Higher pricing leads existing housing market

As we transition from the long summer days to the advent of the cooler fall season, consumer confidence in the Central Florida real estate market is higher than ever before.

According to the mid-year 2016 figures released in the mid-year Hillman Report, median prices in the existing housing market in Orange and Seminole counties are higher than the same quarter a year ago in most areas. Figures are also close to price levels last seen during the pre-recession highs of 2006.

Let me detail those pricing figures that show the positive state of our real estate market:

• In Orange County, median single-family home and condominium/townhome prices are up 11.1 percent and 13.4 percent, respectively, compared to the second quarter of 2015.

• In Orange County, median single-family home and condominium/townhome prices are 14.5 percent and 31.4 percent below pre-recession highs (second quarter of 2006).

• In Seminole County, median single-family home and condominium/townhome prices are up 12.3 percent and 23.2 percent, respectively, compared to the second quarter of 2015.

• In Seminole County, median single-family home and condominium/townhome prices are 14.8 percent and 15.6 percent below pre-recession highs (second quarter of 2006).

While I’ve only shared a sampling of the positive mid-year results, The Hillman Report details comprehensive market trends and figures across the greater Orlando area, which includes Winter Park, Maitland, College Park, Baldwin Park, Audubon Park/Colonialtown, downtown Orlando and Delaney/Lancaster Park/Crystal Lake. Pick up a free copy of the newly redesigned summer issue at our office, or speak with one of our agents for more information.

If you are looking for a new home, our custom magazine Hillman Homes highlights some of the most beautiful properties in our area. In the current issue, be sure to read the feature on outdoor living that we hope will inspire you to spend more time enjoying the outdoors within your own space.

Finally, we are pleased to announce that so far this year, Fannie Hillman + Associates is leading in total volume sales within the neighborhoods we primarily serve. Our success doesn’t just come from numbers; it comes from building personal client relationships and an exemplary customer experience that goes beyond the closing sale. We look forward to continuing this dedication to service throughout 2016 and into the years ahead!

Scott Hillman is president of Fannie Hillman + Associates, a 35-year old Winter Park-based real estate company specializing in residential real estate sales and producer of The Hillman Report, a semi-annual look at residential real estate in Orange and Seminole counties, as well as Hillman Homes, a customized quarterly publication showcasing local luxury listings, editorial features, a dining and shopping guide, and cultural arts calendar. Read the latest issues on the company's website at fanniehillman.com or by calling 407-644-1234 to request a copy.