Wednesday, May 15, 2013

Lake County, Fl Residential Real Estate News-Era Real Estate-Cheryl Hilty 352-638-5688

Lake County Residential Real Estate News
 
As of May 14th 2013 Lake County inventory of residential homes available for sale is at 2,145 homes. In looking at the number of homes schedule to sell soon, there are 1,553 pending a closing. Year-to-date, 1,979 homes have sold, approximately 34% of those homes were considered to be under distress – either a short sale or bank owned home. The average selling price of all the homes sold in Lake County is $140,664. Year-to-date, the average price of the distressed sales in Lake County is $118.670. Those homes selling without distress have shown an average selling price of
$152,052
For a very easy search of properties for sale in Lake County Fl go to

Saturday, May 4, 2013

Vacation Homes in Central Florida-Cheryl Hilty Mount Dora Real Estate

You might be surprised to hear that more and more people are buying vacation homes. The real estate market has been fairly sluggish the past few years in general, so what’s prompting this interest in these types of homes? Buyers investing in vacations homes are doing so for a few reasons.
These are the main factors that help explain the upsurge in vacation home sales in the past two years:
  • Prices are low: Home buyers can get vacation homes at very affordable prices compared to how much they cost in the past, especially in certain areas, like Colorado, Maryland and Virginia.
  • More spending money: Vacation home buyers are typically a bit older than residential home buyers and tend to have a higher income. Most have made good investments in the stock market over the years as well, which has made a strong recovery.
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