You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!
Hurricane Dorian looks to be a very strong and potentially devistating storm for the central Florida area. We have put this page together as a resource for our fellow residents, and hope you find it useful. Prepare and be safe.
To help off set the cost of school supplies Florida designates a tax holiday period. This year, from August 2nd thru August 6th, you can purchase all your back-to-school supplies without paying the state sales tax.
During the sales tax holiday period the following are exempt:
Clothing, footwear, and certain accessories selling for $60 or less per item
Certain schol supplies selling for $15 or less per item, and
Personal computers and certain computer-related accessories selling for $1000 or less per item, when purchased for noncommercial home or personal use.
This sales tax holiday does not apply to:
Any item of clothing selling for more than $60;
Any school supply item selling for more than $15;
Books that are other wise exempt
Repairs or alterations of any eligible items; or
Sales of any eligible itmes in a theme park, entertainment complex, public lodging establishment, or airport
Free event while you shop during the tax-free weekend. Enjoy games and fun activities for the kids. Special visitors include representatives from Orlando Magic, Orlando City, and animals from the Central Florida Zoo.
Orlando's sales stumble a bit during peak homebuying months
Orlando home sales took a tiny tumble in June, slipping 2% compared to June 2018 during what is traditionally near the peak of our homebuying season.
“We are expecting June’s sales decline to reverse itself in the coming months as families seek to close on their new homes before the start of the school year,” says ORRA President Jeffrey M. Fagan. “In addition, we anticipate an eagerness to take advantage of favorable conditions such as small-but-steady increases in the inventory of homes available for purchase in the Orlando area and falling mortgage rates.”
According to the latest monthly report from ORRA, Orlando area homebuyers secured an average interest rate of 3.93% in June. That’s down from 4.15% in May and a high this year in February of 4.34%.
ORRA members were involved in 3,399 property transactions during June. Sales of townhomes dropped by a whopping 22%, which was enough to drag the overall sales comparison down by 2 percent. Sales of single-family homes actually improved by about half a percent over last year, while condos rose by more than 3 percent.
Speaking of condos, this home type is leading Orlando’s eight-month string of inventory increases. The number of condos available for purchase in June expanded by 24%, to 1,135. Single-family homes had 5% more availability than in June 2018, bringing our overall inventory up by 7 percent.
Despite inventory gains, Orlando is still clearly a seller’s market as it has only 2.37 months of supply (six months is considered by economists to indicate a market that is balanced between buyers and sellers). However, the balance shifts when you consider price categories for single-family homes, with the lower price categories firmly favoring sellers and the higher price categories ($700,000 and above) favoring buyers. Those in the market for a home priced between $2 million and $5 million currently enjoy 26 months of supply. FYI, there is a 15-month supply of home priced above $5 million.
ORRA’s report also shows that the overall median price is securely back its years-long upward track. After a brief derailment into the red in April, the Orlando median price — the figure at which half of the homes sold for more and half sold for less — rose 5 percent in June to $250,000.
June Market Indicator Comparison
Single-family Home Update
Single-family home sales bumped up 0.5% in June, with 2,685 units sold throughout the Orlando area versus 2,673 a year earlier. Compared to last month, single-family sales are down 11 percent.
The median price for single-family homes increased by 3% to $270,000 in June. The inventory of this home type improved by 5% over June 2018, and there are currently 6,289 single-family homes available for purchase through the multiple listing service.
Condo sales are up by 3% (406); condo inventory is up by 24% (1,135), and condo median price is up by 7% ($134,350,500).
Sales of existing homes within the entire Orlando MSA (Lake, Orange, Osceola, and Seminole counties) in June were down by 2.7% when compared to June of 2018. To date, sales are down 6.9%.
Each individual county’s sales comparisons are as follows:
*Lake: 8.3% above June 2018;
*Orange: 2.8% below June 2018;
*Osceola: 8.5% below June 2018; and
*Seminole: 5.9% below June 2018.
This representation is based in whole or in part on data supplied by the Orlando Regional REALTOR® Association and the My Florida Regional Multiple Listing Service. Neither the association nor MFRMLS guarantees or is in any way responsible for its accuracy. Data maintained by the association or MFRMLS may not reflect all real estate activity in the market. Due to late closings, an adjustment is necessary to record those closings posted after our reporting date.
ORRA REALTOR® sales represent sales involving Orlando Regional REALTOR® Association members, who are primarily – but not exclusively - located in Orange and Seminole counties. Note that statistics released each month may be revised in the future as new data is received.
Orlando MSA numbers reflect sales of homes located in Orange, Seminole, Osceola, and Lake counties by members of any REALTOR® association, not just members of ORRA.Orlando Area Market 10-year History (Orlando 10-Year History) (link to pdf) interest rate, sales, median price, average price, list/sell difference, pending, days on market, inventory, and months of supply for each of the last 10 years.
Tuesday, July 2 starting at 5pm (fireworks at 9:15pm)
Grills Lakeside: 4315 N Orange Blossom Trail, Orlando
Get the party started early at this popular lakeside restaurant with live music, activities for the entire family, and kayak or paddle board rentals available. Bonus for the little ones: there’s a playground on property.
The City of Altamonte Springs always blows it out of the park to celebrate our nation’s independence. Enjoy a free day of music from the hottest artists, family fun, and of course, one of the best firework displays. This is a very popular event. You can find adequate viewing spots on the opposite side of the water/amphitheater.
Wednesday, July 3, 6pm – 11pm (fireworks at 9:15pm)
4801 New Broad Street
This FREE event will kick off with a festival in the Village Center of Baldwin Park hosted by Baldwin Park Joint Committee and Presented by Advent Health. At 9:15pm*, view a spectacular choreographed fireworks show over Lake Baldwin.
