Brandt Alexander is Orlando’s top-producing real estate agent and the #1 Resort and Second Home Specialist. In a recent update, Brandt Alexander shares the top 5 luxury real estate markets in Orlando.
1. Winter Garden: A Market Defined by Robust Growth
Winter Garden continues to show remarkable resilience and growth, with a median sale price of $598,000 and a 7.5% year-over-year increase. The market offers a diverse range of properties, from park-front residences to expansive estates.
2. Windermere: A Complex yet Rewarding Market
Windermere presents a nuanced picture. While the median sale price has decreased to $1.1 million, the price per square foot has increased by 14.9% to $355. Properties are selling within an average of 16 days, making it a competitive market for potential buyers.
3. Winter Park: Where Tradition Meets Modernity
Winter Park offers a blend of traditional charm and modern luxury, with a median sale price of approximately $800,000. The market caters to a wide range of tastes, offering both historic estates and contemporary residences.
4. Dr. Phillips: An Emerging Market with Potential
Dr. Phillips is gaining attention with a median sale price of $750,000. Its proximity to key entertainment hubs in Orlando makes it an attractive option for those seeking both luxury and convenience.
5. Lake Nona: The Vanguard of Sustainable Luxury
Lake Nona is setting the standard for future luxury living, focusing on smart homes and sustainability. The median sale price is $650,000, with a year-over-year growth rate of 5%.
“The luxury real estate market in Orlando offers an abundance of opportunities for investors and homebuyers. Each neighborhood has its own unique characteristics, making it imperative to work with an agent who understands the market,” states Brandt Alexander.
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Disclaimer: This press release is intended for informational purposes and should not be construed as financial advice.
Resources: Data for this report has been sourced from Redfin and other reputable real estate databases. For the most current statistics, please visit Redfin’s website.