exitrealtyorlando.com

Thank you to our friend Christopher Ververis for the kind words!

My first insurance career, maybe 20 years ago, was with a company that took so much pride in their employees and truly committed themselves to their success. Since then, I have to say that I never encountered that type of an appreciation within an organization until recently with Exit Realty. I know it was the fundamental foundation of their very successful company!! I see it, feel it, and know it to be true in our company as well and I cannot stress the importance of it and the feeling of gratitude I have for it. It is just awesome and it is very rare these days and you both are doing a wonderful job!

The synergy you both possess is amazing as well and is something I hope you both recognize to be a true blessing.  Thank you so much recognizing me with an award!

Thank you!

Christopher J. Ververis
Business Brokerage Division
Commercial Real Estate

That is absolutely amazing! Almost 350 Transactions closed in Matthew’s name. The most amazing part is that Matthew shared ever single one of those transaction with Realtors in the office as his commitment to remaining as a non-competing broker that focuses on developing and building his Realtors business’s.

To be recognized for something like this is really something special. Matthew is not your ordinary person by any means, he is much too exceptional to be considered ordinary.

This confirms that we have one of the Real Estate markets most respected leaders leading Exit Realty Central right to the top!

Current Rankings:
Matthew Stamer #21 Agent in the U.S.
Exit Realty Central top 5 REO Company’s in Central Florida
Exit Realty Central top 10 total units sold in Central Florida
Exit Realty Central among top producing offices in all of Exit Realty in all of North America

Most Real Estate professionals never get the opportunity to work with such a great leader that cares so much about his company and his agents.

Make sure to tell you Realtors friends in the business about where you work and I’ll betcha they want to come check it out!

Congratulations Matthew! We are all proud of you and proud to be on your team!

http://realtrends.com/products/top-1000-sales-professionals/individual-sides  http://realtrends.com/products/top-1000-sales-professionals/individual-volume
http://realtrends.com/products/top-1000-sales-professionals/team-sides  http://realtrends.com/products/top-1000-sales-professionals/team-volume 

When productive Realtors are joining our company transferring from other large brokerages such as Remax, Keller, Prudential, Zip, etc, we know that we must be doing something really special here at Exit Realty Central.

In 2011 we’ve had some really talented Realtors join our company and some have really hit the ground running taking listings and writing contracts.

Our company is growing while hiring top talent in the market place. We’ve hired top level Commercial/Biz Realtors that have launched our Commercial/Biz division and today we will hire a gentleman that is a specialist in International Real Estate Business and will launch our International Division. Soon to come will be launching our luxury division empowering our Realtors to go after and secure more luxury listings.

In 2011 we have locked arms with the following Realtors:

• Didem Hanley                           Exit Realty Professionals
• Salim Valiani                             Remax Properties SW
• Jennifer Ceballos                      Big International Realty Inc.
• Thomas Kimbrough                 Debary Realty
• Danit Bogeais
• Earl Dolinar                               Exit Realty Access
• Adriana Mardini
• Nelly Trujillo                             Tran Realty Services Inc.
• Eric Soto                                     Keller Williams
• Chris Ververis                           Results Real Estate
• Mark Wright                              Debary Realty
• Joyce Blews                                Rene Berg Realty Inc.
• Mark Fuller                               
• Nina Martinov                            Remax Properties SW
• Jim Alford                                   R. Russel Properties Inc.
• Jeffrey Asarnow                       
• Jackie Cavada-Barrero             Bahia Realty Group llc.
• Josh Harper
• Sharon Harper
• Carlos Mendez                            Coldwell Banker Ackley
• Suzanne Ogden                           Charles Ruttenburg
• Adrienne Prosser                        Zip Realty
• Larry Spann                                Independence Real Estate Services
• Fernando Borrego                    
• Peggy Mann                                 Sand Dollar Realty

We have a great company that offers our agents endless levels of resources and more quality leads than just about any other company in the market along with top level training and support.

We’re proud and honored to have joined forces with all of the Realtors that have come aboard with us this year and equally honored to have so many Realtors that have been with our company as long as 8 years from when Exit Realty Central first opened.

Thank you Exit Central agents for making us one of the highest producing Exit offices in North America!

We’ve had about 30 people join our company in 2011! What a great year!

Thank You

Thank You

(August 12, 2011 – Orlando, FL) The Orlando area’s overall median price climbed to $117,000 in July. Since January of this year, Orlando’s median price has increased by 23.3 percent. The median price is also 7.64 percent higher than the $108,700 recorded in July 2010.

An increase in the percentage of “normal” sales — those that are neither bank-owned nor short sales — continues to boost the overall median price. In July, the percentage of normal sales increased for the sixth consecutive month and made up 42.15 percent of all transactions involving members of the Orlando Regional REALTOR® Association.

The lower median price of foreclosures and short sales does continue to negatively influence the overall median price.The median price for bank-owned sales in July is $80,000 and the median price for short sales is $98,000.

The 2,147 sales transactions that were completed in July 2011 is 14.67 percent less than were completed in July 2010. Bank-owned sales dropped 49.08 percent compared to July 2010, while short sales increased 16.73 percent and “normal” sales increased 16.03 percent.

