Neighborhoods Orlando home buyers should consider
When buying real estate in Orlando, you may find that some areas may be more suitable for families with children, while other neighborhoods may be more desirable amongst young professionals. A large part of buying a home in Orlando is the process of narrowing down your options. Here are some neighborhoods in Orlando that are growing in popularity amongst Orlando home buyers.
Consider Palomar in Orlando, Florida
Palomar is a neighborhood located in the upper northwest region of Orlando just off N. John Young Parkway (Route 423) and North Orange Blossom Trail (Route 441). With multiple lakes scattered throughout the area, you can find that homes in this area is either on the shore of a lake or walking distance from one. Orlando homebuyers will find Palomar to be the ideal neighborhood for several reasons. For one, you can find a variety of different home styles to choose from in this area - most of which are single family homes. Being a residential area, you will be moving into a community-style neighborhood with most amenities just minutes away. Residents of Palomar have convenient access to Publix Super Market, Winter Park Village Shopping Center, as well as a number of different restaurants.
With single family homes that range from 2 to 5 bedroom, this neighborhood offers homebuyers a wide range of choices. Property prices range significantly from 2-bedrom homes at $70,000 to real estate that are priced at over $1 million. Apartments and condos are also available throughout the area. However, the median sale price of homes in Palomar is $225,000.
Colonialtown North in Orlando, Florida
Another option for those buying a home in Orlando is Colonialtown North. Colonialtown North is another residential neighborhood that is situated within the borders of Colonial Drive, Bumby Avenue, Nebraska Street and Mills Avenue. Colonialtown North home to about 3,500 residents and about 1,700 properties. This area may be a good option for any type of buyer looking for homes with larger lots and plenty of community interaction. Located just off Route 94, Colonialtown North is a great place for those who need to commute into town for business.
For Orlando homebuyers, Colonialtown North offers a wide range of homes to select from. The median home sale price in this neighborhood was approximately $171,000 during this past year (2012). Though most homes are single-family houses, you can still find condos available here. 2 bedroom/2 bathroom homes are also common; although, it is possible to find larger properties with up to 4 bedrooms.
Audubon Park in Orlando, Florida
For those buying real estate in Orlando and are looking for an area that has a rich historic past and beautiful landscaping, Audobon Park is a fantastic option for you. Recent data show that the median home sale price in Audobon Park is approximately $131,000, which is significantly less than prices in surrounding areas. The average price per square foot in Audubon Park is approx. $94. You will find a wide range of home styles and sizes in this area - including ranch as well as colonial styled homes.
If you are considering buying a home in Orlando, you want to make sure that you do the proper research and weigh all your options when deciding on a neighborhood that is right for you. Keep in mind that these are just a few of the many neighborhoods in this region. Talking to a local real estate agent who is familiar with the real estate in Orlando can definitely help you make a more informed decision.