Central Florida's real estate market has been heating up this past few months with buyers seeing value and feeling comfortable purchasing homes. Basic economics is gradual decreases in price until value comes back, WECLOME BACK VALUE, we missed you!
This Spring investors both foregin (UK and Canada) and local buyers are purchasing bank owned condominums and single family homes under 150k, many of them cash purchases. It started with the condo market and prices under 50k in April and May and since moved on to single family homes. The past 90 days just in the Hamptons there were 95 sold and pending sales and in Metro West area during the same period 418, a great start going into Summer. I think history will look back on Spring and Summer of 2009 as the bottom of the market.
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CENTURY 21 is home to TEAMCONNECT and seven Reatlors with years of experience in the Central Florida real estate market. Dr Phillips, Orlando, Windermere and Winter Garden.
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