Bardell Real Estate Logo
Real Estate Update from REMAX Heritage

Real Estate Update from REMAX Heritage

by | Oct 10, 2023 | Blog, Homeowners, Mortgages, News, Real Estate News

Real Estate Update from REMAX Heritage

How to Navigate the Real Estate Market During Two Decades’ High Mortgage Rates

In this discussion, Freddie Mac Deputy Chief Economist Len Kiefer sheds light on the reasons behind the soaring interest rates, their potential trajectory, and whether a 3% rate is on the horizon. REALTOR® Linda Rheinberger, based in Las Vegas, Nevada, offers insights into what current market conditions mean for home buyers and sellers, along with essential steps to ensure a successful sale. Additionally, Keith Gumbinger from HSH.com provides valuable tips for securing the most favorable mortgage interest rates. Lastly, Melissa Dittmann Tracey explores strategies for maintaining a cool home during hot weather and evaluates the popularity of window film as a solution.

 

For more information, visit https://www.nar.realtor/real-estate-today/mortgages-and-rising-interest-rates

 


Ready to make a Move?

Bardell Real Estate are the experts in helping you with your selling, buying or renting needs near Orlando, Florida. Make your Disney area experience a forever memorable one. Call us now to speak to a real estate agent.

 

Why Winter Haven?

Why Winter Haven?

by | Oct 9, 2023 | Blog, Buyers, Homeowners, Mortgages, Renters

Why Winter Haven?

Winter Haven, Florida

 

Location and Geography: Winter Haven is situated in the heart of Central Florida, approximately halfway between Tampa to the west and Orlando to the east. It is about 55 miles southwest of downtown Orlando and 68 miles northeast of downtown Tampa. Winter Haven is characterized by its gently rolling terrain and a network of natural and man-made lakes. These lakes, including Lake Howard, Lake Cannon, and Lake Eloise, are part of the “Chain of Lakes” system and are a prominent feature of the city’s landscape. The city is surrounded by various bodies of water, making it a popular destination for boating, fishing, and water sports. The largest lake in Winter Haven is Lake Hamilton, which covers approximately 2,184 acres. Overall, Winter Haven’s geography is defined by its picturesque lakes, making it an attractive place for outdoor enthusiasts and those seeking a serene and scenic environment in Central Florida.

Housing Market: Winter Haven, like many other areas in Florida, has experienced strong demand for residential properties. The city’s attractive lakeside setting, relatively affordable housing compared to larger Florida cities, and a pleasant climate make it appealing to homebuyers. In recent years, home prices in Winter Haven have been on an upward trajectory. The demand for housing, coupled with limited inventory, has led to price increases. However, Winter Haven’s housing prices tend to be more affordable compared to some other Florida cities. Mortgage interest rates, which were historically low in recent years, have influenced the affordability and demand for homes in Winter Haven. However, interest rates can fluctuate and impact the housing market.

Commute and Transportation: Winter Haven, Florida, is located in Central Florida and is accessible by various transportation options. I-4 (interstate 4), This major interstate highway runs through the region, connecting Winter Haven to both Tampa to the west and Orlando to the east. I-4 is a key route for commuters traveling to these major metropolitan areas. The nearest major airports to Winter Haven are Orlando International Airport (MCO) and Tampa International Airport (TPA). Both airports offer a wide range of domestic and international flights, making air travel accessible to residents and visitors. Winter Haven is part of the Citrus Connection public transportation system, which operates bus routes within the city and connects it to other areas in Polk County. This provides a public transit option for residents and commuters. Winter Haven’s transportation infrastructure, including its proximity to major highways and access to public transit, provides residents and commuters with various options for getting around the city and connecting to neighboring areas.

Community and Lifestyle: Winter Haven, Florida, offers a unique community and lifestyle that attracts residents and visitors alike. Known for its charming neighborhoods, beautiful lakes, and a range of recreational activities, Winter Haven provides a welcoming and diverse environment. Referred to as the “Chain of Lakes City” due to its interconnected lakes, residents and visitors can enjoy activities like boating, fishing, water skiing, and paddleboarding on the numerous lakes in the area. The city is known for its family-friendly atmosphere, with many parks, playgrounds, and community events. It’s an ideal place for families to raise children. Winter Haven hosts a variety of community events throughout the year, including festivals, farmers’ markets, and concerts. The Winter Haven Chain of Lakes Boat Parade is a popular holiday tradition.Overall, Winter Haven offers a blend of natural beauty, cultural attractions, family-oriented activities, and a warm community spirit. It’s a place where residents can enjoy a relaxed Florida lifestyle while having access to urban amenities and opportunities.

