Dr. Phillips Real Estate Market (2021) | Housing Market Overview

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Data updated
Data updated:
March 1, 2021

Dr. Phillips Real Estate market statistics and latest trends - March, 2021

For Sale Statistics

February, 2021

Average Homes Prices: $527,636
Average Price Per Square Foot: $193.13
For Sale Inventory: 70 Properties
Homes Sold: 56 Properties
Average Time To Sale: 68 Days
Average Mortgate Rates: 2.73%

For Rent Statistics

February, 2021

Average Rental Price: $2,547
Average Rental Price Per Square Foot: $1.16
For Rent Inventory: 24 Properties
Homes Rented: 30 Properties
Average Time To Rent: 48 Days

Demographics

Area´s Population:

2,608,147 People

Average Household Income:

$61,876 Per Year

Area´s Area Size

3,489.5 Square Miles

*Data provided by StellarMLS and Orlando Realtors Association

StellarMLS and Orlando Realtors Association

Acres of sprawling citrus groves as far as the eye could see. In a word, that was Dr. Phillips 50 years ago. In due time the once dominant citrus and agricultural industries gave birth to one of the most luxurious and beloved suburbs in Florida. Now, the Dr. Phillips real estate and housing market is one of the strongest in central Florida, and statistics from the last decade document its clear rise. Indeed, the Dr. Phillips housing market is competitive for its high average home price, growing population and robust economy. Therefore, a Dr. Phillips home or real estate investment is a good idea for any family looking to make their next big move. Contact Orlando Homes for Sale today!

Your Most Up to Date Dr. Phillips Housing Market Overview

All in all, the Dr. Phillips real estate market is showing signs of long-term development and growth.

Emphatically, and to the delight of sellers, sales are going up as buyers compete for these luxury, lake-front properties.

The Dr. Phillips real estate forecast for the next decade looks highly profitable, and with Orlando Homes for Sale in your corner, you can maximize your ROI.

What Is the Average & Median Home Price in Dr. Phillips, Florida?

In effect, as buyers flood the market and there are fewer properties available, the average and median home prices in Dr. Phillips go up.

According to data from orlandorealtors.org, the average February, 2021 home price in Dr. Phillips was $527,636 while the median home price was $452,500.

March, 2020
Homes Prices Average Median
Condo $225,000 $199,000
Townhouse $308,899 $289,000
Single Family $455,580 $405,000
Overall $398,696 $357,500
April, 2020
Homes Prices Average Median
Condo $167,667 $160,000
Townhouse $342,571 $356,000
Single Family $612,711 $525,000
Overall $501,466 $368,000
May, 2020
Homes Prices Average Median
Condo $329,950 $329,950
Townhouse $326,500 $326,500
Single Family $569,013 $525,000
Overall $528,822 $415,000
June, 2020
Homes Prices Average Median
Condo $222,000 $220,000
Townhouse $337,864 $335,000
Single Family $533,622 $434,900
Overall $462,985 $385,290
July, 2020
Homes Prices Average Median
Condo $238,750 $180,000
Townhouse $335,143 $333,000
Single Family $568,171 $465,000
Overall $512,532 $430,000
August, 2020
Homes Prices Average Median
Condo $218,300 $227,000
Townhouse $332,859 $329,000
Single Family $523,204 $440,000
Overall $457,675 $395,000
September, 2020
Homes Prices Average Median
Condo $139,250 $139,250
Townhouse $336,518 $319,000
Single Family $480,764 $418,000
Overall $450,237 $407,000
October, 2020
Homes Prices Average Median
Condo $284,250 $244,500
Townhouse $302,211 $285,000
Single Family $536,439 $482,450
Overall $477,624 $425,000
November, 2020
Homes Prices Average Median
Condo $217,983 $243,250
Townhouse $394,738 $370,000
Single Family $577,960 $533,000
Overall $505,447 $449,950
December, 2020
Homes Prices Average Median
Condo $241,357 $228,000
Townhouse $309,037 $298,000
Single Family $569,286 $493,144
Overall $462,403 $398,750
January, 2021
Homes Prices Average Median
Condo $308,750 $216,250
Townhouse $388,997 $412,490
Single Family $498,772 $440,000
Overall $455,085 $428,850
February, 2021
Homes Prices Average Median
Condo $308,286 $230,000
Townhouse $349,155 $340,000
Single Family $619,708 $535,000
Overall $527,636 $452,500
Average home price for the last 12 months in Dr. Phillips, Florida
Condo
Townhouse
Single Family
Overall
Average home price for the last 12 months in Dr. Phillips, Florida

For Sale Average Price per Square Foot: Dr. Phillips Real Estate

Because Dr. Phillips real estate is high quality, even luxury, the average price per square foot skews high.

