Orlando Luxury Home Stats – Plenty of Options, Plenty of SalesJuly 22, 2008
There are currently 15,661 homes for sale in the Central Florida region – specifically, Orlando! WOW. That’s an astounding figure.
But what is even more interesting is that there are 699 homes currently for sale over $1M in Orlando with the highest priced home on the market hovering around $12M. Most of these homes can be found in the Dr. Phillips/Bay Hill or Windermere areas (all in the same neighborhood) and sales there remain brisk. Most, if not all, are on ski lakes. Waterfront brings top dollar in Orlando.
Currently there are 37 homes pending for sale over $1M with the highest priced home under contract at $6.12M having been on the market for almost a year.
Finally, in the last 90 days, there have been 699 homes sold over $1,000,000 in the Orlando region. For many areas of Florida, there weren’t 699 homes sold in ALL price ranges. This is VERY good news indeed.
So should you think that there is a lack of interest in homes in the luxury price point…you only have to look at the facts. Just keep in mind it pays to live in Windermere…the home of many professional athletes! It also pays to live on water! No wonder they call it the City Beautiful.