Orlando April Market Update

The Orlando real estate market is continuing to show strength in April as the spring selling season is in full swing. With low inventory and high demand, the market continues to favor sellers, but buyers are still finding opportunities for success.According to the Orlando Regional REALTOR® Association, the median price of a home in Orlando in April was $300,000, an increase of 8.7% compared to April 2020. The number of homes sold in April 2021 was 3,935, down 13.4% from the same time last year. However, this decrease can largely be attributed to the low inventory of homes available for sale.Sellers in the Orlando market are still able to take advantage of the favorable conditions. With a tight inventory and high demand, homes are selling quickly and often for above asking price. However, sellers should still be cautious with their pricing strategy. While homes are selling quickly, pricing too high can still deter potential buyers and ultimately lead to a longer time on the market.For buyers, the Orlando market may be challenging, but opportunities are still available. With interest rates remaining low, buyers may be able to afford more than they initially thought. Additionally, working with a knowledgeable real estate agent who can help navigate the market and find off-market listings can increase a buyer's chances of success.One area of the market that is showing signs of increased activity is new construction. With a lack of existing homes on the market, buyers are turning to new construction as a viable option. Builders are also responding to the demand by ramping up construction, which may help alleviate some of the inventory concerns.Overall, the Orlando real estate market in April is showing continued strength and is expected to remain favorable for sellers. However, with low inventory and high demand, buyers will need to remain diligent in their search and be prepared to act quickly when the right opportunity arises.If you are considering buying or selling in the Orlando market, it is important to work with a real estate agent who can help you navigate the current conditions and achieve your goals. Contact us today to learn how we can help you succeed in the Orlando real estate market.
Welcome Home to this Beautifully Updated Townhome-Style Condo in Orlando's Cypress Woods Community

Looking for a beautiful and spacious home in the heart of Orlando? Look no further than 5301 Jasmine Creek Ln #1402 in the Cypress Woods Community! This stunning 3 bed, 2.5 bath Townhome-style Condo is perfect for those looking for a centrally located property that offers both comfort and style.One of the standout features of this property is its gorgeous end unit location. With plenty of natural light and an open floor plan, this home is perfect for entertaining guests or spending time with loved ones. The split floorplan offers 1 bedroom and half bath on the first floor, making it an ideal space for guests.The updated kitchen is a dream come true for home chefs, featuring newer cabinets, hardware, and soft close drawers, as well as recessed lighting, stainless steel appliances, ceramic tile floors, and a new tile backsplash. The dining area features an open ceiling with exposed beams and opens up to the kitchen, making it the perfect spot for hosting dinner parties.The large living space features a slider to the back patio, offering a great space to relax after a long day or to enjoy your morning coffee. The owner's suite is located upstairs and features a beautiful wood beamed vaulted ceiling and tall windows that let natural light pour in. There is also a balcony off the owner's suite, perfect for taking in the beautiful Florida weather.The en-suite bath features 2 above counter sinks, new lighting fixtures, and a tiled walk-in shower. A guest bed and bath finish off the spacious upstairs. The decorative touches in this property are numerous, with wood laminate floors in the family and dining rooms, updated lighting fixtures throughout, new paint inside, and a brand new HVAC system.This unit even comes with two dedicated parking spots, one being covered. The monthly HOA fees cover insurance, common areas, structural, roof, water, sewer, common area electricity, pool, tennis courts, and landscaping.Located near I-4, the Mall of Millenia, Universal, and Downtown Orlando, this property is in a prime location. Don't miss your chance to own this stunning, updated, and beautifully maintained home today!
Welcome Home to this Beautifully Updated Townhome-Style Condo in Orlando's Cypress Woods Community

  Looking for a beautiful and spacious home in the heart of Orlando? Look no further than 5301 Jasmine Creek Ln #1402 in the Cypress Woods Community! This stunning 3 bed, 2.5 bath Townhome-style Condo is perfect for those looking for a centrally located property that offers both comfort and style. One of the standout features of this property is its gorgeous end unit location. With plenty of natural light and an open floor plan, this home is perfect for entertaining guests or spending time with loved ones. The split floorplan offers 1 bedroom and half bath on the first floor, making it an ideal space for guests. The updated kitchen is a dream come true for home chefs, featuring newer cabinets, hardware, and soft close drawers, as well as recessed lighting, stainless steel appliances, ceramic tile floors, and a new tile backsplash. The dining area features an open ceiling with exposed beams and opens up to the kitchen, making it the perfect spot for hosting dinner parties. The large living space features a slider to the back patio, offering a great space to relax after a long day or to enjoy your morning coffee. The owner's suite is located upstairs and features a beautiful wood beamed vaulted ceiling and tall windows that let natural light pour in. There is also a balcony off the owner's suite, perfect for taking in the beautiful Florida weather. The en-suite bath features 2 above counter sinks, new lighting fixtures, and a tiled walk-in shower. A guest bed and bath finish off the spacious upstairs. The decorative touches in this property are numerous, with wood laminate floors in the family and dining rooms, updated lighting fixtures throughout, new paint inside, and a brand new HVAC system. This unit even comes with two dedicated parking spots, one being covered. The monthly HOA fees cover insurance, common areas, structural, roof, water, sewer, common area electricity, pool, tennis courts, and landscaping. Located near I-4, the Mall of Millenia, Universal, and Downtown Orlando, this property is in a prime location. Don't miss your chance to own this stunning, updated, and beautifully maintained home today!
Experience the Best of Orlando-Winter Park Living with this Stunning Designer Dream Home

