Orlando, FL Area Housing Market Recap for June 2008
Here are the latest top-level summary of market conditions for Single Family Residences (SFR) and Condo sales only in these areas within the greater Orlando, FL area served by ZipRealty:
| Average Sales Price | May-08 | Jun-08 | Change ⇑ or ⇓ |
|---|---|---|---|
| Orlando | $244,592 | $261,280 | ⇑ |
| Davenport | $218,466 | $219,844 | ⇑ |
| Kissimmee | $188,183 | $202,675 | ⇑ |
| Lakeland | $174,801 | $189,924 | ⇑ |
| Winterhaven | $179,326 | $187,471 | ⇑ |
| Saint Cloud | $195,603 | $183,971 | ⇓ |
| Apopka | $228,061 | $217,756 | ⇓ |
| Winter Park | $538,358 | $578,541 | ⇑ |
| Clermont | $227,807 | $236,679 | ⇑ |
| Eustis | $193,601 | $188,912 | ⇓ |
| Mount Dora | $220,053 | $246,822 | ⇑ |
| # Transactions | May-08 | Jun-08 | # Change |
|---|---|---|---|
| Orlando | 529 | 598 | ⇑ |
| Davenport | 93 | 113 | ⇑ |
| Kissimmee | 159 | 152 | ⇓ |
| Lakeland | 112 | 127 | ⇑ |
| Winterhaven | 67 | 51 | ⇓ |
| Saint Cloud | 37 | 46 | ⇑ |
| Apopka | 50 | 42 | ⇓ |
| Winter Park | 41 | 41 | - |
| Clermont | 97 | 78 | ⇓ |
| Eustis | 13 | 24 | ⇑ |
| Mount Dora | 21 | 18 | ⇓ |
Talk with a local Orlando Real Estate Agent. Search for featured homes and condos in Orlando. Read a detailed community overview covering the Orlando, FL area. All numbers are from the MLS and are deemed reliable but not guaranteed as of 7/25/2008.
How much is your home worth? Well, it all depends where you live.
The real estate market is still shaking. New data suggests that home prices have hit a new record low. In every new study that comes out, homeowners from Miami, to Las Vegas, Phoenix and Los Angeles, have seen their home value go lower every time.
Is that disappointing? Of course it is. Should we sell? Is not a good time. Should we stick to it? Yes, if you can.
Have we hit bottom? Nobody knows.
Banks are facing their worst foreclosure crisis.
Don’t take me wrong, it’s good if you are in the market to buy a home for yourself or if you are an investor, but if you are not, and you own a home, most likely the value of your property is down at least 15 %.
Why do banks care if you are loosing your home? By having to sell repossessed homes, banks have to literally slash their prices down. It gets very costly for them, after all, they have to pay property taxes, maintenance costs, and whatever utilities that need to be paid, all of this expenses for a house that it’s just sitting there, vacant, and the bank is getting nothing in return.
The latest study by the S&P/Case-Shiller Home Price Index of 20 cities, revealed the news that for 22 consecutive months home prices dropped. Only from April to May, 2009 the decline was of 0.9 %
Posted by: yanni raz | July 30, 2008 at 09:11 AM
How much is your home worth? Well, it all depends where you live.
The real estate market is still shaking. New data suggests that home prices have hit a new record low. In every new study that comes out, homeowners from Miami, to Las Vegas, Phoenix and Los Angeles, have seen their home value go lower every time.
Is that disappointing? Of course it is.
Should we sell? Is not a good time.
Should we stick to it? Yes, if you can.
Have we hit bottom? Nobody knows.
Banks are facing their worst foreclosure crisis.
Don’t take me wrong, it’s good if you are in the market to buy a home for yourself or if you are an investor, but if you are not, and you own a home, most likely the value of your property is down at least 15 %.
Why do banks care if you are loosing your home? By having to sell repossessed homes, banks have to literally slash their prices down. It gets very costly for them, after all, they have to pay property taxes, maintenance costs, and whatever utilities that need to be paid, all of this expenses for a house that it’s just sitting there, vacant, and the bank is getting nothing in return.
The latest study by the S&P/Case-Shiller Home Price Index of 20 cities, revealed the news that for 22 consecutive months home prices dropped. Only from April to May, 2009 the decline was of 0.9 %
Posted by: yanni raz | July 30, 2008 at 09:09 AM