Central Florida Market Trends - Jan 2010 by Carolyn Wilson

Central Florida Market Trends January 2010

Presented By:

CENTRAL FLORIDA | Single Family Homes Sales 2009 vs 2010 1,186

1200

1000 811

800

600 2009 400

2010

200

Ja n

4 6. 24 %

The Information contained herein is provided by Orlando Regional Association The information contained herein is provided by Orlando Regional Realtor Association and Mid Florida Regional MLS. All critical information should be independently verified. Stirling Sotheby’s International Realty makes no representation or guarantee as to the correctness or suitability of the information provided. The information and/or services provided may change at any time without notice.

2008

CENTRAL FLORIDA | Condominium Sales 2009 vs 2010 394

400

350

300

250

200

2009 2010

150

147

100

0 Jan 168.03%

CENTRAL FLORIDA | Overall Sales 2009 vs 2010

1,742

1,800 1,600 1,400 1,200

1,050

1,000 800 2009 600

2010

400 200

Ja n

6 5. 90 %

CENTRAL FLORIDA 3 Yr History - New Contracts 4,500 4,000 3,500 3,000 2,500 2,000 1,500 1,000

Ju Au l‐06 Se g‐06 p Oc ‐06 No t ‐0 6 Dev‐06 c Ja ‐06 n Fe ‐ 0 7 M b ‐07 a Ap r‐07 M r‐0 ay 7 Ju ‐07 n Ju ‐07 Au l‐0 7 Se g‐07 p Oc ‐07 No t ‐0 7 Dev‐0 7 c Ja ‐07 n‐ Fe 0 8 M b ‐0 a 8 Ap r‐08 M r‐0 a 8 Ju y‐08 n Ju ‐08 Au l‐08 Se g‐08 p Oc ‐08 No t ‐0 8 Dev‐08 Ja c‐08 n Fe ‐ 0 9 b M ‐09 a Ap r‐09 M r‐0 ay 9 Ju ‐09 n Ju ‐09 Au l‐09 Se g‐09 p Oc ‐09 No t ‐0 9 Dev‐09 c Ja ‐09 n‐ 10

500

CENTRAL FLORIDA 3 Yr History - Monthly Total Under Contract 10,000 9,000 8,000 7,000 6,000 5,000 4,000 3,000 2,000 1,000

No Dev‐0 c 6 Ja ‐06 Fen‐0 7 M b ‐0 a 7 Ap r‐0 M r‐07 a 7 Ju y‐07 n Ju ‐07 Au l‐0 7 Se g‐07 p Oc ‐07 No t ‐0 7 Dev‐0 7 c Ja ‐07 n Fe ‐ 0 8 M b ‐0 ar 8 Ap ‐0 M r‐08 ay 8 Ju ‐08 n Ju ‐08 Au l‐0 8 Se g‐08 p Oc ‐08 No t ‐0 8 Dev‐08 Ja c‐08 n Fe ‐ 0 9 b M ‐0 a 9 Ap r‐09 M r‐0 ay 9 Ju ‐09 n Ju ‐09 Au l‐0 9 Se g‐09 p Oc ‐09 No t ‐0 9 Dev‐09 Ja c‐09 n‐ 10

CENTRAL FLORIDA January 2010 | Financing Trends

60%

52%

50%

40%

All Cash New Conventional

30% 21%

20%

New FHA New VA

20%

10% 2% 0% All Cash

New Conventional

New FHA

New VA

CENTRAL FLORIDA $1 Million Plus Listing Inventory | January 31, 2010 $1 Million Plus Sales | January 2010

500

453

450 400 350 300

Homes for Sale

250

Homes sold

200 150 100 50 0

90 9

54 3

4 year Supply 2.5 year Supply Orange Seminole

Lake

Osceola

CENTRAL FLORIDA January 2010 | Average Sales Price

$180,000

$166,579

$160,000

$138,616

$131,362

$140,000

$120,414

$130,703

$120,000

Seminole $100,000

Orange Lake

$80,000

Osceola $60,000

Central Florida Average

$40,000 $20,000 $0 Seminole

Orange

Lake

Osceola

Central Florida Average

Central Florida % of Distressed Sales | Last 12 Months 80% 71%

70%

68% 65%

60% 52%

50% 43%

40%

57%

54% 51% 41%

63%

50%

52% 48%

44%

45%

43% 38%

54%

52% 43%

45%

40% 36%

36%

% of Bank owned

30% 20% 10%

% of Short sales

15% 9%

10%

12%

18%

20%

23% 18%

% of Total Distressed Properties

12%

0% Feb March April May June July AugustSept Oct Nov Dec Jan The Information contained herein is provided by Orlando Regional Association The information contained herein is provided by Orlando Regional Realtor Association and Mid Florida Regional MLS. All critical information should be independently verified. Stirling Sotheby’s International Realty makes no representation or guarantee as to the correctness or suitability of the information provided. The information and/or services provided may change at any time without notice.

