The Orlando Condo Blog

We’ve known about the problems at the Lexington condo hotel (downtown Orlando) for a some time now, and I recommended to one potential client that he give his particular condo hotel project a wide berth. For reasons that I’ll never understand, he refused to believe that my adivice was anything other than genuine or based simply on my knowledge of who [...]

If anyone were to say that 2008 started with a bang, they’d probably be referring to the sound of our stock market dropping like an anvil on the 1st.  Woo hoo. However, the rationale behind the drop is not what the recessionistas of the world want to hear.  Fundamentals backing our economy are strong.  The [...]

Over the past 2 ½ years CondoDomain.com has operated as a premier lead generation portal for real estate developers and onsite sales and marketing centers in more than 30 U.S. cities.   But now, our friends up in Boston are about to go local. By the time you read this, they will have opened their first local brokerage. Today [...]

A recent report by the Florida Association of Realtors suggests that for the month of November 2007, Orlando saw a 35% decline in sales of single-family homes compared with November 2006, while condo sales plumeted by a massive 55%. Orlando condo sales were a meagre 125, down from 276 sold in November 2006 (already a bad year!). Median [...]

Home prices fell nationwide for the 10th consecutive month, according to a major index of home prices. Metro Miami home prices dropped 12.4 percent in October 2007 compared with October 2006, while prices in Tampa dropped 11.8 percent compared with the same period a year earlier, according to the Standard & Poor’s Case-Shiller Home Price [...]

Seller’s expectations are still too high when it comes to price. How do I know? Look at our Zip Code of the Week (below). November to December 2007: 163 Orlando condos listed – 6 sold = 157 unhappy sellers. True, there may be several reasons for the lack of sales – one of which is that buyers can be incredibly slow [...]

Most Expensive Condo: Listed for: $2.5M Sold for: $2,050,000 (days on market: 136) Least Expensive Condo: Listed for: $136,900 Sold for: $116,303 (days on market: 28) Median sales price: $362,500 Average days market = 142 Total Condo Listings = 163 Total Sold = 6 Source: Orlando Regional Realtor Association var conveythis_src = “en”;translation