Orange County, Florida Market Statistics - May 2008

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

620 homes sold during the month of May.

The average sales price, which is the total sold volume divided by the number of homes sold is $319,099 with 151 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 $231,495.

The most expensive home sold for $5.8M and was on the market for 89 days. It was a 6 bedroom, 7½ baths, 9040sf home in Winter Park built in 1993 on 1.95 acres with 235’ lake frontageon a chain of lakes with 2 garages that can house 6 vehicles a circular driveway, a boat house w/hoist, jet ski ramp, 3 fireplaces, with verandas and balconies running the width of the house with no HOA.

The least expensive home sold for $18,000 after 48 days on the market. It was bank-owned and listed as uninhabitable on .11 acres with no HOA.

The average sales price for the same period a year earlier was $381,082 with 128 days on the market.

Condos, Townhomes & Villas

149 homes sold

The average sales price was $186,829 with 162 days on the market.

The median sales price was $142,500.

-The most expensive condo sold for $1.625Mand was new construction. It was a 4 bedroom, 4½ bath 2-story, 2-car garage lakefront coach home with 3778sf in Lake Nona with a butler’s pantry and elevator. This is a gated golf community of 4 units. They have a heated swimming pool, boat dock, fitness center with a quarterly maintenance of $1375 and a monthly maintenance is $651.

The least expensive sold for $15,000 and was on the market for 61 days. It was a 1 bedroom, 1 bath bank owned fixer upper in 276sf built in 1974. It was a motel converted to condos.

The average sales price a year earlier was $236,824 with 145 days on the market.