Central Florida Real Estate News & Trends

More than 9 percent of all foreign buyers who purchased a home in Florida during 2018 chose a property in Central Florida. Orlando is #2 on the list of most popular Florida locations for international home buyers! Brazil now retakes the #1 position from Canada.

Posted by The David Warren Home Selling Team on April 18th, 2019 7:39 AM

Just Listed and Now Available!  270 Snowfields Run in Heathrow Woods! Gorgeous custom estate home with over 3,600 sqft (all single story), open & expansive split floor plan, designer custom kitchen and entertainment bar, marble flooring, custom built-ins, decorative moldings, ceiling details and treatments. Screened cover lanai, waterfront views and situated on a 1.20 acre private home site. Asking $749,000


Posted in:Just Listed and tagged: Just Listed
Posted by The David Warren Home Selling Team on February 24th, 2018 6:56 AM

Just Listed and Now Available! 288 Lake Brittany Court...Heathrow (Clubside). Absolutely stunning golf front luxury Heathrow residence, situated in the private "maintenance free" enclave of Clubside at Heathrow. Featuring 2,733 sqft, 3 bdrm, 3 baths, private brick paver courtyard entry, outdoor living area with pool & spa, travertine flooring throughout, expansive living areas and master suite, golf front views, Chef's "dream" kitchen and so much more! Offered at $569,000. Call/Text Me at 407.938.3760 for details or to schedule a private viewing


Posted in:Just Listed and tagged: Just Listed
Posted by The David Warren Home Selling Team on February 24th, 2018 6:53 AM

JUST SOLD...$287,000! 612 Lakeworth Circle (Heathrow). Very pleased to announce the successful sale and closing of our Heathrow listing today! Call/Text or direct message me if you are curious to know the value of your home in today's market and how we can help you achieve the highest & best price!


Posted in:Just Solds and tagged: Just Sold
Posted by The David Warren Home Selling Team on January 17th, 2018 11:40 AM


$599,000   Just listed...Serene waterfront panoramas can be enjoyed from every living area of this custom Lake Forest Mediterranean masterpiece by Arthur Rutenberg Homes! Magnificently appointed, model-like 4 bdrm, 3 bath, 3-car garage, 3,134 sqft waterfront home reflects a true Pride of Ownership, exquisite construction, exemplary interior decor, and pristine presentation throughout. This unparalleled custom estate home boasts a split/open versatile floor plan with volume ceilings; expansive Chef's Dream kitchen with granite counters, granite island, butler’s pantry and breakfast bar, state-of-the-art stainless built-in appliances and designer custom wood cabinetry; private study with built-in's (optional 4th bedroom); spacious family and living rooms; serene master suite with walk-in closets and separate, private bathroom; upgraded lighting fixtures; decorative crown moldings and ceiling details throughout...all overlooking the wide waterways and brick bridge; spacious outdoor paver screened lanai; and a seemingly infinite array of additional custom upgrades, appointments and lavish inclusions. Lake Forest, voted "Best Community in Central Florida" six times, with canopied oaks, tree-lined neighborhoods, unrivaled views of the 55-acre spring fed lake and waterways. Amenities abound and include a 10,000-SF clubhouse with fitness centers; 6 lighted tennis courts; Jr. Olympic swimming pool; separate spa; kiddies pool; and 24/7 access-gated security. This one-of-a-kind Mediterranean custom offering is a Must See! Please call today!
Posted in:General and tagged: Just Listed
Posted by The David Warren Home Selling Team on November 25th, 2017 4:06 PM

We are VERY pleased to announce that we got our newest listing under contract already!


