Celebration FLA, man did we screw up!

[Papa Deuce]

4 years ago, my wife and I were considering buying a home there as a rental property / investment. We chose not to. Then today, on the front page of the Philadephia Inquirer's real estate section, there is a story on Celebration.

Home values are up 300% over the last five years. A 1400 s.f. home goes for nearly 450,000, according to the article.

What a missed opportunity!

Congratulations to all you lucky folks who bought in 5 years ago!

 

[mommaU4]

300%? Wow. You guys really missed out huh?

Oh, that's not nice. I'm just kidding.
Seriously, who knew? Woulda, coulda, shoulda, as my aunt would say. Oh well. Someone out there is very happy no doubt. Don't worry, your turn will come.

 

[tiberius]

Well, there goes my dream of retiring near Disney.

 

[TeresaNJ]

I feel your pain. My husband and I looked there about three years ago also, and thought "way too expensive". Who knew? We just visited two weeks ago with my brother and his wife and checked out the real estate ads there. OMG, if we had only bought then. Oh well, live and learn.

 

[happybratpack]

Wow, I hadn't looked at pricing there in years. I just searched a little online and about fell over. I can't believe it's gotten so $$$$.

 

[zippeedee]

I was visiting a friend in Orlando about 10 years ago. He took me to a huge vacant lot on the other side of the Crossroads Plaza and we visited the Celebration pre-sale center. It was a trailer with a fake front and porch that made it look like a gorgeous model home. Even the pre-sale prices were too much for me! I really wish I'd kept the brochures though.

 

[Swimnoid]

Not only that but they are hard to get. A friend of ours tried to bid on two houses there last year and by the time their bid was in the houses were already gone!

 

[Feralpeg]

The home prices in the Orlando area have gone crazy in the past year. The base price of my home has doubled since I purchased it less than two years ago.

 

[CPM]

Not just Orlando. Florida in general, especially on the coasts.
Seems to be starting to level off.

 

[Planogirl]

I was about to ask if this wasn't happening in all of Florida. That place is just getting way too crowded!

 

[Shutterbug]

I was about to ask if this wasn't happening in all of Florida. That place is just getting way too crowded!

Kind of amazes me seeing that each year we seemed to have more and more hurricanes.

 

[CPM]

I was about to ask if this wasn't happening in all of Florida. That place is just getting way too crowded!

Yes, it's just crazy! Every time I turn around there is a new development being built. The traffic is getting just as bad as Boston, where I left! LOL
At least the weather is better, with exception to hurricanes!

 

[mickeyfan2]

4 years ago, my wife and I were considering buying a home there as a rental property / investment. We chose not to. Then today, on the front page of the Philadephia Inquirer's real estate section, there is a story on Celebration.

Home values are up 300% over the last five years. A 1400 s.f. home goes for nearly 450,000, according to the article.

What a missed opportunity!

Congratulations to all you lucky folks who bought in 5 years ago!

We look at this too, but I remember a clause that you had to live in the home for 9 months of the year. They wanted residents not investors.

 

[Mari annie]

We looked when the town first opened, it's wonderful, forget about all the odd stories you heard, it's a great place!

Invest if you can.
The people are wonderful and whata place to go home* to!!!

2 weeks for 2 weeks.

They were wrong, it's not 300% more like 5!



WE LOVE CELEBRATION!!!!

 

[dvcgirl]

Not just Orlando. Florida in general, especially on the coasts.
Seems to be starting to level off.

Well, I keep hearing talk that we're moving slowly into being a "buyer's market", but it appears to me that we're already there. Housing inventory is up over four times what it was last April. Houses are taking longer to sell, and sellers can no longer name their price.

 

[C.Ann]

Well, I keep hearing talk that we're moving slowly into being a "buyer's market", but it appears to me that we're already there. Housing inventory is up over four times what it was last April. Houses are taking longer to sell, and sellers can no longer name their price.

----------------------------

I think that may depend on the specific area.. My brother and his girlfriend purchased a pre-built home a year ago and just sold it last week for an astronomical profit.. They had a long list of buyers before it was even completed..

 

[dvcgirl]

----------------------------

I think that may depend on the specific area.. My brother and his girlfriend purchased a pre-built home a year ago and just sold it last week for an astronomical profit.. They had a long list of buyers before it was even completed..

The market has slowed considerably here on the re-sale side. New homes seem to be a little delayed in the process, but will follow eventually....and likely to be soon. There were 2,700 homes on the market here last April. In the summer, houses were on the market for less than a week with multiple bidders. Now, houses are taking much longer to sell and sellers are having to drop their prices at times to move it. We're up over 10,000 houses on the market now in the Greater Orlando Area. Profits are obviously still there for anyone who bought more than a few months ago. However, it's not as much of a profit as they would have gotten last summer.

 

[C.Ann]

The market has slowed considerably here on the re-sale side. New homes seem to be a little delayed in the process, but will follow eventually....and likely to be soon. There were 2,700 homes on the market here last April. In the summer, houses were on the market for less than a week with multiple bidders. Now, houses are taking much longer to sell and sellers are having to drop their prices at times to move it. We're up over 10,000 houses on the market now in the Greater Orlando Area. Profits are obviously still there for anyone who bought more than a few months ago. However, it's not as much of a profit as they would have gotten last summer.

-------------------------------

Sorry - didn't realize you were speaking only of the Orlando area.. His was in an exclusive area just outside of Vero Beach..

 

[Mishetta]

We too looked in Celebration in 2000. Prices were comparable to our area in Metro Detroit area but the houses were smaller. We thought the houses were too close to the roads, & none just really knocked our socks off. Of course now thinking back... Live & learn!

 

[taylor1293]

Well, I keep hearing talk that we're moving slowly into being a "buyer's market", but it appears to me that we're already there. Housing inventory is up over four times what it was last April. Houses are taking longer to sell, and sellers can no longer name their price.

I agree that it appears we are already there. We moved from Oviedo to Tampa last year. I remember checking realtor.com for housing in Oviedo last May. I think there were about 40 listings on the market. I just checked, and now there are 399 listings in Oviedo alone.

Houses in the neighborhood we live in now have been for sale for months. The one across the street from us has been vacant and for sale since October.

Another thing I've noticed is that a year ago, you'd be hard pressed to find a new community that had not pre-sold all their inventory. Now the building companies are offering thousands in incentives, lower financing for a short period of time, and offering to cover all closing costs.

Teresa