Orlando Summer Update – New Parks and lots of sales

The kids are back in school and the summer is coming to an end. And what a great summer it has been. Normally July and August is when we get a little down time but this year we just kept on selling vacation homes.

So here is your update:

Sonoma Resort is now sold out

Watersong is sold out

Rosemont Woods is sold out

Solterra Resort by Park Square is sold out.

Solterra Resort by Pulte is approximately 50% sold

 

Solara Resort is now selling phase 2

The Retreat at Championsgate is now selling phase 2

Storey Lake is now selling phase 2

 

Orlando is Forbes top pick for property investment:

Orlando Metro home prices increased by 9% in 2017. Local Market Monitor judges the market as fairly valued and forecasts prices will increase 35% by the start of 2021. That optimism is thanks in large part to Orlando’s 7.1% job growth over the past two years and 7.6% population growth over the last three. It also doesn’t hurt that Orlando’s home prices, are 22% below the national average

(https://www.forbes.com/sites/samanthasharf/2018/02/01/best-buy-cities-where-to-invest-in-housing-in-2018/#3e9d6f9e1298)

 

Orlando’s race toward 100M visitors will happen within a decade

Orlando’s annual visitation growth has been impressive since 2008. In fact, after Orlando hit a milestone in 2010 by welcoming 51.4 million visitors — a first for any U.S. destination — each subsequent year has seen on average 3 million to 4 million additional visitors.

If that trend continues, the region will easily hit the 100 million-visitor mark within the next decade and probably well before.

 

Build the Thrills – New Theme Park

Orlando saw the massive impact that a world-class expansion could create back in 2010, when The Wizarding World of Harry Potter opened at Universal Orlando Resort.

On opening day, tens of thousands of people lined up and guests waited hours to have a chance to experience what awaited inside.

 

In 2017 it happened again on a smaller scale when Pandora: The World of Avatar opened at Disney’s Animal Kingdom. Thousands of guests waited an average of two to three hours in queues to get onto the two new rides.

Orlando expects a situation similar to the Harry Potter opening day experience when Star Wars: Galaxy’s Edge open at Disney’s Hollywood Studios in 2019. The park will tap into the huge Star Wars fanbase who have waited for years for this kind of experience.

The last time that a brand new park opened in Orlando was in 1999 when Universal’s Island of Adventure launched. Now we are hearing rumors of a new park. Universal has bought over 800 acres of land and filed for permits for a new theme park, plus new hotels and entertainment centers. No themes, plans or names have been released by Universal so far.

 

As you can see we have been busy, we are busy and it is going to continue.