Accordingly, February, 2021 Dr. Phillips real estate market trends and data show that this figure was roughly $193.13.

March, 2020
Average Price Per Square Foot $172.02
April, 2020
Average Price Per Square Foot $185.28
May, 2020
Average Price Per Square Foot $188.46
June, 2020
Average Price Per Square Foot $187.00
July, 2020
Average Price Per Square Foot $185.80
August, 2020
Average Price Per Square Foot $185.28
September, 2020
Average Price Per Square Foot $182.85
October, 2020
Average Price Per Square Foot $195.69
November, 2020
Average Price Per Square Foot $188.13
December, 2020
Average Price Per Square Foot $187.76
January, 2021
Average Price Per Square Foot $202.04
February, 2021
Average Price Per Square Foot $193.13
Average price per square foot for the last 12 months in Dr. Phillips, Florida
Average Price Per Square Foot
Average price per square foot for the last 12 months in Dr. Phillips, Florida

Dr. Phillips for Sale Real Estate Inventory

To summarize, the number of Dr. Phillips properties for sale is on the decline.

Specifically, property inventory in February, 2021 was just 70.

With 42 single-family homes, 22 condos and 6 townhomes listed that month.

However, this should not discourage home buyers.

Indeed, new developments continue to pop up all over the Orlando region.

March, 2020
For Sale Inventory
Condo 30
Townhouse 12
Single Family 88
Overall 130
April, 2020
For Sale Inventory
Condo 22
Townhouse 9
Single Family 77
Overall 108
May, 2020
For Sale Inventory
Condo 32
Townhouse 17
Single Family 97
Overall 146
June, 2020
For Sale Inventory
Condo 27
Townhouse 16
Single Family 84
Overall 127
July, 2020
For Sale Inventory
Condo 24
Townhouse 18
Single Family 79
Overall 121
August, 2020
For Sale Inventory
Condo 29
Townhouse 20
Single Family 88
Overall 137
September, 2020
For Sale Inventory
Condo 26
Townhouse 10
Single Family 77
Overall 113
October, 2020
For Sale Inventory
Condo 22
Townhouse 10
Single Family 79
Overall 111
November, 2020
For Sale Inventory
Condo 20
Townhouse 6
Single Family 72
Overall 98
December, 2020
For Sale Inventory
Condo 26
Townhouse 7
Single Family 75
Overall 108
January, 2021
For Sale Inventory
Condo 26
Townhouse 7
Single Family 68
Overall 101
February, 2021
For Sale Inventory
Condo 22
Townhouse 6
Single Family 42
Overall 70
For sale inventory for the last 12 months in Dr. Phillips, Florida
Condo
Townhouse
Single Family
Overall
For sale inventory for the last 12 months in Dr. Phillips, Florida

Sold Homes in Dr. Phillips

In February, 2021 the number of Dr. Phillips properties sold amounted to 56.

Including 38 single-family homes, 11 townhomes and 7 condos closed on that month.

