May Market Update

Hello Everyone,

As of this morning,  the number of Bank owned (Foreclosures) Single Family homes available for sale are down to 287 Properties (3 Bed 2 Baths and built after 1980).   The market continue to attract a large influx of Buyers seeking a primary residence .  Investors alike are still actively purchasing properties.  40% of purchases in market are Cash.   New Construction homes are available as well and they attract families seeking to upgrade their current home or move to a new area.   Buyers and Sellers are working on a fair market where properties are selling at market value which favors the signs of a healthy market.

Orlando is currently experiencing rapid growth and local economists are predicting 5% growth in jobs for the year 2015 due to many projects such as expansion of Lake Nona Medical City,  expansion of I-4 and several projects along International Drive.  International Drive is booming with projects like the I-Drive 360 retail and entertainment complex, Universal Orlando is adding a new hotel, and downtown Orlando is getting a new soccer stadium. The Dr. Phillips Center for the Performing Arts has added a new attraction to downtown, and companies like Deloitte and Verizon in Seminole County and Voxx International in Orange are adding higher-paying jobs to the area with new facilities.

Please find the most recent data stats for the Orlando Market.  Hope you find the information Helpful.  Thank you

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