Some of you may have noticed a new "widget" on the top right hand side of the blog which displays current Orlando listings. Click on it and it will take you directly to our MLS search engine. And if you have those cool GI Joe eagle eyes that move from side to side you might even have noticed an extra row of tabs above our banner - which correspond to the six new pages we've just launched, designed to help you locate more of the information you need. They are: Timeshare vs. Condos Moving to [...]
According to the latest Orlando Sentinel Story MetroWest's most luxurious new condo building Veranda Park is having financial troubles. And who isn't? Just another Orlando developer clipped by an anemic economy and housing market which is hurting everyone - except savvy buyers who are beginning to move in and take advantage of great pricing. In April we posted a blog regarding the liens filed against Veranda Park. Now, Wakovia Bank is proceeding with four separate foreclosure lawsuits against[...]
On Thursday, the Florida Association of Realtors (F.A.R.) reported its first monthly sales jump in Orlando since late 2005. F.A.R. reported a total of 1,641 homes sold in June, a nearly 3 percent increase when compared with 1,595 homes sales in the same month a year prior. The existing median sales price was $219,500 in June, a 15 percent decrease from $258,100 in June 2007. The existing condo market, however, continued to see sales decline. June condo sales totaled 172 in Orlando, an 8.5 [...]
As promised last week, here is news of the latest deals at Reunion Resort in Orlando. Last weekend, Bobby Ginn met with the Reunion sales team and announced several new phases of amenities to come to Reunion along with the immediate expansion of their own multi-acre Water Park. Ginn will also make all Reunion owners / members part of Ginn Clubs, by introducing The One Club which will grant reciprocity to Ginn members so that they can access other Ginn communities. This means if [...]
Like many people across the country I got caught up in the euphoric real estate bull market in 2004 and 2005. A friend of mine from Sarasota was handling the sales for Solaire at the Plaza and told me about the project. I grew up in Orlando and thought it would be fun to own a weekend condo only 2 hours away. At the time I thought it might make a good investment as well as something I could enjoy. We all know what happened to the real estate market from the time I put my deposit down to when [...]
Police officers from Winter Park are investigating the death of Steve Walsh, a well-known developer whose company projects include the $250-million Tradition Towers project in downtown Orlando. Walsh, 61, was found dead on his own property, according to Orlando Police who were called to Walsh's $1.4-million home on Genius Drive around 1 p.m. today after a business associate alerted police. He visited the house about 1 p.m. after Walsh didn't show up for work. It seems that authorities are not [...]
Sounds like Reunion is getting ready to move the remaining Villas at Reuion Square. These are the condominiums surrounding the waterpark and downtown area that they have been selling at prices ranging from $635,000 to $705,000 with an incentive package. It seems the company is going to eliminate the incentive package and slash the prices on these units instead. It hasn't been announced yet, but we're anticipating an announcement to us Thursday evening. I'm hearing $375,000 for an unfurnished [...]
The headlining article at money.cnn.com yesterday was titled Did the Fed go too far?, asking whether or not the Fed was prudent in hacking our Fed Funds Rate all the way down to 2%. I'll save you some time and skip to the end of the story: yes. Yes the Fed did go too far. But they ALWAYS go too far. They almost have to. As much as we like to think of ourselves in this country as a shining beacon of sense and logic, we really are very prone to mob-mentality. When the media gets us all [...]
Sunday, June 29th: Harbor Vista lake front condos in Leesburg (just north west of Orlando) will host an absolute auction (no minimum bid). This property has been listed for $289k and up. Every unit comes with a deeded, covered boat slip on the Harris Chain of Lakes. The developer looks likely to move at least 10 units. Every condo comes with upgrades of granite stainless and tile. Every unit has a gorgeous view of Lake Harris. You must register in advance to attend. Contact Condo Metropolis [...]
As most of you know, I'm not a rose-colored-glasses-Realtor, more of a tell-it-like-it-is-Realtor, and that makes some call me a "pessimist" - so here's some good optimistic news - and big yellow, non-pessimistic, crack-smoking smiley face to boot. It's claimed that the single most accurate forecast tool for housing activity is the "Pending Home Sale Index" compiled by the National Association of Realtors (NAR). It's based on contracts signed - but not yet closed from around the U.S. and for [...]
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