TOPIC OF INTEREST

March 13, 2025

Do you want to plunge into the buying pool not knowing about the different existing favorable alternatives? Just the decision to buy in these days of hazy economic conditions seems challenging and because of still rather high home prices and interest rates it is convenient to know the existing financing alternatives to search for: 1. Buydown of the interest rate that can be negotiated with either seller or lender. 2. Adjustable-rate mortgages that begin with a lower rate and can be negotiated years after. There is a cost involved in the refinancing that can be offset by the hopefully lower new rate. 3. Assumable mortgages that need acceptance by the lender and subject to the buyer’s qualification. In addition, home prices are negotiable, especially these days when it is taking longer to sell. Let me know in what respect I can assist you. Read this interesting article on the subject, courtesy of Keep Current Matters. Click here and then click on The previous page is sending you to.I appreciate your comments. Here is an opportunity to browse over properties of all kinds currently offered in the following localities. Reach out to me for more details. Once you click on any of the following, click on The previous page is sending you to and you will see the homes that are being offered. Lake Nona Area Winter Park Homes Maitland Altamonte Springs Area Longwood Lake Mary Area Metrowest Condos Windermere Winter Garden Homes Downtown Orlando Condos Deltona Area New Construction Greater Orlando Kissimmee To do your own search click here.

MARKT UPDATE TO DEC 29 2024

 STATISTICS AS REPORTED BY STELLAR MLS TO DEC 29 2024

Currently, there are no houses available for sale. However, there is only one in the status Pending, that is, expecting to close by January 10, 2025 at a price of $420,000, price per square foot of $230.52, with 85 days in the market at time of contract acceptance. Final price will be known after closing.

From December 30, 2023 to December 29, 2024, 7 houses were sold at an average price of $448,714, average price per square foot of $238.33. Prices ranged from $380,000 to $535,000 and an average number of days in the market was 6.

From December 30, 2022 to December 29, 2023, 5 houses were sold at an average price of $ 408,000, an average price per square foot of $ 216.55. Prices ranged from $370,000 to $445,000. Average number of days in the market was 95.

Year-over-year average price increased 10%. 

Four houses were sold in the last 6 months out of the seven sold in the 12 months period. Average price for the houses sold in the last 6 months was $474,000, average days in the market 5, average price per square foot $235.60. This average price of $474,00 over the average price of the year 2022-2023 of $408,000 represents an increase of 16.17%%. 

This 6-month price average increase over the previous year shows the effect of scarcity of inventory and few buyers coming into the market, pushing prices up, panorama that will not last for too long. It is time to put your house in the market.

This is a sought after community offering many advantages such as location, proximity to supermarkets and shopping centers and to major roads and to the state college, and rapidly access to downtown Orlando, plus an ingrained sense of ownership identification with the community. These factors play in favor of property appreciation  and make buyers be more willing to pay for the homes offered for sale.

For any questions, please call me at 407 421 9091 or email me at urrug4@aol.com . I also do rentals in Winfield and nearby locations. If you are planning to sell your house I can provide you with a free estimate. If you are a buyer, I can show you options to meet your budget and can put you in touch with lenders and mortgage brokers to discuss alternatives of financing.