Business

Orlando Area Residential Real Estate Snapshot for March 2024

Published

1 year ago

April 22, 2024

Willie David

State of the Market

Overall sales rose 17.7% from February to March. There were 2,559 sales in March, up from 2,174 sales in February.
The median home price for March was recorded at $386,500, up from $377,000 in February. The highest monthly median home price on record in the Orlando area was $387,000 in June 2022.
Pending sales increased by 9.4%, with 3,891 in February and 4,257 in March.
New listings rose 8.6% from February to March, with 4,124 new homes on the market in March, compared to 3,799 in February.
Inventory for March was recorded at 8,971, up 4.4% from February when inventory was recorded at 8,589.
March’s interest rate was recorded at 6.7%, up slightly from 6.6% in February.
Homes spent an average of 58 days on the market (DOM) in March – up slightly from February.
“The busy spring season for the real estate market is in full swing,” said Rose Kemp, Orlando Regional REALTOR® Association President. “We’ve seen a steady increase in sales, median home price and inventory every month this year. Our median home price in March was very close to our peak from June 2022, so it will be interesting to see how these high prices affect the market in the coming months.”

Market Snapshot

Interest rates rose from 6.6% in February to 6.7% in March.
Pending sales rose 9.4%, with 3,891 in February and 4,257 in March.
23 distressed homes (bank-owned properties and short sales) accounted for 0.9% of all home sales in March. That represents an 8.0% decrease from February when 25 distressed homes sold.

Inventory

Orlando area inventory increased 4.4% from February to March. Inventory in February was 8,589, and inventory in March was 8,971.
The supply of homes fell to 3.51 months in March, down 11.3% from 3.95 months in February. A balanced market is six months of supply.

The number of new listings increased from February to March by 8.6% – from 3,799 homes to 4,124 homes.

ORRA’s full State of the Market Report for March can be found here.

This representation is based in whole or in part on data supplied by the Orlando Regional REALTOR® Association and the Stellar Multiple Listing Service. Neither the association nor StellarMLS guarantees or is in any way responsible for its accuracy. Data maintained by the association or by StellarMLS does not reflect all real estate activity in the market. Due to late closings, an adjustment is necessary to record those closings posted after our reporting date.

ORRA REALTOR® sales represent sales involving Orlando Regional REALTOR® Association members, who are primarily – but not exclusively – located in Orange and Seminole counties. Note that statistics released each month may be revised in the future as new data is received.

Orlando MSA numbers reflect sales of homes located in Orange, Seminole, Osceola, and Lake counties by members of any REALTOR® association, not just members of ORRA.

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Brazilian Breakfast Bliss: Sodie Doces Shines in Janira Garcia’s Latest FNN Foodie Review

Published

1 week ago

April 14, 2025

FNN NEWS

ORLANDO, Fla. (FNN) – In this week’s flavorful edition of FNN Good News & Reviews Show, Orlando’s own Social Lite, Janira Garcia, put the spotlight on one of International Drive’s sweetest hidden gems—Sodie Doces Brazilian Cake Shop. Known for its authentic Brazilian confections and cozy atmosphere, Sodie Doces offered a full-sensory experience that had Janira—and her viewers—completely captivated.

A Brazilian Breakfast to Remember

Janira kicked off her Sunday morning foodie adventure with her signature blend of charisma and curiosity, inviting viewers to discover the traditional tastes of Brazil right in the heart of Orlando. The spotlight dish? A crispy golden Coxinha—Brazil’s beloved deep-fried, teardrop-shaped snack filled with juicy seasoned chicken. “Crispy on the outside, tender and flavorful on the inside—it’s the real deal,” Janira remarked as she took a bite.

She followed it up with a slice of Sodie Doces’ heavenly Morango Cake, a beautifully layered dessert filled with rich dulce de leche and topped with fresh strawberries. The flavors delivered the perfect balance of sweetness and indulgence.

Adding to the breakfast bliss was a house-made flaky pastry that practically melted on contact, and the grand finale—a steaming cup of bold Brazilian coffee that stole the show. “It’s a full Brazilian breakfast moment,” Janira said, smiling between sips, visibly impressed by the depth and aroma of the brew.

A Hidden Gem for Locals and Tourists Alike

Located along the iconic International Drive, Sodie Doces has been quietly charming customers with its authentic offerings. Thanks to Janira Garcia’s coverage, this cake shop is quickly rising from hidden gem to foodie hotspot.

Whether you’re a local looking to spice up your Sunday morning or a visitor seeking a unique culinary experience, Sodie Doces is now a must-visit on Orlando’s food map.

Catch more exclusive food finds, sweet surprises, and delicious journeys every week with Social Lite Janira Garcia on the FNN Good News & Reviews Show, airing on Florida National News.

Janira Garcia
FNN Goodnews & Reviews Show
news@FloridaNationalNews.com

Business

El Coqui Ninja Restaurant – Orlando’s Hidden Gem Delivers Bold Flavor and Cultural Fusion

Published

2 weeks ago

April 10, 2025

Mimi Mala

Source: El Coqui Ninja Restaurant.

