A Historic Summer For Orlando Real Estate
The Great Florida Migration
Orlando is a very popular place these days as The Great Migration to Florida remains in full-effect! We have been receiving many calls from buyers from California, New York, & New England, in particular, who are looking to Florida for its beautiful weather & tax benefits (now that they have the ability to work remotely).

Interestingly-enough, 3 of our last 4 contracts attracted sight unseen buyers from out of state who saw our video marketing efforts & fell in love with the listings. We’re also seeing the return of the international buyer, many of whom are cash buyers looking for a vacation home.
Disney Parks Moves to Lake Nona
The long-rumored relocation of Disney’s theme parks division to Lake Nona is officially public news. According to reports, 2,000 jobs (avg. salary $120K) will make the transition from California to Orlando, adding fuel to an already scorching hot Lake Nona real estate market.

32827 is easily the hottest zip code in Orlando right now with prices soaring in the last year alone. That’s good news for surrounding areas like St. Cloud, Meadow Woods/Southchase + Moss Park, which should all benefit from the trickling out of buyers who are priced out of Lake Nona proper.
Sellers Are Cashing In!
As expected, this summer market has been nothing short of historic. Multiple offers are the norm & sellers are pocketing incredible amounts of equity. We’ve seen some sellers make out extremely well lately & that is so cool to see!

Keep in mind that we are seeing a bit of a shift for the first time in a while. Inventory is slowly ticking upwards & we’re also approaching the fall season, so bidding wars are starting to become less intense, particularly in higher price points. If you’re considering selling, you might want to do so soon. 
Surprising Rate Drop For Buyers
Did you hear? Rates have actually dropped again (somewhat unexpectedly due to renewed Covid fears). The average 30 year rate is now 2.78%, down from 3.18% back in April. Most experts do expect rates to edge upward again by year’s end, largely in an effort to alleviate some of the strain on the severe inventory shortage. Ultimately, it will likely be increasing mortgage rates that lead to a more balanced market as some buyers will shy away from purchasing.

But for now, it’s still a great time to buy if you can get a house under contract. Yes, it’s tough out there for buyers, but stay with it, these rates present an incredible long-term opportunity for you.
It's Foodie Season!
Epcot’s longest Food & Wine Festival ever is underway (runs through Nov. 23rd). Eat & drink your way “around the world” while mixing in a few rides along the way during this annual can’t miss event. 

Miss out on Bite 30? Good news, Orlando's other month-long restaurant promotion, Magical Dining, starts August 27th & runs through October 3rd.

For just $37, enjoy a 3-course meal at any of the nearly 75 participating restaurants.

Record Month for RRG!
We’ve closed $1.82 million in the last 30 days + have another $1.67 million in contract. It sort of doesn’t even seem real to be honest.

We truly can’t thank everyone enough for your support & belief in us as we help navigate you through the complex waters of such an important financial decision.

Please reach out anytime if we can ever assist you or someone you know.