The City Beautiful, Orlando, has
always been the place to go with kids for a Theme Park adventure. From all
those Kingdoms of Legoland to The Cindrella Castle at
Magic Kingdom, Orlando has delivered thousands of smiles to Americans. But now
Orlando has something more to offer – an opportunity to
own a house!
After seeing a lot of see saw in
the recent years, the Real Estate market in Orlando has found the perfect
balance between Buyers and Sellers. According to Trulia, the real estate site, the median sales price for homes in Orlando FL from Aug 14 to Nov 14 was
$165,000. This represents a decline of 4.9%, or $8,485, compared to the prior
quarter, making it the best time to buy a house in Orlando.
At the same time, Zillow predicts
this will rise 5.3% within the next year. The average sales prices have
appreciated 33.7% over the last 5 years. So if you are looking just to invest
or to buy your first home, Orlando real estate has a lot to offer this season.
Combine this with the rising employment opportunities due to upcoming
Interstate 4 overhaul project, and it becomes a perfect setting for you to have
your first home.
Seasons also play an important
role when looking to buy a house. And what could be a better time than the
Christmas Season! Home prices are at a 12-month low at this
time. Moreover, if a person has their home on the market over Christmas, that person is definitely serious about negotiating and
selling that home. You can bet on that.
Most importantly,
Americans are
most generous during this time of the year. One may receive a reduced price because
maybe the seller's wife says
"Hey honey, it's Christmas." Alas, this is a great season for Central
Florida real estate, so avoid the lines at the retailers and start
looking for your next house.
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