The following are the market sales statistics for Orange County, Florida for March 2008. The major city in Orange County is Orlando. For purposes of this analysis we are splitting the data according to single-family homes vs, condominiums, townhomes and villas.
Single-Family Homes
532 homes sold during the month of March.
The average sales price, which is the total sold volume divided by the number of homes sold is $343,968.
The median sales price, which means that 50% of the homes sold for more and 50% of the homes sold for less, is $245,000.
The most expensive home sold for $5M and was on the market for 5 days. It was a 5 bedroom, 5 full baths, 4 half baths 7497sf gated lakefront estate in Maitland built in 1991 on 2+ acres on a chain of lakes with a 3-car garage with an apartment, a swimming pool, a boat house w/hoist, wine room, billiard room with no HOA.
The least expensive home sold for $35,000 after 100 days on the market. It was a 2 bedroom, 1 bath ‘handyman special' home with 824sf built in 1930 on .29 acres and was listed as "a fixer-upper or a tear downer."
The average sales price for the same period a year earlier was $350,296.
Condos, Townhomes & Villas
86 homes sold
The average sales price was $234,816.
The median sales price was $162,000.
The most expensive condo sold for $1.4M and was on new construction. It was a 3 bedroom, 3½ bath 2-story townhome with 3751sf with a 2-car garage in Winter Park with a private balcony and direct street access with a monthly maintenance of $571.28.
The least expensive sold for $14,000 and was on the market for 128 days. It was a 1 bedroom, 1 bath bank owned condo listed as ‘down to the bare studs' and ‘in need of total renovation' with 548sf built in 1979 in a community with a pool and tennis courts with a monthly maintenance of $146.
The average sales price a year earlier was $210,137.
For information on Orange and Seminole County real estate and Orange and Seminole County homes for sale in addition to Orange and Seminole County relocation contact Marc Grossman, your Orange and Seminole County Realtor @ 407-463-1034. Additional information is available for Seminole County real estate, Orange County real estate, West Volusia County and South Lake County.
To learn more about Marc and the services he has to offer, visit his profile & website.
Marc Grossman, GRI - http://www.OrlandoHomes-4u.com/ - 407-463-1034
Marc donates 10% of his net proceeds to Hospice of the Comforter.
Marc It Sold!
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