In April, we brought you news of Knightsbridge at Stoneybrooks demise. This week's Orlando Business Journal reports that TA Associates, a Boston firm, has now purchased the 396-unit condo conversion for $45.3 million. Not bad for a community built in 2000 on 25 acres. The same fate will await many of those Orlando communities which are marked "Off Market" on our search engine at CondoMetropolis.com. And not all of these are condo conversions. Some are brand new. In either case, the [...]
Arguably the father of modern economics, Adam Smith was a proponent of a Laissez-Faire style of economics. Translation: government does as little as possible and the natural laws of supply and demand will determine price levels and purge the market of any impurities. Very much a "might makes right" kind of approach. Admittedly, there are certain functions that government must perform in a regulatory capacity to keep the playing field level, but things seem to have gotten out of [...]
Real Estate Video by - Real Estate Blogger "I'm waiting to see what happens to the prices." "I still don't think we've hit bottom yet." Poppycock. For overseas buyers, the exchange rate is far more important than the price. And for U.S. buyers, personal credit score and the ability to qualify for a mortgage in 2008 will become a far bigger issue than hoping to save an extra $10k on the price. This video says it all. If you're still unconvinced once you've read that, check out Blanche [...]
It's been a whole year since Condo Metropolis opened its online condo doors. And despite a slower than normal market, the site has received many thousands of visitors, and equiries are received daily concerning the Orlando condo scene. "Orlando Condo buyers just love having a site that's dedicated to condominiums," said Marcus Burke, company founder. "We're the only place in town that lists all the condo inventory and our news blog covers all the latest condo gossip. People [...]
A recent forecast report released by the National Association of Home Builders projects that Florida state, and in particular metro areas within the state, will experience the steepest declines in housing starts this year compared to last year. Housing starts in Florida are projected to fall from 198,900 in 2006 to 103,300 this year, a massive 48.1 percent drop, the builders group reported. Florida is home to nine of ten U.S. metro areas with the sharpest projected drop in housing [...]
I was a kid the last time the dollar was this weak against the Great British pound, but right now for every pound a Brit brings to Orlando, they get over two dollars ($2.09) in return, effectively doubling their money - and more than doubling it when you take into account how much more expensive the U.K. is. This makes buying Orlando condos a no brainer. Combine this with the current heavy discounts in the Orlando condo market and you'd have to be a fool not to invest. Our Canadian neighbors [...]
Oooh! Ooooh! Pick me, pick me! Going cheap: Condo conversion in southwest Orlando, with no repairs needed and many upgrades in place. Appraised value is just over $30M - asking price is just over $20M. This is a potential income property or resale of over 170 units. Property is in a good location close to major entertainment attractions, stores and restaurants; all close proximity. Tis true... you need money to make money. (Don't forget to keep an eye on our investors page.) Call: [...]
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