Monday, May 08, 2006

News Orlando Real Estate

What is the latest in Orlando Real Estate and Developments? There are plenty of things going on as Orlando number one growth city in Florida.
  • Mercedes Homes has launched Tusca Bay in Sanford. This 99 new home sites is located off Celery Avenue east of Mellonville Avenue will features 3 to 5 bedroom homes starting in $200's. Pre-sales will begin in Fall of 2006.
  • 60 acres will be developed of Lake Markham Road west of Sanford for a high end gated community called Bridle Ridge. Prices starting at $350's each will have a total of 45 new homes with 6 lakefront lots selling for $1.2 million each.
  • Existing home sales in Seminole county rose 9.3 percent in March with a median price of a home in rose to $300,433 as opposed to $284,382 in February.
  • Median price of a home in Orange county is $260,000. Orange county is located in metro Orlando in the heart of downtown.
  • Median price of a home in Broward county is $400,000, which is located outside Central Florida in South Florida in Ft. Lauderdale.

Courtesy of Orlando Sentinel.