Orlando is most visited tourist destination in the US with 62 million visitors per year which is a record for the travel industry . Tourism is creating jobs and boosting the local economy to unprecedented levels. It is a significant achievement for Orlando and the US travel industry that generates $2.1 trillion for the US economy each year.
Foreclosures continue to remain very low and in First Quarter 2016 found that 94.9 percent of mortgages in the report were current and performing at the end of the quarter – a higher percentage year-to-year. Most of the sales have shifted towards new construction and resale homes. Homes in nicer locations with a modern feel/upgrades are selling at higher price per sq footage. Orlando/Central Florida continues to remain a major center of growth attracting investments in the hospitality industry with more than $1 Billion in development planned through 2017
Please find the most recent data for Orlando Real Estate.
1 – Bank Owned Property in Windsor Hills. Windsor Hills is ranked top 5 in vacation resorts in Central Florida.
2 – Golf Front Bank Owned Condo in Prestigious Reunion Resort:
3 – Bank Owned / Auction Property in Reserve at Lake Butler Sound. Lake Butler Sound is a prestigious residential neighborhood.
4 – Bank owned property in prestigious Vizcaya Community in Dr Phillips.
5 – Brand New Vacation Home approx 15 min to Disney. $421,655. Total of $20,000 incentives on this home to use as combination, closing costs and option discounts. 6 Bedroom and 5.5 Bathrooms, 3032 SqFt. Excellent for short term rental to Disney Vacationers.
6 – Vacant Lot in Clermont Florida. Total acreage is 3.51 acres. 3.23 acres of uplands to build a home. Gated community. Cul De sac location. 69,000 Dollars