ORLANDO median home prices climbed 24% in 2013, as short sales dropped 33% and foreclosures dropped 11%. Normal sales went up 42% as the Central Florida housing market rebounds better than any other large city in Florida. Overall, home prices are on the rise which is good news for our economy.
Inventory is up by about 25% giving the 2014 homebuyer many more homes to choose from, and a variety of communities. Florida real estate has always been in demand due to the balmy climate and absence of snow so the perfect weather is a big draw.
Orlando’s median home prices of about $150,000 will buy a good town home, condo or villa. Single family homes are priced higher and value varies based on the city, size, year built and location. There are 4 main counties in Central Florida; Lake, Orange, Seminole and Osceola with each increasing in home demand and sales; here are some quick facts:
Lake County is west of the city of Orlando and home to more than 1200 lakes.
Orange County is the most centrally located with Down town Orlando
Seminole County is on the east side of town with larger lots and more open space.
Osceola County is known for investor properties and short term vacation rentals. Whatever your housing needs, Orlando has it all…
If you are thinking of buying a home in Central Florida, please make sure that you contact an Exclusive Buyers Agent so that your best interests are protected.