March, 2020
Homes Sold
Condo 4
Townhouse 10
Single Family 28
Overall 42
April, 2020
Homes Sold
Condo 7
Townhouse 6
Single Family 37
Overall 50
May, 2020
Homes Sold
Condo 2
Townhouse 2
Single Family 20
Overall 24
June, 2020
Homes Sold
Condo 5
Townhouse 9
Single Family 33
Overall 47
July, 2020
Homes Sold
Condo 4
Townhouse 7
Single Family 42
Overall 53
August, 2020
Homes Sold
Condo 7
Townhouse 6
Single Family 37
Overall 50
September, 2020
Homes Sold
Condo 2
Townhouse 5
Single Family 39
Overall 46
October, 2020
Homes Sold
Condo 4
Townhouse 7
Single Family 34
Overall 45
November, 2020
Homes Sold
Condo 6
Townhouse 8
Single Family 36
Overall 50
December, 2020
Homes Sold
Condo 7
Townhouse 15
Single Family 36
Overall 58
January, 2021
Homes Sold
Condo 2
Townhouse 11
Single Family 70
Overall 83
February, 2021
Homes Sold
Condo 7
Townhouse 11
Single Family 38
Overall 56
Homes sold in the last 12 months in Dr. Phillips, Florida
Condo
Townhouse
Single Family
Overall
Homes sold in the last 12 months in Dr. Phillips, Florida

Average Time to Sell a Home in Dr. Phillips

Although the Covid-19 pandemic did change a lot of things, it didn’t have too much of an impact on the Dr. Phillips housing market.

In fact, properties in Dr. Phillips and the Orlando region continue to be in high demand.

In February, 2021 the average time to sell a home in Dr. Phillips was only 68 days.

Additionally, according to our predictions and the Dr. Phillips real estate market forecast for 2021, the time span is expected to get shorter.

March, 2020
Average Time To Sale 70 Days
April, 2020
Average Time To Sale 65 Days
May, 2020
Average Time To Sale 63 Days
June, 2020
Average Time To Sale 59 Days
July, 2020
Average Time To Sale 63 Days
August, 2020
Average Time To Sale 65 Days
September, 2020
Average Time To Sale 45 Days
October, 2020
Average Time To Sale 50 Days
November, 2020
Average Time To Sale 66 Days
December, 2020
Average Time To Sale 64 Days
January, 2021
Average Time To Sale 39 Days
February, 2021
Average Time To Sale 68 Days
Average time to sell a home for the last 12 months in Dr. Phillips, Florida
Average Time To Sale
Average time to sell a home for the last 12 months in Dr. Phillips, Florida

What Are the Average Mortgage Rates in Dr. Phillips, Florida?

In February, 2021 average mortgage rates in Dr. Phillips amounted to 2.73%.

As has been noted, low mortgage rates bolster real estate markets by encouraging buyers to make offers.

In fact, lower mortgage rates offset the financial risk that comes with some property investment decisions.

March, 2020
Average Mortage Rates 3.45%
April, 2020
Average Mortage Rates 3.20%
May, 2020
Average Mortage Rates 3.22%
June, 2020
Average Mortage Rates 3.04%
July, 2020
Average Mortage Rates 2.97%
August, 2020
Average Mortage Rates 2.85%
September, 2020
Average Mortage Rates 2.74%
October, 2020
Average Mortage Rates 2.72%
November, 2020
Average Mortage Rates 2.70%
December, 2020
Average Mortage Rates 2.70%
January, 2021
Average Mortage Rates 2.73%
February, 2021
Average Mortage Rates 2.73%
Average mortgage rate for the last 12 months in Dr. Phillips, Florida
Average Mortage Rates
Average mortgage rate for the last 12 months in Dr. Phillips, Florida

How Did COVID-19 Affect the Dr. Phillips Real Estate Market?

Many economists predicted that the global pandemic would have devastating effects on real estate markets.

  • However, the opposite turned out to be true for the Dr. Phillips FL housing market.
  • In short, the virus did not discourage people from making Dr. Phillips real estate investments.
  • Undeniably, March 2020 and April 2020 did experience a dip in the number of homes sold, but that number quickly recovered to normalcy in May 2021.
  • In fact, the number of homes sold is on the rise and continues to go up.
  • This is largely due to the population boom that Orlando is experiencing.
  • Surprisingly, New Yorkers, Bostonians and other Northeasterners are flocking to Florida in record numbers.
  • As of January 2021, Florida gains 1,000 residents every day as a result of pandemic lockdowns in other states.
  • Unsurprisingly, Dr. Phillips housing market statistics and trends show that this population growth will bring rise to a stronger Dr. Phillips real estate market going forward.

Homes for Sale in Dr. Phillips

By and large, Dr. Phillips homes for sale go quickly.

