Lakefront Venezia in Dr. Phillips
Dr. Phillips real estate in December is typically slow on top of the declining market the past two years but lately we’ve seen a little push of buyer activity. They are out and about in Dr. Phillips and other Orlando communities looking for deals.
For example, this past weekend I was showing around buyers looking at new construction, so we stopped by Venezia in Dr. Phillips; a beautiful lakefront community built by Riche & Silliman. I called the sales Representative Lee letting him know that we were going to stop in and as usual he took great care of my buyers, even to the point of having a new floor plan put together just for them. Lee Clark and Judy Hamrick do a nice job over at Venezia helping our team’s buyers that are looking to build in the Dr. Phillips area.
Central Florida MLS
While we were at Venezia I noticed the continuous flow of buyers coming into the sales center which was similar to the last time I was there. When we were leaving another couple walked in and the gentleman turned to me and said “hello”, he was a U.K. buyer I had showed properties to last year when he and his wife were just thinking about moving. He has now put his home on the market in the U.K. and is just waiting for the sale. Add another buyer to the list of people that desire to live in Dr. Phillips.
Homes under contract
Later that day I stopped by Preston Square off of Overstreet in Windermere; a new town home community by Centerline Homes. TeamConnect has a buyer that is purchasing in this community and we were doing the drywall walk-through. While in the sales center I noticed two different potential buyers inquiring about purchasing a home. One of these buyers were talking with the sales Representative Joe Nellis while another couple looked at the community map, then I noticed still outside was another happy couple walking out of the model home. This is a great sign that Orlando’s highly desired areas are starting to make a rebound.
Baldwin Park Central FL
Saturday evening I was in the Baldwin Park community with buyers that are looking to stay close to Interstate 4 (I-4) and downtown Orlando. We met with the sales representative Brett at the David Weekly sales center around 4pm and he graciously answered all of my buyer’s questions. It definitly helped that Brett knew first hand about being a homeowner in the Baldwin Park community. Really, what I’m getting at is the kind of buyer activity we are seeing. Again here we were talking to Brett and another person came in and was talking to one of the other sales reps sitting at a desk. A few minutes later a couple came in asking a third sales rep questions about purchasing a home. I heard that sales rep ask if they knew about the community and the buyer said “yes” that they were renting in Baldwin Park and felt it was time to invest in a home.
Make no mistake buyers are seeing value and many of them feel this is a great time to purchase a home. If they are correct there could be a nice profit over the long term. Let’s see…what would Warren Buffet think about purchasing a home in today’s real estate climate, would it be purchasing fear or greed ? (Warren Buffet’s fear and greed comment last month).
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By no means are we out of the woods but this buyer activity lately is real. Even taking it virtually TeamConnect had 20,253 hits on our websites last month. www.MyTeamConnect.com
This of course contradicts the mainstream media’s outlook this past year and the over emphasis of Gloom & Doom, good for TV ratings but not for public perception and some of the positives we are seeing in the real estate market.
Markets go up and down and the past two years have been especially tough on homeowners but it’s not all bad, there are signs of life. This year was a little better then last and 2009 should be a little better then 2008. Small gradual steps to a more stable real estate market where buyers equal sellers.
