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Central Florida Real Estate

2007 Home Prices Stable In Baldwin Park

Mar. 4, 2008
Categorized in: New Subdivisions

Proof that Real Estate is local, in Florida the Orlando market is doing well, not great but well. And within Orlando you have pockets were Home sales are stronger than others, even showing a slight up-tick in values. Don't let a Buyer sell you short because the newspaper states the market is bad, they lump everyone in the same pile. Sales and Values are local, some city to city (Lake Mary, Longwood, Kissimmee) some by neighborhood (Alaqua, Baldwin Park, Celebration, Sugarloaf Mountain), what part of Central Florida are you selling? Where do you want to buy? Who will buy your home in 1 to 5 years? Why would they? Call us, we are positive on the market, support it with data and show it in our voices! 

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2007 Home Prices Stable In Baldwin Park

Orlando, FL - January 15, 2008 - A total of 282 new and existing homes worth $147 million were sold during 2007 in Baldwin Park. The average sales price of a new home reached $531,202, a 1%  increase over 2006.  With resales factored in, the average price dropped 2% to $521,235 in 2007.  Seventeen home sales over $1 million were recorded during the year.

The data is based on closing documents submitted by the new home builders, and from MLS resale reports.  For sale by owner data was not available.

Baldwin Park was not immune to the real estate market slowdown, with unit sales down 37% from the 448 sales transactions recorded in 2006. Sales volume reached a high point in 2005 with 524 sales valued at $244 million.

To date about half of the for-sale