The Trevi's new Lake (Lake Sybellia) has its retainer wall up and the new roadway has now been curbed. If you're in Maitland, drive by and check out the progress at the site next to the Publix on 17-92. It may be a slow market right now, but this one's going ahead! Meanwhile, the Trevi summer lecture series continues, with the latest seminar taking place this Thursday, June 21st at the Sales Center. This month's speakers explore the investment value of Orlando real estate. Program begins at [...]
Most expensive condo: Listed for: $229,900 Sold for: $200,000 (days on market = 92) Least expensive condo: Listed for: $129,900 Sold for: $127,000 (days on market = 4) Median sales price: $129,330 Average days on market = 54 Source: Orlando Sentinel
Lest I be the only person pointing out the obvious benefits of the current Orlando buyers market - and the cons of waiting too much longer to buy that condo - and lest you find yourself saying: "Well he would say that, wouldn't he - he's a real estate agent!" check out today's piece by Anthony Carr at Real Estate Times: http://realtytimes.com/rtcpages/20070615_marketshit.htm
Not that kind of potty - no, not the one you sit on, nor the mouth-type even, but rather the little English one with that funny accent and the big round glasses that he stole from Elton John. Universal Orlando has confirmed that it will build a new 20-acre, Harry Potter-themed area at Islands of Adventure devoted to all things magical. It will be known as The Wizarding World of Harry Potter and the opening is scheduled for late 2009. Well, snoggle my Hogwarts!
The 'math' part of buying a condo can be pretty daunting, but unfortunately, trying to figure out how much condo you can afford is the first step toward actually purchasing one. That means a.) getting pre-approved from a mortgage lender before you start traipsing around town, and b.) translating the price of your dream condo into a monthly payment to see if you can avoid becoming a foreclosure statistic in your first year. If you scroll down this page and look to the right, you'll find an [...]
After months of hand wringing, Baldwin Park's condo conversion known as The Majestic appears to be going ahead after all with sales and marketing by Kelly Price & Co. This week's OBJ reports that the 177 unit conversion, which features retail on the ground floor, has begun pre-sales and both a sales office and models are expected to open in the next 30-40 days. Prices for the Majestic condominiums will start in the area of $180k and will include studios, lofts, one- and two-bedroom units. [...]
According to data gathered by the Orlando Regional Realtor Association, the median resale price of a home in Central Florida is about $250,000. At a quarter of a million dollars, most first time home buyers are effectively priced out of the housing market. But believe it or not, it is still possible to find an Orlando condo for under $100,000. And that could prove to be a vital first foot on the property ladder. In other words, condos are still affordable - just. But they probably won't be in a [...]
I was recently approached by an individual whose condominium association was enduring several defects due to the developer's refusal to address the issues. Instead of pursuing the developer in a court of law, the condominium association has chosen to attempt to remedy the situation by going through local government channels. While it is true, the local city or state governments may be able to assist an association to some limited degree in resolving disputes with the builder and/or contractor [...]
Most expensive condo: Listed for: $699,900 Sold for: $645,000 (days on market = 218) Least expensive condo: Listed for: $149,900 Sold for: $132,000 (days on market = 92) Median sales price: $211,500 Average days on market = 114 Source: Orlando Sentinel