Hey @Bill Cole What data are you looking for...what the average days on market are? That can be quite different not just city to city, but one area of one city to another. School zones, busy roads and how much new construction there is in the area, etc can split an area in half where one does well and the other is slower.
From 30,000 feet. Oviedo, Lake Nona, Windermere and the UCF area all still move pretty quickly. Areas saturated with new construction or poorly performing schools are slower..like Davenport, Apopka and a few others. With so much inventory, the data is changing every month where traditionally an area did very well is no slowing to 50-65 DOM.
Happy to dive a little deeper depending on what exactly you are looking for.
Hey @Bill Cole What data are you looking for...what the average days on market are? That can be quite different not just city to city, but one area of one city to another. School zones, busy roads and how much new construction there is in the area, etc can split an area in half where one does well and the other is slower.
From 30,000 feet. Oviedo, Lake Nona, Windermere and the UCF area all still move pretty quickly. Areas saturated with new construction or poorly performing schools are slower..like Davenport, Apopka and a few others. With so much inventory, the data is changing every month where traditionally an area did very well is no slowing to 50-65 DOM.
Happy to dive a little deeper depending on what exactly you are looking for.
Appreciate the insight here! Overall, I'm looking at average DOM and areas with prices increasing/decreasing. But, I'm open to haring any market data/different perspectives. Could even be feedback about buyers hesitating or gravitating towards certain areas, etc.
I've got a lot to learn about the Central Florida market and love hearing different perspectives. 30,000 ft perspective gives me a good idea as well because I can zoom in and take more of an in depth look myself.
Do you have an area of focus, or do you travel all around the Orlando area? Venturing off into any new areas because opportunities for deals have increased? Going away from any areas because it's slowed down?
Thanks!
Hey @Bill Cole What data are you looking for...what the average days on market are? That can be quite different not just city to city, but one area of one city to another. School zones, busy roads and how much new construction there is in the area, etc can split an area in half where one does well and the other is slower.
From 30,000 feet. Oviedo, Lake Nona, Windermere and the UCF area all still move pretty quickly. Areas saturated with new construction or poorly performing schools are slower..like Davenport, Apopka and a few others. With so much inventory, the data is changing every month where traditionally an area did very well is no slowing to 50-65 DOM.
Happy to dive a little deeper depending on what exactly you are looking for.
Appreciate the insight here! Overall, I'm looking at average DOM and areas with prices increasing/decreasing. But, I'm open to haring any market data/different perspectives. Could even be feedback about buyers hesitating or gravitating towards certain areas, etc.
I've got a lot to learn about the Central Florida market and love hearing different perspectives. 30,000 ft perspective gives me a good idea as well because I can zoom in and take more of an in depth look myself.
Do you have an area of focus, or do you travel all around the Orlando area? Venturing off into any new areas because opportunities for deals have increased? Going away from any areas because it's slowed down?
Thanks!
Hey Bill,
Is someone within your PM company licensed, they should have access to all the stats from the MLS, Florida Realtors, and a host of other places to dial in on DOM within zip codes, cities or MSA.
As a Realtor, I service the entire Orlando area. I do a lot of relocation clients and that helps me buy/sell in markets that I'm not always in and out of often. As an investor, there are many other factors, but proximity is one of my key focuses to not have to travel too far. The best deals tend to be in the outlying areas as there isn't as much competition from wholesalers and the like. Margins are thin here on rentals, rehab budgets and profits for flips. Insurance, taxes, HOA and tightening county rules/permit times etc eat into everything.
You should check out CFRI, the local chapter for the National REIA. They have lots of meet ups every month and also focus groups (like landlording, women investors, advanced investors, multi family, flipping etc).
Best of luck