Summertime News in Orlando

The latest summertime news in Orlando is that in the next few days Universal are scheduled to make a major statement. It revolves around a large tract of land which Universal purchased a while ago. Speculation is that this will be the announcement of a brand new theme park in Orlando.

Rumours are pointing towards the new theme park in Orlando being called Fantastic Worlds and will be the home  to rides by to Mario Kart, Donkey Kong, and Yoshi. This will be Universal’s largest theme park to date!

UPDATE!! The theme park is officially call EPIC UNIVERSE

It has evidently been inspired by the Fantastic Beasts films; DreamWorks Animated franchises such as How To Train Your Dragon; and the Classic Universal Monsters like Dracula and Frankenstein. In true Orlando fashion a theme park is not a theme park destination unless it has hotels, dining and entertainment options. We are expecting plenty of them all.

So far there has been no opening date or even major details but that will change on August 1st.

As you all know, Orlando the is the Number 1, family vacation destination in the world. With improved infrastructure, an expanded airport and now a new theme park there is even more reason to visit Orlando. We envisage Orlando to continue to be the most important family destination in the world as tourist numbers head toward 100 million per annum.

All of this expansion is great for the tourism business but it has other benefits. Workers are required, local businesses grow and prices increase. For investors this latest summertime news in Orlando is exactly what they are wanting to read.

 

Summer in Orlando

Summer in Orlando used to mean big crowds, busy restaurants, theme parks and crowded malls. Nowadays it seems as though every day is summer in Orlando. As mentioned previously, Orlando welcomed over 75 million visitors in 2018. That means we are busy year round. Really busy!

In just a few weeks the brand new Star Wars park will open. Expectations are that it will make the Harry Potter opening look like it was a practice run. The fans of Star Wars have waited for a VERY long time to experience a dedicated theme park and Disney expects it to break all previous records.

Even if you are not a Star Wars fan, this is huge news for vacation home owners. The already heavy demand for quality rental properties is going to get much stronger. All of these Star Wars fans are going to need a place to stay and renting a vacation home is the ideal way to travel in a group. This keep costs down when compared to staying in hotels for guests and also means owners can benefit. Increased prices, higher occupancy and a steady stream of willing renters.

 

Disney Resort Community Updates

Solara at Westside is already well into selling phase 2 – the final phase

Windsor at Westside is running a couple of months behind Solara.

Solterra Resort has recently seen builders take down more lots in an effort to keep up with demand for this popular community.

Bellavida Resort is now selling phase 2 and phase 3. Some waterfront lots area available

The Retreat at Championsgate is quickly running out of vacation homes to sell and there is no more space for further development.

Encore at Reunion are on their final phase.

Storey Lake has a handful of options available

Hidden Forest is a new neighborhood of vacation townhomes. A guaranteed rental is being offered for those who want it

 

Sonoma Resort, Rosemont Woods and Crofton Springs are all sold out

 

COMING SOON – We have a new community of vacation homes with private pools launching in the next few weeks.

 

Our Summer in Orlando resort update

New vacation homes will now start at around $400,000 for single family pool homes and demand is huge. As far as we know there are no new resort communities currently being planned. This means that you will need to move quickly.

We have a handful of townhome options available within the larger resort communities. If you prefer something a little quieter, then we have a new release opening in September.

 

Resale Vacation Homes

Along with the selection of new homes, we can offer a range of excellent resale properties. When clients wish to reorganize their portfolios, they give us a call to list their units. We run a comparison of market availability and recent sold prices so that they get the best possible price.

In fact just last week we received an email from a client who purchased with us a few years ago. The family is now looking to sell their current vacation home in order to buy a new larger vacation home. This vacation home already has a 76% occupancy rate (as of mid July) for 2019. Bookings are already in place for 2020 AND 2021.

 

Opportunities are only opportunities when you take advantage of them.