Posted by The David Warren Home Selling Team on August 22nd, 2017 11:31 AM

Just Listed!!  $315,000.  Offering tranquil lakefront views from all living areas, this Heathrow residence boasts an absolutely pristine presentation, tasteful interior decor and lakefront vistas of Lake Sawyer, which can be enjoyed from every living area. It is priced for immediate sale and move-in ready. The newer roof was installed in 2014, and updated plumbing and new windows have also been added. This well-maintained and serenely situated three-bedroom, two-bath split-bedroom home includes 1,436 square feet of well-designed interior living area with beautiful wood and ceramic tile flooring throughout; a glass-walled great room, separate dining area and a private master retreat, all with expansive vistas of the spacious, fully-fenced backyard and private waterfront views. The cheery kitchen boasts an adjacent breakfast area and includes wood cabinetry, granite countertops and stainless steel appliances. There's also an expanded screened rear entertainment lanai. The enviable curb appeal is augmented by soaring oak trees and meticulously manicured landscaping. This home is serenely situated and idyllically located in Heathrow, one of Central Florida's most respected and desirable residential addresses. Amenities include 24-hour manned security gates, an 18-hole verdant golf course, a country club with dining rooms and banquet rooms, tennis courts, community playgrounds, private parks and acres of nature preserves, lakes and ponds. Located close to local schools, shopping centers and restaurants. Do not delay, call today. http://istyle2.herokuapp.com/279584
Posted in:Just Listed and tagged: Just Listed
Posted by The David Warren Home Selling Team on August 10th, 2017 8:28 AM
Just Sold! Very pleased to announce the closing for our new construction listing over on 120 W. Bay Avenue in Historic Downtown Longwood!

Posted in:Just Solds and tagged: Just Sold
Posted by The David Warren Home Selling Team on July 29th, 2017 2:07 PM
We are very pleased to announce our newest listing, available now!  1741 Travertine Terrace, Sanford, FL 32771.  This is a short sale of a beautifully maintained and well-appointed three-bedroom, two-bath, single-story waterfront townhome situated in the gated community of Greystone. This residence features a brand-new air conditioning system recently installed and under full warranty. Boasting contemporary interior colors and décor, this unique single-story end residence "Austria" design by Taylor Morrison is both versatile and functional. The kitchen features 42-inch wood cabinetry with dual Lazy Susans, solid surface quartz-like countertops and upgraded tile backsplashes. There's lovely wood flooring in all bedrooms, panoramic waterfront views from the living area and master suite, two-car attached garage, newer window blinds and shades, designer lighting fixtures and paddle fans and more. The spacious master suite features picturesque water views, spacious walk-in closet, dual vanities in the adjacent master bath and shower with separate garden tub. This residence is situated in Greystone, a gated townhome community located conveniently near I-4, 417, Heathrow boutique shopping and fine dining, Seminole Towne Center Mall and dozens of other major retailers and restaurants. It is an easy commute to downtown, Disney World, Universal Studios or the beaches of the Atlantic Ocean. Greystone’s private amenities include 24/7 gated entrance, community pool, clubhouse, fitness center and playground. These single-story corner homes are very desirable yet rarely available. Please call today for a private viewing.  Click on the Virtual Link to preview this lovely opportunity:   http://istyle2.herokuapp.com/278242

Posted in:Just Listed and tagged: Just Listed
Posted by The David Warren Home Selling Team on July 28th, 2017 10:47 AM
WASHINGTON – July 18, 2017 – Fueled by a substantial increase in sales dollar volume from Canadian buyers, foreign investment in U.S. residential real estate skyrocketed to a new high. In all five of the top feeder countries buying U.S. real estate, the number of transactions grew, according to an annual survey of residential purchases from international buyers released by the National Association of Realtors® (NAR).

In addition, more than half of all the foreign purchases took place in only three U.S. states: Florida, California and Texas.

NAR's 2017 Profile of International Activity in U.S. Residential Real Estate found that between April 2016 and March 2017, foreign buyers and recent immigrants purchased $153 billion of residential property – a 49 percent jump from 2016 ($102.6 billion) and passing 2015 ($103.9 billion) as the new survey high.

Overall, foreign buyers purchased 284,455 U.S. properties (up 32 percent from 2016), and their purchases accounted for 10 percent of the dollar volume of existing-home sales (8 percent in 2016).