This upper middle-class Orlando community is extremely popular and high end.

It provides the highest quality and most luxurious amenities imaginable, as well as an A-rated school districts.

Furthermore, it’s only 20 miles from downtown Orlando and is home to the world-famous Restaurant Row.

Therefore, it’s not hard to see why so many choose Dr. Phillips for their next big move or real estate investment.

Dr. Phillips Demographics

The median age in Dr. Phillips skews slightly higher at 45.9 than in surrounding communities.

Almost exactly half of the population is female, and the other half is male.

More than half of the population is employed, and the median household income is about $61,876

March, 2020
Demographics
Area´s Population 43,648
Average Household Income $73,739
Area´s Area Size 16.3
April, 2020
Demographics
Area´s Population 43,648
Average Household Income $73,739
Area´s Area Size 16.3
May, 2020
Demographics
Area´s Population 43,648
Average Household Income $73,739
Area´s Area Size 16.3
June, 2020
Demographics
Area´s Population 43,648
Average Household Income $73,739
Area´s Area Size 16.3
July, 2020
Demographics
Area´s Population 43,648
Average Household Income $73,739
Area´s Area Size 16.3
August, 2020
Demographics
Area´s Population 43,648
Average Household Income $73,739
Area´s Area Size 16.3
September, 2020
Demographics
Area´s Population 43,648
Average Household Income $73,739
Area´s Area Size 16.3
October, 2020
Demographics
Area´s Population 43,648
Average Household Income $73,739
Area´s Area Size 16.3
November, 2020
Demographics
Area´s Population 43,648
Average Household Income $73,739
Area´s Area Size 16.3
December, 2020
Demographics
Area´s Population 43,648
Average Household Income $73,739
Area´s Area Size 16.3
January, 2021
Demographics
Area´s Population 2,608,147
Average Household Income $61,876
Area´s Area Size 3,489.5
February, 2021
Demographics
Area´s Population 2,608,147
Average Household Income $61,876
Area´s Area Size 3,489.5

Population: How Many People Live in Dr. Phillips?

According to data from orlandorealtors.org, as of February, 2021 only 2,608,147 people live in Dr. Phillips.

However, with the recent population influx, that number is sure to increase.


Average Household Income

Due to Dr. Phillips’s prestige and highly educated population, the average household income of $61,876 is quite high in comparison to the national average.

Additionally, and unsurprisingly, property values and list prices also skew high.


Dr. Phillips Area Size

Undeniably, Dr. Phillips is a relatively small community with a big personality.

In short, the total area size of this Orlando suburb is 4.89 square miles including land and water.

Dr. Phillips Real Estate Rental Market Statistics

While the Covid pandemic did not have much of a negative impact on the Dr. Phillips real estate market, it did unfortunately pull the rental market down.

In response to the virus’s devastating toll on public health, Florida temporarily banned short-term vacation rentals in the Orlando area.

Putting a huge dent in occupancy midway through the year.

Now, however, rental rates are on the road to recovery, and all rental properties were occupied for the Christmas and New Year’s holidays of 2020.

What is the Average and Median Rental Price in Dr. Phillips?

Around Dr. Phillips and throughout the Orlando region, short-term rental properties reached an average rental price of $2,547 a month in February, 2021.

