A Great Year for Orlando Real Estate

Fountains at ChampionsGate

It’s been a great year for real estate developments in Orlando with active single-family and multi-family projects – including some from the Feltrim Group – up by almost a quarter (24%) on last year.

In 2014, 10,300 new homes were built and sold – the best result in the last seven years. Add to that 7,100 apartments and 30,300 resales and you’ll see why Orlando’s property market did so well.

The area’s builders started 8,777 new single-family homes in 2014, up 5% year-on-year and recorded closings were up 12%, according to data from Residential Market Reports for Orlando.

The average sale price also grew by 6% during 2014 to $308,000 on average and on multi-family homes, including townhouses, condos and conversions, for sale by a huge 16% to $236,400, a report by Charles Wayne Consulting states.

Even so, there is some room for improvement. The numbers of multi-family projects, in particular, are way off the peak of late 2006 when there were 305 for sale and actively marketing. At present, there are 99.

Among new top Orlando developments started by the Feltrim Group during 2014 is Tuscany Preserve at Lake Marion – a gated community at Kissimmee with acres of natural beauty for its 500 villas, townhomes and single family homes.

Another new high-quality development of town homes is the fantastic Fountains at ChampionsGate that features a stunning range of amenities including two Greg Norman signature golf courses, a hotel water park, restaurants, supermarket, cafes, shops and more. The project officially opens next month, on Thursday 9 April.

What should buyers look for in a developer? Feltrim’s Chief Executive Officer, Garrett Kenny, says, “Feltrim Group is a one-stop shop for real estate and brings together construction, a top real estate agency, property management and immigration services for international and local buyers as well as investors.

“Feltrim Developments has been building property in Florida since 1996. What we create for our buyers is a high quality product that’s well located, that stands the test of time, and one that will also work as investment. We stand on our reputation for going the extra mile on quality and service, and we stay involved in all our developments after they are built.

“And through our fully owned Century 21 offices we provide a wide range of property management services. So whether you want to buy, sell, visit, furnish, repair, we’re here for you.”
To see full details about Feltrim Group developments, go to: http://feltriminternational.com/feltrim-developments.

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