Orange County, FL – Market Sales Statistics for April ‘08

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The following are the market sales statistics for Orange County, Florida for April 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

516 homes sold during the month of April.

The average sales price, which is the total sold volume divided by the number of homes sold is $308,298 with 146 days on the market.

The median sales price, which means that 50% of the homes sold for more and 50% of the homes sold for less, is $237,700.

The most expensive home sold for $2.349M and was on the market for 505 days. It was a 4 bedroom, 5½ baths, 3-car garage lakefront home in 4913sf in Winter Park built in 1990 on .69 acres on a chain of lakes with a circular driveway, $250K swimming pool and spa, a boat house w/hoist with no HOA.

The least expensive home sold for $26,500 after 180 days on the market. It was a 3 bedroom, 1 bath “fixer upper” home with 1116sf built in 1951 on .09 acres with no HOA.

The average sales price for the same period a year earlier was $369,350 with 128 days on the market.

Condos, Townhomes & Villas

148 homes sold

The average sales price was $163,776 with 196 days on the market.

The median sales price was $132,250.

The most expensive condo sold for $1,091,250 and was new construction. It was a 3 bedroom, 3½ bath 2-story townhome with 3327sf in Winter Park with 2 private balconies, direct street access, elevator, Wolf & Sub-Zero appliances. The monthly maintenance is $641.24.

The least expensive sold for $10,000 and was on the market for 122 days. It was a 2 bedroom, 1 bath bank owned in 830sf built in 1972.

The average sales price a year earlier was $209,402 with 125 days on the market.