Home Prices in Orlando
At a recent seminar I attended by the Trump organization, the lecturer indicated that the nationwide average for home appreciation was 200% every 10.2 years. In otherwords, every 10.2 years the value of your home doubles.
Looking at the recent trends for each month and over an 8 year period, you will see that the current appreciation percentage in Orlando for the the month of November is roughly 229% (again this is for only 8 years, not 10.2 as the national average represents). Please see below:
NOV 1999 ............................................................... $102,488
NOV 2000 ............................................................... $107,731
NOV 2001 ............................................................... $125,846
NOV 2002 ............................................................... $138,663
NOV 2003 ............................................................... $153,567
NOV 2004 ............................................................... $182,300
NOV 2005 ............................................................... $249,900
NOV 2006 ............................................................... $250,000
NOV 2007 ............................................................... $235,000
*Source: Orlando Regional Realtor Association
Orlando Real Estate