There are definite signs of an improving Orlando Real Estate Market. The market in Orlando is no longer hobbled and in need of resuscitation. We are seeing signs of pre-recession movement and demand. One sign is the return of multiple offers on properties. This is helping to drive prices up. The CoreLogic Case-Shiller Home Price Index indicated that nationwide home prices rose by 7.3% in 2012 and anticipates a further rise at an annualized rate of 3.9% over the next five years.
A second sign is reduced inventory. A rough estimate shows that inventory in Orlando has decreased from approximately 35,000 to 7,000 homes. And yet a third sign is the resurgence of lotteries. These lotteries do not award a prize but instead afford you the opportunity to purchase a home. Recently, Meritage Homes conducted its lottery for the sale of lots in exclusive Parkside community in Dr Phillips, FL.
Parkside community is located in the desirable Dr Phillips community just a few short miles away from Disney, Universal Studios, Sea World and many attractions. It is one of Orlando’s coveted neighborhoods that has outstanding schools, top-class restaurants and multiple facilities. If golf is your speciality, it’s just a stone’s throw away from well-known golf courses including Bay Hill Golf and Country Club. Parkside’s Grand Opening is tentatively scheduled for June 15th at which time more lots will be released for purchase.
The Orlando housing market is on an upward swing so DON’T MISS OUT on your opportunity to purchase the home of your dreams! Act now!