Chicago and Southern Illinois Real Estate Happenings

Here is the Hunters Creek Market report as of 8/29/2008.

A WHOLE LOT of activity has been happening in the month since I last reported!

• There are only 168 homes for sale, DOWN thirteen homes from 181 properties on the market last month; HOMES ARE SELLING OUT THERE!
• The high asking price for those homes still on the market is still $719,000 as it was last month.
• The low asking price is $189,900, which is DOWN $10,100 from the previous low asking price of $200,000 last month!
• 35 of these properties are in special circumstances: They are either bank owned, in pre-foreclosure, in foreclosure, fixer-uppers, owner will assist with closing costs, owner will consider financing the mortgage, or a combination of these situations..... there are a BUNCH of GREAT DEALS in Hunters Creek right here and NOW!

I have posted several other blogs about the conditions of the Hunters Creek area:

• Central Florida Real Rstate Happenings.... Hunters Creek Market Report for 7.15.2008
• Central Florida Real Estate Happenings -- Hunters Creek homes for sale as of 3.5.2008
• Central Florida Real Estate Happenings -- Hunters Creek homes for sale as of 1.29.2008
• Central Florida Real Estate Happenings -- Hunters Creek, Florida Homes for Sale as of 1.04.2008

I have the recent central Florida 4 county statistics here also for you to view. You will see a trend that is taking hold on the Orlando and central Florida real estate market, just take a look:

• Central Florida Real Estate Happenings --- The Market report for central Florida July 2008

You will see The Knights Team has been on top of what is going on in the central Florida real estate market for quite a while and we have the news about it for YOU every month!

Hunters Creek is right on the border of Orange and Osceola Counties,
convieniently located near Disney, Universal Studios, Sea World and
downtown Orlando. Routes 528, and 417 are just a minute or so away,
so you can get ANYWHERE in central Florida FAST!

This is a community that prides itself on excellence and professionalism,
from the landscaped medians with palm trees and flowers, to the types of
businesses in the area:

• Target Retail Super Center
• Publix Grocery store
• The Loop and The Loop West with all upscale retailers
• Numerous casual and some fine dining restaurants

Hunter Creek schools are consistently ranked at or near the
top of the scoring system for Florida schools. You know your
children will be getting a GREAT education when they attend
schools in the Hunters Creek area.

This post about Hunters Creek real estate
for sale is brought to you by:

Alexander Harb PSEM®, E-Agent®
The Knights Team Sales Leader

Beach and Luxury Realty Inc.

Well, things keep getting better and better in central Florida!

• The median home asking price has declined to $207,500 from last months $216,000. (It is 17% lower than last year at this time.)
• The affordability index rose to 103.8% which means the median Florida home income has MORE than enough to afford a home in central Florida.
• The July 2008 inventory of homes is 4.9% lower than it was last year at this time.
  (That means there are FEWER homes on the market than last year.)
• Since January the supply of homes for sale has been decreasing steadily resulting in 46.2%
  less homes on the market. Eventually, this will lead to a balancing of the real estate market in central Florida.

I have posted several blogs about what has been happening in the central Florida real estate market:

• Central Florida Real Estate Happenings..... The market is slowly turning around...

• Central Florida Real Estate Happenings..... 3 County April 2008 statistics

• Central Florida Real Estate Happenings -- The 4 county area statistics for January 2008

So, as you can see, things ARE getting better in central Florida real estate!!

This blog was brought to you by:
Alexander Harb, PSEM®, E-Agent®

Beach and Luxury Realty Inc.