Central Florida Real Estate and Community News

Aug. 25, 2023

Just Closed | Rock Springs Ridge | 1029 Truffles Court, Apopka FL 32712

Just Closed | Rock Springs Ridge | $529,700.00
1029 Truffles Court, Apopka FL 32712
Congratulations Lynn & Vicki on the closing of your gorgeous home in Rock Springs Ridge. This custom built 3-Bedroom, 3-Bath, 2,567 s/f has been the family home for the last 16 years and I know it was bittersweet to say goodbye. But I'm so excited for you both moving over to Daytona and being where you truly love. On behalf of Kelli, myself, and the entire team at Rock Springs Realty, we thank you both for the trust you put in us to assist with the marketing & sale of your property.
If you, or anyone you know is looking to sell a home in Apopka, Longwood or anywhere throughout the Central Florida area, please contact Joe Bornstein, Broker, Rock Springs Realty at Cell# 407-252-8092, joe@rockspringsrealty.com and I'd be happy to set up a private consultation to discuss your goals & objectives.
"It's All About the Results"
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Aug. 25, 2023

Just Listed | Orchid Estates | $467,900.00 | 4277 Tigris Drive, Apopka, FL 32712

Just Listed | Orchid Estates | $467,900.00
4277 Tigris Drive, Apopka, FL 32712
3-BEDROOM, 2.5 BATHROOM, 2-CAR GARAGE "FAMILY HOME" IN ORCHID ESTATES, APOPKA FL 32712. This beautiful 2-Story Family Home is located in the established community of Orchid Estates and close to Apopka's top-rated schools. Built by Ryan Homes, this "Santa Rosa" model features an open floor plan and 2,557 sqft of living space. Enter into an open Foyer which leads to the formal Dining Room and a huge Family Room (20'x25') which overlooks the back yard. The Kitchen is spacious and features 42" Espresso Cabinets with Crown Molding, Granite Counter Tops, 4'x6' Island which includes a Breakfast Bar & 60/40 Deep Sink, Stainless Steel Appliance Package with Side/Side Refrigerator and a Gas Stove, Custom Tile Backsplash, Tons of Counter & Storage Space, Closet Pantry and Pendent & Recessed Lighting. The entire 1st floor features custom 12"x24" ceramic tile flooring and also includes a Powder Room & Optional Morning Room. The 2nd floor features all bedrooms and a loft area which can be used as a second living room, office, den or playroom. The Master EnSuite is spacious and features a large bedroom (16'x18') that will accommodate all of your large furniture. The Master Bathroom includes an Espresso Vanity with Dual Sinks, Granite Countertop, Walk-In Shower with Custom Wall Tile with Listello Inserts & a Bench Seat and a large Walk-in Closet. Also upstairs find Bedrooms #2 & #3 and a Full Bathroom featuring a Shower/Tub Combo, Single Espresso Vanity with a Silestone Countertop and a Laundry Room which includes Samsung Front Load Washer & Dryer. Additional features include: 9' 3" Ceiling Heights on 1st Floor, Tankless Water Heater, Water Softener/Conditioner, 2-Panel Doors with Brushed Nickle Hardware throughout, Covered Front Porch for relaxing, full sized 2-car garage with door opener, large backyard, irrigation system and much more. Close to dining, grocery store, shopping and easy access to Hwy 429/Wekiva Parkway, Turnpike, I-4, Downtown Orlando, Airports and a 30-minute drive with no traffic lights to the Disney & Major Theme Parks. Contact us TODAY for more information or to schedule a private showing! Offered by Joe Bornstein, Broker and Kelli Crosby, Sales Associate at Rock Springs Realty, Toll # 877-333-2811, www.rockspringsrealty.com.
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Aug. 15, 2023

US cities facing biggest housing shortages | Fox Business

The four US cities facing the biggest housing shortages. 

Antonio, Dallas, Orlando among US cities facing major
housing shortage

Published August 10, 2023 6:00am EDT

Prospective homebuyers across the US are facing a chronic shortage of available houses, but the scarcity is worse in some parts of the country, according to new Bank of America research. 

The analysis found four cities are at the epicenter of this crisis, with three located in Texas - San Antonio, Dallas and Houston. Finishing off the list is Orlando, FL. 

"The hot quadrant includes cities that continue to have fast inward population growth and already relatively stretched housing stocks," the study said. "San Antonio, Dallas, Orlando and Houston all fall under this categorization."

That is largely because these cities are experiencing high population growth, a "booming" labor market and low housing inventory. As of June 2023, Dallas and Orlando both recorded payroll growth that is substantially higher than the national average and continue to attract new residents looking for work, according to the report.  

