Resale prices in Orlando remain encouraging.

As home sizes in some of the new and more hi-end subdivisions grow larger to 4,000 and 5,000 square feet, resale asking prices in these markets grow accordingly larger, too.  The Orlando-Sentinel recently reported that sales of single-family existing homes priced over a million dollars in the Metro Orlando area soared 270 percent over the last three years.

Although $1 million-plus homes account for only a small fraction of houses sold on the market – less than 1 percent – the increase in resale price remains an encouragement for the greater Orlando market.

The Orlando Avenue Top Team keeps close tabs on all facets of the real estate market. Recently I checked with the Multiple Listing Service to see how many million dollar single family homes were for sale in the 34747 zip code of Celebration, Reunion, and Formosa Gardens and the 34786 zip code in the Windermere subdivisions. 

In the 34747 zip code, there are 66 million dollar homes for sale, with 8 of those being over $2 million and one being over $4 million.
 
In the Windermere subdivision F34786 zip code there are 151 single family homes for sale for over $1 million. Eighteen of these are between $3 million and $4 million, thirteen homes are more than $4 million and less than $5 million, one home is over $7 million, 3 homes are over $8 million.

Google+ Comments