Real Estate Market Report - Orlando, FL (Jan, 2024)
Current Market Condition 6,421 Active Listings 4,904 Pending Listings $354,930 Median List Price View Properties for Sale Find Out Your Home Value The median sale price for homes shows a steady increase from January ($359,900) to March ($395,000), with a slight dip in July ($384,900) and August ($375,000), before increasing again in September ($399,900). The median list price for homes also shows a steady increase from January ($350,000) to June ($387,500), with a slight dip in August ($374,280) and September ($370,000), before increasing again in October ($384,000) and December ($374,000). Median Sale/List Price List Price Sale Price The median sale price per square foot shows a steady increase from January to October 2023, with a peak in December 2023 at $245.632 per square foot. The largest increase occurred between May and June, with a jump from $238.088 to $239.76. Median Sale Price per Square Foot The median sale price to list price ratio shows a steady increase from January to May 2023, with a plateau from June to August, followed by a slight decline in the last few months of the year. Overall, the ratio is higher than 0.98 for most of the year, indicating that properties are being sold close to or above their listed prices. Median Sale Price to List Price Ratio The data shows a consistent increase in the number of properties sold/listed from January to June, with June having the highest count of 1328. However, there was a decline in the following months with December having the lowest count of 911. The number of properties listed for sale also follows a similar pattern with May having the highest count of 1145. Properties Sold/Listed Properties Listed Properties Sold The median days on market for properties decreased steadily throughout the year, going from 33 days in January and February to 12 days in June, before gradually increasing again to 26 days in December. The lowest median days on market was in May, with only 14 days, indicating a hot housing market. Median Days on Market
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Family Havens: The Top 5 Orlando Neighborhoods for Growing Families
Family Havens: The Top 5 Orlando Neighborhoods for Growing Families Orlando, known for its sunny skies and warm community spirit, is increasingly becoming a haven for families. In this blog, we'll uncover the top five neighborhoods that are attracting families with their excellent schools, safe environments, and vibrant community life. Whether you’re looking for a peaceful suburb or an area brimming with activities, Orlando has something for every family. 1. Baldwin Park Baldwin Park, a master-planned community, is a family favorite for its pedestrian-friendly streets and top-rated schools. The neighborhood boasts an array of parks, community centers, and events that foster a strong sense of community. Its real estate market includes a mix of single-family homes and townhouses, appealing to diverse family needs. 2. Dr. Phillips Nestled close to the city's famous theme parks, Dr. Phillips is not just about entertainment; it's also known for its excellent school district. The area offers a variety of housing options, from luxury estates to comfortable family homes, making it a top choice for families looking for convenience and quality education. 3. Lake Nona Lake Nona is a futuristic neighborhood known for its emphasis on technology, health, and sustainability. It's perfect for families who value a modern lifestyle, with state-of-the-art educational facilities, numerous parks, and a community-oriented atmosphere. The housing market here is diverse, with options ranging from stylish apartments to spacious single-family homes. 4. Winter Garden Winter Garden is a blend of historic charm and modern conveniences. Its downtown area is a hub of family activities, from farmers' markets to cultural events. The neighborhood is also known for its excellent schools and community sports programs, making it a great place for families to grow and thrive. 5. Windermere Windermere is synonymous with luxury and tranquility. This upscale neighborhood offers spacious homes, many with lakefront views, and a peaceful environment ideal for families. It's also close to top-rated schools and has a tight-knit community feel, making it a sought-after location for those who value privacy and exclusivity. Orlando's diverse neighborhoods offer a variety of lifestyles suitable for families. From the modern and tech-savvy Lake Nona to the historic and community-focused Winter Garden, there's a perfect spot for every family looking to call Orlando home. Remember: When considering a move to any of these neighborhoods, it’s essential to think about your family’s specific needs and lifestyle preferences to find the perfect match.
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