Orlando Area October Real Estate Sales Have Dropped by 21 %. – Prices Increased by 10%

Orlando, FL, November 30, 2010 --(PR.com)-- Orlando real estate sales have dropped again in the October period this is the 4rd monthly decline of sales since June, however prices have increased by 10% this is great news. This includes the counties of Orange, Seminole, Volusia, Lake and Osceola County, with Orange County showing the largest decline of sales by 21%. The total amount of available listings has dropped from 34,207 to 33,540 mainly due to bank owned listing being withdrawn because of the Robo issues. 19,829 of the total listings are in some kind of foreclosure with Lake County having 1955 distressed properties, Seminole County with 2881, Orange County 9618, Volusia County 1706 and Osceola County with 3669. There is a silver lining in all the dark clouds, as we have seen increases in home prices in all counties. The sales outlook for the next 3 months is looking very tentative and hopefully the foreclosure title issues are being resolved soon and some the homes under contract can finally close. The Oviedo area hit a homerun with 29% increase in sales and a 17% increase in the average price. www.greaterorlandohomes.com

Counties:
· Orange County: 9.6 months of unsold inventory
· Units Sold 1278
-- September over October – 21% decline
-- Average Price 10% increase
· Seminole County: 10.9 months of unsold inventory
· Units Sold 377
-- September over October – 19% decline
-- Average Price 8% increase
· Volusia County: 13.9 months of unsold inventory
· Units Sold 203
-- September over October – 18% decline
-- Average Price 3% increase
· Lake County: 16.4 months of unsold inventory
· Units Sold 295
-- September over October – 7% decline
-- Average Price 1% increase
· Osceola County: 9.5 months of unsold inventory
· Units Sold 479
-- September over October – 19% decline
-- Average Price 12% increase

Cities:

· Orlando: 9.1 months of unsold inventory
· Units Sold : 951
-- September over October - 24% decline
-- Average Price 6% increase
· Oviedo: 10.8 months of unsold inventory
· Units Sold 62
-- September over October 29% increase
-- Average Price 17% increase
· Deltona: 11.4 months of unsold inventory
· Units Sold 89
-- September over October - 12% decline
-- Average Price 11% increase
· Lake Mary: 10.3 months of unsold inventory
· Units Sold 42
-- September over October - 16% decline
-- Average Price 20% increase
· Winter Park: 11.1 months of unsold inventory
· Units Sold 69
-- September over October - 8% decline
-- Average Price 27% increase
· Apopka: 12.4 months of unsold inventory
· Units Sold 85
-- September over October - 19% increase
-- Average Price 5% increase
· Kissimmee: 8.78 months of unsold inventory
· Units Sold 390
-- September over October – 17% decline
-- Average Price 11% increase

Gitta Urbainczyk P.A. is a Realtor in the greater Orlando area, is dealing in short sales, bank owned properties and regular resale. She is a member of NRBA, and has been in real estate sales in the Orlando area for 22 years. Gitta is also certified by the
· Default School RDCPro™
· Accredited REO Agent™
· REOTRAN Platinum Agent
· REOMAC
-- Valuations
-- REO Tasking
-- REO A to Z
· NVAI www.nvsinstitute.com certification
· Foreclosure U-REO certification
· NABPOP (National Association of BPO professionals)
· CPV (certified property valuator)
· Loss Mitigation Training Institute LLC - Certified Short Sale Specialist
· Attended 5 Star Convention & REOMAC
· - Certified as REO A-Z
· - BPO Valuations
· Attended REOMac Convention in Hollywood, Florida
· Lionsgate Financial Network BPO and REO Training
Stats as per Orlando MLS.

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