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 October 1, 2023-January 28, 2024, our neighborhood had eight home sales! Currently, we have four homes on the market. No homes currently are under contract. Mortgage interest rates rose to 7.79% in October, which was the highest rate in 2023. The current 30-year fixed rate stands at 6.69%. Click here for current mortgage information: What’s (up) with Rates
Seven of the eight homes sold in Hidden Springs/Estates for the period October 1, 2023-January 28, 2024 sold between $545,000 and $960,000. The one remaining home sold at $322,500 in November to an investor who resold it in December for $437,500.
Hidden Springs/Hidden Estates home sales activity finished 2023 very strong! As the Realtor stats indicate, our neighborhood is trending in 2024 similar to the overall real estate market currently in a correction phase. This is indicated by reviewing the list price to the selling price to confirm sellers are starting to take price cuts in some of the transactions.
Real Estate Report for Hidden Springs/Estates
September 30, 2023-January 28, 2024
