The backlog of homes sold by Realtors in the Orlando area edged down slightly in March -- the first time in three years that the local inventory has declined at the start of the spring home-buying season.
"It's moving in the right direction," said Steven Moreira, president of the Orlando Regional Realtor Association, which released its March existing-home-sales report Monday. For full story, please click here.
Monday, April 21, 2008
Thursday, April 03, 2008
Orlando Builder Advertising Overseas
Another Central Florida builder is looking overseas for business.ABD Development Co., which builds luxury homes and villas at Providence in Polk County, Vizcaya and Windsor Landing at Wyndham Lakes Estates in Orlando, and Toscana in Palm Coast, is heading to England in search of potential home buyers.
David Kohn, president of ABD Development, said his company plans to participate in a major lifestyle trade show in London on April 24-27.The event, "A Place in the Sun, Exel London," is advertising to attract a significant number of qualified home buyers and investors, Kohn said. Currency exchange rates "make Florida luxury homes very affordable to British and European buyers" right now, he said, and ABD Development expects to book sales during the trade show.
Courtesy Orlando Sentinel 4/2/08.
David Kohn, president of ABD Development, said his company plans to participate in a major lifestyle trade show in London on April 24-27.The event, "A Place in the Sun, Exel London," is advertising to attract a significant number of qualified home buyers and investors, Kohn said. Currency exchange rates "make Florida luxury homes very affordable to British and European buyers" right now, he said, and ABD Development expects to book sales during the trade show.
Courtesy Orlando Sentinel 4/2/08.
Tuesday, April 01, 2008
New Condo Project in Lake Mary
A high-density development in Lake Mary got approval from the County Commission on Tuesday, but only after developer Bob Horian agreed to significantly reduce building height.
The development is on Sun Drive near Greenwood Lakes Boulevard.
Horian asked to modify an original development agreement from several years ago that would let him build condos on land previously approved for offices and town homes. Horian had proposed a 75-foot condo building on one tract. Commissioner Carlton Henley, whose district includes the Sun Drive development, balked at the height. Now the building height limit is just a little more than 55 feet.
Horian said he needed to adjust the project, particularly because town homes are not selling well.
Nothing's selling particularly well in this real-estate market, but Horian said he thinks he can make condos work in the area, where there's not much available land left.
People seem to have turned against town homes because they don't want to deal with the stairs, he said. "I couldn't in good conscience break ground on town homes." Instead, residents will use high-speed elevators.
The development is on Sun Drive near Greenwood Lakes Boulevard.
Horian asked to modify an original development agreement from several years ago that would let him build condos on land previously approved for offices and town homes. Horian had proposed a 75-foot condo building on one tract. Commissioner Carlton Henley, whose district includes the Sun Drive development, balked at the height. Now the building height limit is just a little more than 55 feet.
Horian said he needed to adjust the project, particularly because town homes are not selling well.
Nothing's selling particularly well in this real-estate market, but Horian said he thinks he can make condos work in the area, where there's not much available land left.
People seem to have turned against town homes because they don't want to deal with the stairs, he said. "I couldn't in good conscience break ground on town homes." Instead, residents will use high-speed elevators.
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