1-407-575-5392
Menu

Why Are Houses In Orlando So Cheap

NEXT
PREV
Tue, Oct 03, 2023 at 7:05AM

Why Are Houses In Orlando So Cheap

Why Are Houses In Orlando So Cheap?

Orlando is a large area so in Orlando there are cheap houses. However, the Orlando Florida housing market also holds some of the most expensive home prices in the state. The Orlando Metro area takes up most of Orange County Florida.

Orlando FL Homes For Sale

Orlando Housing Market Trends & Orlando Real Estate Market

Right now the number of homes coming onto the market is increasing. The median home prices are decreasing and interest rates are back to historical norms and may actually be going higher. The affordable housing market that was previously forgotten in Orlando may well be making a comeback. At least as far as purchasing prices. Those real estate investors who have money to put down on a home for a downpayment will be in a prime spot to take advantage of lower housing prices.

Central Florida Markets Average Home Prices

Usually Orlando home prices are similar to the national average, as a whole. This is because downtown, Lake Nona, Dr Phillips and other higher end places do not reflect the home prices over the entire city and this is not a balanced market. Currently the median home price does not for tell economic growth like a typical seller's market. Orlando's economy is likely to experience a buyer's market at least in parts of the city beautiful.

Short Sales-Lower Costs-Home Sales

Currently there are very few foreclosures. Florida has judicial foreclosure which takes longer for most to notice any increases. They are reflected in the court filings which are on the increase. What we will see first is the number of short sales increase. You may even see one in desirable areas and the more there are high prices will become generally lower. Several factors affect banks prices. Low supply of foreclosed homes and short sale applications cause banks to want market value. The more homes in foreclosure the lower prices the banks want.


Bookmark & Share



User Comments


Be the first to comment on this post below!




All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independent verified. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. The source of the listing data is as follows: Stellar MLS (updated 3/28/24 7:07 PM) |

Listing Search



Translate Tool

Featured Listings
Champions Gate Real Estate
$1,100,000
3 BED
2 BATH
Value is in the land with 650' frontage on Bella Citta Blvd. and 250' frontage on S. Goodman Rd. The communication tower... Read More
Altamonte Springs Real Estate
$1,200,000
2 BED
1.5 BATH
Waterfront home with a separate guest house close to shops, restaurants, and Altamonte Mall. Main residence is 2419 sq... Read More
Altamonte Springs Real Estate
$2,100,000
4 BED
4.5 BATH
Under Construction. Welcome to Central Florida’s NEW and EXCLUSIVE architectural jewel, Club at Maison Jardin. This un... Read More
Altamonte Springs Real Estate
$1,549,000
4 BED
4 BATH
Welcome to your new dream home in Spring Lake Hills! Nestled within a private guard-gate, boatable lakefront community,... Read More
Altamonte Springs Real Estate
$1,567,000
4 BED
4.5 BATH
Under Construction. Brand new subdivision. Located between Maitland and Altamonte Springs. I4 access is just minutes a... Read More
Altamonte Springs Real Estate
$1,553,000
4 BED
4.5 BATH
Under Construction. Brand new subdivision. Located between Maitland and Altamonte Springs. I4 access is just minutes a... Read More
Altamonte Springs Real Estate
$1,294,500
4 BED
3.5 BATH
Under Construction. Brand new subdivision. Located between Maitland and Altamonte Springs. I4 access is just minutes a... Read More
Altamonte Springs Real Estate
$1,294,500
4 BED
4.5 BATH
Under Construction. Brand new subdivision. Located between Maitland and Altamonte Springs. I4 access is just minutes a... Read More
Apopka Real Estate
$1,068,000
3 BED
1.5 BATH
A great buildable lot on one of the best lakes in Central Florida. Bear Lake is a beautiful clear spring fed (310) acre ... Read More
Contact Wendy Morris

407-575-5392

Wendy Morris LLC
DBA Wendy Morris Realty
Licensed in the State of Florida
BK 3146762
16797 Broadwater Avenue
Winter Garden, Florida 34787

Your privacy is our utmost concern. We will never sell your personal information. Privacy Policy
©2024 windermereluxuryproperty.com - all rights reserved. | Site Map