
Information courtesy of Orlando Real Estate Expert Teri Isner and the Orlando Avenue Top Team.
Access Teri’s one-stop Orlando FL home search website. Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 years. Teri has distinguished herself as a leader in the Orlando FL real estatemarket. 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.
The Southern Women’s Show draws thousands of guests yearly, who enjoy shopping, prizes, celebrity guests and delicious cuisines.
In addition to the incredible commerce, guests can also enjoy runway fashion shows, cooking classes and informed speakers. From beauty to home décor, travel to fashion, the show is an all-inclusive, pampered experience you won’t want to miss!
Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 years. Teri has distinguished herself as a leader in the Orlando FL real estatemarket. 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.
Welcome to your up-to-the-minute Sept 2015 edition of Market Snapshot for Windermere, Florida compliments of Teri Isner. This report is personalized with charts including market activity for homes in the 34786 zip code.
Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 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.
Welcome to your up-to-the-minute Sept 2015 edition of Market Snapshot for Kissimmee, Florida compliments of Teri Isner. This report is personalized with charts including market activity for homes in the 34741 zip code.
Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 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.
Welcome to your up-to-the-minute Sept 2015 edition of market snapshot for Celebration, Florida compliments of Teri Isner. This report is personalized with charts including market activity for single family homes in the 34747 zip code.
Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 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 Sales Statistics for August 2015
Orange County Real Estate Sales Statistics – August 2015
Orange County saw 246 more homes sold in August 2015 than August 2014, a 14.77% increase. The average sales price increased by 9.21% and the median sales price increased by 11.43% from August 2014. Market times rose by 1 day.
Orange
County
Homes
Sold
Average
Sales Price
Median
Sales Price
Average
Market Times
August 2015
1979
$237,347
$195,000
61
August 2014
1665
$217,331
$175,000
60
Osceola County Real Estate Sales Statistics – August 2015
Osceola County home sales increased by 29.28%. Prices increased with the average sales price up 9.83% and the median price increased by 12.37%. Market times increased by 26 days compared to August 2014.
Osceola
County
Homes
Sold
Average
Sales Price
Median
Sales Price
Average
Market Times
August 2015
627
$190,055
$168,000
89
August 2014
485
$173,037
$149,500
63
Seminole County Real Estate Sales Statistics – August 2015
Seminole County residential sales increased 10.43% with 71 more homes sold in August 2015 compared to August 2014. The average sales price increased by 3.86% and the median price increased by 7.95%. Market times dropped by 5 days.
Seminole
County
Homes
Sold
Average
Sales Price
Median
Sales Price
Average
Market Time
August 2015
752
$218,692
$190,000
51
August 2014
681
$210,565
$176,000
56
Lake County Real Estate Sales Statistics – August 2015
Residential sales in Lake County increased in August 2015 with 19 more homes sold, a 3.55% difference. The average sales price increased by 5.24%, and the median sales price increased by 6.3% for the month compared to August 2014. Market times decreased by 9 days or 9.78%.
Lake
County
Homes
Sold
Average
Sales Price
Median
Sales Price
Average
Market Time
August 2015
554
$179,727
$167,950
83
August 2014
535
$170,785
$158,000
92
Polk County Real Estate Sales Statistics – August 2015
Polk County saw81 more homes sold in August 2015 compared to August 2014, a 18.4% increase. The average sales price increased 10.31%, and the median sales price increased by 5.65%. Market times dropped by 1 day.
Polk
County
Homes
Sold
Average
Sales Price
Median
Sales Price
Average
Market Time
August 2015
868
$147,119
$137,347
86
August 2014
787
$133,374
$130,000
85
Think you’re ready to buy?
Watch this short video to get advice on how to know when you’re ready to buy and find out what you need to get a competitively-priced loan.
Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 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.
The National Association of Realtors (NAR) recently released their July edition of the Housing Affordability Index. The index measures whether or not a typical family earns enough income to qualify for a mortgage loan on a typical home at the national level based on the most recent price and income data. NAR looks at the monthly mortgage payment (principal & interest) which is determined by the median sales price and mortgage interest rate at the time. With that information, NAR calculates the income necessary for a family to qualify for that mortgage amount (based on a 25% qualifying ratio for monthly housing expense to gross monthly income and a 20% down payment).
Here is a graph of the income needed to buy a median priced home in the country over the last several years:
And the income requirement has accelerated even more dramatically this year as prices have risen:
Bottom Line
Some buyers may be waiting to save up a larger down payment. Others may be waiting for a promotion and more money. Just realize that, while you are waiting, the requirements are also changing.
Interest rates remain extremely low making this a great time to think about refinancing you home. Here are a few tips for refinancing that will help you in making an informed decision.
If you have an FHA loan you need to get rid of the mortgage insurance as quickly as you possibly can. Mortgage insurance on FHA loans can add up over the years more than you realize. You will need to refinance your FHA loan into a different mortgage in order to get rid of the mortgage insurance if your loan is for 30 years and you put less than 10% down.
Be careful not to refinance too often just because interest rates have gotten lower. It is worth it to refinance for just half a percent these days but don’t keep going after lower and lower rates. It is best not to refinance more than two to three times during the life of your loan.
If you do decide to refinance your home loan, it is best to refinance for a shorter number of years. Refinancing a 30 year loan to another 30 year loan is essentially adding another 5 years to your payoff date. If you refinance try to refinance for 15 years if you can afford to do so.
If you are planning to sell your home anytime soon it is not a good idea to refinance because you are going to have to pay closing costs and therefore will be losing money in the long run. Be sure to take into consideration your long term goals when you consider refinancing.
Shop around for your new loan. Just because you have had a good rapport with your current mortgage company doesn’t mean you have to refinance with them. Do your part by shopping around for the best rate and take the one that saves you the most money.
Refinancing your home can be a great way to get ahead in life and to save some money along the way. If you want to refinance I would suggest that you get online to check out what rates are being offered these days and to get the ball rolling!
Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 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.