Ready to make a Move?

Bardell Real Estate are the experts in helping you with your selling, buying or renting needs near Orlando, Florida. Make your Disney area experience a forever memorable one. Call us now to speak to a real estate agent.

 

[formlift id=”36911″]

Why Kissimmee?

Why Kissimmee?

by | Oct 2, 2023 | Blog, Buyers, Homeowners, Long Term Rental, Property Management, Renters

Why Kissimmee?

Kissimmee, FL

 

Location and Geography: Kissimmee, Florida, is a city located in Osceola County in the central part of the state. It is situated in the central region of the Florida Peninsula, approximately 18 miles (29 kilometers) south of downtown Orlando. Kissimmee’s geographical location in Central Florida places it in close proximity to popular tourist destinations like Walt Disney World Resort, Universal Orlando Resort, and SeaWorld Orlando. This has contributed to Kissimmee’s role as a hub for visitors exploring the region’s theme parks and attractions. Additionally, its location near various lakes and outdoor recreational areas makes it an appealing destination for those who enjoy outdoor activities and natural beauty.

Housing Market: The Kissimmee housing market, like many areas in Florida, has experienced strong demand in recent years. This demand is driven by factors such as population growth, job opportunities, and the area’s appeal to both residents and investors. 

Communte and Transportation: Kissimmee, Florida, is well-connected in terms of transportation and offers various options for commuting within the city and to nearby areas. The city has a well-developed road infrastructure, with major highways including Interstate 4 (I-4) and the Florida Turnpike passing through or near the city. These highways provide convenient access to neighboring areas, including Orlando. The city operates a public bus service known as “LYNX,” which connects Kissimmee to various parts of Osceola County and the greater Orlando area. LYNX also offers several routes within the city itself.

Community and Lifestyle: Kissimmee is a melting pot of cultures, with a diverse population that includes residents from various ethnic backgrounds. This diversity is reflected in the city’s restaurants, festivals, and cultural events, making it a rich and inclusive community. Kissimmee is known for its family-friendly environment. The city offers excellent schools, safe neighborhoods, and numerous recreational activities suitable for families. Many neighborhoods have parks, playgrounds, and community centers. Whether you’re raising a family, retiring, or simply seeking an active and diverse community, Kissimmee offers a lifestyle that caters to a wide range of interests and preferences.

Ready to make a Move?

Bardell Real Estate are the experts in helping you with your selling, buying or renting needs near Orlando, Florida. Make your Disney area experience a forever memorable one. Call us now to speak to a real estate agent.

 

[formlift id=”36911″]

Why Clermont Florida?

Why Clermont Florida?

by | Sep 25, 2023 | Blog, Buyers, Homeowners, Mortgages, Real Estate Components, Renters, Theme Parks and Attractions

Why Clermont Florida?

Clermont Florida

Location and Geography: Clermont is situated in central Florida, approximately 22 miles (35 kilometers) west of downtown Orlando. It is part of the Orlando-Kissimmee metropolitan area. The area around Clermont is characterized by numerous lakes, including Lake Minneola, Lake Louisa, Lake Minnehaha, and Lake Palatlakaha. These lakes contribute to the city’s scenic beauty and offer recreational opportunities such as boating and fishing. Overall, Clermont’s geography and location offer a mix of natural beauty and accessibility to the attractions of the greater Orlando area.

Housing Market: Clermont, like many parts of Florida, has experienced fluctuations in housing prices in recent years. Before 2022, there was generally an upward trend in home prices due to population growth and demand for housing in the area. However, prices can vary depending on the neighborhood and type of property (single-family homes, condos, etc.).

Commute and Transportation: Clermont is well-connected to the Orlando metropolitan area via several major highways, including Florida’s Turnpike, U.S. Route 27, and State Road 50 (also known as Colonial Drive). These roads provide easy access to Orlando, which is approximately a 30-45 minute drive away, depending on traffic. State Road 429, known as the Western Expressway, provides a direct link to the western suburbs of Orlando, offering an alternative route for commuters. LakeXpress is the public transportation system serving Lake County, including Clermont. It offers bus routes connecting various parts of the county, but the coverage and frequency may be more limited compared to larger urban areas.

