Central Florida Real Estate Recap of July 2023

New Orlando Regional REALTOR® Association data shows interest rates reach second-highest level in 20 years, impacting Orlando’s housing market

July 2023 Recap

State of the Market

  • July’s interest rate was recorded at 6.8%, up slightly from 6.7% in June. This is the second-highest interest rate in Central Florida in 20 years. October 2022 had the highest interest rate in 20 years at 7.0%
    • In ORRA’s new survey of Orlando REALTORS, 43% of respondents said that rising interest rates are the biggest challenge facing buyers, causing some buyers to wait out purchasing homes right now or look at lower price points.
  • Overall sales fell 8.7% from June to July. There…

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Finding the Best Area for Airbnb Near Disney World: Maximizing Your Rental Investment

If you're seeking to maximize your investment potential in the ever-popular vacation rental market, few places hold as much promise as the areas surrounding Disney World in Orlando, Florida. Boasting a magical combination of enchanting attractions, world-renowned theme parks, and a constant influx of tourists, this region presents a golden opportunity for savvy Airbnb investors. To ensure your investment yields optimal returns, strategic location selection is paramount. Let's dive into the best area for an Airbnb near Disney World and help you maximize your rental investment in Central Florida's booming real estate market.

What to Consider When Exploring Areas…

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Horizon West News & Info

225-Acre Everest Place Development Planned At 192 & 429 Intersection With Condos, Hotels, Retail, & Waterpark

A new 225-acre development is under construction at the southwest intersection of 192 and 429. The new Everest Place development plans to commercial space, medical building, multi-family apartments, condos, hotels, and a waterpark.

Committed to the project are Nickelodeon Hotels & Resorts, Mysk Hotel, and Shaza Hotel. The Mysk and Shaza hotel brands are 5-star hotels with contemporary-luxury spaces. The hotel group currently has hotels in operation or development in Bahrain, Oman, Qatar, Saudi Arabia, and Jordan. All of their hotel properties are alcohol-free and only serve halal food.

Everest Place Orlando…

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10 Most Affordable Places to Live Near Disney World in 2026

10 Most Affordable Places to Live Near Disney World in 2023

When it comes to finding affordable places to live near Disney World, there are several areas nearby that offer attractive price ranges. Living near Disney offers a magical and enchanting experience that is truly one-of-a-kind. The proximity to Disney parks provides an abundance of excitement, entertainment, and endless possibilities for creating cherished memories. From thrilling rides to captivating shows, residents can immerse themselves in the wonder and fantasy that Disney offers millions of guests each year.

Beyond these popular theme parks, the surrounding areas near Disney boast a vibrant and family-friendly atmosphere, with numerous recreational activities, excellent schools,…

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Central Florida Real Estate Recap of June 2023

New Orlando Regional REALTOR® Association data shows the highest median home price this year as an uptick in inventory hits the summer market

June 2023 Recap

State of the Market

  • The median home price for June was recorded at $385,000, up from $378,000 in May. Median home prices have increased every month this year.
  • Median home price in June 2023 was close to June 2022, when it was recorded at $387,000.
  • New listings rose 7.1% from May to June, with 3,703 new homes on the market in June, compared to 3,459 in May.
  • Homes spent an average of 41 days on the market (DOM) in June, down from 45 days in May. This is 105.0% higher than June 2022 when homes spent an…

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Announcing the Winner of our Save the Everglades Scholarship!

At Florida Realty Marketplace we not only specialize in helping people buy and sell homes, but we're also strong advocates for environmental preservation. As part of our commitment to protecting the unique ecosystem of the Florida Everglades, we established the Save the Everglades Scholarship, a $500 award for students in the Science or Legal field. Today, we are excited to announce the winner of our scholarship award, Chelle Servais! 

Meet our Scholarship Winner: Chelle Servais

Chelle is a Bay Area native who is gearing up for her first year at UC Berkeley, where she will be pursuing Environmental Science. Her passion for environmental preservation and conservation is…

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5 Beautiful Resort-Style Communities in Orlando, Florida

 

Welcome to the enchanting world of resort-style living in Orlando, Florida! Nestled in the heart of the Sunshine State, Orlando's resort-style communities offer an unparalleled experience for both residents and vacationers alike. Immerse yourself in a magical realm where convenience meets luxury as you enjoy proximity to world-renowned attractions, a plethora of amenities, and a vibrant community atmosphere. Whether you're seeking a permanent residence or a temporary getaway, living or vacationing in an Orlando resort-style community is sure to transport you to a realm of relaxation, entertainment, and unforgettable memories.

Perks of Resort-Style Communities Near Disney World

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Top 5 Suburbs of Orlando for Families to Live in 2023

top 5 suburbs of orlando for families to live in in 2023

Are you searching for the perfect place to raise a family in the vibrant city of Orlando? Look no further! The Orlando suburbs offer an array of family-friendly communities, and we've handpicked the top five for you. Davenport, Celebration, Kissimmee, Windermere, and Winter Garden are suburbs that cater to the needs and goals of families looking to buy a home. With excellent schools, safe neighborhoods, abundant recreational activities, and a strong sense of community, these suburbs provide an exceptional environment for your family to thrive. Whether you're seeking affordability, prestigious living, proximity to world-class attractions, or a combination of these, these top five suburbs have it…

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Complete Guide to Owning an AirBnB Near Disney World

Complete Guide to Owning an AirBnB Near Disney World

Welcome to the ultimate guide for Airbnb owners near the enchanting realm of Walt Disney World! If you've ever dreamed of providing a magical experience for guests visiting the happiest place on Earth, you're in the right place. This guide is brimming with tips, tricks, and insights to help you create an unforgettable stay, sprinkled with pixie dust and filled with smiles. From proximity to the parks to whimsical decor ideas, we've got you covered. So, grab your Mickey ears, fasten your seatbelt, and let the adventure begin!

Orlando, Florida, and Neighborhoods Near Disney World

Orlando is a renowned tourist destination known for its theme parks, including Walt Disney World Resort, Universal…

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Central Florida Real Estate Recap of May 2023

New Orlando Regional REALTOR® Association data shows rise in sales and median home price as summer selling season heats up

May 2023 Recap

State of the Market

  • Overall sales rose 13.9% from April to May. There were 3,150 sales in May, up from 2,766 sales in April.
  • Overall sales in May 2023 were 20.2% lower than May 2022 when there were 3,946 sales.
  • The median home price for May was recorded at $378,000, up from $370,000 in April. This is a $28,000 increase since January. Median home prices have increased every month this year.
  • Median home price in May 2023 was roughly the same as May 2022, when it was recorded at $379,950.
  • May’s interest rate was recorded at…

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