Star Tower Real Estate Market Update
Zip Code 32801 Condo Report
+11%
+15.4%
Avg Sale Price (32801 Condos)
Avg Rental Rate (32801 Condos)
2021 vs 2022
2021 vs 2022
Hi Neighbor, The sudden rise of interest rates and inflation fears have left many wondering whether real estate activity in Downtown Orlando will slow down. So far, the numbers have shown no cause for concern. The average sale price for condominiums has risen 11% when compared to 2021. Will this trend continue? That remains to be seen. Downtown Orlando however, remains a seller’s market for the time being. New residential development in Downtown Orlando continues to rise. Major projects like Modera Creative Village (Open Now), Society Orlando (Opening 2024) the Alexan (Opening 2023) and The Edge (Opening 2024) will bring hundreds of apartments to the area. With rental rates increasing 15.4% over the last year and vacancy rates remaining low, Downtown Orlando remains attractive for multi-family developers. Good news for condominium owners is that due to scarce inventory and no immediate condo projects on the horizon, values are likely to be protected for an extended period of time.
Evan Caulfield
Professional Real Estate Advisor
407.432.9767 Evan@stockworth.com
© 2022 Stockworth Realty Group LLC. All Rights Reserved. Stockworth™ is a registered trademark licensed to Stockworth Realty Group LLC An Equal Opportunity Company. Equal Housing Opportunity.
Star Tower Real Estate Market Update Current Activity in Star Tower Status
Address
Beds
Full Baths
Half Baths
Living Area
Price
Price Per SqFt
Date Sold
Active
Unit 1102
2
2
0
1,765
$514,850
$291.70
Active
Unit 802
2
2
0
1,765
$519,000
$294.05
Pending
Unit 801
2
2
1
2,000
$655,000
$327.50
Sold
Unit 1207
2
2
0
1,765
$500,000
$283.29
5/12/2022
Sold
Unit 1002
2
2
0
1,765
$515,000
$291.78
5/25/2022
Sold
Unit 1503
2
2
0
1,765
$540,000
$305.95
7/6/2022
Sold
Unit 609
2
2
1
2,000
$638,500
$319.25
4/28/2022
Sold
Unit 709
2
2
1
2,000
$642,600
$321.30
5/1/2022
Sold
Unit 601
2
2
1
2000
$675,000
$337.50
6/15/2022
Sold
Unit 604
2
2
1
2000
$702,250
$351.13
4/5/2022
*Active and Pending records reflect current activity as of July 11, 2022* *Based on information from the Orange Property Appraiser. This information may or may not include all properties sold in Star Tower during the reporting period. The accuracy of information in this report is dependent upon the aforementioned source, and is not guaranteed. If your property is presently listed with another broker, this is not a solicitation of that listing.
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Compliments of Evan Caulfield
407.432.9767
Evan@stockworth.com