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Have you checked out our Tuesday Tours!  Get a glimpse of Downtown Orlando area neighborhoods from the comfort of your own home!  Check out our previous posts and stay tuned for more tours.

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Do you love where you live?

Today on our Tuesday Tour we are taking you to the highly sought-after Lake Como Neighborhood.

The Lake Como neighborhood in Downtown Orlando is a charming tight knit community. With a beautiful mix of 1940s bungalows, mid-century ranch homes and newer Victorian inspired homes there is a style to appeal to every buyer.

Lake Como Park is at the neighborhood’s center and makes for the perfect location for all of Lake Como’s annual events and monthly meetings, which are held by the voluntary neighborhood association.  Because of it’s sense of community and close proximity to major roadways such as I-4 and 408 Lake Como is one of the most sought-after neighborhoods in Downtown Orlando. Homes sell fast here and it’s easy to see why!

I love Lake Como and the community that it has become, I’m so proud to be the top sales agent in this Downtown Orlando neighborhood!

Thinking about moving to Lake Como Orlando, Search Lake Como Homes for Sale.

Search Downtown Orlando Neighbhorhood Homes for Sale

Need to sell your Lake Como home, call us today, 407-494-2820

Do you love where you live?   #heartorlandohome

Lately a lot of people have been asking me “How is the market in Orlando?”.  I think the news of rising prices and overall positive real estate news in the national media has people wondering – are things better now?

Let’s take a look at the market now compared with the lowest point of the market crash.  Bear with me here, this isn’t super exciting sexy stuff, but it’s important to know where we have been to know where we are going in the real estate market!

The real estate boom is said to have taken place in 2005 and as you can see from the chart below the rising prices continued into 2006 and 2007.  The effects of the “hot” market drove the market behavior over the next few years.  When the market shifts, it takes a little time before things catch up with it.  From 2006-2008…within two years, the median sales prices in the Orlando real estate market had been cut in half!  By 2009 the market in Orlando had officially crashed and the absolute low was finally felt when the median sales price hit $94,900 in January of 2011.

Capture_median

What is important to note is the number of new listings that came on the market had a direct correlation to how the market performed.  I know, I know – supply and demand at work – it’s so simple and yet so many people missed the signs!  As word of the real estate market boom in Orlando spread, the prices rose in 2005-2006.  That led even more sellers to jump into the market to sell their homes for extraordinary prices!  By the end of 2006, there were almost 30,000 new listings on the market compared to the previous year!  That’s a lot of inventory.  So of course, with all of that new competition and no new demand the market tanked!  Over the next couple of years, the days on the market increased as all of these listings sat.

Capture_NewListings

So what’s been driving up our prices in the last few years?  Well it is supply and demand of course!  If you take another look at the number of new listings in 2011 – 2012 you’ll notice that the number of homes for sale in Orlando and number of new listings hit a low.  That in turn caused a shortage in our market and drove the median price back up to where we are today.  New listings are on the rise, but we are still at a healthy level for now.

As you can see we are nowhere near the median home values that topped the market in 2006-2007, and the rising inventory will keep us in a nice happy balanced market for now.  Until it gets too high and can’t support the number of home-buyers in our area.  Where will we be in another year?   Check out my other post to see the top things to watch in 2015.

Do you need to make a move?  Love where you live and get started with your home search today.

Today on our Tuesday Tour we are taking you to the gorgeous Lawsona/Fern Creek Neighborhood.

Lawsona/Fern Creek is truly one of the most beautiful neighborhoods in Downtown Orlando.  From the historic homes to the charming Washington St. bridge, you will not be disappointed.

The Lawsona/Fern Creek neighborhood is located between Thornton Park and the Milk District  so you will never run out of places to eat, drink or shop.  It is very well  known for one of the most beautiful parks in Downtown Orlando, Dickson-Azalea Park.  Located just beneath the historic Washington St. bridge, the park is shaded by sprawling oak trees, nature trails, and lined with azaleas in the Spring.  Across the street the park setting continues at Langford Park with more trails, playgrounds, and pavilions.  The Florida landscape is  picturesque in this neighborhood that is just blocks from Lake Eola and Downtown Orlando.   