ORLANDO, Fla. (FNN) – FNN Good News & Reviews reporter Mimi Mala is on a mission to uncover Orlando’s best-kept culinary secrets. During her search, she stumbled upon a vibrant fusion eatery tucked away in the heart of the Milk District—El Coqui Ninja Restaurant.

This hidden gem is redefining Orlando’s food scene with a mouthwatering mix of Puerto Rican and Chinese cuisines that not only satisfies your cravings but also celebrates rich cultural traditions.

UNIQUE AMBIANCE THAT TELLS A STORY

From the moment I walked in, I was welcomed by colorful décor and whimsical props that instantly set the tone for a playful yet cultural dining experience. The interior is filled with character—each detail clearly thought out to reflect the dual heritage of the restaurant. It’s the perfect backdrop for foodies and Instagrammers alike.

Source: El Coqui Ninja Restaurant, Facebook

A FLAVOR-FORWARD MENU THAT WOWS

Let’s talk about the food, because that’s where El Coqui Ninja truly shines. I started with the Crab Rangoon, and let me just say—these are the best I’ve ever had. Unlike most places that serve mostly cream cheese, El Coqui Ninja’s version is packed with real, tender crab meat, delivering a rich flavor in every crispy bite.

Next, I dove into the Rellenos De Carne Molida Y Queso—a Puerto Rican classic made with seasoned ground beef, cheese, and mashed potato. Each bite offered a comforting balance of savory and creamy, transporting me straight to the island.

Of course, I couldn’t pass up the Mofongo, another staple of Puerto Rican cuisine, and I’m so glad I tried their egg rolls—because who doesn’t love egg rolls? These were crisp, golden, and stuffed to perfection, easily some of the best in town.

SIGNATURE COCKTAILS AND STANDOUT SERVICE

To round out the experience, I ordered a Chuchaso, their signature Blackberry Raspberry Sake Mojito. Let me tell you—it was refreshing, fruity, and dangerously smooth. A must-try from their full-service bar.

What truly made the experience exceptional was our server, Gustavo. His warm personality, attentiveness, and deep knowledge of the menu elevated our visit. From dish recommendations to drink pairings, Gustavo was the cherry on top.

A MUST-VISIT DESTINATION FOR FOOD LOVERS

El Coqui Ninja Restaurant isn’t just a place to eat—it’s a destination. The combination of bold flavors, artistic ambiance, and heartfelt service make it a standout in Orlando’s crowded food landscape. Whether you’re a local or visiting, this hidden gem deserves a spot on your culinary bucket list.

____________________________________________

Mimi Mala
FNN GoodNews & Reviews
News@FloridaNationalNews.com

Business

David Siegel, Founder of Westgate Resorts, Dies at 89; Queen of Versailles’ Jackie Siegel Mourns

Published

2 weeks ago

April 7, 2025

Willie David

ORLANDO, Fla. (FNN) – David Siegel, the visionary founder of Westgate Resorts, passed away at the age of 89, as confirmed by the company. Siegel, who established the timeshare resort company in 1982, led its growth from a single location in Orlando, Florida, to an internationally recognized brand. With properties spanning Miami Beach, Arizona, Virginia, Utah, and many other locations, Siegel’s leadership has forever shaped the hospitality industry.

In a heartfelt statement, Jim Gissy, the CEO of Westgate Resorts, shared his admiration for David Siegel’s exceptional work ethic and dedication to the company:
“David worked tirelessly to create a company that will continue to honor its family roots. His vision and passion helped build a company with the resources and ambition to bring joy to those whose lives we touch through our hospitality.”

David Siegel’s Impact on Westgate Resorts and the Hospitality Industry

Under Siegel’s leadership, Westgate Resorts became one of the largest privately-owned vacation ownership companies in the world. His foresight and strategic development expanded the company into high-demand destinations such as Las Vegas, Park City, Utah, and Orlando, offering luxurious timeshare experiences to countless guests. The company’s portfolio today includes over 30 resorts nationwide and a global presence that has transformed the vacation ownership market.

But beyond business success, Siegel and his wife, Jacqueline “Jackie” Siegel, made their mark as passionate philanthropists. After their daughter, Victoria Siegel, tragically died from a drug overdose in June 2015, the Siegels established the Victoria’s Voice Foundation. This charitable organization is committed to preventing substance abuse and raising awareness about the growing crisis of drug overdose deaths in the United States.

Photo by Florida National News / J Willie David, III

One significant legislative achievement in their fight for awareness was the passing of SB 66, “Victoria’s Law,” which designated June 6 as “Revive Awareness Day”. The bill, signed into law by Governor Ron DeSantis, was named after Victoria Siegel and seeks to educate the public on the dangers of substance abuse.

A Celebration of Life and Tribute to David Siegel

Westgate Resorts has announced plans to hold a celebration of life to honor David Siegel’s enduring contributions to the company, his family, and his community. This event will serve as a tribute to a man whose impact reaches far beyond business and has influenced the lives of many across the nation.

Florida National News extends its deepest condolences to Jacqueline Siegel, their family, friends, and the many lives David Siegel touched. His legacy in the hospitality industry, alongside his philanthropic efforts, will continue to inspire future generations.