Hunter’s Creek, located in beautiful south Orlando, continues to be an attractive and desirable place to live, work and play. Judging by recent real estate activity many others also appreciate this fact. More people are looking for a place in Hunter’s Creek to call home every day.
Let’s look at some recent data. Every time another family decides to buy a property in Hunter’s Creek the status of a property for sale is changed from active to pending in the Multiple Listing Service. In March, 5 single family homes changed status because offers to purchase were accepted. This number increased to 9 in April and 17 in May. Already this month (June 2009) 23 homes will have new owners and it’s only the 22nd of the month.
Condos and townhouses are also experiencing increased demand. In March there was only 1 purchase contract which led to a pending listing. That number increased to 8 in April and 9 in May. Already this month 17 pending condos or townhouses can be found in the MLS.
Yes, Hunter’s Creek continues to be a much sought after community in which to live. However, there may be a little more we can learn from these numbers. Condos, for example, are difficult to finance in the current market. More and more are being sold to investors for cash. Could this mean that real estate investors think the bottom of the real estate market is near or already here? Maybe so, but we’ll have to watch the final June numbers to be able to reach a more reliable conclusion . . . at least about Hunter’s Creek.
For information about Hunter’s Creek visit www.hunterscreek.net
To search for homes in the Orlando area visit www.richardrileyrealtor.com