Happy month of July! This is the start of the third quarter and we are officially in the summer season now. We hope you and your family are finding ways to enjoy this hot weather in central Florida. The real estate market has been equally hot in the last quarter. We have all been very busy servicing home sellers and buyers. Orlando Board of Realtors sold 3,817 homes in May, which is 14% more than the 3,347 sales in May 2016. Orlando’s overall median home price now is $218,000, which is 7.5% above the same month 2016 median price of $203,000. The overall average home price is $258,322, an increase of 6% over that of May 2016.
Now let’s look at some fun housing stats from June in the Orlando area, encompassing Orange and Seminole County.
In the last 30 days, 354 CONDO units have sold with an average sale price of $131,569.
The lowest-priced sale was a 1 bedroom, 1 bath, 762 square foot condo in 32839 zip code, selling for $20,000 (on left). 3964 Crayrich Circle, #301, Orlando
The highest-priced sale was a 4 bedroom, 4-bath, 4,090 square foot condo in Winter Park, selling for $1,275,000 (on right). 300 S Interlachen Avenue, #304, Winter Park
In the TOWNHOUSE category, 249 units have sold, with an average sale price of $221,731.
The lowest-priced sale was a 1 bedroom, 1-bath, 420 square foot unit in Winter Garden, selling for $62,000 (on left). 416 Eron Way, #30, Winter Garden
The highest-priced townhome sale was a 3 bedroom, 3-baths, 2,434 square foot unit in Winter Park, selling for $715,000 (on right). 1142 S Pennsylvania Avenue, Winter Park
In the SINGLE FAMILY HOME category, 2,104 homes have sold with an average sale price of $328,506.
Of these homes, the lowest-priced sale was a 2 bedroom, 1-bath, 700 square foot home in 32810 zip code area, selling for $20,000 (on left). 3500 Doctor Love, Orlando
On the other end of this scale, is a 5 bedroom, 5 full-bath, 2 half-bath, 6,535 square foot custom home in 32836 zip code area, selling for $3,400,000 (on right). 9720 Vista Falls Drive, Golden Oak
Are you looking to buy or sell a home? Give us a call. We have 40 years of combined experience in Central Florida. We are truly your Orlando area experts and advocates.
Until next quarter, take care! Remember we are always just a phone call or email away.
Yien and the Yao Team.