Market Snapshot | Winter Garden FL Jan 2016 to Dec 2016

Market Snapshot | Winter Garden FL

January 2016 to December 2016

Pete Petridis Sales Associate http://www.orlandoflhomesandland.com/ 407-756-3303 petepetridis@gmail.com City: Winter Garden December 2016 Property Type: Single Family Home, Townhome, Condo | Price $0 to $999,999,000 Trending Versus*: Trending Versus*: Market Profile & Trends Overview Month LM L3M PYM LY YTD PriorYTD PriorYear Median List Price of all Current Listings $374,900 1% 11% Average List Price of all Current Listings $440,471 2% 11% December Median Sales Price $290,000 -5% -2% -2% 4% $295,000 5% 5% December Average Sales Price $322,697 7% 3% -3% 9% $314,564 6% 6% Total Properties Currently for Sale (Inventory) 393 -4% 2% December Number of Properties Sold 101 -16% -31% 1488 7% December Average Days on Market (Solds) 67 5% 6% 5% -6% 69 -1% -3% Asking Price per Square Foot (based on New Listings) $146 7% 4% 11% 15% $136 8% 7% December Sold Price per Square Foot $126 -1% -2% -2% 7% $126 7% 7% December Month’s Supply of Inventory 3.9 14% 9% 48% 7% 3.5 -5% -5% December Sale Price vs List Price Ratio 97.1% -0.4% 0% -1% -0.5% 97.5% 0.0% 0.0% * LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year / YTD = Year-to-date | Arrows indicate if values are higher (up), lower (down) or unchanged (flat) To View Additional Information, Click Here. Property Sales December property sales were 101, down from 146 in December of 2015 and -15.8% lower than the 120 sales last month. December 2016 sales were at their lowest level compared to December of 2015 and 2014. December YTD sales of 1,488 are running 6.8% ahead of last year’s year-to-date sales of 1,393. Prices The median sales price in December was $290,000, down -2.2% from $296,450 in December of 2015 and down -5.0% from $305,388 last month. The average sales price in December was $322,697, down -3.0% from $332,621 in December of 2015 and up 6.6% from $302,836 last month. December 2016 ASP was at a mid range compared to December of 2015 and 2014. Inventory & MSI The total inventory of properties available for sale as of December was 393, down -3.9% from 409 last month and up 2.1% from 385 in December of last year. December 2016 Inventory was at a mid range compared to December of 2015 and 2014. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The December 2016 MSI of 3.9 months was at its highest level compared with December of 2015 and 2014. Market Time The average Days On Market (DOM) shows how many days the average property is on the market before it sells. An upward trend in DOM tends to indicate a move towards more of a buyer’s market, a downward trend a move towards more of a seller’s market. The DOM for December was 67, up from 64 days last month and up from 64 days in December of last year. The December 2016 DOM was at a mid range compared with December of 2015 and 2014. Selling Price Per Square Foot The selling price per square foot is a great indicator for the direction of property values. Since median sales price and average sales price can be impacted by the ‘mix’ of high or low end properties in the market, the selling price per square foot is a more normalized indicator on the direction of property values. The December 2016 selling price per square foot of $126 was down -0.8% from $127 last month and down -1.6% from $128 in December of last year. Selling Price vs Listing Price The selling price vs listing price reveals the average amount that sellers are agreeing to come down from their list price. The lower the ratio is below 100% the more of a buyer’s market exists, a ratio at or above 100% indicates more of a seller’s market. The December 2016 selling price vs list price of 97.1% was down from 97.5% last month and down from 98.0% in December of last year. Inventory / New Listings / Sales This last view of the market combines monthly inventory of properties for sale along with new listings and sales. The graph shows the basic annual seasonality of the market as well as the relationship between these items. The number of new listings in December 2016 was 123, down -20.6% from 155 last month and up 6.0% from 116 in December of last year. Inventory / New Listings / Sales This view of the market combines monthly inventory of properties for sale along with new listings and sales. The graph shows the basic annual seasonality of the market as well as the relationship between these items. The number of new listings in December 2016 was 123, down -20.6% from 155 last month and up 6.0% from 116 in December of last year.

