Nothing speaks louder than third-party validation of information. Here is a small snippet of
data about the Orlando area real estate market. Note that jobs, growth and diversity
are a great combination for properties such as Grand Reserve.
Orlando Area Snapshot:
Each WEEK Metro Orlando welcomes an estimates ...
... $564.9 million in retail sales
... 1,249 new adult residents
... 640,935 air travellers
... 654 residential building permits
... 34 new businesses establishing
... 756 new jobs
... 917,289 visitors
(source: Orlando Sentinel Communications, 2005 Datebook)
Jobs, Growth and Economic Diversity
Studies Laud Orlando Job Market
One new study by Boston-based Torto Wheaton Research predicts that job growth in the area during the next five years will occur at the third-fastest rate in the country -- behind Las Vegas and Austin, Texas, but ahead of West Palm Beach and Fort Lauderdale, which round out the top five.
(source: Orlando Business Journal 11/26/2004)
"Where the jobs are being created: In five years, Orlando market has added 158,000 new hires."
"Once the kingdom of leisure and hospitality jobs, the Orlando area's economy has become far more diversified and high-paying over the last five years, new figures on job growth show. "
(source: Orlando Business Journal - October 6, 2006)
"Orlando and Orange County are wonderfully positioned in the global economy. You are one of the world's greatest travel destinations. You have such a young population. You have economic diversity, including all the high tech start-ups. You have a great climate. In short, the Orlando area is extremely well-positioned for this new millennium."
Ê
Ñ John Naisbitt, author, Megatrends
The Rising Tide
Median home price:
2nd quarter 2006. Orlando FL $271.7 17.0% (% change one year)
(source: National Realtors Association)
See also: Additional Orlando Information.