March, 2020
Rental Prices Average Median
Condo $1,763 $1,650
Townhouse $2,070 $2,150
Single Family $2,674 $2,498
Overall $2,229 $2,275
April, 2020
Rental Prices Average Median
Condo $1,604 $1,500
Townhouse $2,083 $2,050
Single Family $3,226 $3,000
Overall $2,627 $2,350
May, 2020
Rental Prices Average Median
Condo $1,801 $1,550
Townhouse $2,008 $1,990
Single Family $3,149 $2,750
Overall $2,580 $2,785
June, 2020
Rental Prices Average Median
Condo $1,509 $1,423
Townhouse $2,111 $1,950
Single Family $3,419 $2,800
Overall $2,474 $2,125
July, 2020
Rental Prices Average Median
Condo $1,514 $1,480
Townhouse $2,178 $1,075
Single Family $3,925 $3,500
Overall $2,414 $1,975
August, 2020
Rental Prices Average Median
Condo $2,053 $1,750
Townhouse $2,209 $2,113
Single Family $3,391 $3,425
Overall $2,630 $2,500
September, 2020
Rental Prices Average Median
Condo $1,538 $1,413
Townhouse $2,099 $2,125
Single Family $3,803 $3,900
Overall $3,009 $2,450
October, 2020
Rental Prices Average Median
Condo $1,648 $1,200
Townhouse $1,970 $1,765
Single Family $2,768 $2,675
Overall $2,209 $2,200
November, 2020
Rental Prices Average Median
Condo $1,510 $1,100
Townhouse $2,218 $2,400
Single Family $3,182 $2,800
Overall $2,249 $2,280
December, 2020
Rental Prices Average Median
Condo $1,419 $1,650
Townhouse $1,974 $2,025
Single Family $2,959 $2,600
Overall $2,215 $1,225
January, 2021
Rental Prices Average Median
Condo $2,142 $2,300
Townhouse $2,243 $2,200
Single Family $3,594 $3,250
Overall $2,816 $2,400
February, 2021
Rental Prices Average Median
Condo $1,880 $1,900
Townhouse $2,324 $2,275
Single Family $3,124 $2,500
Overall $2,547 $2,350
Average rent price for the last 12 months in Dr. Phillips, Florida
Condo
Townhouse
Single Family
Overall
Average rent price for the last 12 months in Dr. Phillips, Florida

For Rent: Average Price per Square Foot

To no one’s surprise, the 30,000 new residents that Florida gets every month are in need of rental properties.

Orlando tops all of the property indexes as one of the best cities to invest in a rental property or Dr. Phillips vacation home.

Owing to this demand, the average rental price per square foot in February, 2021 was $1.16.

March, 2020
Average Rental Price Per Square Foot $1.09
April, 2020
Average Rental Price Per Square Foot $1.05
May, 2020
Average Rental Price Per Square Foot $1.14
June, 2020
Average Rental Price Per Square Foot $1.16
July, 2020
Average Rental Price Per Square Foot $1.13
August, 2020
Average Rental Price Per Square Foot $1.21
September, 2020
Average Rental Price Per Square Foot $1.15
October, 2020
Average Rental Price Per Square Foot $1.19
November, 2020
Average Rental Price Per Square Foot $1.28
December, 2020
Average Rental Price Per Square Foot $1.17
January, 2021
Average Rental Price Per Square Foot $1.24
February, 2021
Average Rental Price Per Square Foot $1.16
Average rent price per square foot for the last 12 months in Dr. Phillips, Florida
Average Rental Price Per Square Foot
Average rent price per square foot for the last 12 months in Dr. Phillips, Florida

Dr. Phillips for Rent Inventory

Like all properties in Dr. Phillips and the Orlando region, rental inventory is also on the decline.

In February, 2021 only 24 rental properties were available around Dr. Phillips.

Dr. Phillips housing market statistics show that inventory is likely to decline even more over the course of 2021.

March, 2020
For Rent Inventory
Condo 27
Townhouse 19
Single Family 27
Overall 73
April, 2020
For Rent Inventory
Condo 29
Townhouse 25
Single Family 24
Overall 78
May, 2020
For Rent Inventory
Condo 25
Townhouse 32
Single Family 20
Overall 77
June, 2020
For Rent Inventory
Condo 30
Townhouse 27
Single Family 19
Overall 76
July, 2020
For Rent Inventory
Condo 23
Townhouse 25
Single Family 22
Overall 70
August, 2020
For Rent Inventory
Condo 20
Townhouse 15
Single Family 23
Overall 58
September, 2020
For Rent Inventory
Condo 19
Townhouse 13
Single Family 20
Overall 52
October, 2020
For Rent Inventory
Condo 21
Townhouse 17
Single Family 22
Overall 60
November, 2020
For Rent Inventory
Condo 18
Townhouse 15
Single Family 17
Overall 50
December, 2020
For Rent Inventory
Condo 19
Townhouse 12
Single Family 18
Overall 49
January, 2021
For Rent Inventory
Condo 14
Townhouse 8
Single Family 18
Overall 40
February, 2021
For Rent Inventory
Condo 4
Townhouse 8
Single Family 12
Overall 24
For rent inventory for the last 12 months in Dr. Phillips, Florida
Condo
Townhouse
Single Family
Overall
For rent inventory for the last 12 months in Dr. Phillips, Florida

Rented Homes in Dr. Phillips

In February, 2021 approximately 30 properties were rented out in and around Dr. Phillips.