 

Pete Petridis Sales Associate http://www.orlandoflhomesandland.com/ 407-756-3303 petepetridis@gmail.com City: Winter Garden December 2016 Property Type: Single Family Home, Townhome, Condo | Price $0 to $999,999,000 Quick Note Here is a Market Action Report for Casselberry for the last 12 months. This will show you what is going on in the entire city for single family homes. Thanks. Trending Versus*: Trending Versus*: Market Profile & Trends Overview Month LM L3M PYM LY YTD PriorYTD PriorYear Median List Price of all Current Listings $374,900 1% 11% Average List Price of all Current Listings $440,471 2% 11% December Median Sales Price $290,000 -5% -2% -2% 4% $295,000 5% 5% December Average Sales Price $322,697 7% 3% -3% 9% $314,564 6% 6% Total Properties Currently for Sale (Inventory) 393 -4% 2% December Number of Properties Sold 101 -16% -31% 1488 7% December Average Days on Market (Solds) 67 5% 6% 5% -6% 69 -1% -3% Asking Price per Square Foot (based on New Listings) $146 7% 4% 11% 15% $136 8% 7% December Sold Price per Square Foot $126 -1% -2% -2% 7% $126 7% 7% December Month’s Supply of Inventory 3.9 14% 9% 48% 7% 3.5 -5% -5% December Sale Price vs List Price Ratio 97.1% -0.4% 0% -1% -0.5% 97.5% 0.0% 0.0% * LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year / YTD = Year-to-date | Arrows indicate if values are higher (up), lower (down) or unchanged (flat) To View Additional Information, Click Here. Property Sales December property sales were 101, down from 146 in December of 2015 and -15.8% lower than the 120 sales last month. December 2016 sales were at their lowest level compared to December of 2015 and 2014. December YTD sales of 1,488 are running 6.8% ahead of last year’s year-to-date sales of 1,393. Prices The median sales price in December was $290,000, down -2.2% from $296,450 in December of 2015 and down -5.0% from $305,388 last month. The average sales price in December was $322,697, down -3.0% from $332,621 in December of 2015 and up 6.6% from $302,836 last month. December 2016 ASP was at a mid range compared to December of 2015 and 2014. Inventory & MSI The total inventory of properties available for sale as of December was 393, down -3.9% from 409 last month and up 2.1% from 385 in December of last year. December 2016 Inventory was at a mid range compared to December of 2015 and 2014. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The December 2016 MSI of 3.9 months was at its highest level compared with December of 2015 and 2014. Market Time The average Days On Market (DOM) shows how many days the average property is on the market before it sells. An upward trend in DOM tends to indicate a move towards more of a buyer’s market, a downward trend a move towards more of a seller’s market. The DOM for December was 67, up from 64 days last month and up from 64 days in December of last year. The December 2016 DOM was at a mid range compared with December of 2015 and 2014. Selling Price Per Square Foot The selling price per square foot is a great indicator for the direction of property values. Since median sales price and average sales price can be impacted by the ‘mix’ of high or low end properties in the market, the selling price per square foot is a more normalized indicator on the direction of property values. The December 2016 selling price per square foot of $126 was down -0.8% from $127 last month and down -1.6% from $128 in December of last year. Selling Price vs Listing Price The selling price vs listing price reveals the average amount that sellers are agreeing to come down from their list price. The lower the ratio is below 100% the more of a buyer’s market exists, a ratio at or above 100% indicates more of a seller’s market. The December 2016 selling price vs list price of 97.1% was down from 97.5% last month and down from 98.0% in December of last year. Inventory / New Listings / Sales This last view of the market combines monthly inventory of properties for sale along with new listings and sales. The graph shows the basic annual seasonality of the market as well as the relationship between these items. The number of new listings in December 2016 was 123, down -20.6% from 155 last month and up 6.0% from 116 in December of last year. Inventory / New Listings / Sales This view of the market combines monthly inventory of properties for sale along with new listings and sales. The graph shows the basic annual seasonality of the market as well as the relationship between these items. The number of new listings in December 2016 was 123, down -20.6% from 155 last month and up 6.0% from 116 in December of last year.