At the current pace of sales, there is a 4.82-month supply of homes in Orlando’s inventory. The number of homes available for purchase in the Orlando area declined in July by 210 homes and now rests at 10,349. (Inventory is down 37.52 percent from July of last year; single family home inventory is down 33.28 percent; and condo inventory is down 53.19 percent.)

“With affordable prices and historically low mortgage interest rates, homebuyer demand remains strong. A more rapid sales recovery is possible if banks return to normal and safe but sensible lending standards,” explains ORRA Chairman of the Board of Directors Mike McGraw, McGraw Realty Services, PL.

Pending sales – those under contract and awaiting closing – are currently at 9,869. In July 2010, the pending tally was 19,133.

Homes of all types spent an average of 101 days on the market before coming under contract in July 2011, and the average home sold for 95.00 percent of its listing price. In July 2010 those numbers were 84 days and 95.01 percent, respectively.

The area’s average interest rate decreased in July 2011 to 4.53 percent, from the 4.56 percent posted in June 2011.

Affordability

The Orlando affordability index decreased to 235.71 percent in July. (An affordability index of 99 percent means that buyers earning the state-reported median income are 1 percent short of the income necessary to purchase a median-priced home. Conversely, an affordability index that is over 100 means that median-income earners make more than is necessary to qualify for a median-priced home.) Buyers who earn the reported median income of $53,846 can qualify to purchase one of 5,692 homes in Orange and Seminole counties currently listed in the local multiple listing service for $275,777 or less.

First-time homebuyer affordability in July decreased to 167.61 percent from last month’s 177.43 percent. First-time buyers who earn the reported median income of $36,615 can qualify to purchase one of the 3,931 homes in Orange and Seminole counties currently listed in the local multiple listing service for $166,692 or less.

Condos and Town Homes/Duplexes/Villas

The sales of condos in the Orlando area (369) decreased by 37.88 percent in July when compared to July of 2010 (594).

The most (162) condos in a single price category that changed hands in July were yet again in the $1 – $50,000 price range and account for 43.90 percent of all condo sales. Low-priced units have overwhelmingly dominated condo sales since March of 2009.

Orlando homebuyers purchased 178 duplexes, town homes, and villas in July 2011, which is a 28.51 percent decrease from July 2010, when 249 of these alternative housing types were purchased. Most sales (30) were between $100,000 and $120,000. 

MSA Numbers

Sales of existing homes within the entire Orlando MSA (Lake, Orange, Osceola, and Seminole counties) in July were down by 9.42 percent when compared to July of 2010. Throughout the MSA, 2,673 homes were sold in July 2011 compared with 2,951 in July 2010. To date, sales in the MSA are down 1.46 percent.

Each individual county’s monthly sales comparisons are as follows:

Lake: 13.59 percent above July 2010 (351 homes sold in July 2011 compared to 309 in July 2010);
Orange: 17.65 percent below July 2010 (1,320 homes sold in July 2011 compared to 1,603 in July 2010);
Osceola: 9.58 percent below July 2010 (472 homes sold in July 2011 compared to 522 in July 2010); and
Seminole: 2.51 percent above July 2010 (530 sold in July 2011 compared to 517 in July 2010).

For detailed statistical reports, please visit www.orlrealtor.com and click on “Housing Statistics” on the top menu bar. This representation is based in whole or in part on data supplied by the Orlando Regional REALTOR® Association and the My Florida Regional Multiple Listing Service. Neither the association nor MFRMLS guarantees or is in any way responsible for its accuracy. Data maintained by the association or MFRMLS may not reflect all real estate activity in the market. Due to late closings, an adjustment is necessary to record those closings posted after our reporting date.

ORRA REALTOR® sales, referred to as the core market, represent all sales by members of the Orlando Regional REALTOR® Association, not necessarily those sales strictly in Orange and Seminole counties. Note that statistics released each month may be revised in the future as new data is received.

Orlando MSA numbers reflect sales of homes located in Orange, Seminole, Osceola, and Lake counties by members of any REALTOR® association, not just members of ORRA.

Fannie Mae, the mortgage-finance company under government conservatorship, reported a $2.9 billion second-quarter loss on Friday and said it would seek $5.1 billion in Treasury Department aid to balance its books. Fannie Mae requested the money to eliminate a net worth deficit of $5.1 billion for the three-month period that ended June 30, according to a Securities and Exchange Commission filing by the company, which is based in Washington. The loss, which compares with a $1.2 billion loss a year earlier, was mostly a result of credit-related expenses on home loans made before the 2008 financial collapse. Fannie Mae also made a $2.3 billion payment to the Treasury in the second quarter. As of the second quarter, Fannie Mae has drawn $104.8 billion in Treasury aid and paid $14.7 billion in dividends, the company reported. Fannie Mae and Freddie Mac together have drawn about $170 billion in taxpayer aid.

A version of this brief appeared in print on August 6, 2011, on page B2 of the New York edition with the headline: Fannie Mae Seeks More Help as Its Loss Grows.

Matthew Stamer, CDPE