Jilian Rice Realty, 241 S Westmonte Drive Suite 1040, Altamonte Springs, FL (2026)

05/27/2023

Congratulations to my buyer MY HUSBAND for purchasing OUR FIRST HOME! I am beyond proud of your hard work and dedication to accomplishing a goal we set for ourselves almost 9 years ago! We now have a home to call our own and to be able to watch our little boy make childhood memories in. With sacrifice and perseverance it can only go up from here. With everything new always comes challenges and when it’s time to face them we will handle it like we’ve always done.

Thank you for making our dreams come true! ❤️

04/22/2023

Buyer under contract in 24 hours on a new construction!

12/19/2022

What’s the market looking like in Orlando Florida?

• median sale price is down 5k from the previous month
• closed sales is down 26.5% from October. This is the lowest closed sales that we have seen in the last 4 years.
• interest rates sit at 6.6% which is a decrease from Octobers interest rate at 7.0%.
• currently have 3.61 months of supply

According to Tansey Soderstrom, Orlando Regional REALTOR® Association President, “While there is a lot of uncertainty with where the housing market is headed, buyers in the Orlando area have twice as many homes to consider than they did a year ago, and for sellers, home values and prices continue to remain steady.” Based on the statistics we can conclude we are seeing a shift towards a buyers market which means more negotiation power on the buyers in, more time to decide on a home, and less bidding wars. If you are considering listing your home we can still find yourself in a good position with setting realistic expectations. As of November the average days on market is 43 and the average days to sale is 77.

If you would like to know more send me a message!

11/22/2022

Here is your month to month market update for October 2022!

Median home prices are staying consistent from September but previously we saw three consecutive months of decreases.

For closed sales we saw 1 sale change from September.

Inventory increased by 3.5%. Looking at a year to year change Oct. 2022 109.3% higher then in Oct. 2021.

We are at 2.62 months of inventory which is a 3.6% increase.

New listings decreases by 8.3%.

Average home price reflects a 4.0% increase from September.

Interest rates sit at 7% which is a 10% increase from September. The last time Interests rates were this high in Orlando was in May of 2002. While this may sound discouraging remember to marry the home and shop the rate! You can always refinance or buy down the rate!

11/11/2022

Happy Veterans Day to all the brave men and women!

Did you know VA loans offer military personnel and vets a chance to buy a home with 0% down? If you are wanting to buy or sell a home contact me to help you navigate you through the process!

Thank you for your service! ❤️

11/09/2022

Have you been curious what the buying process looks like?

Step 1 - call me to help inform you along your home buying journey and have professional by your side!

Step 2 - during our buyer consultation we will get to know each other better and what your time frame and goals are to ensure we find you the right home.

Step 3 and 4 - here is where you work with a trusted lender to see what you qualify for so we can narrow down our searches and make sure we are looking in the right price range.

Step 5 - this is when the fun begins! I will send you active listings on the mls and which ever peaks your interest we will set up a time to go view the home!

Step 6 - you found a home you adore so now it’s time to make a competitive offer and negotiate!

Step 7 - once your offer is accepted it’s time to order an appraisal and inspection!

Step 8 - if all went well during step 7 it’s time to do a final walk through of the home and make sure everyone has done their due diligence.

Step 9 - time to enjoy your new home!

11/09/2022

Looking to buy or sell a home?

Let’s connect! ⬇️

https://www.flowcode.com/page/jilianricerealty

10/27/2022

Is todays housing market like the market in 2008?

Let’s take a look at inventory, lending standards, and foreclosures.

We have been seeing supply increases since the beginning of the year but inventory is still low in the United States which sits at 3.2 months supply. In 2008, there was a surplus of homes on the market which caused home prices to see a drastic decrease. As you can see below in the graph in 2008 inventory was at a 10.4 months supply!

Secondly, lending standards are much more stricter today then they were before. Due to such relaxed lending standards, it caused more people to foreclose on their home and default which lead to the home price decreasing at a drastic rate. Did you know leading up to 2006 banks were creating artificial demand to make it easier to qualify or refinance? According to the MCAI graph, index fell by 5.4%. The lower the number = tighter lending standards.

