ORANGE COUNTY, Florida. – One day after Walt Disney World announced that it would move 2,000 high-wage jobs from Southern California to Lake Nona, the question arose: where will they live?
This is because the Orlando housing market has one of the lowest offers for homes in history, with demand at an all-time high.
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The latest market report from the Orlando Realtors Association for June shows housing supply is down 53% from June 2020. Demand drove the average price of a home to $ 315,000, which averaged $ 300,000 last month.
Also in May, a house was on the market for an average of 36 days. In June there were only 19 days left.
“We’re excited to have you come here, we look forward to growth,” said real estate agent Rob Rahter of Real Estate Company Stockworth. “But we need more inventory, we need more houses on the market.”
Following Disney’s announcement on Thursday and out of curiosity on Friday, Rahter searched how many homes were for sale within 5 miles of the core of Lake Nona, and Rahter only found 59 homes for sale for the 2,000 employees working within Should be here for 18 months.
Disney has not yet announced where the campus will be located.
“We need more inventory, we need builders to catch up, and we need more salespeople who choose to sell,” he said. “The good news is that Lake Nona is the perfect place. You have the growth, you have the structure and the development is coming. “
In a statement to News 6, Tavistock Development said it was confident it would have enough housing to accommodate not only the 2,000 employees who are expected to move with their families, but the 1,000+ people who move on each week Orange County drag.
“Lake Nona is well positioned to meet growing demand with thousands of future housing units in our 17 square mile community in addition to the tens of thousands of eligible units in our Sunbridge community,” wrote Jessi Blakely, Vice President of Tavistock Development Company.
For an upcoming episode of Possible solutions, we would like to highlight the people or organizations that are fighting for change and working to solve the housing problems in the Orlando area.
In order to find these people, we ask for your help.
Fill out the short survey below, or Click here If you can’t see it, let us know who’s on the front lines in the community on this issue. We would also like to hear your thoughts on the situation, how it affected you and what you think needs to be changed.
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