Orlando Home Values on the Rise

Real Estate News Published August 16, 2012 By Eric Dale

After being hit hard by the burst of the housing bubble, Orlando is making quite a comeback.

Given the amount of distressed properties on the market a few years ago, the price per square foot of homes in Orlando, Florida dropped considerably. However, in the past year the price per square foot, according to Trulia’s statistics, increased by 608.2 percent. Additionally, year-over-year the median sales price rose 17.5 percent to $116,250.

The drastic increase in price per square foot is directly related to the quality of homes on the market, and as distressed homes are purchased, we can expect these numbers to rise. There are currently 13,392 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process, as reported by Trulia.

Now that we’re seeing improvements in areas greatly affected by the housing market crash, we know there’s light at the end of the tunnel.

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Eric Dale

Eric M. Dale has actively been involved in financing and investing for over 20 years. As the CEO of Capital Funding Corporation he has personally completed over $5 Billion in transaction funding and has consulted on numerous projects surrounding real estate and oil and gas.