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source http://www.orlandoflhomesandland.com/market-snapshot-winter-garden-fl-jan-2016-dec-2016/

Disney reshaped mansion landscape for Orlando

Walt Disney World and Disney Springs

We headed over to the old area called Downtown Disney or before that the Disney Village, now known as Disney Springs. We parked in the lime parking lot, which is a new multi-level
lot with great lighting and lots of parking spots. Did not have to fight and wait 30 minutes for a parking spot.

D Luxe Burger

My wife and I spent the evening walking around Disney prings tonight. My wife and I had some shopping to do and off course stopped at D-Luxe Burger for a quick bite for dinner. I rdered a Blue Burger that was very tasty and cooked the way I rdered it and my wife had a Classic Burger with tomatoes, lettuce, pickle and cheese.

We then walked out after we finished our dinner and did some more shopping at some of the new stores in the Disney Springs.  We shopped at a store called Anthropology, looking for a perfume called Kai.

We also stopped in at the Alex and Ani store to shop for some jewelry for my daughter.  We were able to find what we were looking for and were in and out of the store in about ten minutes.

When we stepped outside we got a chance to see the new Drone show that Disney calls, Starbright Holidays – an Intel Collaboration”. This is a show that lasted about 5 minutes and had the drones controlled by computers, present a wonderful Christmas show.

Drone Show at Disney Springs

We topped off the night and stopped in at “Sprinkles” a fine bakery of nothing but cupcakes. Very fresh tasty and very sweet, delicious!! It was a good way to finish the night ad Disney Springs.

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source http://www.orlandoflhomesandland.com/walt-disney-world-and-disney-springs/

Polar vortex can’t freeze rates in this week’s Markets in a Minute!

For the Week Ending December 16, 2016 Please enjoy this quick update on what happened this week in the housing and financial markets. As expected, the Fed raised policy rates 0.25% at this month’s FOMC meeting. Bond yields jumped on the news, pressuring mortgage rates higher. The U.S. dollar is at the highest level since 2003, and stocks continue to hit all-time highs. Strong economic activity contributes to mortgage rates increasing. The Fed is expected to continue to raise policy rates in 2017, possibly up to three times. Rising inflation and a tightening job market support this speculation. Rising mortgage rates aren’t dampening builders’ enthusiasm for the housing market. The NAHB housing market index rose to a 9-year high in December. The HAMP mortgage program expires December 31, 2016. It is being replaced with a new payment reducing Flex Modification foreclosure prevention program. Rising mortgage rates are not curbing demand, as inventory remains stubbornly low. Constrained supply is expected for at least 4 more years, according to NAR.     Polar Vortex – what weather people say when they’ve exhausted every other possible way of saying “it’s freaky cold outside.” Rate movements and volatility are based on published, aggregate national averages and measured from the previous to the most recent midweek daily reporting period. These rate trends can differ from our own and are subject to change at any time.   Barry Botwin, Waterstone Mortgage, Senior Mortgage Advisor, NMLS # 216724 (407) 645-6315, bbotwin@waterstonemortgage.com

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source http://www.orlandoflhomesandland.com/polar-vortex-cant-freeze-rates-weeks-markets-minute/

Loan Limit Increases

Beginning in 2017, conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac will increase to $424,100 (compared to the current $417,000 limit) in most parts of the nation. High-cost area loan limits will increase to $636,150. This is the first increase to the baseline loan limit since 2006!

These increases are a result of housing appreciation, which is great news for our industry and the purchase market. Additionally, borrowers with loans just above the jumbo limit will have expanded options.

While Fannie and Freddie may adjust the loan limits effective as of January 1, 2017, Waterstone Mortgage will be able to close and fund those transactions as early as December 10, 2016. Waterstone Mortgages’ position as a direct lender to both Fannie and Freddie will ensure we can offer expanded loan limits to more borrowers.

Please contact me to learn more, or if there is anything I can assist you or your clients with.

Looking forward to closing out 2016 strong, and a successful 2017!

Barry Botwin, Waterstone Mortgage, Senior Mortgage Advisor, NMLS # 216724 

(407) 645-6315
bbotwin@waterstonemortgage.com

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