ORLANDO, FL - With condominiums selling for less than single-family homes, the condo-heavy MetroWest area racked up more new residential closings than any community in Metro Orlando during the first half of this year. Six builders in the west Orlando development sold 153 properties, all condos, with a total sales volume of $35.3 million, according to a recent analysis of closings by location by Charles Wayne Consulting Inc., a Maitland-based real estate research and consulting company.
That average sales price of $230,600 in MetroWest was second-lowest of the 10 most-active sales communities, the report showed. Sullivan Ranch in Lake County averaged $228,200 per sale; it came in sixth place, with 72 closings totaling $16.4 million. Baldwin Park in northeast Orlando was the second-busiest for closings between January and the end of June, with 81 properties, condos and single-family homes sold, for an average price of $441,600 apiece.
Of the 20 communities with the most new-home or new condo closings in Orange, Seminole, Lake and Osceola counties and part of nearby Polk, 12 were in Orange County, with two in each of the other counties. The 1,167 single-family homes and condos sold for a combined $352.8 million, or an average of about $302,400 each.
The 20 communities reported a total of 58 active single-family subdivisions and 38 active multifamily (condo and attached-housing) projects. Those 20 busiest communities accounted for more than 20 percent of all new homes sold and closed on in the survey area during the first half of the year, the Charles Wayne analysis showed.
Source: OrlandoSentinel.com