STATS SHOTS
Aff ordable Inventory
First-time homebuyers seeking to purchase in the Orlando area will
likely find the most budget-friendly options in Pine Hills, Union Park,
and Orlando/Orlo Vista. According to ORRA data, the zip codes encompassing
these locations in July had the greatest number of homes
available for purchase at or below the Orlando first-time homebuyer
price of $199,215.
Orlando First-time Buyer Inventory - $200,000 and below
Zip Code
Area Available
32808 Pine Hills 79 $156,075
32822 Union Park 66 $153,630
32811 Orlando/Orlo Vista 51 $148,287
32714 Altamonte Springs/Forest City 46 $189,205
32810 Lockhart 36 $176,778
32701 Altamonte Springs 34 $161,263
Orange and Seminole counties together had a total of 951 available
homes priced below $200,000 in July. That number accounted for 12%
of all July inventory.
There were 7,998 (32% of all inventory) homes priced below the Orlando
aff ordability index price of $329,584 in July.
July 2019
Median Sales Price
Foreclosure Perspective
Foreclosure filings in Orlando may be up (see page 10) compared to
last year, but to prevent fears of another real estate crash or bubble,
let’s consider the percentage of distressed sales within all sales over the
past decade. So far in 2019, just 3% of Orlando transactions have been
foreclosures. Back in 2010, foreclosures made up 45% of all sales, while
in 2012 short sales accounted for 30% of all sales.
Year Normal Sales Foreclosure Sales Short Sales
2007 98% 1% 0.81%
2008 73% 20% 7%
2009 62% 28% 10%
2010 31% 45% 24%
2011 36% 34% 30%
2012 46% 24% 30%
2013 61% 20% 19%
2014 67% 25% 8%
2015 73% 23% 4%
2016 86% 11% 3%
2017 93% 5% 2%
2018 96% 3% 1%
2019*
*Through August
International Homebuying
Country of Origin Percent of Buyers Florida Ranking
Canada #1
United Kingdom
India
Choosing Florida
42%
A decline in global growth and low housing inventory contributed
to a 36% drop in foreign investment in U.S. residential real estate
over the past year, reveals the National Association of REALTORS'®
2019 Profile of International Transactions in U.S. Residential Real
Estate.
“A confluence of many factors – slower economic growth abroad,
tighter capital controls in China, a stronger U.S. dollar and a low
inventory of homes for sale – contributed to the pullback of foreign
buyers,” says Lawrence Yun, NAR chief economist.
Following historical trends, Florida was at the epicenter of foreign
investment. The state attracted 20% of foreign buyers in 2018
while California and Texas garnered 12% and 10%, respectively.
Florida was the favorite destination for buyers from Canada, India,
and the United Kingdom in 2018.
YEAR-TO-DATE
JAN-AUG 2019
ORLANDO HOUSINg
MARKET
BY THE
NUMBERS
AUG 2019 VS AUG 2018
SALES
3,385
+0.1%
$ VOLUME
$1.0
BILLION
+10%
MEDIAN
PRICE
$250,000
+10%
INVENTORY
7,652
-2%
35%
14%
#1
#1
NAR Profile of International Transactions in U.S. Residential Real Estate
NAR Profile of International Transactions in U.S. Residential Real Estate
orlandorealtors.org 5
/orlandorealtors.org