The Orlando Condo Blog

If you’re looking for a nice 2260 sq/ft condo on Turkey Lake (near the Mall at Millenia), there will be an auction on September 8th. For more details, see Orlando’s newest real estate blog, Roofable.com 
Meanwhile, the Altamonte Springs condo auction (Sept 16) seems to be causing a flury of interest and could well turn out to be the most [...]

The Only Condo (32703, 32779):
Listed for: $259,900
Sold for: $250,000 (days on market: 60)Median sales price: $250,000
Average days on market = 60
32810: No condos listed or sold during this period.
Source: Orlando Sentinel

International Plaza Resort & Spa condo hotel is hosting its buyer’s event on Thursday September 6 at 12:00 p.m - and the winner of season 3’s The Apprentice (Kendra Todd) will be the guest speaker. This new condo hotel on International Drive formerly the Sheraton, is on target to be one of Orlando’s condo hotel success stories. If condo hotels [...]

Sick of hearing about the housing market? Ok, here’s an unusual condo story:
Almost four miles of copper wire disappeared from Orlando construction sites this week including 101 Eola condos and the Dynetech Center condos downtown.
Apparently, international shortages have driven the price of copper above $3 a pound at scrap metal dealers. Who knew?
Last Friday afternoon, [...]

As the housing market ties itself in knots, developers continue to frantically search for solutions to move their condos. Sales Teams are switched, marketing strategies are changed and incentives reorganized.
Today will see the departure of Coldwell Banker’s The Condo Store from Downtown Orlando condo Solaire as rival company Lifestyles move in. Meanwhile, Lifestyles finds itself usurped at other [...]

Most Expensive Condo:
Listed for: $839,9000
Sold for: $883,143 (days on market: 218)
Least Expensive Condo:
Listed for: $246,900
Sold for: $247,150 (days on market: 1)
Median sales price: $398,035
Average days on market = 146
Source: Orlando Sentinel

Roofable (www.roofable.com) is a new real estate and neighborhood blog for the Orlando area by local Eric Hersman. He’s been blogging about real estate for a while at RealtyThoughts.com but his new blog is Orlando specific. ”Because I live in Orlando I keep looking for good local real estate blogs. I wanted to make the meta-real estate [...]

According to the lastest MetroWest newsletter, 2006 sales were strong - and only the Waterford Lakes area closed more homes in 2006 - by just two. My guess is that with the new, enhanced security MetroWest now enjoys, more buyers will feel confident enough to buy in this neighborhood again, and 2007 will see an even stronger surge - relatively [...]

 
Two of Orlando’s condo communities will be holding an auction in just under a month which could mean massive savings for those who are ready to act fast and are qualified to buy. The communities, located in the Altamonte / Wekiva neighborhoods, have been selling for a year or so and the developers are ready [...]

It’s been about a year since my favorite downtown-condo-in-the-making, The Monarch launched its sales effort. In this week’s OBJ, Anjali Fluker reports that current market conditions may have the developers modifying their original plans. I doubt they’re alone.
Other new downtown projects include Tradition Towers, The Vue, 55 West, Star Tower, and the Paramount. Most of these are [...]

Most Expensive Condo:
Listed for: $259,900
Sold for: $227,246 (days on market: 211)
Least Expensive Condo:
Listed for: $137,000
Sold for: $?? (days on market: 102) 
Median sales price: $145,000
Average days on market = 129       
Source: Orlando Sentinel

We’d all like new of course - but can you afford it? We all know that new costs more than conversion, right?
Not necessarily. Some developers overpaid for their converions and are now having to sell them at rates which are actually higher than new construction.
On the other hand, owners of older resale condos usually have greater predictability of [...]

I received news this morning that that are a handful of units left at two of Orlando’s more popular condo conversions. Although both officially sold out some time ago, investors who claimed them have been unable to close, putting them back in the market for buyers who are able to act quickly.
At Azur in MetroWest there are less [...]

New research by the National Association of Realtors (NAR) suggests that with nearly one in five Realtors having sold a home to an international client in the past year, our real estate is still looking good to some folk.  
“In this country we have always known that housing is a good long-term investment, and many foreign buyers seem to share [...]

Most Expensive Condo:
Listed for: $219,900
Sold for: $216,000 (days on market: 4)
Least Expensive Condo:
Listed for: $179,900
Sold for: $175,000 (days on market: 36) 
Median sales price: $207,000
Average days on market = 48      
Source: Orlando Sentinel