Many people are asking me what I think 2017 will bring for the real estate market. I wrote a post last week breaking down a recent article from the chief Economist for the National Association of Realtors. I hope you’ll take a moment to read it. But what I know is that right now in the Downtown Orlando area the market under $350,000 is still strong for sellers and tight for buyers.
The inventory in Orlando has remained low for 8 months in a row in what we would consider a “seller’s market”. On the flip side, the prices have flatlined. In the last three months the median price in Orlando has been stuck at $205,000! If you want or need to sell your home, now is the time to get it done.
Prices have remained between $203-207k since May! That lack of increase month to month indicates we may have maxed out what the market will bear. All it takes is just a bit more inventory to shift the market.
As the election results came in, interest rates rose. They are expected to continue to rise. That will only further erode affordability in the Central Florida region, pricing many buyers out of the market. If you want to maximize your sales price, you may want to get things going sooner rather than later.
Of course real estate is local and some Central Florida regions and price points are already experiencing a bit of a shift into a buyer’s market. Each house and case is unique, so contact us to see if you’re in a seller or buyer’s market and if it makes sense to make a move.
Holiday season is upon us! The Annual Jingle Eve Festival and Boat Parade starts at 5pm thru 10PM tomorrow November 19th! Merchants will be open throughout the district for some holiday shopping, dining, and drinking! There will be a tree lighting, carolers, a Santa village, pedi cabs to get you around. And of course they will light the “Happy Holidays” sign overlooking Lake Ivanhoe.
For a little adult fun, join the wine stroll. From 5pm-10pm sip & stroll through the 14 participating locations within Ivanhoe Village. Each spot features a wine tasting curated by Tim’s Wine Market.
Jingle Eve is a FREE event, the wine stroll is $25. Get your tickets here for the wine stroll.
We are entering shopping season as Thanksgiving approaches. Every year American Express sponsors Small Business Saturday to highlight the small business across America and encourage you to shop local. This year the Mills50 Main Street will be have 14 business participate. Visit a store and you will receive a raffle ticket to be entered to win an awesome Mills50 gift basket with prizes from each location! It is the place to shop this holiday season.
The participating businesses are listed below. Each location has included a gift or gift certificate in the raffle gift basket. Get out, shop local, eat local, and enter to win!
Orlando is becoming quite the sports town! We have developed an avid group of loyal fans with a basketball, soccer, and hockey team playing in the heart of the city.
Tonight is the kickoff game for the Orlando Magic season. It’s always exciting to watch the Downtown Orlando streets flood with people at the start of a Magic game. Want to participate in the fun? There are still tickets available for a variety of price points…even a few in the $60 range! The Orlando Magic will be playing the Miami Heat tonight at 7 pm at the Amway Center. You can get your tickets here and support your local team!
Of course there are plenty of places around Downtown Orlando to catch the game on a big screen and grab a drink instead. Check out Yelp’s top 10 Sports Bars in Orlando for a few great places in the Downtown Orlando area to watch the Magic play and have a drink.
Will you be attending any Magic games this year?
I am craving a Cuban sandwich, and Black Bean Deli has come to mind. Their locations near Downtown Orlando, the Amway Center, and Winter Park are ideal to satisfy your cravings for delicious Cuban dishes!
I have visited Black Bean Deli in Downtown Orlando and Winter Park, but my first experience was in the Downtown Orlando location. The parking lot was busy for a weekday lunch visit, and there a line near the front door! Once I placed my order and took a seat, the food was served within minutes. My Cuban sandwich looked similar to this image, but this image does not do justice! Every bite reminded me why Cuban sandwiches are my favorite sandwiches ever created, and filled me up for the rest of the day!
The welcoming vibe among the staff and the contemporary design of the restaurant are additional reasons why I will enjoy returning to Black Bean Deli in the future. For more information on their menu and locations, visit the Black Bean Deli website.
I have lived in Winter Park for fourteen years, and one of my favorite spots in Winter Park is Park Avenue. Located near Rollins College, the Autumn Art Festival is returning for its 43rd year in Downtown Winter Park! This celebration brings together artists and entertainment for your entire family.
Artists are selected from across the state to present their work, so come out and support them this weekend! While you are on Park Avenue, don’t forget to stop by the shops and delicious restaurants nearby.
Image Credit: winterpark.org
Date: October 8th and October 9th, 2016
Time: 9:00am – 5:00pm
Location: Central Park in Downtown Winter Park – 251 S. Park Avenue, Winter Park, FL 32789