Orlando Real Estate

I was out showing properties in Baldwin Park this morning, and I have just a quick minute before my next appointment. I wanted to comment on some of the terrific homes for sale in there right now. The inventory of properties has really dropped over the last couple of months, and the builders are closing out some of their inventory right now. Centerline homes just has a handful of units left across the street from Audubon Park Elementary School. They will have new buildings coming out of the ground in the next six to eight months, but expect some price increases. Yes, you heard that correctly. They are expecting to be priced somewhat higher. Personally, I think that may be a bit pre-mature. However, if they don't begin construction for eight months and it takes six months to build they may just be timing things about right. I expect within a year we should see a balanced market here in Orlando. Normally in a balanced market you would expect to see fairly flat prices, but I feel like we have over corrected here in terms of price. To me, that means we could see a bit of an increase in prices next year as the inventory and prices find an equilibrium point.

David Welch, Real Estate Optimist, @RealtyOptimist