Summary
The Orlando (Central Florida) market is comprised of two submarkets. N. Orlando and Seminole County S. Orlando, Polk County and Osceola County. N. Orlando and Seminole County are seeing robust demand among consumer bargain hunters as well as investors. One local firm indicated results were up 40% with bargain inventory being snapped up within days (even bidding wars). In this market, condo sales are being driven by (more) realistic prices (esp. in conversions). This is driving investor interest as strong cash flow and the prospect of strong appreciation in two-to-three years is compelling. Homes are also being snapped up at bargain prices as those with jobs and credit take advantage of the pre-boom pricing that made Orlando an affordable market. S. Orlando et al is still falling as residents are lower income hospitality workers have no jobs/credit and new projects compete with new projects and lots of current and potential inventory. Recovery is years away.
Analysis
The Orlando (Central Florida) market is comprised of two submarkets. N. Orlando and Seminole County S. Orlando, Polk County and Osceola County. N. Orlando and Seminole County are seeing robust demand among consumer bargain hunters as well as investors. One local firm indicated results were up 40% with bargain inventory being snapped up within days (even bidding wars). In this market, condo sales are being driven by (more) realistic prices (esp. in conversions). This is driving investor interest as strong cash flow and the prospect of strong appreciation in two-to-three years is compelling.Homes are also being snapped up at bargain prices as those with jobs and credit take advantage of the pre-boom pricing that made Orlando an affordable market.S. Orlando et al is still falling as residents are lower income hospitality workers have no jobs/credit and new projects compete with new projects and lots of current and potential inventory. Recovery is years away.
