Hidden Springs & Hidden Estates Neighborhood
Realtor Report
Special thanks to our Yard of the Quarter sponsor, John Scolaro, Coldwell Banker Realty, for providing the following insight into our area's current real estate market. If you would like more detailed information or would like assistance with your real estate needs, please call him at 407-230-5567 or email orlandorealtor.john@gmail.com.
Orlando's State of the Market
“With significant year-over-year changes, January’s data is a strong indicator that Orlando’s housing market is continuing to balance out,” said Lisa Hill, Orlando Regional REALTOR® Association President. “Orlando’s housing market remains in correction mode as sales have been steadily slowing down over the past 12 months. The great news for buyers is that they have significantly more options compared to last year. For sellers, home values remain stable.”
Hidden Springs/Estates Activity
For the period December 1, 2022-March 3, 2023, our neighborhood had four home sales! Currently, we have four homes on the market and one home under contract. One home is temporarily off the market but expected to be active in the near future. Mortgage interest rates in January 2022 were 3.38% and to date the rates are hovering at 7.12%. Stats for 2022: 1st Quarter 7 Sales, 2nd Quarter 6 Sales, 3rd Quarter 5 Sales, 4th Quarter 3 Sales! Assume Hidden Springs/Hidden Estates future home sales will follow the trend of buyer’s negotiating aggressively and seller’s finding an increase of days on the market.
Real Estate Report for Hidden Springs/Estates
December 1, 2022-March 3, 2023
