Inventory, price stabilize; market regaining equilibrium

(May 10, 2007 – Orlando, FL ORRA magazine) The Orlando housing market appears to be seeking a middle ground between buyers and sellers as the pace of newly added inventory dropped in April and the median price increased just a fraction. After dropping from $255,000 in February to $240,000 in March, the median price in April rose to $241,000. This median price is down 3.11 percent when compared to April 2006, which indicates a correction from the median price spike resulting from the red-hot market of 2005.
ORRA President Randy Martin, GRI, RE/MAX 200, says market conditions are clearly favoring buyers. “It’s a good time to buy, in part because homebuyers are not pressured to make quick decisions. We are in a window of low interest rates with a plentiful supply of homes on the market. Buyers also now have more power to negotiate with sellers for help on downpayment or closing costs.”

Ex Century 21 Owner named Director of Business Development for Amerivest Realty

Naples, Florida
Amerivest Realty is pleased to announce that David Cole has been named Director of Business Development.David comes to Amerivest Realty after serving for 13 years as Broker/VP of Operations of a 6 office, 230 agent brokerage. "David possesses the experience and talent that Amerivest Realty required in order to continue the strong growth we have been experiencing" said Joe Ballarino, Founder & President.When asked why he chose Amerivest Realty for the next step in his career, David responded "Amerivest Realty has the most advanced technology services in our market place. The leadership at Amerivest Realty also knows that a successful business must continually strive to improve their products and services and Amerivest Realty has done that year after year".David started his real estate career in 1983, orginally from Norman, Oklahoma. He moved to Southwest Florida in 1988, working with Re/Max Realty Group as a sales associate, then opened his own Century 21 franchise serving as a Broker/Owner, before spending the last 13 years with VIP Realty Group. He also served as President of the Realtor Association of Greater Ft. Myers and the Beach."David's vast experience will not only help us in Southwest Florida, but in increasing our franchises throughout Florida and the rest of the country in the coming years" - Joe Ballarino. --Posted By Amerivest Realty to Naples Florida Real Estate Blog at 5/02/2007 05:41:00 PM