Orlando Real Estate -

Orlando Property Prices Jan 2012

January 3rd, 2012 11:42 AM by Karyn Smith

Property prices in America may be on the rise again but homes in Orlando, in particular, are currently being snapped up for as little as 70 per cent of peak prices.

January 2011 sales figures from the Orlando Regional Realtor Association (ORRA) show that 75% of properties sold so far this year were done so via banking-controlled foreclosures and short sales - XXX.

ORRA figures show that the average sale price in Orlando in December 2010 was $146,582 (£90,831), up from $140,422 (£87,029) in January 2010. But the average sales price of a foreclosed ($94,500) or short sale ($75,000) property is far lower than that of a regular property for sale on the open market.

While short sale discounts are attractive at first glance, experts recommend purchasing through a professional buyer if opting for a short sale property, as title, structural, tax and tenancy problems are often associated with distressed properties.

Posted in:General
Posted by Karyn Smith on January 3rd, 2012 11:42 AM


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