If your finances are in place – we can always put you in contact with our mortgage team – and you are ready to become a vacation home owner in Orlando, give us a call or drop us an email. Simply tell us what you want and how you wish to use the property. We will find you something which works for you!

 

CONTACT US

TEL: 407-383-1051

Orlando 2018 visitor numbers

For several years we have called the previous years visitor numbers to Orlando pretty accurately. But this year we got it wrong. Really wrong! Our previously estimated Orlando 2018 visitor numbers were 72 million visitors . It was however 75 million visitors. That is HUGE!

Now what do you think is going to happen in 2019 when we have the opening of the new Star Wars parks? Fans have been waiting for these for about 20 years. Star Wars has a unprecedented fanbase and the advance bookings have been monumental.

The hotels are full, the vacation homes are full. When we have clients wanting to view resale properties it has become a nightmare. We simply cannot get into many properties because they are all booked.

 

Check out the new Star Wars Video here….

Star Wars Disney Orlando

 

 

 

 

 

 

 

The Orlando 2018 visitor numbers allowed us to have a great year and 2019 looks to be even better. If you are looking to invest in a Disney vacation home, hop over to our main site and take a look.

www.buyorlandoproperties.com 

A modern Orlando

Creating a modern Orlando faces similar challenges to many successful business. Being able to adapt is key to staying on top. Orlando has been a major player for almost 50 years and each year it seeks to improve it’s offerings and attractions. Huge infrastructure investments are currently underway and the Orlando Metro has spread it’s wings to incorporate many more industries outside of tourism. This is why the area is scheduled to more than double it’s population in the next decade or so. How many other cities in the world can say that?

Here is a quick a update of how the theme parks manage to keep Orlando as the Number 1 family destination in the world.

 

The following are just some of the recently completed and ongoing theme park projects…

  • Toy Story Land is scheduled to open in June 2018
  • Star Wars Land is targeted to open it’s doors at Hollywood Studios towards the end 2019
  • TRON Lightcycle Power Run could become the new cornerstone attraction at Tomorrowland in time for Disney World’s 50th anniversary in 2021

 

WDW has already stated that they intend to fill ALL 30,000 rooms to capacity for ALL of 2021 during it’s 50th Anniversary. That will be right around the 25 million guests amount and should leave well over double that amount of guests looking to rent a vacation home, which is great news for owners.

 

Big names like Pininfarina and Jimmy Buffett are putting their names on the Orlando map, by building upscale projects which will have prices to match. The face of tourism in Orlando is definitely going upmarket in key areas and this will introduce a new crowd to the Orlando market. As if we aren’t busy enough as it is!

 

Although the official tourist statistics for Orlando’s 2017 year are not out, we are expecting it to be at around the 71 million marker. This would be an increase of around 3 million visitors from the year previous.

The yearly increase in visitors to Orlando means that demand for accommodation is kept at a premium. Above that families are demanding better quality properties with modern amenities. This is why the big hotels are continuously revamping and why we see a change over from older communities to new communities by families taking vacations in Orlando.

The older communities are still doing well, but the newer communities are getting premium prices and higher occupancy levels. As a future owner of a vacation home in Orlando, it makes sense to buy the most modern property in a community with lots of amenities if your budget allows.

Take a look at the latest vacation home resort communities here.

 

Orlando 2017 Recap

2017 has been an interesting and very busy year for me and the team. We have seen LOTS of announcements about how much new investment there is in the Orlando area. The airport, Highway 192 and more theme parks  costing Billions of dollars, which is great. If the city is growing, locals are working and new business is coming to town, that is fantastic news for the entire area.

We have been absolutely flooded with new enquiries from people from all around the world. Literally every continent has delivered families (Antarctica excluded so far, but we have another 10 days left) and investors looking to purchase a new home in the Orlando area.

As most of you know we work with all of the national, local and international builders who have projects in construction in the Orlando Metro area. What has surprised us a little is the sheer volume of new communities being constructed.

