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3 good reasons to invest now in Orange County real estate

Construction

JIM CARCHIDI
Construction in Orange County saw a major uptick in 2014, helping boost the region’s… more

If you or your client are looking for a growing, vibrant market to invest into real estate, Rick Singh wants you to look no further than Orange County.

The county property appraiser on May 28 shared new statistics highlighting values reported in 2014 that have a positive impact on the region’s economy:

  • 79 percent more homes were built in 2014 vs. 2013
  • New construction was up 45 percent last year when compared with 2013
  • The average home sales price was $252,000 in 2014, up from $228,000 the year prior

Singh expects to share more figures and a look at what’s driving real estate in our market later this evening at his second annual State of Orange County Real Estate event at the Wyndham Orlando Resort. Read about what was unveiled at last year’s event, as previously reported by Orlando Business Journal.

Metro Orlando’s economy is heavily driven by real estate and new construction, since it creates jobs and brings new homes into the market to support a growing population. It also serves that population with new space for shops, offices and brings more venues to the region’s $60 billion tourism industry.

Meanwhile, Seminole County also on May 28 released its estimates for 2015 taxable values, including a 5.8 percent year-over-year increase to $27.1 billion for the county government and a 5.4 percent increase to $29.8 billion for Seminole County Public Schools.

Property appraisers are required to estimate taxable values of property — which is the majority of funding for government budgets — in their counties by June 1 so that cities, counties, school boards and other governments can prepare their budgets for their fiscal year beginning Oct. 1.

Be sure to come back to OrlandoBusinessJournal.com for updates.

Grande Realty Group

PATTY VISCONTI
Owner/Realtor

Phone- 407-234-8426

Fax- 407-641-8627

patty@grgorlando.com

Erin Hudson
Broker

Phone- 407-694-3489

Fax- 407-641-8627

erin@grgorlando.com

Patty Visconti - Grande Realty Group

PATTY VISCONTI
Owner/Realtor

Phone- 407-234-8426

Fax- 407-641-8627

patty@grgorlando.com

Erin Hudson - Grande Realty Group

Erin Hudson
Broker

Phone- 407-694-3489

Fax- 407-641-8627

erin@grgorlando.com

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