The Village center will come alive with nearly 100 participants and sponsors of all kinds offering lots of fun including; shopping, a showcase of artisans and craftsman with works for sale, festival snacks/food trucks, a beer garden, face painting, balloon art, interactive activities, and more.
The Magic Kingdom celebrates the 4th of July with a fireworks show on both July 3rd and July 4th. Fireworks at the Magic Kingdom begin at 9:15 pm with patriotic music. Epcot add’s a special 4th of July tribute to Illuminations at 9pm.
Orlando Mayor, Buddy Dyer, invites the community to celebrate our nation’s freedom with a spectacular fireworks show, free entertainment, a kids’ play area, live music, and beverages for purchase. The City recommends finding alternative modes of transportation because of street closures and limited on-street parking.
Star Spangled Sanford is Central Florida’s premier summer celebration and the best value for vending anywhere. With over fifty thousand spectators expected to file in for the great concert and fireworks, your business can be front and center for the show. This fun, family celebration brings in visitors from around the Central Florida to enjoy the beautiful lakefront setting on Lake Monroe.
Wear your red, white and blue because this city hosts an evening filled with fun: live entertainment, kid’s area and a variety of vendors. As the night wraps up the sky will fill with world-class fireworks.
Bring a chair, blanket or have a seat in the grass for this annual Winter Garden tradition! Keep your eyes on the sky for one of the best firework displays in West Orange County. Live music, family activities, food and more keep the evening fun for all ages! Festivities begin at 6:00 pm. Fireworks show at 9:15 pm.
Red, White and Boom | Clearmont
Waterfront Park in Clermont
4th of July celebration at Waterfront Park filled with traditional Americana-type activities for all ages and ending with fireworks over Lake Minneola.
This year’s Star Spangled Spectacular Independence Day parade will kick-off at 9 a.m. from Town Hall, following a route along Celebration Avenue to Market Street and eventually concluding at the entrance to Lakeside Park
Free hot dogs, watermelon and water (while supplies last). Live music, kids’ zone with carnival games, train rides and slides. Bicycle parade at 11:30am. Children can bring their bicycles already decorated or decorate them at the old bus stop on the corner of Park Avenue and Morse Boulevard.
The Charles Hosmer Morse Museum of American Art will celebrate 24 years on Park Avenue with its Independence Day Open House. The museum, which is home to the world’s most comprehensive collection of work by American artist Louis Comfort Tiffany, will provide FREE admission to its galleries from 9:30 a.m. to 4 p.m.
Also, in downtown Winter Park, The Winter Park History Museum, located at 200 W. New England Ave. (north end of the Farmers’ Market building), will be open with FREE admission, as always, from 9:30 a.m. to 4 p.m.
If you know of any other events please let us know.
Easter, this year, falls on Sunday, April 2019, so get ready to find the eggs the Bunny has been hiding all over Orlando area. Here is a list of fun egg hunts, special events and sunrise service worship events throughout the greater Orlando community.
Pre-sale tickets will be available at Riverside Park, 1600 Lockwood Boulevard, and the Gymnasium and Aquatic Facility, 148 Oviedo Boulevard.
All children require wristbands.
Children (ages 5 to 10) will collect marshmallows dropped from a helicopter to redeem for goodies. The kiddos will also enjoy bounce houses and other activities beginning at 9:30am. Refreshments will be available for purchase.
Children (ages 0-4) will enjoy bounce houses, photo ops with the Easter Bunny, and receive a free bag to fill with goodies from the vendor tents only. There will not be an egg hunt or marshmallow drop for this age bracket.
It is always workt the drive for the 93rd annual sunrise service in the beautiful Bok Tower Gardens in Lake Wales. Easter worshippers are offered free admission from 7am to 8am to experience a sunrise servie with a choir and live carillion performances
The Annual Sanford Christian Sunrise Worship Service to celebrate the resurrection of our Lord and Savior Jesus Christ. This is an open-air lake-side ecumenical worship service in the park. The service will be lead by several pastors all from different churches in Sanford.
Limited seating will be provided. It is recommended that you being lawn chairs or a blanket. The wearing of jackets is advisable because there is often a breeze coming from the lake. Children are welcome to attend with their parents.
Mortgage rates may not be quite as low as they were on January 31st, but they nonetheless managed to end at the lowest levels of this week. Unlike January 31st, we can still say we're at the lowest levels in more than a year (yesterday was the first official day for that distinction).
Are you starting to make plans going into the New Year? Is spending more time with the family on the list?
This is a great event that checks both of those boxes!
Leu Gardens is having a Family Night on Jan 11th 2019!
Let's get back to Nature and have fun outdoors! Night hike the beautiful 50 acre gardens that Leu Gardens has to offer.
Along with hike, they will have learning stations, a bug house, craft station with SuperAwesomeCool Pottery, The Central Florida Zoo's Nocturnal Animals on display as well as telescopes from The Central Florida Astronomical Society!
Whew!!! What an evening to build memories!
Non Members adults- $10
Members adults and children-$5
Non Member children-$5
Click on the link below for more information on the event as well as the membership page if you are also interested in becoming a member!
Going Green for the Holidays isn't just Garland, Christmas Trees or decorations.
It can also be an alternative to look how you can reuse all the waste that gets accumulated during the holiday season. From throwing out leftovers, wrapping paper and etc, we all tend to waste a lot during this time of year.
But did you know that certain cities like the City of Orlando offer a Free program, where they will give you a composter!