by Linda Hutchinson
A recent search of the Mid Florida Regional multiple listing service reflects that there have been 219 homes sold in ORANGE County, Florida for $1M or more since January 1st of 2007. This is only slightly lower than the 251 sales for the same time period in 2006. However, it is important to note that the highest price sold in 2006 was only $8.815M with 2007 boasting a recent sale of a 15,000 sq. foot, $10M mansion in Isleworth. In total sales volume, luxury sales are on pace to meet or exceed last year’s statistics. This is good news indeed.
For those who are interested, the majority of homes sold in the $1M plus price range were in Windermere with almost 100 homes sold this year. Winter Park is a distant second at 49 homes sold. The balance of homes sold is spread out around the county. Most homes over the million dollar mark feature at least five (5) bedrooms and 4,500 square feet of living space. It would appear that market conditions (whether real or imagined) have not adversely affected the luxury home market in Central Florida.