Monday, September 27, 2010

Orlando Condo Prices Lowest in Florida

It's no wonder that Orlando has been ranked to have the cheapest condos in Florida, when I read that 57.39% or 361 condos sold in the month of August where priced under $50,000.  The median price of condo sold in August was $49,300 and median price for the State of Florida was $81,600.  These prices have been stable for the past year, but you do condo sales pace increasing month after month as our inventory decreases.  Orlando once ranked in the top three for condo conversions, many of these properties are condo conversions.  Orlando condos are not without problems with finances of HOA, maintenance of community, or high HOA fees, and these condos are sold for cash only as financing is nearly impossible.