But that influx of new residents is a double-edged sword, with housing stock relative to population in these cities tumbling below the national average. The national average of housing units per capita was about 0.43% as of 2022, compared to just 0.39% in Dallas and 0.40% in San Antonio. 

As a result, these cities are also seeing home price growth that is far higher than the typical level seen the past two years. When compared with the same month in 2019, home prices in Orlando were up 58%. Dallas saw prices increase by about 49%.

There are signs the cities are working to address the lack of available homes. All four cities saw higher-than-average permits issued per capita during the first five months of 2023, and new multifamily completions are set to hit a record high in 2024 as COVID-19-related disruptions dissipate. 

"So, while the good news is that cities with lower housing supply are already seeing higher construction trends, the question is whether supply will continue to keep up if the inward migration trends are sustained in these growing parts of the country," the study said. "If not, there will continue to be a strong housing need."

There also cities on the opposite end of the spectrum that are experiencing a relatively high housing supply, which is either due to declining population or excess construction. St. Louis and Detroit likely fall into the former category, while Miami may be emblematic of the latter. 

In all three instances, it could mean homeowners should brace for a drop in values.

"So what does this mean for the local housing market?" the note said. "It could mean that house prices might cool faster over the long term when home selling traffic picks up again."

Bank of America conducted the analysis by looking at real-time migration flows based on its internal data and housing stock. 

The findings come as would-be homebuyers and sellers grapple with a nationwide housing shortage. The most recent estimates from Freddie Mac suggest the country is short about 3.8 million units of housing for both sale and rent.  

The lack of inventory has kept prices uncomfortably high, even though mortgage rates are hovering near the highest level in decades

"Current housing market dynamics continue to be fueled by the lack of existing homes available for sale, a trend that did not improve during the spring homebuying season, when more homes are typically put on the market," Fannie Mae economists wrote in the analysis. 

"This has supported a return to home price growth in recent months and continued to boost new home construction."

Posted in General Posts
July 26, 2023

Just Closed | Oakland Park | 973 Tilden Oaks Trail, Winter Garden, FL 34787

Just Closed | Oakland Park | $760,000.00
973 Tilden Oaks Trail, Winter Garden, FL 34787
Sold by Joanne Montchal, Rock Springs Realty, Apopka, FL
Congratulations
Alfredo & Anadela on the closing of your gorgeous new home in Oakland Park. This 3-Bedroom, 2.5-Bath, 2,717 s/f home is located in the exclusive community of Oakland Park in Winter Garden. It features an open design concept, gourmet kitchen, tons of upgrades and located just minutes to historic downtown Winter Garden, dining, shopping and the West Orange trail. On behalf of Joanne and the entire team at Rock Springs Realty, Apopka, FL, we thank you both for the trust you put in us to assist in the homebuying process and wish you much joy & happiness in your new home.
If you, or anyone you know is looking to Buy a home in Winter Garden, Windermere, or anywhere throughout the Central Florida area, please contact Joe Bornstein, Broker, Rock Springs Realty at Cell# 407-252-8092, joe@rockspringsrealty.com and I'd be happy to set up a private consultation to discuss your goals & objectives.
"It's All About the Results"
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July 26, 2023

Just Closed | Fosters Grove at Oviedo | 742 Fosters Grove Loop, Oviedo, FL 32765

Just Closed | Fosters Grove at Oviedo | $950,000.00
742 Fosters Grove Loop, Oviedo, FL 32765
Congratulations
Scott & Brook on the closing of your gorgeous new home in Fosters Grove. This stunning 5-Bedroom, 5-Bath, 4,164 s/f Pool Home was custom designed and included amazing features such as top of the line energy efficiencies such as whole house solar, Low-E double paned windows, hybrid water heater, water purification and an amazing custom saltwater pool. This wonderful family relocated from Colorado and was specifically looking for top Seminole County schools. Thank you both for the trust you put in me to assist in the homebuying process, and I wish you much joy and happiness in your new home.
If you, or anyone you know is looking to Buy a home in Oviedo, Orlando, or anywhere throughout the Central Florida area, please contact Joe Bornstein, Broker, Rock Springs Realty at Cell# 407-252-8092, joe@rockspringsrealty.com and I'd be happy to set up a private consultation to discuss your goals & objectives.
"It's All About the Results"
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June 21, 2023

