November 2014 Market Report

The Orlando real estate market is definitely looking stronger this year during the holidays compared to last year. Looking at Nov 2014 compared to Nov 2013, the market is up 16.74% according to My Florida Regional MLS Stats. The average home shows and increase of 7% compared to this time last year. The average sold price is $217,584 compared to $203,347. The homes that are in the greatest desired category seemingly are single family 3 bedroom homes between $150,000 and $199,999.

In the Osceola real Estate market the sold dollar volume has increased 16.53% since last year same time according to the My Florida Regional MLS stats. The average sold price is up 6% from last year which means that the average sold price is not $186,372 compared to last year at $175,822. The homes that are more desired are single family 3 bedroom homes between $150,000 and $199,999 which is the same as homes in Orlando County.

The average days on market is between 31-60 days in both Osceola and Orange County. So if you are looking to list your home, now is a pretty good time... Buyers need the inventory and Sellers and ready to move on to their next chapter with probable profit.

Visit www.grimesfloridarealestate.com

How is the market?

I get asked this question a lot. Today I decided to just post how the market is doing because if you are thinking about buying or selling, I have some great information in this article. Being the straight shooter I am, beating around the bush is not my forte. I like giving facts and the truth about real estate. Being a realtor, I have the privilege of interpreting the market.

In mid November we saw an increase in single family home sales. The median price of single family homes increased 0.8% within the 2nd week of November compared to the 1st. The number of single family foreclosures did show a slight increase while the number of short sales decreased relatively little. The average days on market listings to closing has decreased to approximately 115 days in Lake , Orange, Osceola and Seminole counties from the high of 130 days in October and July of 2014. Let's note that  in this current market, bank owned properties take make up 21.89%, Short Sales make u about 5.72% and other sales make up 72.39% according to the Orlando Regional Association from 11/16/2014- 11/22/2014.

With all that being said, are you curious about keeping track of your home value? Be ahead of the game with facts about the market.

This is an ever changing market and now is the time to have a knowledgeable professional to make your property stand out above the rest. Looking for a great experience when making one of the biggest life changes? Please call me at 646-732-2730. We can determine whether selling your house is the right decision for you.