Please find the most recent Real Estate data in regards to the market in Central Florida below. Combination of low inventory of available properties for sale and low interest rate are driving the price of properties up. Very few properties are available for sale in desirable areas. There are still a few Bank owned properties to purchase in market but inventory is very limited.
Windermere is experiencing a solid growth with increase in construction by major builders. The prices are still very reasonable for new construction and builders offer excellent properties with beautiful upgrades. The rental rate is also high due to the popularity of the Windermere area among families looking for good schools. There are currently 32 communities in the process of being built or completed in Horizon West / Windermere area.
Three new retail complexes are set to break ground which includes major chain stores and new luxury movie theater Windermere area. This tenant will be part of a lifestyle center with several waterfront restaurants, an expansive boardwalk, publicly accessible lakefront parks and outdoor event venues. The theater could open by Christmas 2016.
“Our goal at Hamlin is to engage our community by providing great experiences along our main streets, our lakefront boardwalks and parks, and various amenities throughout the town center,” said Boyd Development President . “Once completed, Hamlin will feature over 1 million square feet of retail, restaurant and office space surrounded by a number of single-family as well as multi-family residential communities. Our desire is for Hamlin to become one of Central Florida’s favorite destinations to dine, shop and relax.”