ORLANDO, Fla. --- Stirling Sotheby’s International Realty reports that inventories of available homes and condominiums for sale are at a six year low and prices for single family homes and condominiums in the downtown Orlando area appear to be on the rebound.
A recent market study by Stirling Sotheby’s Luxury Homes Specialist Jane Scrima shows that 73 single family homes are currently listed for sale in the Downtown Orlando area at an average price of $164.42 per square foot.
Scrima reported that 61 single family homes have sold in the Downtown Orlando area so far this year at an average sales price of $127.36 per square foot.
Sixteen single family homes sold during May at an average square foot price of $128.71
Scrima reported that 34 condominiums are currently listed for sale in the Downtown Orlando area at an average asking price of $234.60 per square foot.
From January through May 80 condominiums have sold in the downtown district at an average price of $141.72 per square foot.
Scrima said 15 condominiums sold during May at an average of $141.04 per square foot.
“We are definitely seeing an uptick in the average sale price of homes in the downtown area,” said Roger Soderstrom, founder and owner of Stirling Sotheby’s International Realty.
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
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