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Old 05-27-2016, 01:17 PM
 
66 posts, read 78,853 times
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Is it just my impression or is the Orlando Real estate market extremely hot this summer season. Can anyone tell me why? Houses listed for sale are by agents and FSBO who are asking obscene prices per square footage. Don't tell me because we are adjusting to 2006 pre bubble values. These listings are not even in excellent school districts either in Seminole or Winter Park.
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Old 05-27-2016, 01:50 PM
 
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The market is actually not so hot now, but prices are still stable and high. Could be a temporary rest in the market or a sign of a correction coming soon.
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Old 05-27-2016, 02:35 PM
 
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Thumbs down RE: New construction

Thanks for the insight but it wouldn't appear that way if you were in the market for a home under $350k with a pool and located inside a descent school
district. One can't even touch new construction homes with that price range either.
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Old 05-27-2016, 03:34 PM
 
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Why do you say it's not hot? We are being relocated as soon as our IL home sells and wondering should we just rent till prices come back down?
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Old 05-27-2016, 04:02 PM
 
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It's a very hot sellers market right now. Prices are increasing quickly but most areas still not at prices they were before the crash. Homes priced right in good neighborhoods are getting multiple offers. The inventory is so low for the number of buyers on the market that the prices continue to rise.
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Old 05-27-2016, 05:42 PM
 
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The market is definitely hot in desirable areas
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Old 05-27-2016, 06:05 PM
 
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Quote:
Originally Posted by lamigra001 View Post
Thanks for the insight but it wouldn't appear that way if you were in the market for a home under $350k with a pool and located inside a descent school
district. One can't even touch new construction homes with that price range either.
Price doesn't mean it is a hot market, when prices are high, but days on market are becoming longer those are signs of a coming correction. The market in Orlando for cheaper houses are still doing well, but more expensive ones aren't what I consider hot. The market even for cheaper homes is still good, but I wouldn't call them hot besides a few select areas.

I've been actively looking for investment properties, so I've been doing a lot of home tours and monitoring homes in general.
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Old 05-27-2016, 09:32 PM
 
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Sounds like 325,000 and above...should probably wait till correction ?
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Old 05-27-2016, 09:35 PM
 
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Cool RE: Hot areas

Can someone in the know indicate where the up and coming hot areas in Orlando are? Specifically what school zones are preferred ? There are a lot of conflicting info on which Locations are the hot markets.
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Old 05-28-2016, 07:38 AM
 
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Quote:
Originally Posted by lamigra001 View Post
Can someone in the know indicate where the up and coming hot areas in Orlando are? Specifically what school zones are preferred ? There are a lot of conflicting info on which Locations are the hot markets.
I would venture to say the "A" rated school districts in more established areas that have been overlooked in favor of new construction. Sanford is among that group, especially in the zone for Goldsboro Elementary/Sanford Middle School/Seminole High School which are A+ rated and among the most in-demand within Seminole County. The Sanford Historic District (and surrounding neighborhoods) is red hot right now and has been for awhile with a shift over the past couple of years from investor purchases to nearly 100% owner-occupied, especially on renovated or partially renovated properties. I think anyone who invests and does a quality flip job there now (versus cheesy builder grade choices) stands to profit nicely.
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