Thinking about moving to Lawsona/Fern Creek Orlando, Search Lawsona/Fern Creek Homes for Sale

Search Downtown Orlando Neighbhorhood Homes for Sale

Need to sell your Lawsona/Fern Creek home, call us today, 407-494-2820

Do you love where you live?   #heartorlandohome

The Orlando real estate market median price is 4% higher than it was this time last year!  All of this positive real estate news may have you con considering selling your home in Orlando.  And the first thing you probably want to know is how much it is worth.  homevalueThe main questions when selling a house are:

  1. Does it make sense to sell now?
  2. Will I make a profit or will I be under water?
  3. Will I be able to use my proceeds to buy the next house that I need or want?

All of these are excellent questions and can be answered by truly understanding the value of your home.  The problem is that many of the computer generated home values are inaccurate and can really throw your plans off track if you need or want to sell.

If a third party site tells you your home is worth 30% more or less, that could mean you are either jumping into the market too soon or you are missing out on a great opportunity to sell.

So how does one avoid this? 

Get a valuation from me… someone who actually works in your market daily and understands the difference between original oak floors and laminate….someone who understands what value original molding adds in your 1920s Downtown Orlando bungalow.

The market is expected to improve another 3-5% according to all major real estate industry news across the country. This will likely be the case in the desirable Downtown Orlando neighborhoods as well; and that means more people will continue to list their homes as they realize they have equity to move on to the next house.  So do the right thing, hire a local real estate professional like myself to represent you and help you determine the proper price.

Do you love where you live?  If you don’t, learn more about how 3rd party sites get it wrong and how I can help at my website RealOrlandoHomeValue.com  

Baldwin Park

Don’t forget our Tuesday Tours!  It is a really cool way to take a sneak peak into the Downtown Orlando area neighborhoods but in the comfort of your own home!  Check out our previous posts and stay tuned for more tours.

Previous Tuesday Tours

Do you love where you live?

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I am currently attending our company’s annual real estate conference. Yesterday we had what is called the Vision speech. This is a look at the trends and forces that will drive the real estate market in 2015. And all of the signs point to it being an amazing time to be buying or selling. It is a balanced market – right where you want to be to make wise real estate decisions and opportunity for all. So my question is where do you want to move this year? You should love where you live and there are opportunities to break into a neighborhood you didn’t think was possible by selling and moving up!

If you could move anywhere in Orlando where would it be? I love my neighborhood but here are some of my other favorites right now and why.

Lake Formosa – (Take Our NEW Neighborhood Video Tour)  home of industrial warehouses and beautiful lake views. It’s an eclectic mix and although the landscape will be changing with the upcoming The Yard project; it provides walkability, history and views. Originally established in 1911 you can see the charming bungalows throughout and feel the history along the railroad. And the Orlando Urban Trail is literally in your back yard to take you anywhere your little bike-riding heart desires.

Lake Como – always a favorite of mine.  This neighborhood is truly a community. The location just southeast of the Central Business District of Downtown Orlando makes it convenient and the neighbors make it a perfect place to call home. The home styles are a nice mix of homes with history and charm all circling around the park and lake where walking your dog and chatting your neighbors is what makes it so special.

Lancaster Park – this neighborhood is full of huge oak trees. All of the Downtown Orlando neighborhoods are known for their oak trees and brick streets, but the main entrance to Lancaster Park is just the perfectly shaded old Florida spot! Located near the ever-growing Orlando Regional Medical Center (ORMC) it is convenient but it feels so secluded and private – not to mention the pride in ownership is evident at every turn. And did I mention the lake views?! Walking the dog is an enjoyable task in this neighborhood!

 Do you love where you live? Find your dream home today.

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