In our opinion this is great news as the volume of families moving to Orlando is huge and even though there are thousands of new homes being constructed, it seems like they are selling as fast as the builders can construct them.

We have now expanded our market from predominantly vacation homes and second homes to now include far more local residential real estate, relocating families and retirees.

 

People move here for many reasons. The climate and the low taxes are predominant reasons, but there are many more important aspects to living in Orlando.

We have same great schools, we are becoming a major industrial and fabrication center, the huge airport expansion at MCO will soon be welcoming an expected 100 million people a year. Only 5 years ago that was the total amount of visitors to the entire state of Florida.

In recent months Pininfarina – the designers behind Ferrari – have joined forces with Magic Development to regenerate Highway 192 and construct a series of new condos, commercial and entertainment projects in conjunction with the county. Just this month Universal purchased another swathe of land in order to build more theme parks.

Just going back to tourism, this holiday season, everything is booked out including the cars. We are just about to hit peak season and the city is going to be jumping. That’s great news for visiting families and even better news for owners of vacation homes who are right now charging top dollar for their properties.

 

If you are in town over the next week or so, drop me a line if you are in the mood to purchase the best present ever for you and the family. I have a couple of excellent opportunities available which will save you thousands.

 

So on that note let me and the team wish you a wonderful holiday season and New Year.

Orlando-Greetings-Card

 

 

Orlando keeps growing

In 2016 Orlando became the city with the fastest growing population and had the fastest growing in employment in the U.S. Orlando just keeps on growing. Growing bigger, growing more popular and simply growing up.

The international airport is being expanded to the tune of $1.1 billion, SunRail is now in operation, the Downtown area is being revamped to name just a few of the exciting developments currently going on. In total over $15 billion is being invested in the Orlando region.

Orlando has grown out of being just a vacation destination into being the number 1 family vacation destination in the world. It is also a center for all manner of manufacturing, pharma, aerospace, logistics and tech industries which keep moving here to enjoy the great climate, the great people and the lower taxes.

Just a few years ago, Orlando held the top spot for property foreclosures in the country, how things have changed. In a recent report out from Zillow, Orlando looks to be on target to become one of the city’s with the best price increases in the U.S.

Whether you are looking to move here or just buy a second home in the Sunshine State, the fact that Central Florida is booming has just got to be a great indicator that you are looking in the right location.

Check out the latest resort community vacation homes for sale in Orlando

Orlando prices on the up

Well buying season is now with us, although according to recent numbers out it has already started. Prices for Orlando Metro were up in February by 2.6% and demand for new homes seems to be far outweighing the amount of listings on the market. Pending sales for March are already up 14% on Februaries numbers.

This leads to one thing and one thing only. Orlando prices on the up and prices will continue to increase.

If you are looking at purchasing a new vacation home, now is the time. Click here to view the latest communities and models.

Orlando Tourism Numbers

The official Orlando Tourism Numbers for 2016 are still a couple of months away from being published, but Florida’s numbers are out. Almost 113 million people visited Florida in 2016. That is about a 7% increase on 2015.

 

Orlando Tourism Numbers

Typically Orlando will see around 2/3’s of all Florida visitors which would represent in the region of 75 million visitors. This year however we are calling this on the more conservative side and are expecting the official number to be declared at closer to the 70 million mark. This will still represent a new record for Orlando tourism numbers and an increase in the region of 5 million year on year.

As well as the increased Orlando tourism numbers an important number for our owners is the Tourist Development Tax which generated $239.5 million in tourist tax during the 2015-2016 fiscal year (thru Sept 2016). This represents an increasing number of guests purchasing accommodation in Orlando.

All of this adds up to explain why our owners are getting around 40 weeks of paid occupancy each year, seeing excellent cash flow and still getting to enjoy their property in Orlando.

If you like the idea of purchasing a vacation home in Orlando visit our main site and discover the latest opportunities.