Orlando Real Estate Runs The Gamut || 2009

From homes like John Travolta's incredible, multi-million "pad" with its own runway outside the front door (no joke), to the condo hotels and vacation rentals you'll find all over Disney's Kissimmee. It's true to say that there is something for everyone in Orlando - and at every price point.

There are currently about 22,500 homes listed on the Orlando / central Florida MLS. This represents a couple of years of supply, hence a very strong buyer's market at present. With the record number of foreclosures, we are currently seeing deals unlike anything ever seen before. We haven't just rolled back to 2005 pricing, or where the prices would have been without the bubble - we're talking about 3/2 Orlando condos going for $40K - in good condition and all the upgrades - homes that have recent sales in the $250's.

For those that have been waiting on the sidelines, there's no doubt that now is a great time to get back into the game. No one knows if we're at true bottom or not - but with prices this low it doesn't matter anymore. The issue right now of course, it not price but lending. Cash buyers are stealing all the best deals because those that thought they could get a loan "no problem" are finding themselves sorely mistaken. And until the banks start lending on condo conversions again, we're going to see even more great deals throughout 2009.

Check out our Top 10 Orlando Real Estate Deals brought to you by Marcus Burke.

Marcus Burke is an Orlando Real Estate Broker with Orlando Real Estate Pros and Condo Metropolis. He is the official concierge of the Top 10 Orlando Real Estate Deals.