CENTRAL FLORIDA 2009 vs 2010 Active Listings 25,000 22,613

20,000

15,911 15,000

2009 10,000

2010

5,000

0 January ‐29.64%

CENTRAL FLORIDA 3 Yr History - New Listings 8,000

7,000

6,000

5,000

4,000

3,000

Ju Au l‐0 6 Se g‐06 p Oc ‐06 No t ‐0 6 Dev‐06 Ja c‐06 F e n‐ 0 7 M b ‐0 ar 7 A ‐0 M pr‐07 a 7 Ju y‐07 n Ju ‐07 Au l‐0 7 Se g‐07 p Oc ‐07 No t ‐0 7 Dev‐07 Ja c‐07 F e n‐ 0 8 M b ‐0 ar 8 A ‐0 M pr‐08 a 8 Ju y‐08 n Ju ‐08 Au l‐0 8 Se g‐08 p Oc ‐08 No t ‐0 8 Dev‐08 Ja c‐08 F e n‐ 0 9 M b ‐0 ar 9 A ‐0 M pr‐09 a 9 Ju y‐09 n Ju ‐09 Au l‐0 9 Se g‐09 p Oc ‐09 No t ‐0 9 Dev‐09 Ja c‐09 n‐ 10

2,000

CENTRAL FLORIDA 3 Yr History - Inventory 28,000

26,000 24,000

22,000

20,000

18,000 16,000

Ju Au l‐0 6 Se g‐06 p Oc ‐06 No t ‐0 6 Dev‐06 c Ja ‐06 n Fe ‐ 0 7 M b ‐0 a 7 Ap r‐07 M r‐0 ay 7 Ju ‐07 n Ju ‐07 Au l‐0 7 Se g‐07 p Oc ‐07 No t ‐0 7 Dev‐07 c Ja ‐07 n Fe ‐ 0 8 M b ‐0 ar 8 A ‐0 M pr‐08 ay 8 Ju ‐08 n Ju ‐08 Au l‐0 8 Se g‐08 p Oc ‐08 No t ‐0 8 Dev‐08 Ja c‐08 Fen‐0 9 M b ‐0 ar 9 A ‐0 M pr‐09 a 9 Ju y‐09 n Ju ‐09 Au l‐0 9 Se g‐09 p Oc ‐09 No t ‐0 9 Dev‐09 c‐ Ja 09 n‐ 10

14,000

CENTRAL FLORIDA 3 Yr History - Units off the Market - Withdrawn or Expired

5,000 4,500 4,000 3,500 3,000 2,500 2,000 1,500

Ja n Fe ‐ 0 7 b M ‐0 7 a Ap r‐0 7 M r‐0 ay 7 Ju ‐0 7 n Ju ‐07 Au l‐0 7 g Se ‐07 p Oc ‐0 7 No t ‐0 7 v De ‐07 c Ja ‐07 n Fe ‐ 0 8 b‐ M 08 a Ap r‐0 8 M r‐0 ay 8 Ju ‐0 8 n Ju ‐08 Au l‐0 8 g Se ‐08 p Oc ‐0 8 No t ‐0 8 Dev‐08 c Ja ‐08 n Fe ‐ 0 9 b M ‐0 9 ar Ap ‐0 9 M r‐0 ay 9 Ju ‐0 9 n Ju ‐09 Au l‐0 9 g Se ‐09 p Oc ‐0 9 No t ‐0 9 Dev‐09 c Ja ‐09 n‐ 10

1,000

CENTRAL FLORIDA 3 Yr History - Avg Monthly Mortgage Rate 7.00%

6.50%

6.00%

5.50%

5.00%

4.50%

Ju Au l‐06 g Se ‐06 p‐ Oc 06 No t‐06 v De ‐06 c Ja ‐06 n Fe ‐07 b‐ M 07 ar Ap ‐07 M r‐0 ay 7 Ju ‐07 n‐ Ju 07 Au l‐07 g Se ‐07 p‐ Oc 07 No t‐07 v De ‐07 c Ja ‐07 n‐ Fe 08 b M ‐08 ar Ap ‐08 M r‐0 ay 8 Ju ‐08 n‐ Ju 08 Au l‐08 g Se ‐08 p Oc ‐08 No t‐08 v De ‐08 c Ja ‐08 n‐ Fe 09 M b‐0 ar 9 Ap ‐09 M r‐0 ay 9 Ju ‐09 n Ju ‐09 Au l‐09 g Se ‐09 p Oc ‐09 No t‐0 v 9 De ‐09 c Ja ‐09 n‐ 10

4.00%