Dr Phillips homeowners once again are in the driver’s seat when it comes to leveraging their investment. It was only a matter of time for home values in sought after neighborhoods like Dr Phillips to stop declining and start showing value again.
It shouldn’t surprise anyone that cities, towns and areas that have that great location, award winning schools and a history of holding value, come back first. Real estate will always be about location but add to this the lack of available homes for sale, the stage is set for increases in appreciation.
Today’s inventory of homes are at their lowest level since 2006, the peak of the housing boom which means sellers no longer have to compete will all the distressed properties that once littered the metro Orlando real estate market. There are a few outer Orange County Florida communities just now starting to bottom but Dr Phillips has been going strong for a good year now.
Just looking at single family homes located in Dr Phillips for sale under $300,000, buyers have a whopping eleven homes to choose from. That’s a far cry of where we were a few years ago and will be more of the norm than a market aberration.
As of today there are currently 94 single family homes under one million dollars in Dr Phillips. Here’s our top 24 properties for sale throughout southwest Orange County, Dr Phillips, Windermere and Winter Garden, happy hunting and watch out for those drivers!
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