Orlando CityPlace / Lexington Hotel is set to become the latest casualty of the current housing correction. The OBJ reports that owners plan to file for Chaper 11 protection by the end of the month.
The Lexington Hotel side of the operation is reported to be profitable, however, only 31 of the 227 condo hotel units were sold. The [...]

I read a lot of commentary about how much “inventory” is on the Orlando condo market, and a lot of predictions about how long it will take to be absorbed. I think by and large, the predictions are pretty good, but they don’t always take into account the fact that many condo units are disappearing, often hundreds [...]

Solaris Townhomes & Flats has officially Broken Ground! The new community is located in MetroWest on Raleigh, just off Kirkman. Solaris condos are still featuring pre-construction prices starting in the mid 200’s – pretty good for new construction – and with the MetroWest community starting to improve again, this could well turn out to be a smart investment. To catch [...]

Most Expensive Condo:
Listed for: $198,500
Sold for: $193,000 (days on market: 16)
Least Expensive Condo:
Listed for: $92,000
Sold for: $84,000 (days on market: 30) 
Median sales price: $129,950
Average days on market = 128       
Source: Orlando Sentinel

MetroWest has had a pretty bad rap over the last couple of years. I should know - I live there. It’s been affectionately nick-named ”Ghetto-West,” “Metro-Pest” etc. etc. but everyone who lives here knows that apart from the occasional armed robbery at Dunkin Donuts, it’s really not that bad.
Having lived in London, New York, San Francisco and Chicago, I’ve always thought the [...]

 Most Expensive Condo:
Listed for: $153,900
Sold for: $153,900 (days on market: 1)
Least Expensive Condo:
Listed for: $104,405
Sold for: $104,405 (days on market: 1) 
Median sales price: $126,705
Average days on market = 126       
Source: Orlando Sentinel

Fairly recently, I posted an article about the number of condo conversions in Orlando that have been forced to abandon sales and go back to rental. Other conversions are both renting and selling. 
I often hear the view that because a particular Orlando condo community is now renting as well as selling, it is therefore undesirable to purchase there. Perhaps. But [...]

I’m not a band-wagon kind of guy – but I’m crazy about this iPhone. It’s a quantum leap into the next generation of phones and once you’ve seen one, you’ll want one. That’s just the way it is. Of course Apple figured this out fairly quickly and so they threw another $100 on the price just days [...]

Joe and Rudy from the real estate Sellsius Blog rolled into Orlando last night as part of their Blog Tour USA . They met with a number of local real estate bloggers including Shaun McLane of Ekday and Posh’d, as well as bloggers from the Orlando Active Rain chapter.
Condo Metropolis met up with them at Panera Bread to talk about Orlando [...]

We recently reported on the number of Orlando Condos like Bella Trae that have started offering cheap trips to potential out-of-state buyers as a way of enticing them to visit the condominium. The condo-hotel conversion International Plaza Resort (formerly Sheraton) on International Drive is offering 3 days / 2 nights at their hotel for only $69 if [...]

We’ve been here before: Back in December 2006 we were already seeing condo conversions go back to rental. Then in January, Eola Place went belly up. Then there was Knightsbridge at Stoneybrook – a fairly recent loss - and so the condo merry-go-round continues.
To keep track of the latest then: Studio Park on Kirkman is rumored to have gone [...]

Most Expensive Condo:
Listed for: $249,900
Sold for: $202,000 (days on market: 236)
Least Expensive Condo:
Listed for: $95,000
Sold for: $88,500 (days on market: 76) 
Median sales price: $155,000
Average days on market = 151       
Source: Orlando Sentinel

 
If you don’t already know, F.S.B.O. stands for: ”For Sale By Owner.” Meaning, no Realtor involved. Why? You save money in commissions. And if you’re into that, you can also save money but cutting your own hair, doing your own dental work, defending yourself in court and cutting out your own appendix if you eat too many strawberries.
Actually, sometimes, [...]