Community and Lifestyle: Clermont is known for its family-friendly atmosphere. Many families are attracted to the city because of its good schools, safe neighborhoods, and various recreational opportunities. The city’s geography, with its rolling hills and numerous lakes, makes it a great place for outdoor enthusiasts. Residents and visitors can enjoy activities like boating, fishing, hiking, and biking. The South Lake Trail, in particular, is a popular spot for walking, running, and cycling. The city has a variety of parks, sports fields, and recreational facilities for both children and adults. Lakefront Park in downtown Clermont is a popular gathering spot and offers a beach, playgrounds, and events.

Ready to make a Move?

Bardell Real Estate are the experts in helping you with your selling, buying or renting needs near Orlando, Florida. Make your Disney area experience a forever memorable one. Call us now to speak to a real estate agent.

 

[formlift id=”36911″]

Just listed 333 LAKE HOWARD DR in Winter Haven

Just listed 333 LAKE HOWARD DR in Winter Haven

by | Sep 16, 2023 | Blog, Buyers, Homeowners, Homes, Villas and Condos, Investment Property in Florida, Real Estate Components, Renters, Retirement / 55+, Sellers

Just listed 333 LAKE HOWARD DR in Winter Haven

Blog Post 8

333 Lake Howard Dr NW #204C, Winter Haven, FL

Click here to Get Directions
2 BEDROOMS
2 BATHROOMS
387 sqft Lot

One or more photo(s) has been virtually staged. Welcome Home!! This 55+ community, piece of paradise in the heart of Winter Haven, Florida will not disappoint! Entertaining will not be an issue with your upgraded kitchen and spacious living area boasting with tons of light. This condo originally had a 3rd bedroom but was converted to formal dining room. The spacious master bedroom offers an on-suite bathroom with walk-in shower and closet. Enjoy all the amenities Imperial Harbours has to offer such as swimming pool, fitness center, and a private dock for boating and fishing on Lake Howard connected to the chain of lakes. Conveniently located just minutes away from Winter Havens finest shopping, dining, and recreational activities. Don’t miss the opportunity to make it yours! Schedule your private tour today and start living the Florida lifestyle today.

Real Estate Market report- July 2023

Real Estate Market report- July 2023

by | Aug 30, 2023 | Blog, Buyers, Homeowners, Homes, Villas and Condos, News, Real Estate News, Renters, Sellers

Real Estate Market report- July 2023

July Home Sale

 

July’s interest rate was recorded at 6.8%, up slightly from 6.7% in June. This is the second-highest interest rate in Central Florida in 20 years. October 2022 had the highest interest rate in 20 years at 7.0%

    • In ORRA’s new survey of Orlando REALTORS, 43% of respondents said that rising interest rates are the biggest challenge facing buyers, causing some buyers to wait out purchasing homes right now or look at lower price points.
  • Overall sales fell 8.7% from June to July. There were 2,852 sales in July, down from 3,124 sales in June. Sales in July 2023 were also 13.8% lower than July 2022, when there were 3,309 sales.
  • Inventory for July was recorded at 5,720, up 5.0% from June when inventory was recorded at 5,450.
    • Low inventory was cited as the second biggest issue facing buyers in ORRA’s new survey.
  • The median home price for July was recorded at $380,000, down from $385,000 in June. This is the first month this year that median home price has fallen.
  • Median home price in July 2023 was extremely close to July 2022, when it was recorded at $380,900.
  • New listings fell 7.8% from June to July, with 3,413 new homes on the market in July, compared to 3,703 in June.
  • Homes spent an average of 39 days on the market (DOM) in July, down from 41 days in June. This is still 85.7% higher than July 2022 when homes spent an average of just 21 days on the market.
    • Last year, 63% of Orlando REALTORS said clients were selling their homes in 10 days or less. This year, only 34% said clients are selling their homes in 10 days or less.
  • “Approaching the end of summer with interest rates at nearly their highest level in 20 years, we are seeing an impact on both buyers and sellers,” said Lisa Hill, Orlando Regional REALTOR® Association President. “More homeowners are being locked into ‘golden handcuffs’ – where they’re choosing to stay in their current homes to keep their low mortgage rates, which could be 3% or lower – and more buyers are choosing to wait in hopes that rates go down.”

Market Snapshot

  • Interest rates increased from 6.7% in June to 6.8% in July. This is 27.7% higher than July 2022 when interest rates were 5.4%.
  • Pending sales fell, with 3,964 in June and 3,808 in July.
  • 25 distressed homes (bank-owned properties and short sales) accounted for 0.9% of all home sales in July. That represents a 10.7% decrease from June, when 28 distressed homes sold.