"The political and economic uncertainty both here and abroad did not deter foreigners from exponentially ramping up their purchases of U.S. property over the past year," says Lawrence Yun, NAR chief economist. "While the strengthening of the U.S. dollar in relation to other currencies and steadfast home-price growth made buying a home more expensive in many areas, foreigners increasingly acted on their beliefs that the U.S. is a safe and secure place to live, work and invest."

Although China maintained its top position in sales dollar volume for the fourth straight year, the significant rise in foreign investment in the survey came from a massive hike in activity from Canadian buyers. After dipping in the 2016 survey to $8.9 billion in sales ($11.2 billion in 2015), transactions from Canadians this year totaled $19.0 billion – a new high for Canada.

Yun attributes the notable rise in Canadian activity to U.S. markets that are expensive but still more affordable than properties in Canada. While much of the U.S. continues to see fast price growth, home price gains in many Canadian cities have been steeper, especially in Vancouver and Toronto.

"Inventory shortages continue to drive up U.S. home values, but prices in five countries, including Canada, experienced even quicker appreciation," says Yun. "Some of the acceleration in foreign purchases over the past year appears to come from the combination of more affordable property choices in the U.S. and foreigners deciding to buy now knowing that any further weakening of their local currency against the dollar will make buying more expensive in the future."

Foreign buyers typically paid $302,290 – a 9.0 percent increase from the median sales price in the 2016 survey ($277,380) and above the sales price of all existing homes sold during the same period ($235,792).

Approximately 10 percent of foreign buyers paid over $1 million, and 44 percent of transactions were all-cash purchases (50 percent in 2016).

Foreign sales rise in top five countries

Buyers from China exceeded all countries by dollar volume of sales at $31.7 billion, which was up from last year's survey ($27.3 billion) and topped 2015 ($28.6 billion) as the new survey high. Chinese buyers also purchased the most housing units for the third consecutive year (40,572; up from 29,195 in 2016).

Rounding out the top five, the sales dollar volume from buyers in Canada ($19.0 billion), the United Kingdom ($9.5 billion), Mexico ($9.3 billion) and India ($7.8 billion) all increased from their levels one year earlier.

Foreign sales in top three states

This year's survey again found that foreign buying activity is mostly confined to three states. Florida (22 percent), California (12 percent) and Texas (12 percent) maintained their position as the top destinations, followed by New Jersey and Arizona (each at 4 percent).

Florida was the most popular state for Canadian buyers. Chinese buyers mostly chose California, and Texas was the preferred state for Mexican buyers.

Resident foreigners and non-residents reach new peak

The upswing in foreign investment came from both recent immigrants and non-resident foreign buyers as each increased to new highs. Sales to foreigners residing in the U.S. reached $78.1 billion (up 32 percent from 2016) and non-resident foreign sales spiked to $74.9 billion (up 72 percent from 2016).

"Although non-resident foreign purchases climbed over the past year, it appears much of the activity occurred during the second half of 2016," says Yun. "Realtors in some markets are reporting that the effect of tighter regulations on capital outflows in China and weaker currencies in Canada and the U.K. have somewhat cooled non-resident foreign buyer interest in early 2017."

Looking ahead, Yun believes the gradually expanding U.S. and global economies should keep foreign buyer demand at a robust level. However, it remains to be seen if the shortage of homes for sale along with economic and political headwinds end up curbing sales activity to foreigners.

"Stricter foreign government regulations and the current uncertainty on policy surrounding U.S. immigration and international trade policy could very well lead to a slowdown in foreign investment," says Yun.

NAR's 2017 Profile of International Activity in U.S. Residential Real Estate, conducted April 10 through May 1, surveyed a sample of Realtors to measure the share of U.S. residential real estate sales to international clients, and to provide a profile of the origin, destination and buying preferences of international clients, as well as the challenges and opportunities faced by Realtors in serving foreign clients.
Posted by The David Warren Home Selling Team on July 20th, 2017 8:21 AM