Central Florida Real Estate Recap of October 2023

Central Florida Real Estate Recap of October 2023

New Orlando Regional REALTOR® Association data shows inventory spikes as interest rates reach new heights.

October 2023 Recap

State of the Market

• October’s interest rate was recorded at 7.8%, up from 7.3% in September. This is the highest interest rate in the Orlando area since April 2001.
• Inventory for October was recorded at 7,813, up 15.6% from September when inventory was recorded at 6,758. This is the seventh month in a row inventory has risen and the largest monthly percentage increase in 2023 so far.
• Overall sales fell 5.0% from September to October. There were 2,429 sales in October, down from 2,558 sales in September. This is the fifth month…

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Best Places to Live in Orlando for Families

Best Places to Live in Orlando for Families

While Central Florida is very well-known for its world-famous theme parks, you might be wondering, "Is Orlando a good place to raise a family?" This question often crosses the minds of parents looking to find the perfect place to call home in Florida. Fortunately, Orlando offers a wide range of neighborhoods, each with its unique charm and family-friendly amenities. Let's explore the best places to live in Orlando for families, shedding light on what makes each neighborhood special and why it's an excellent choice for families. From scenic lakeside communities to modern, innovative hubs, Orlando has something to offer every family.

Clermont: A Hidden Gem Near Orlando

Clermont is a hidden gem in…

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Central Florida Real Estate Recap of September 2023

Central Florida Real Estate Recap of September 2023

New Orlando Regional REALTOR® Association data shows rates reach highest level in over 20 years, contributing to market slowdown this fall.

September 2023 Recap

State of the Market

• September’s interest rate was recorded at 7.3%, up from 6.6% in August. This is the highest interest rate since March 2002.
• Inventory for September was recorded at 6,758, up 10.5% from August when inventory was recorded at 6,115. This is the sixth month in a row inventory has risen.
• Overall sales fell 8.4% from August to September. There were 2,558 sales in September, down from 2,792 sales in August. This is the fourth month in a row that home sales have fallen.
• The…

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The Real Estate Landscape Near Disney: Trends and Insights

The Real Estate Landscape Near Disney: Trends and Insights

The allure of living near iconic locations like Disney World is undeniable. The very idea of waking up to the enchantment of Disney's magic, mere moments from world-class theme parks and a host of amenities, exudes an irresistible charm. In this comprehensive exploration, readers will venture into the realm of real estate near Disney World. This journey will encompass an examination of current market trends, a glimpse into future forecasts, and an uncovering of the unique selling points that define the surrounding cities. For those with dreams of making Disney a part of their daily life, this exploration also includes invaluable tips tailored to potential buyers, ensuring they navigate this…

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Here's How Much It Costs to Live Comfortably in Orlando

Here's How Much It Costs to Live Comfortably in Orlando

Orlando, Florida, is often associated with its world-renowned theme parks and tourist attractions that draw millions of visitors each year. However, beyond the enchanting realms of Disney World and Universal Studios, Orlando holds a unique charm that beckons many to call it home. The city boasts a vibrant culture, diverse communities, and a thriving economy, making it an appealing destination for those seeking more than just a vacation.

If you're considering making Orlando your home, it's crucial to understand the cost of living and how much it takes to live comfortably in this sunny Central Florida city. What one person considers comfortable can differ significantly from another's…

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Central Florida Real Estate Recap of August 2023

Central Florida Real Estate Recap of August 2023

New Orlando Regional REALTOR® Association data shows market continues to cool as fall season approaches

August 2023 Recap

State of the Market

• Inventory for August was recorded at 6,115, up 6.9% from July when inventory was recorded at 5,720.
• New listings rose 6.1% from July to August, with 3,620 new homes on the market in August, compared to 3,413 in July.
• The median home price for August was recorded at $375,000, down from $380,000 in July. This is the second month in a row that median home price has fallen.
• Median home price in August 2023 was extremely close to August 2022, when it was recorded at $377,750.
• Overall sales fell slightly – 2.1% – from…

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10 Best Resort Homes & Villas to Own Near Disney World

10 Best Resort Homes & Villas to Own Near Disney World

Disney World stands as one of the most cherished and popular vacation destinations globally, enchanting visitors of all ages with its magical allure. Beyond its captivating attractions and immersive experiences, there's a hidden gem that calls to those seeking a blend of luxury, convenience, and a touch of enchantment: resort homes and villas near Disney World. Let's dive into the allure of these resort properties, highlighting their advantages, factors to consider when buying, and a curated list of the ten best ones to consider.

Imagine waking up within a few miles of Magic Kingdom or enjoying fun in the sun oasis just moments away from popular Disney parks. The allure of owning a resort…

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Central Florida Real Estate Recap of July 2023

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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225-Acre Everest Place Development Planned At 192 & 429 Intersection

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.

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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 2026

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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