If you’re fond of numbers and tracking the health of the luxury home market, you’re in the right place. Updates will likely come quarterly once we move beyond such great speculation, but until that time, look for monthly posts on the matter. If you aren’t finding what you need, contact us and request.
For an in-depth report or valuation of your specific property, CLICK for the request form. Your report will be emailed within 48 hours.
The purpose is to show how the market is trending. Prior to the Pandemic, the central Florida market was off to a very strong Spring selling season. Despite present challenges and fear of future economic fallout, agents and transaction-related service providers are adapting and getting buyers to closing. The market is certainly affected, but the sky isn’t falling (depending on who you ask). For more on that subject, see ‘Are Houses Selling During the Pandemic‘.
The following stats are for luxury homes in Orlando area market. (The image at bottom of page contains a link to full pdf report on all active luxury home markets in N. America)
Luxury Home Market Stats for Greater Orlando
Market stats for luxury homes in Orlando (including Orange, Seminole, Lake & Osceola counties) as of May 3rd, 2020
List/Sale price of $999,000 or greater
Active Listings: 522 *Avg listing is 5 beds/6 baths, avg list price $1,972,252, on market 197 days
***highest active listing is 9912 Lake Louise Drive in Isleworth $23,000,000. (see photo and details below)
New Listings: 10 (since May 1st) 21 (within past 2 wks)
Pending: 74 (16 under contract within past 2 wks)
Sold: 34 (past 30 days) 14 (past 2 wks) *Avg sale was 5bed/6bath, 4,835 sq ft with list price $1,833,273 and sold price $1,783,046 (357.60 price per sq ft). Sale price : List price= .97
Sold same timeframe in 2019: 52
***highest sale is 10309 Summer Meadow Way in the Four Seasons Residences at Golden Oak – Disney. The 6 bedroom, 6.3 bath home closed April 23rd for $7,945,000 (list price). Built in 2019, 8,589 sq ft (under air). (Listed and sold by Golden Oak Realty)