Orlando Housing Market Snapshot for August 2021

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State of the Market Orlando’s median home price remained unchanged in August 2021 from the prior month – a record-high $320,000. The median price is 16% higher than August 2020’s $275,000. Sales fell for a second straight month this summer. In August 2021, sales dropped 4.4% from the previous month. Homes spent just 25 days on the market in August …

eXp Realty Exceeds 60,000 Real Estate Agents Globally

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BELLINGHAM, Wash., July 26, 2021 — eXp World Holdings, Inc. (Nasdaq: EXPI), the holding company for eXp Realty, one of the fastest-growing residential and commercial real estate companies in the world, today announced it has exceeded 60,000 agents globally. This represents a year-over-year increase of 85% when compared to 32,403 agents in July 2020.  “Our growth is a direct result of …

ORRA Breaks Ground on Future Headquarters

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ORRA Takes Serving Central Florida to New Levels! There are some BIG changes coming soon by the Orlando Regional REALTOR® Association (ORRA). The groundbreaking announcement has been made that the organization’s new headquarters is in the works and would be conveniently located off I-4, near Lee Road. If you are not familiar, the Orlando Regional REALTOR® Association is one of …

Orlando Housing Market Snapshot for July 2021

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State of the Market Orlando’s median home price reached $320,000 in July 2021, continuing a six-month trend of record-setting prices. The increase is 18.5% from July 2020, when the median home price was $270,000. Sales fell 5.2% in July 2021 compared to the previous month; however, they have spiked 13.7% from July 2020. The time homes are spending on the …

Orlando Area Residential Real Estate Snapshot for May 2021

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State of the Market Median home prices in the Orlando area are now at their highest in ORRA’s recorded history. In May 2021, the median home price was $300,000, up 15% from May 2020. While inventory is on the rise for the first time since September 2020, listings in May 2021 spent only 36 days on the market – the …

Celebration, Gets More Reasons to Celebrate!

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As though the name “Celebration,” did not give you enough to cheer about, Mattamy Homes has announced plans to release a limited number of lots in Celebration Island Village and will open sales to the public in EARLY JUNE! But wait, who is Mattamy Homes? We are glad you asked. Mattamy Homes, is a Canadian-based homebuilder, founded in Toronto by …

Urban Air Adventure Park in Orlando

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A Bedford, Texas-based trampoline park company plans to open two new Central Florida locations by late 2022. Urban Air Adventure Park will debut in Orlando’s Hamlin community near Hamlin Groves Trail/New Independence Parkway, and in Daytona Beach at a yet-to-be-determined site. The Hamlin trampoline park will be about 60,000 square feet and likely hire roughly 100 people. The locations usually …

Apartment Complex Planned on Lake Monroe in Sanford

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A prime lakefront location in Historic Downtown Sanford, previously owned by the late business owner and Heathrow developer Jeno Paulucci, is being eyed by Essian Construction & Development for its next real estate project in Central Florida. The Altamonte Springs-based developer has about three acres of land under contract with plans to establish a new Planned Development called the Vistas …

Preliminary Lake Eola Park Designs Released

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We told you in October 2020 that the City of Orlando was initiating a master plan process for Lake Eola Park that would see it updated for future generations. The park, crowned by the historic Linton E. Allen Memorial Fountain, currently hosts over 100 events a year that bring over three million visitors to downtown. Parks staff told us last …