With the sale of a record 475 homes in 2013, the Lake Nona neighborhood has made its way on to RCLCO’s list of the nation’s “top-selling master-planned communities of 2013”. RCLCO is a research firm focusing on the nation’s real estate markets and has been conducting a national survey every year since 1994.
The firm placed the Lake Nona neighborhood thirteenth in its top 20 list, a spot higher from the 2012 rank and real estate agents in Orlando are feeling upbeat about it.
Lake Nona is Orlando’s top-selling community
Master-planned communities in a neighborhood thrive upon the confidence of consumers that the neighborhood in question is a good place to live and invest. Orlando realtors hold that Lake Nona continues to be the top seller in the Orlando real estate market two times in a row because it offers a contemporary, not to mention, a diverse housing portfolio.
The Laureate Park neighborhood, for example, located in Lake Nona’s Medical City saw the sale of 268 homes in 2013, 132 more than the sales in 2012.
Lake Nona was also featured in the top 20 U.S. master-planned communities by another compiler – the John Burns Real Estate Consulting Inc. In this list, the top-selling real-estate sub-market of Southeast Orlando jumped two places up, from number 16 in 2012 to number 14 in 2013.
With a total of 475 residential properties sold in 2013, housing sales in Lake Nona jumped up 8 percent from their previous record of 441 net sales in 2012.
Both the compilers placed Florida’s Ocala master-planned community, ‘The Villages’ at the top of their ‘national top 20’ lists for 2013. With a net sales hike of 20 percent from the previous year, The Villages held its top position from 2012. It sold 3,419 residential properties in 2013, compared to the 2,851 sold in 2012.
Implications for the Orlando real estate market
Master-planned communities in Lake Nona are centered on on-site employment bases like the Medical City, which is an emerging biotechnology hub spread across 600 acres. The community offers amenities like colleges, schools, hospitals, restaurants, and shops, in addition to proximity to several of Orlando’s hospitals and medical research centers which are together expected to bring around 30,000 jobs in the next three years.
Further, as noted by several Orlando realtors, increased residential sales are set to propel commercial growth of the area which in turn is going to drive in more residential sales. https://orlandorealtyconsultants.com/
