- Blog Archive: February, 2010 | Page #3

Distress sales are driving the region’s housing market to such a degree now that two-thirds of the existing-home closings in the Orlando area last month involved bank-owned or short-sale properties, according to a report released Wednesday.

That growing number of desperation sales, combined with the region’s free-falling condominium prices, drove down prices overall last year by more than one-third, to a median of $130,000, compared with a midpoint of $209,000 in 2008, the Orlando Regional Realtor Association said.

The good news for Central Florida homeowners: The year ended with a slight increase in the median sales price, which rose $2,000 in December to $125,000 from the month before. And though that December median was down 25 percent from December…

Our detailed market background commentary overview providing the latest statistics for the past years sales performance numbers is now available from the Short Term Rental Market News section (Last Updated 1st February) and is directly accessible from the Market News and Statistics link below. (All previous monthly archived reports are also available for download from our site.) Team Donovan Market News and Statistics.

SOUTHERN DUNES

2648 HEMINGWAY AVE, HAINES CITY

Golf course frontage at the Southern Dunes Golf & Country Club. This 4 Bed 3 bath pool home has breathtaking views of the fairway and green. The property is fully furnished and will make the ideal second home or residence.   Sold Price $155,000



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