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Downtown Orlando Prices On The Rise

Written by: Jake Johnson

The same 2 bedroom condos at The Waverly that were selling for $184,000 are now selling in the $250's. Inventory in Central Florida is now at a 5 year low, and as I write this, there are less than 60 units for sale in the entire 32801 zip code (out of the thousands of condos and homes). The good news is that interest rates are still low. Lending standards are still pretty tight, so it may be a little tougher to qualify for a mortgage, and you may have to put a little more money down. Investors are in the maket snapping up any good deals to keep them as rental apartments. This means you need to be on auto-notify to get email alerts the minute a new property hits the market that matches your search criteria. Our Realtors specialize in Downtown Orlando, and can find you the condo of your dreams, but you better hurry!

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