This figure includes 9 condos, 8 townhomes and 13 single-family homes.

March, 2020
Homes Rented
Condo 8
Townhouse 1
Single Family 9
Overall 18
April, 2020
Homes Rented
Condo 3
Townhouse 1
Single Family 7
Overall 11
May, 2020
Homes Rented
Condo 7
Townhouse 2
Single Family 12
Overall 21
June, 2020
Homes Rented
Condo 13
Townhouse 0
Single Family 13
Overall 26
July, 2020
Homes Rented
Condo 12
Townhouse 2
Single Family 10
Overall 24
August, 2020
Homes Rented
Condo 6
Townhouse 0
Single Family 8
Overall 14
September, 2020
Homes Rented
Condo 10
Townhouse 0
Single Family 8
Overall 18
October, 2020
Homes Rented
Condo 5
Townhouse 0
Single Family 7
Overall 12
November, 2020
Homes Rented
Condo 11
Townhouse 9
Single Family 9
Overall 29
December, 2020
Homes Rented
Condo 9
Townhouse 8
Single Family 11
Overall 28
January, 2021
Homes Rented
Condo 10
Townhouse 10
Single Family 12
Overall 32
February, 2021
Homes Rented
Condo 9
Townhouse 8
Single Family 13
Overall 30
Homes rented in the last 12 months in Dr. Phillips, Florida
Condo
Townhouse
Single Family
Overall
Homes rented in the last 12 months in Dr. Phillips, Florida

Average Time to Rent a Home in Dr. Phillips

Renting a home or other property in Orlando is generally easy.

According to orlandorealtors.org and Dr. Phillips housing market statistics from February, 2021 it takes only 48 days to rent a home here.

March, 2020
Average Time to Rent 28 Days
April, 2020
Average Time to Rent 40 Days
May, 2020
Average Time to Rent 40 Days
June, 2020
Average Time to Rent 28 Days
July, 2020
Average Time to Rent 40 Days
August, 2020
Average Time to Rent 27 Days
September, 2020
Average Time to Rent 54 Days
October, 2020
Average Time to Rent 55 Days
November, 2020
Average Time to Rent 56 Days
December, 2020
Average Time to Rent 58 Days
January, 2021
Average Time to Rent 61 Days
February, 2021
Average Time to Rent 48 Days
Average time to rent a property for the last 12 months in Dr. Phillips, Florida
Average Time to Rent
Average time to rent a property for the last 12 months in Dr. Phillips, Florida

Dr. Phillips Real Estate Investment

The Orlando Regional Realtors Association recently released a report on the state of the Orlando and Dr. Phillips real estate market as of December, 2020.

In summary, the report encourages buyers to make a Dr. Phillips real estate investment now!

The vacation rental industry in Florida is valued at over $30 billion.

Additionally, there are fewer homes for sale in Orlando, but demand is high and interest rates are low.

Therefore, as a Dr. Phillips real estate investor, your ROI is guaranteed to be great.

Why Should I Buy a Property in Dr. Phillips, Florida?

Emphatically, Dr. Phillips has been a well-known and respected community for decades.

  • All in all, its reputation as a suburb that provides natural beauty, lakes aplenty, a mighty economy and easy access to Orlando make it a good place to invest.
  • Truly, the Dr. Phillips property market is hot and projected to get hotter.

Dr. Phillips Real Estate News

As the Orlando economy and housing market continue to flourish, home prices are expected to rise.

In effect, all Orlando suburbs including Dr. Phillips are reaping benefit, with new communities and developments popping up all over the region.

For example, Celebration, a neighboring Orlando community, is getting a new single-family home phase called Island Village.

Here, you’ll find 1,300 new single-family homes.

