Heather the Realtor - Orlando Area's Top Real Estate News

Windermere Real Estate for Sale

What's going on in the Windermere Real Estate Market? Lets take a look at a snapshot of the sold market from January 2010.

Total Windermere Condos Sold: 2      Price Range: $104,000-$114,000

Windermere REO Condos Sold: 1

Windermere Short Sale Condos Sold: 1

No Resale Units sold

Total Windermere Town Homes Sold:6 Price Range:$98,100 - $195,090

Windermere REO Town Homes Sold: 1

Windermere Short Sale Condos Sold: 1

4 of the units sold were resale or new construction

Total Windermere Single Family Homes Sold: 21  Price Range: $130,000-$7,250,000

Windermere REO Single Family Homes Sold: 6

Windermere Short Sale Family Homes Sold: 7

 7 homes sold were resales

28% of sales in January were REO/ Bank Owned Properties

31% of sales in January were Short Sale Homes

41% of Homes for Sale in Windermere that sold were regular sales! Wow and who said you cant sell your Windermere Home in this market?

If you need help deciding if now is the time to sell your home or need help determining if you qualify for a short sale contact us today. We are certified distress property experts, CDPE and Certified Luxury Home Marketing Specialists.

Orlando Real Estate for Sale

What's going on in the Orlando Real Estate Market? Lets take a look at a snapshot of the sold market from January 2010.

Total Orlando Condos Sold: 308      Price Range: $8,100-$1,050,000

Orlando REO Condos Sold: 213

Orlando Short Sale Condos Sold: 75

20 Orlando condo were regular resale

Total Orlando Town Homes Sold:49 Price Range:$19,900-$300,000

Orlando REO Town Homes Sold: 28

Orlando Short Sale Condos Sold: 15

6 of the units sold were resale or new construction

Total Orlando Single Family Homes Sold: 554  Price Range: $16,250 -$1,840,000

Orlando REO Single Family Homes Sold: 280

Orlando Short Sale Family Homes Sold: 127

57% of sales in January were REO/ Bank Owned Properties

24% of sales in January were Short Sale Homes

With more then Half of all sales in Orlando being REO/Bank Owned Homes shouldnt you have a REO Agent on your side?

We are a proud member of NRBA (National Reo Brokers Association) Less then 1% of all REO agents belong to this honored group. Let our experience and connections with the bank work for you when purchasing your first home, move-up or investment property.

Lake Mary Real Estate for Sale

What's going on in the Lake Mary Real Estate Market? Lets take a look at a snapshot of the sold market from January 2010.

Total Lake Mary Condos Sold: 17      Price Range: $24,100-$118,000

Lake Mary REO Condos Sold: 10

Lake Mary Short Sale Condos Sold: 6

Only 1 condo was a regular

Total Lake Mary Town Homes Sold:10 Price Range:$109,000 - $308,500

Lake Mary REO Town Homes Sold: 0

Lake Mary Short Sale Condos Sold: 1

9 of the units sold were resale or new construction

Total Lake Mary Single Family Homes Sold: 16  Price Range: $119,000- $465,000

Lake Mary REO Single Family Homes Sold: 6

Lake Mary Short Sale Family Homes Sold: 3

37% of sales in January were REO/ Bank Owned Properties

23% of sales in January were Short Sale Homes

50% of Homes for Sale in Lake Mary that sold were regular sales! Wow and who said you cant sell your Lake Mary Home in this market?

If you need help deciding if now is the time to sell your home or need help determining if you qualify for a short sale contact us today. We are certified distress property experts, CDPE.

This blog is part of a monthly series about the foreclosure market in the Orlando area. My goal is to keep area home owners and buyers educated on how the REO market is recovering or if it is and what deals are out there for both First Time Home Buyers and Investors. Click the link to see Orlando's January Foreclosure Numbers.

Area Number of Homes

Florida 57,838 Bank Owned Homes in the State of Florida

Orange Co 5,205 Bank Owned Homes in Orange County

Seminole Co 927    Bank Owned Homes in Seminole County

These numbers are said to be accurate as of 2/7/10 9:01 pm

My predictions were right the foreclosure numbers are on the rise and up across the board from January. My prediction is the end of the 1st quarter going into the 2nd quarter numbers will be up over 50% from now.

Thinking about purchasing your first home in Orlando? Then read this First Time Home Buyer Guide to find out if you are ready to purchase your first house.

How do I know if I am ready to buy a home?

If you answer yes to all these questions then you maybe ready to purchase your first home.

• Do I have a steady source of income and is it reliable?
• Do I have a good standing record of paying my bills?
• Do I have established credit?
• Do I have the money saved for a down payment or qualify for down payment assistance?