How Orlando’s Real Estate Market Has improved. In Feb 2010

Orlando’s  real estate market has really improved over the past 6 months.  Sales increased  but  it’s still hard to see the positive for the  excess inventory.  The numbers  are really eye opening when you compare  inventory from the five metro counties that make up Orlando. from 2009 to 2010. Last year’s  glut of  inventory  has been significantly reduced by  increased short sales and bank foreclosures  bought  by investors and first time home buyers. The silver lining in the Orlando real estate market continues to improve. Unsold  Orlando real estate is made up of single family homes, town homes, condos and multi family homes in the 5 county area.  Inventory for the past two years is as  follows:

Unsold hosing inventory as of the end of June 2009
Orange County 18 months
Seminole County 19 months
Volusia County 22 months
Osceola County 18 months
Lake County 22 months

Unsold real estate inventory levels at the end of January 2010, represented in months.

Orange County 10.8 months
Seminole County 11.3 months
Volusia County 13.8 months
Osceola County 11.8 months
Lake County 14.4 months

Increased  sales of Orlando properties speak for themselves.  We’ve‘seen some amazing reductions for Orlando homes, town homes, and condos  for sale in  metro Orlando . The numbers represent averages and my not necessarily apply to upscale homes in the $500,000 and more range where  unsold inventory of luxury homes is much larger.   In Orange county a 40% improvement, in Seminole County a 42%,, Volusia County  37% , Lake County, 35% and in Osceola county 37% . Without any questions this did not come without a strong reduction of the average cost of a home, but as the supply of available homes becomes less the prices will stabilize as we have seen in some subdivisions or condo complexes.  It is a good time to buy because the prices are at an all time low.

Orlando real estate, current updates as it is happening, sold properties, bank owned, short sales, new homes, town homes, condos and villas at great prices in Orange, Seminole, Volusia, Osceola and Lake County. Updated Thursday November 12th 2009.

Greater Orlando real estate has 35550 properties for sale, single family homes, town homes, condos and villas and manufactured homes. This is an increase of about 41 properties since November 8th. 4400 are bank owned properties and 14905 are short sales, so 54 % of the inventory is in some kind of financial distress, and this number is holding steady over the past few weeks. This is a huge amount of distressed inventory and a great opportunity for real estate investors. The real estate in Orlando is going to be a huge opportunity for buyers of all kinds and we have reached the right rental ratio for buyer to buy and invest into rental properties and cash flow…

The Orlando real estate market is brimming with quality real estate and investment opportunities for both buyers and sellers alike. For sellers facing difficult choices in the current economic climate, Gitta's Orlando real estate team can assist you. Gitta Urbainczyk is a leading expert on short sale and foreclosure solutions. Gitta can help you avoid foreclosure.

With quality construction, innovation, and style, there are plenty of homes ready to satisfy the discerning buyer. In addition, Orlando is complemented by the advantages of a growing business and residential environment. Orlando is thriving based on current and future investments and expansion. New additions, such as the Burnham Institute of Medical Research, will bring new facilities, jobs, housing areas and ultimately, more people to Orlando.

Orlando is set to become the new business center and leader in Florida.

When you buy a home, your neighborhood is what matters. It is important to have a real estate agent who understands the towns, communities, and neighborhoods that compose the Orlando real estate market.   We can povide you a detailed layout of the area you are looking to buy ahome in.  You’ll learn about neighborhood traffic conditions, commute distances, nearby schools, general community info, and much more. You can check for homes that are for sale on oo  Orlando MLS search area.

Sit back, relax and browse through the detailed information that we provide on all major parts of the Greater Orlando area, including vast listings for Orlando real estate and Orlando homes for sale. Find the right property for your needs or dreams by searching our Orlando MLS listings. These are available for a variety of towns and neighborhoods, including Lake Mary, Maitland, Altamonte Springs, Longwood, Kissimmee, Apopka, Winter Park, Winter Springs, Oviedo, downtown Orlando and more! Plus, whether you are a buyer or a seller, youll find valuable tools and resources available on the site to make informed decisions about your Orlando real estate investment. Orlando real estate is a worthy investment for a variety of reasons. Orlando area schools rank consistently as the best in Florida and in the top 100 in the nation. Median incomes are better by national comparison. Most recently, a CNN Money report named Lake Mary as #4 in the nation for best places to live! In sum, the quality of life in the Orlando area is highly attractive.