Additionally, Winter Garden, another Orlando-area community, is building Hamlin Reserve, a new lakeside town center with apartments, shops and restaurants.

Dr. Phillips Real Estate Market Forecast

The Dr. Phillips real estate market forecast for 2021 looks incredibly strong.

In fact, with 30,000 new residents streaming into the state every month, Orlando’s economy and job market are booming.

Therefore, more qualified residents and buyers will add to a further strengthening of the Dr. Phillips FL housing market.

It’s possible that in 10 to 15 years, Dr. Phillips and Orlando home prices will rival those found in southern California.

The Florida real estate market is growing exponentially.

Specifically, cities like Tampa, Miami and Orlando are getting lots of new residents.

Currently, Florida ranks #4 on the GDP rankings by state.

However, Florida may surpass New York as the state with the third largest economy in the near future.

Accordingly, the Florida real estate market is projected to grow in tandem with the economy.

Dr. Phillips Real Estate Market Historical Data

Below, we’ve compiled important figures and data from Florida and Dr. Phillips’s housing market statistics over the years.

2007

Dr. Phillips Real Estate Market in 2007

To summarize, 2007 marked the start of a tough period for the Orlando real estate market.

Additionally, while the median home price in Orlando and Dr. Phillips remained stable, YoY property sales dropped by over 30%.

In effect, there was a significant property inventory surplus and Sell/List price differences were as low as 93%, which negatively impacted sellers.

2008

Dr. Phillips Real Estate Market in 2008

Similarly, like in the previous year, YoY Dr. Phillips property sales remained low in 2008.

Since inventory levels were high, sellers had to compromise on lower sell prices. In fact, the Sell/List price difference remained the same at 93%.

It wasn’t all bad news, however. The end of the year brought an uptick in sales and peaked in December as the final month saw a 30% increase in sales.

2009

Dr. Phillips Real Estate Market in 2009

To point out, 2009 was different from the two years before. In fact, it actually saw signs of growth for the Dr. Phillips real estate market.

In short, YoY sales increased by over 30% every month. Additionally, inventory was quickly taken off the market as demand rose.

Also, November’s results were astounding. The YoY sales increased by over 109% that month although the Dr. Phillips average home price remained unchanged at approximately $300,000.

2010

Dr. Phillips Real Estate Market in 2010

To this end, 2010 welcomed the dawn of a seller’s market and Orlando’s housing market really started to pick up.

Indeed, this is largely due to the fact that interest rates lowered and buyers became more active.

What's more is average YoY sales increased by over 70% in the first half of the year and the Sales/List price difference rose to 95%.

2011

Dr. Phillips Real Estate Market in 2011

In truth, the performance of the 2011 Orlando real estate market was almost an exact repeat of 2010’s.

Therefore, Dr. Phillips average home prices and Sell/List price differences remained the same.

2012

Dr. Phillips Real Estate Market in 2012

In short, 2012 was another strong year for sellers in Orlando and Dr. Phillips.

In a word, sales were consistently strong and even increased even more steeply in the second half of the year.

In similar fashion, the Dr. Phillips average home price increased to $350,000 and to the delight of home sellers, the Sell/List price difference went up to 96%.

2013

Dr. Phillips Real Estate Market in 2013

In the same way, Orlando and Dr. Phillips housing market statistics show that 2013 was another good year.

Therefore, YoY sales increased every month from January to September. Additionally, Dr. Phillips average home sales prices ranged high from $167,000 to $200,000.

2014

Dr. Phillips Real Estate Market in 2014

For the most part, 2014 sparked a downturn for the Orlando real estate market.

In short, January through July saw a dip in YoY sales figures but the last quarter brought a slight recovery.

Despite this, inventory surplus amounted to over 10,000 in some months and the average Dr. Phillips home price saw no change.

2015

Dr. Phillips Real Estate Market in 2015

In contrast, 2015 was another strong year for the Dr. Phillips property market.

For one thing, in the first three quarters of the year, YoY property sales increased between 8% to 40%.

Unfortunately, there was still a surplus of inventory consistently throughout the year.

2016

Dr. Phillips Real Estate Market in 2016

By and large, 2016 was a year of fluctuations for Dr. Phillips home values, sales and other real estate statistics.

