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Orlando Homes for Sale - Orlando real estate
Orlando is located in sunny Orange County, Florida. This Central Florida city is the principal city in the Orlando-Kissimmee Metropolitan Statistical area and the sixth largest city in the state. According to the latest census estimates from 2006, Orlando had a population of 220,186 residents.
Orlando is a very popular vacation destination due to its many theme parks including the world famous Walt Disney World and other popular tourist attractions, but don't forget about the beautiful Orlando homes for sale in this sought-after city. |
Downtown Orlando
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Orlando is thought to have gotten its name from Orlando Reeves who died in the area during the war against the Seminole Indians in 1836. The city of Orlando was not incorporated until 1875 during the post Civil War Reconstruction and flourished as the hub of Florida's citrus industry from 1875 until the great freeze of 1894-1895.
In the following years, Orlando became a popular resort town. Through the 1920's, there was a boom in construction in Orlando that continued until several hurricanes hit the area in the late 1920s. The Great Depression struck in 1929 and further helped to slow down Orlando's economy and growth. |
Things took a big turn for the better in 1965, when Walt Disney announced he would be building his theme park, Walt Disney World, near Orlando. Disney decided to build his theme park in Orlando rather than Tampa or Miami because Orlando was inland and would therefore receive less damage from eventual hurricanes and because the land was cheap.
When Walt Disney World opened in 1971 Orlando saw a rapid rise in population and economic growth. Thanks to the opening of this famous theme park and the wonderful year-round weather, tourism has become the prime motivator of the county's economy and Orlando has become one of the top choices in vacation destinations in the world. |
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Maybe a little something you didn't know about Orlando
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Orlando is one of the Hottest Job Markets according to Business Inc. magazine and names Orlando as the fourth Best City for Businesses in the large cities category. FDI magazine recognizes Orlando as one of North Americans Cities of the Future growth, No. 3 in Most Business Friendly; and No. 4 in Quality of Life. |
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Biz Journals ranks Florida as the ninth Best Market for Young Adult Job Seekers. According to Forbes magazine, Orlando is the fourth Best City in the Country for creating jobs. |
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Expansion Management names Orlando as one of the 50 Hottest Cities. |
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Grubb & Ellis Market Strength Forecast for 2007 named Orlando's office market No. 8 in U.S. survey as an investment opportunity. |
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Business Week magazine featured Metro Orlando among its picks of "global hot spots" in its issue titled What Makes a Winner: The Competition Issue. Orlando is one of three communities in the world to be featured. |
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Metro Orlando was named one of ten "Blooming U.S. Cities for Tech" according to eWEEK.com. |
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U.S. News and World Report's ranking of "America's Best College" names Rollins College as the number one university in the South. |
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Metro Orlando ranks 3rd among Inc. magazine's "Hottest Large City for Doing Business" and 28th in the nation for entrepreneurs. |
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The Tax Foundation ranks Florida as the 4th "Business Friendly Tax State". Metro Orlando ranks second on the list of "Six Great Relocation Destinations" published by Retirement Solutions Foundation. |
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Metro Orlando is the Number One City for Entrepreneurs by Entrepreneur Magazine. |
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With more than 47,000 students, University of Central Florida is the sixth largest university in the nation. |
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Industry giant Electronic Arts - the world's leading independent developer and publisher of interactive entertainment software - creates some of the worlds top-selling games and is located in Metro Orlando. |
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The Central Florida Research Park, totaling more than 1,025 acres and home to 85 companies employing more than 8,500 people, is one of the top 10 research parks in the nation. |
Orlando real estate saw a big boom in the early part of 2000. From 2000 to October 200,5 homes for sale in Orlando, Florida were increasing in value and highly sought after, many times being sold over list price. It was was not unusual to see multiple offers on a single home.
The speculation was high for builders, lenders, investors and your every-day buyer, which created a market frenzy. We know in the real estate business when condo conversions are happening, it's a good indicator the end is near. That's what happen in the winter of 2005. September 2006 was the beginning of the decline in real estate values in Orlando, Florida.
During the past few years from 2006 to 2008, homes for sale in the Orlando area, the state of Florida and the nation for that matter saw a steady decline in home values. Inventory levels are still at record highs but recently we've had a downward trend which is good news.
Looking at prices today, buyers are seeing value come back. Gradual decreases in price over time welcomes back value. Spring 2009 saw a huge increase in buyers purchasing Orlando foreclosures. Bank-owned, pre-foreclosures and short sales were picked up at bargain prices, which helped fuel the start of the Orlando real estate market recovery. | |
Orlando is full of excellent neighborhoods and communities, including the sought-after community of Dr. Phillips. From tree-lined suburban neighborhoods to master-planned gated communities, waterfront homes and golf communities, Orlando offers a myriad of options for those thinking of relocating to this area.
There are great public, private and charter schools, ample parks, open spaces and an abundance of recreation and sports options for all ages. Neighborhoods in Orlando offer short drive times and an overall quality of life that is hard to match.
If you are looking for the perfect home in Orlando, Florida, please browse our Featured Listings or Contact TEAMCONNECT, and we will personally help you find the right home for you and your family. |
