Orlando, FL (PressExposure) November 09, 2009 -- Amy Radfar Ruff, winner of the prestigious National Association of REALTORS Â® Golden Eagle Award for Performance and Orlando relocation specialist, is confident that the Central Florida real estate market is on the cusp of a recovery. The preeminent real estate professional in her area, Amy Ruff is telling clients that current market conditions strongly favor buyers. However, she cautions that several economic indicators suggest that the window of opportunity for buyers to take advantage of this unique situation will not last and may already be closing.
Her optimism and confidence, as well as her admonishment that the buyerâs market will not last for much longer, is supported by a third-quarter report that analyzed current real estate market conditions in and around the Orlando area. Metrostudy Orlando, the leading and most respected provider of primary and secondary market information to the housing industry and related industries, reports that new home construction has increased around 20 percent in the Orlando area. Orange, Seminole, Lake and Volusia counties comprise the Orlando real estate market covered by the report and reported 1,108 new housing starts in the third quarter of 2009.
This number represents a 200-unit increase when compared to the three previous quarters and is one of the economic indicators of a recovery in the region. Amy Ruff also believes that moderately priced homes will lead the turnaround in the Orlando-area real estate market, as the single-largest number of starts and closings were in the $150,000 to $200,000 price range at the end of this yearâs third quarter. This segment recorded 1,281 annual starts and 1,529 annual closings, followed by a strong showing by homes in the $200,000 to $250,000 price range with 959 annual starts and 1,491 annual closings.
Current market conditions also favor buyers of lower-priced new homes in the Orlando area with 44 percent of all new single-family homes priced at $200,000 or below, compared with only 22 percent for the third quarter of 2008.
Amy Ruff said, âBuyers who have been waiting for prices to fall further are in danger of missing this incredible opportunity to buy Seminole County homes for sale, Orange County homes for sale and other Central Florida real estate during the best buyerâs market in recent memory. Residential and commercial real estate prices are as low as they are going to get and forward-thinking buyers are capitalizing on this marvelous opportunity.â
Anyone considering the purchase of a primary, investment or vacation home in the Orlando area is encouraged to contact Amy Radfar Ruff at 407.766.9901 or visit her Web site at http://AmyRadfar.com. She has well over twelve years of experience assisting buyers and sellers throughout the Orlando metropolitan area. She is a consistent top producer in the area and has a reputation for exceptional customer service within the industry.