Stirling Sotheby’s International Realty Sees Increase in Luxury Home Sales at Lake Forest in North Seminole

ORLANDO - Stirling Sotheby’s International Realty reports that sales of luxury homes in Lake Forest in north Seminole County have been increasing at a steady clip.

Stirling Sotheby’s International Realty Associates Sally Andy and David Warren, who focus on the luxury community located off SR 46, said 17 luxury homes have sold at Lake Forest during the first six months of 2010 at an average sale price of $397,000. (View market stats at http://www.stirlingsir.com/video/uneek/Postcards/Lake%20Forest/Lake%20Forest%20Powerkard.pdf).

Only 10 homes sold at Lake Forest in the same period of 2009.

Since January of this year, 33 homes at Lake Forest have been listed for sale and almost a third of them — nine sales — are currently pending, Andy said.

Warren said the highest sale price for the first half of this year was $683,616 compared to the $1,040,000 highest sale reported at Lake Forest in 2009.

“In 2009 the average Lake Forest asking price listed was $499,145. Today, the average asking price is $480,170, only a small variation,” he said.

The difference between the average asking price and the average sale price is approximately 4 percent, Warren said.

“There’s been a big increase in the number of visitors touring the community and the sales speak for themselves,” said Andy and Warren. “There may be a little room for negotiation, but Lake Forest pricing is pretty stable, and asking prices are pretty realistic,” they added.

For more information contact: Sally Andy or David Warren, Stirling Sotheby’s International Realty, (Sally: 407-687-7295, sally@sallyandy.com )(David: 407-928-3760, david@sallyandy.com); Roger Soderstrom, Owner/Founder Stirling Sotheby’s International Realty, 407-581-7890; Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142

About Stirling Sotheby’s International Realty: Stirling Sotheby’s International Realty is affiliated with Sotheby’s International Realty, the largest luxury real estate brand in the world. Stirling Sotheby’s exclusive services include luxury residential, new homes, commercial, property management, in addition to supporting builders, developers, lenders, and asset managers. The company operates three performance zones which serve all of Central Florida. Visit www.StirlingSIR.com.