  If you're in search of a timeless Orlando-Winter Park neighborhood, look no further than Orwin Manor. Established in1924, this neighborhood exudes charm, history, and prime location. And nestled in the heart of Orwin Manor is a stunning designer dream home at1714 Westchester Ave. This solidly built one-story pool home boasts three bedrooms, two baths, one half bath (by pool), a one-car garage, and wood flooring throughout. Situated on a well-manicured0.25-acre lot, the property exudes curb appeal with its masterfully designed landscaping and is just as inviting indoors as outdoors. Step inside and be greeted by splendid architecture, as a vaulted ceiling and high-end finishings deliver light and bright living spaces around the home. The formal living and reception area features a gas fireplace and a lovely dining room – perfect for formal entertaining. The open and spacious family room is ideal for everyday living and boasts custom windows that offer views of the stunning backyard pool and patio area. The well-equipped kitchen is perfect for any chef and features quartz countertops, stainless steel appliances, built-in oven, microwave, natural gas range, refrigerator, breakfast bar, and nook. The master suite features dual sinks, walk-in closet, separate shower and bath, while two additional guest bedrooms share a bath with rain shower. But it's the picturesque backyard that steals the show, resembling a luxury boutique hotel. Lush landscaping, a sizable patio area, and a statement electric-heated saltwater splash pool with jacuzzi and heated jets are the perfect place to lounge and entertain. And when you're ready to venture out, you'll find that Orwin Manor is a local favorite for many residents for its variety of architecture, convenient location, tree-lined streets, and history. Close to Park Ave, SunRail, AdventHealth/Florida Hospital with easy access to I-4, this beautiful home truly offers the best of everything! Other notable features include a gas-heated tankless water heater (2015) and a whole-house generator with natural gas from the road. Don't miss out on the opportunity to experience the best of Orlando-Winter Park living with this stunning designer dream home.
Weekly Market Snapshot

Single-family existing homes Sales of single-family homes increased to 400 during the week of Feb 12, from 300 the week prior The median price of single family homes decreased to $385,000, a change of -7.2% The number of single-family home foreclosure transactions decreased to 2 last week, from 4 the week of Feb 05 The number of single-family home short-sale transactions remains constant at 0 Single-family inventory decreased by 119, and now sits at 4,134 Sales of condos, townhomes, and villas  Sales of condos, townhomes, and villas increased to 123 during the week of Feb 12, from 107 the week prior The median price of condos, townhomes, and villas increased to $271,000, a change of 4.2% The number of condo, townhome, and villa foreclosure transactions decreased to 0 last week, from 2 the week of Feb 05 The number of condo, townhome and villa short-sale transactions remains constant at 0 Condo inventory decreased by 20, and now sits at 1,472
Weekly Market Snapshot for February 05, 2023 - February 11, 2023

Monday Morning Quarterback for February 05, 2023 - February 11, 2023 Single-family existing homes Sales of single-family homes decreased to 300 during the week of Feb 05, from 407 the week prior The median price of single family homes increased to $414,750, a change of 3.7% The number of single-family home foreclosure transactions decreased to 4 last week, from 7 the week of Jan 29 The number of single-family home short-sale transactions decreased to 0 from 1 the week prior Single-family inventory decreased by 95, and now sits at 4,253 Sales of condos, townhomes, and villas  Sales of condos, townhomes, and villas decreased to 107 during the week of Feb 05, from 130 the week prior The median price of condos, townhomes, and villas decreased to $260,000, a change of -7.6% The number of condo, townhome, and villa foreclosure transactions increased to 2 last week, from 1 the week of Jan 29 The number of condo, townhome and villa short-sale transactions remains constant at 0 Condo inventory decreased by 34, and now sits at 1,492
Weekly Market Snapshot January 29, 2023 - February 04, 2023

Here is a snapshot of the previous week's market activity, including sales, prices, days on market, and much, much more. Monday Morning Quarterback for January 29, 2023 - February 04, 2023 Single-family existing homes Sales of single-family homes increased to 407 during the week of Jan 29, from 241 the week prior The median price of single family homes increased to $400,000, a change of 0.0% The number of single-family home foreclosure transactions increased to 7 last week, from 2 the week of Jan 22 The number of single-family home short-sale transactions remains constant at 1 Single-family inventory decreased by 137, and now sits at 4,348 Sales of condos, townhomes, and villas  Sales of condos, townhomes, and villas increased to 130 during the week of Jan 29, from 85 the week prior The median price of condos, townhomes, and villas decreased to $281,500, a change of -2.9% The number of condo, townhome, and villa foreclosure transactions increased to 1 last week, from 0 the week of Jan 22 The number of condo, townhome and villa short-sale transactions remains constant at 0 Condo inventory decreased by 1, and now sits at 1,526
Shawn Layton

Shawn Layton

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