Just Closed | The Springs | 123 Wisteria Drive, Longwood, FL 32779

Just Closed | The Springs | $960,000.00
123 Wisteria Drive, Longwood, FL 32779
Congratulations
to my Buyers on the closing of their new home in the exclusive gated community of "The Springs". This 4 Bedroom, 3 1/2 Bath, 6,163s/f Resort Style Pool Home is truly one-of-a-kind and sits on a huge 2.44-acre secluded lot in the back of the community.
This was a dream property for my Buyers, and they are so excited about living in this awesome community. Thank you both for the trust you put in me to assist in the homebuying process, and I wish you much joy and happiness in your new home.
If you, or anyone you know is looking to Sell a home in Longwood, Apopka, or anywhere in the Central Florida area, please contact Joe Bornstein, Broker, Rock Springs Realty at Cell# 407-252-8092, joe@rockspringsrealty.com and I'd be happy to set up a private consultation to discuss your goals & objectives.
"It's All About the Results"
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June 20, 2023

Just Sold | Windsong | 1624 Elizabeth's Walk, Winter Park, FL 32789

Just Closed | Windsong | $1,499,000.00
1624 Elizabeths Walk, Winter Park, FL 32789
"Full Price Offer in Less than 24 Hours"

Congratulations
to my customers Paul & Angela on the sale of their gorgeous family home located in the heart of Winter Park in the upscale neighborhood of Windsong. This is one of the most sought-after communities in Winter Park and offers private lakefront access to the entire Chain of Lakes and is located just minutes from Historic Park Ave. This beautifully maintained 5-Bedroom, 5-Bathroom, 3,800 square foot home featured a custom kitchen, spacious living & bedrooms, and a magnificent custom salt-water pool. This truly is an amazing home that perfectly matched the Buyer's needs. We received many showings and a full priced offer in less than 24 hours on the market. It truly was my honor to assist you both with the listing & sale of your home and I wish you much joy and happiness in your new Longwood home.
If you, or anyone you know is looking to Sell a home in Winter Park, Apopka, or anywhere in the Central Florida area, please contact Joe Bornstein, Broker, Rock Springs Realty at Cell# 407-252-8092, joe@rockspringsrealty.com and I'd be happy to set up a private consultation to discuss your goals & objectives.
"It's All About the Results"
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May 22, 2023

Just Closed | Rock Springs Homesites | 4604 Rock Springs Road, Apopka, FL 32712

Just Closed | Rock Springs Homesites | $234,900
4604 Rock Springs Road, Apopka, FL 32712
Congratulations to my customers David & Ashley on the closing of their home in Apopka. This unique waterfront home received “multiple offers” and a ton of interest prior to us finding the perfect buyer. This was a smooth transaction and the buyers are overjoyed with their new home. It truly was my honor to assist you both with the sale and I wish you the best of luck on your new adventures in North Florida.
If you, or anyone you know is looking to Sell a home in Apopka, Longwood, or anywhere in the Central Florida area, please contact Joe Bornstein, Broker, Rock Springs Realty at Cell# 407-252-8092, joe@rockspringsrealty.com and I'd be happy to set up a private consultation to discuss your goals & objectives.
"It's All About the Results"
May 22, 2023

Just Closed | The Palms | 2137 Palm View Drive, Apopka, FL 32712

Just Closed | The Palms | $515,000.00
2137 Palm View Drive, Apopka, FL 32712
Congratulations to my customers & friends Robert, Megan & the kids for closing on their new home in the gorgeous community of The Palms. This beautifully maintained 2,700 square foot home featuring a custom kitchen and a spacious great room with a wood burning fireplace and a huge screened enclosed porch, which is perfect for entertaining. This is an incredible home that perfectly matched the Buyer's needs. It truly was my honor to assist them with this purchase and I wish them much joy and happiness in their new home.
If you, or anyone you know is looking to Sell a home in Longwood, Apopka, or anywhere in the Central Florida area, please contact Joe Bornstein, Broker, Rock Springs Realty at Cell# 407-252-8092, joe@rockspringsrealty.com and I'd be happy to set up a private consultation to discuss your goals & objectives.
"It's All About the Results"
April 27, 2023

Just Closed | City of Apopka | 205 W. Grossenbacher Drive, Apopka FL 32712

Just Closed | City of Apopka | $424,000.00
205 W. Grossenbacher Drive, Apopka FL 32712

Congratulations to my good friends & customer Red & Candice on the closing of their longtime family home in Apopka. This custom build pool home is gorgeous and sits on an oversized private lakefront lot. We had tons of interest and multiple offers before closing right at full asking price. It truly was my honor to assist you both with the sale and I wish you the best of luck moving forward.

If you, or anyone you know is looking to Sell a home in Apopka, Longwood, or anywhere in the Central Florida area, please contact Joe Bornstein, Broker, Rock Springs Realty at Cell# 407-252-8092, joe@rockspringsrealty.com and I'd be happy to set up a private consultation to discuss your goals & objectives.
"It's All About the Results"
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