This is an interesting article on Celebration from the Washington Post.
I’ve avoided real estate discussions here for several reasons:
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We don’t yet own real estate here. In that regard we still have something of an outsider’s perspective in that we don’t have a stake in the owners association.
It might be a sore subject for people who have been through the boom and bust of real estate prices here.
While Celebration real estate discussions interest me personally, it may have been beat to death.
So while we’re not Celebration owners yet, we are actively shopping. We’ve been following MLS listings and comps of sold properties diligently since the beginning of the year when we decided to move here, so I feel we have a better-than-the-average-person perspective on the low end of the market here. Our timing, coming from Pennsylvania when we did, looks like it will benefit us, but we’re conscious of what effect the pricing drop has beyond our own wallet, and how it can tear at the fabric of the community.
There are many houses that are obviously vacant (lock box, and the yard is trashed) or subtly vacant (property kept up, but lock box and extra newspapers and fliers around). The list of homes with short sale contingencies is large. And there are even postings on the internal Celebration message boards about alleged squatters and expensive vandalism. All of these are clearly negative to the community. The question is how the community will adapt to these conditions until they improve (and yes, they will improve because, face it, Celebration satisfies many of the criteria used when looking for a place to settle).
On a personal note, obviously we’d like it if real estate prices were at their bottom the day we made our offer, and only go up from there. Will that happen? Probably not. But we try to be aware of the impact — positive and negative — that lower prices will have on the community that we’re buying in to. We’re committed to Celebration for the foreseeable future, either as renters or owners, so we want to understand what the challenges are and how we can help the community overcome them.
Any additional insight in the comments area is welcome.
Since I lived in Celebration almost 3 years… I had a 'hood crush on Lake Evelyn. It's a hidden gem because of the raised path straight down town, and it's also a neighborhood in a neighborhood. It was the only part of Celebration produced in model format by the Imagineers prior to construction and you could rent your home out for movies and photoshoots on a per day basis. Secondly, I liked South Village (around Rush Court). My favorite street in Celebration is Camelia in the "historic district." Hope that helps.
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