Dr Phillips v College Park: A comparison of different, but very successful Orlando locations

I enjoy showing newcomers all the choices they have in the Central Florida area, and I appreciate the opportunity to educate locals, here for many years, concerning the current trends that affect the value of their homes. 

Case in Point: 
Dr. Phillips: An area known for its consistent developments. Close to "The Parks" (Disney, Universal, Sea World, etc.) as well as Lockheed Martin, it is a terrific location for people that work in these locales.

College Park: Central to Downtown Orlando, College Park has been enjoying strong interest in recent years. The continued expansion of the hospital systems in the Downtown Area, proximity to major highways, and the new SunRail commuter rails are only a few of the attributes that this "Small Town, Down Town" section of the city now possesses.

Here is one way these two areas compare: 

This is a report compiled by Trendgraphix which illustrates the Average Days on Market vs. the Sales Price/Listing Price Ratio (in other words, how close were the sellers to getting the sale price they listed.)

Dr. Phillips: 32836 Zip Code

It's a pretty steady market in the DP area: The sold prices increased, but the Days on Market increased even more. Bottom line: be ready to wait longer than your neighbor did when she sold, last year.  Buyers have choices, but the value is there for Dr. Phillips homeowners.

College Park: 32804 Zip Code

College Park is experiencing longer Days on Market numbers as well, but not as long, on average as DP. Price per square foot is lower in College Park (than the Dr. Phillips area), but it is a Seller's Market, as inventory is very low. 

Two distinctly different areas of Orlando with strong markets. 

When you dig into the numbers, you see the strengths and weaknesses of locations, and can strategize to meet your personal property goals. 

Contact me today for the latest factors affecting the value of your home -