Altogether, YoY sales increased and decreased month to month, however sellers benefitted from a 97% average Sell/List price difference.

2017

Dr. Phillips Real Estate Market in 2017

Without doubt, 2017 was a good year for the Dr. Phillips and Orlando real estate markets.

In short, more buyers made Dr. Phillips real estate investments as market statistics show that YoY sales increased by 3 to 14% every month.

Also, Dr. Phillips average home prices went up to $270,000.

2018

Dr. Phillips Real Estate Market in 2018

Indeed, eight out of twelve months of 2018 saw an increase in sales. In general, this year is regarded as the true start of the seller’s market we’re experiencing now.

Furthermore, property inventory was drastically reduced and median sales prices balanced out at a high $250,000.

2019

Dr. Phillips Real Estate Market in 2019

On the whole, 2019 was another strong year for Dr. Phillips real estate sales performance and the Dr. Phillips average home price.

For example, YoY sales increased almost every month and December saw a hike in sales of over 25%.

Additionally, the median sales price increased to $260,000 and the Sell/List price difference remained high at 97%.

2020

Dr. Phillips Real Estate Market in 2020

Despite the negative effects of the coronavirus, people continued to make Orlando and Dr. Phillips real estate investments.

In fact, YoY sales increased every month except for April and May when news of the virus became more public.

Furthermore, the Dr. Phillips median home price and average sale price increased.

2021

Dr. Phillips Real Estate Market in 2021

In brief, our real estate market forecast for 2021 is extremely positive.

Emphatically, we think that Dr. Phillips housing market statistics will continue on an upward trend as we are already seeing more sales and higher sales prices.

Orlando Real Estate Market

As we’ve seen, the Dr. Phillips real estate is performing strongly.

But so is the rest of Orlando!

For a more comprehensive look at statistics across the Greater Orlando Area, check out our Orlando Real Estate Market overview!

A Dr. Phillips Realtor for All Your Needs

Whatever your needs, the Dr. Phillips housing market has the diversity to meet them.

Count on an Orlando Homes for Sale real estate agent in Dr. Phillips to help you find the perfect residential or investment property for you!

Condos and Apartments for Sale in Dr. Phillips

With condos for sale in Dr. Phillips, you can own an easy-to-afford, easy-to-maintain, surefire source of year-round income in one of the best locations in Greater Orlando.

Townhomes for Sale in Dr. Phillips

Stuck on the fence between a condo and a single-family home?

Townhomes for sale in Dr. Phillips could be just what the doctor ordered!

Vacation Homes for Sale in Dr. Phillips

Dr. Phillips vacation homes for sale give you a fast-appreciating, high-occupancy investment in one of Orlando’s fastest-growing locations.

Villas for Sale in Dr. Phillips

Of course, you don’t have to stop at a mere vacation home.

Dr. Phillips villas for sale let you take the luxury to the next level.

Community Homes for Sale in Dr. Phillips

Dr. Phillips is full of luxury gated communities, featuring resort-style amenities, and high-end homes in a variety of styles.

Here are just a few we serve:

Sand Lake Sound

Sand Lake Sound in a new community with luxury homes, a great location near the parks, and amenities including a resort-style pool, activity lawn, gym, and more!

Phillips Landing

Phillips Landing is a luxury community with access to great local points of interest such as Sand Lake Road, home to famous Restaurant Row.

Homes are brand-new and high-end, with prices ranging from the 600’s to over a million.

Ruby Lake

Ruby Lake feature low-maintenance townhomes for the perfect low-risk investment.

Parkside

Parkside is one of the most exclusive gated communities in Dr. Phillips.

It features upscale single-family homes, world-class amenities, and of course, easy access to local points of interest like Sand Lake Road, I-Drive, and Downtown Orlando.

Conclusion: Why You Should Invest With Orlando Homes for Sale

In conclusion, the Dr. Phillips property market is strong and getting stronger.

Therefore, we encourage interested buyers to make a Dr. Phillips or Orlando real estate investment before sales prices spike yet again.

Reach out to Orlando Homes for Sale today to get the Dr. Phillips housing option and real estate investment you’ve been looking for!

Quick links

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