Orlando’s median home price jumped more than 10 percent in April when compared to April of last year while sales likewise saw an increase of more than 8 percent, reports the Orlando Regional REALTOR® Association. Inventory declined by nearly 11 percent compared to this time last year.
AV Homes is introducing a new tech solution to solve an old problem in real estate. "Buyers tend to buy what they can see," director of architecture Stephen Yerrakadu told GrowthSpotter. "If someone is looking at a piece of paper, it's not really tangible." This gives everyone the opportunity to look at this house, which has yet to be built, and to start visualizing what the experience is going to be like for the buyer and the potential homeowner.
Park Square Homes will launch a trio of new subdivisions on Polk County's U.S. 27 corridor this year, all designed to appeal to first-time home buyers. The Orlando-based home builder has already started clearing land for two communities. Goldenridge, near the intersection of Holly Hill Road and Davenport Boulevard, has 131 lots. Trinity Ridge, which has 62 lots, is closer to Walt Disney World and U.S. 192.
Orlando and Tampa top the list as the best markets for first-time buyers, with affordable homes and relatively more inventory than other markets. Also making the list are San Antonio, Atlanta, and Dallas. These markets are less competitive, and buyers will see strong growth over the next year as they begin to accumulate equity.