At this point, there is no denying that the Florida housing market is recovering and building momentum as existing home sales and new home starts continue to improve. Specifically, sales of new homes in Orlando have sharply risen as more and more buyers have been moving to central Florida.
According to housing research firm Metrostudy, Orlando new home sales in the fourth quarter of 2012 were up 47 percent from the fourth quarter in 2011 and up 38 percent for the entire year. The Orlando Regional REALTOR® Association also reported an increase of almost 20 percent in the number of sales overall, an increase in traditional sales and a decrease in short sales and foreclosures. This helped to raise Orlando sales prices to the highest point in three years.
To keep up with demand, builders have increased new home construction. According to the same Metrostudy report, builders started work on an average 18 houses a day in the four-county Orlando metropolitan area during the fourth quarter of 2012. For the year, home starts were up 53 percent.
As an Orlando home builder, Highland Homes is currently building beautiful new homes in two communities in metro Orlando: Deer Creek in St. Cloud and Whitemarsh in Leesburg, as well as Highland Meadows in nearby Davenport. With 30+ home designs to choose from and affordable pricing from the low-$100,000s, buyers are sure to find the perfect home. To make purchasing your new home even more affordable, qualified buyers can move into their dream home for just $99 down.
In addition to Orlando, Highland Homes builds spacious Florida new homes in communities throughout Tampa Bay, Lakeland and Winter Haven. For more information on all of our Florida communities, visit the Highland Homes website.