Orlando Medical City: Prices Rise 15% Nationwide, Orlando Real Estate is hot, hot, hot!

This is such fantastic news for the real estate industry and the Orlando Real Estate Market as a whole. Housing in Lake Nona, Orlando’s Medical City and the surrounding communities are really selling super fast!

As Realtytimes.com reports, the housing recovery continues to plough its way across the nation. It isn’t just investors either. Everyone is flocking to the market as a homes true value as a great investment vehicle is being realized again.

Buyers need to know that inventory is tight and investors are snapping up what they can. Movado.com issued it’s State of the Real Estate Market July 2013 report, which covers the June 2012 to June 2013 period which showed that across 38 cities the list price per square foot for a property increased by an average of 15%! Rising on average from $158 per square feet to $181 per square foot. This is really an amazing rise! Orlando has seen many parts of the city increase in pricing and Lake Nona is one of them. Also in 32 of the 38 cities Movoto tracks continued to see a drop in total inventory with an overall total inventory drop of 20.5% over the past year.

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So if you are looking to turn Lake Nona into your new home then you need to get on the bandwagon and start looking for a new home today!

Thinking of moving to Orlando’s Medical City or the Lake Nona area? Or any other part of the Orlando/Central Florida area?  Click here to search the Orlando Multiple Listing Service. You can also view our fantastic range of featured properties! Selling your home? Contact us for comprehensive home valuation services! Email Steve Glose here at steve@thefloridalivingteam.com. Or you can call direct on 407-616-7286.

Orlando Medical City – Orlando’s up-and-coming Elite Community.

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