Another factor that affected the 2008 crash was the mass of foreclosures. Due to the stricter lending standards it is less likely for a buyer to be qualified for a loan that they will default on and potentially lead to a foreclosure. 14 years ago many people owed more then what their homes were actually worth. According to CoreLogic: “The total average equity per borrower has now reached almost $300,000, the highest in the data series.” Now we are seeing more people with equity on their homes due to appreciation. You are able to leverage your equity and sell your home rather then forcing a foreclose.

While we are seeing a shift in the market and with change always comes challenges according to the statistics it is unlikely history is going to repeat itself.

10/22/2022

📱📞 Phone interviews for Orange County residents who have already pre-registered for the Disaster Supplemental Nutrition Assistance Program (D-SNAP) will begin on October 20, 2022. Phone lines are open from 7 a.m. to 5 p.m. Residents can begin calling on the date that matches their last name.

✅ A-F: Call on Thursday, October 20
✅ G-N: Call on Friday, October 21
✅ O-Z: Call on Saturday, October 22
✅ Any last name: Call on Sunday, October 23
👉 888-348-0408 or 855-278-7136

There is still time to pre-register! Visit myflfamilies.com/dsnap for more information.
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📱📞 El 20 de octubre de 2022 comenzarán las entrevistas telefónicas para los residentes del Condado de Orange que ya se hayan preinscrito en el Programa de Asistencia de Nutrición Complementaria por Desastres (D-SNAP, por sus siglas en inglés). Las líneas telefónicas estarán abiertas de 7 a. m. a 5 p. m. Los residentes pueden comenzar a llamar en la fecha que coincida con la primera letra de su apellido.

✅ A-F: llamar el jueves 20 de octubre
✅ G-N: llamar el viernes 21 de octubre
✅ O-Z: llamar el sábado 22 de octubre
✅ Cualquier apellido: llame el domingo 23 de octubre
👉 888-348-0408 o 855-278-7136

¡Todavía hay tiempo para preinscribirse! Visite myflfamilies.com/dsnap para obtener más información.

10/20/2022

🚨Monthly Market Update ‼️

• median home price for September 2022 is $365k. This shows a decrease of 3.4% compared to last month. This is the 3rd month in a ROW that median home prices have decreased.
• inventory in September rose 1.8%. This reflects a steady 5 months of inventory increases.
• days on market are currently 31 days which is a 14.8% change when comparing last months of 27 days on market.
• the average home price of September 2022 is currently sitting at $418,768. This shows a 3.6% decrease in average home price.
• average mortgage rate in Orlando fl is 6.32%.

“We are starting to feel the impacts of rising interest rates on the Orlando housing market as they have more than doubled over the past 12 months,” said Tansey Soderstrom, Orlando Regional REALTOR® Association President. “Rising interest rates are causing buyers to be more cautious, resulting in fewer Orlando home sales for the month of September. This cooling off in sales does have an upside for buyers, as they now have the luxury of being more patient when looking for a home.”

Buyers - if you tried to buy during the pandemic buyer frenzy and kept getting out bid in bidding wars, contingencies being waived, offering thousands over listinging price, over appraisals, utilizing escalation clauses, etc.. now may be your opportunity to start looking for your dream home! It is still a sellers market but not you have more room for negotiations.

Sellers - our current inventory is 2.53 months supply so don’t fret because it’s still a good time to sell and there are still qualified buyers. According to rocket homes, “Homes in Orlando have sold for 8.9% more than they did a year ago.” On a month to month bases in may seem intimidating for a seller but if you look at a wider scope from year to year it is still beneficial for a seller to list their home in todays market.

Buyers market = 6 months + supply
Sellers market = 3 months - supply
Neutral market = 3-6 months supply

10/18/2022

Are you curious on what's going on in YOUR real estate market?
Click the link to find out more about listings in your area, free mortgage calculator, and trends in YOUR surrounding location!

link: https://bit.ly/3f8ZgsJ

10/08/2022

Here is what $240,000 will get you in Apopka, fl!

Jilian Rice Realty

05/27/2023

04/22/2023

12/19/2022

11/22/2022

11/11/2022

11/09/2022

11/09/2022

10/27/2022

10/22/2022

10/20/2022

10/18/2022

10/08/2022

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