Luxury Home Sales in Orlando – Recent Statistics

September 16, 2008

Luxury homes sales continue to improve in Central Florida. There are currently 1,260 homes for sale in Central Florida that are priced over $1,000,000. This may sound like a significant number of high priced homes but it is actually a reasonable number of homes in this price point. In other words, there isn’t a huge volume of luxury homes available. This makes it a good time to start thinking of selling and if you want to buy…get going!

There were 66 homes SOLD in the last 90 days over $1M with the highest local sale located in Winter Park, Florida for a final sales price of $5,375,000. This fabulous home sold on July 1st and was on the market for over 275 days.

Most importantly, there are currently 50 homes UNDER CONTRACT. This is the statistic that matters…there are almost as many homes that are UNDER CONTRACT as have sold in the last ninety days. If you are looking for a “sign” that now is the time to buy – this should be it.


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