The Orlando Condo Blog

People often tell me that they’re interested in seeing this new condo place, you know, the one… can’t remember the exact name, the one with “Millenia” in the title. Ok, that’s easy enough right? I mean, how many can there be? Other than the Residences at Millenia, Millenia Cove, Millennium Palms, The Plaza at Millenia, The Fountains at Millenia, and um, I’m [...]

If you want to see the trend here, look down the right-hand sidebar until you see “catagories.” There, you’ll see the category “Zip Code of the Week.” Click on the link and you will pull all those records together on one page. Now you can examine Orlando. The last ”Zip Code of the Week - 32804 - tells and intersting [...]

Most expensive condo: Listed for: $1,029,000 Sold for: $820,000 (days on market = 160)  Least expensive condo: Listed for: $107,500 Sold for: $97,154 (days on market = 84)  Median sales price: $403,264 Average days on market = 84         Source: Orlando Sentinel var conveythis_src = “en”;translation

The Trevi, a luxury condominium development just north of downtown Orlando, is putting together a novel series of seminars this summer, designed to help home owners and investors understand the local real estate market. The series begins April 19th (that’s this Thursday) and will cover a host of useful topics designed to get your investment juices flowing: [...]

Last November I was talking about the trend of some condo conversions to return to rental once it becomes clear that there are insufficient sales to make the conversion work. When it comes to pre-construction deals, then they just don’t get built. For example, Eola Place cleared ground in December 06, only to close its doors a [...]

I think Imus is rubbing off on me: what I really meant by that headline is that according to the OBJ, the much famed mouse-town is about to get its first active adult community. The as yet unamed development, is the second to be announced since I complained that Orlando condo developers appeared not to be gearing [...]

Pre-construction. Downpayments. Now why would anyone want to tie up 20% of half a million of their dollars (at zero interest) for a year or two on a property that might never get built, when it could be earning 5% in a CD? That’s the question buyers are posing, since that’s what most developers are looking for. Even if [...]

Most expensive condo: Listed for: $229,900 Sold for: $235,000 (days on market = 144) Least expensive condo: Listed for: $79,000 Sold for: $76,000 (days on market = 70) Median sales price: $108,325 Average days on market = 92         Source: Orlando Sentinel var conveythis_src = “en”;translation

Click To Play Courtesy of The Speculative Bubble comes this unusual use of the game Rollercoaster Tycoon. What is it? It’s U.S. Home prices plotted as a roller coaster. What’s cool about it is that it shows the cyclical nature of real estate in a visual way. And it proves the old adage:   You don’t wait [...]

That’s according to the National Association of Real Estate Investment Trusts’ annual conference this year. The top investment cities for 2007 also included: New York City; Washington, D.C.; Los Angeles; Seattle; Austin; San Francisco; Honolulu; San Jose; and San Diego. Ron Donohue of Hoyt Advisory Services noted that while the industry remains solid, real estate [...]