News Summary
Orlando is experiencing a rise in luxury home demand, with listings starting at $5 million as wealthy individuals relocate to the area. Meanwhile, Newberry Homes plans to launch an affordable housing project called ‘Six in the City’ to address community housing needs. The Greater Orlando Builders Association is also organizing its annual Parade of Homes, showcasing over 70 properties to highlight current trends in both luxury and affordable real estate. This mix of developments aims to accommodate diverse living options for residents amidst a competitive market.
Orlando is witnessing a surge in demand for luxury homes, with listings now starting at $5 million as of April 2025. Wealthy individuals are relocating to Central Florida, contributing to this demand. However, many luxury properties remain on the market for over 100 days, indicating a potential imbalance between supply and demand. This data, sourced from Seattle-based real estate firm Redfin, highlights trends in the luxury housing market as the region grapples with rising prices.
In light of the luxury market’s expansion, Newberry Homes is set to introduce a new affordable housing project, addressing the growing need for single-family homes in Downtown Orlando. On April 23, 2025, the company will host a ribbon cutting and Champagne toast for the unveiling of their “Six in the City” development in the College Park neighborhood. This community will consist of six tandem single-family homes designed to meet local housing needs.
Each of the six homes will include three bedrooms, 2.5 baths, a garage, and two stories of living space, catering to the desires of families looking to reside in the area. College Park is known for its vibrant nightlife, diverse restaurant scene, and excellent schools, making it a desirable locale for newcomers.
In conjunction with the launch of new developments, the Greater Orlando Builders Association (GOBA) will host its 72nd annual Parade of Homes from May 10 to May 18, 2025. This year’s event showcases over 70 homes, including both new constructions and remodeled properties. Participants can enjoy free self-guided tours, offering a close look at the latest in home design and craftsmanship.
The showcase home for the Parade of Homes is the Varen Transitional by Toll Brothers, valued at $5.5 million. Situated in the Saddlecrest at Windermere community, this expansive property spans over 5,000 square feet and features five bedrooms, five full baths, and one half bath, with double kitchen islands and large staircases enhancing its appeal.
The Parade of Homes not only spotlights new and remodeled housing but also serves as a platform to foster relationships and opportunities within the housing and construction industries. Judging panels will consist of industry professionals from across Florida and the nation, evaluating entries for craftsmanship and design quality. Builders can gain recognition through merit awards, which can significantly enhance their marketing efforts.
As rental prices and living costs rise in urban centers, initiatives like “Six in the City” aim to balance the luxury home market’s growth with accessible housing options. Newberry Homes seeks to create homes that reflect the needs of the community, ensuring that families have viable options in an increasingly competitive market.
With a mix of luxury and affordable housing developments emerging in Orlando, the city is actively working to provide diverse living options for its residents. Interested visitors and potential homebuyers can plan their routes for the Parade of Homes by visiting the event’s official website, where they can also search for participating properties and learn more about unique opportunities in Orlando’s evolving real estate landscape.
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Additional Resources
- WFTV: Orlando’s Most Expensive Homes Market
- Wikipedia: Real Estate in Orlando
- Fox Weather: Lake Mary Tornado Drone Video Destruction
- Google Search: Orlando Real Estate Market
- Orlando Weekly: 100-Year-Old Orlando Bungalow for Sale
- Encyclopedia Britannica: Real Estate
- The Apopka Chief: Apopka Homes on Display
- Google News: Orlando Housing Trends
