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| Vicky McVay-Froom |
ORLANDO, FL--- A new market trends study by Stirling
Sotheby’s International Realty shows that $1 million plus luxury housing sales
in the southwest Orlando area, which stretches from Windermere to Disney, have
stabilized and points to a substantial uptick in sales in 2013.
Vicky McVay-Froom, International Marketing Expert
with Stirling Sotheby’s International Realty’s Dr. Phillips Marketing Center,
said 78 million-dollar plus homes sold in the southwest Orlando quadrant
through the third quarter of 2012, up from 74 million-dollar plus homes during
the same period last year.
McVay-Froom, who conducted the study, said the average sale
price was just under $1.7 million, down from an average of just over $1.8
million in 2011.
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| Golden Oak at Walt Disney World Resorts |
The surprise market was Golden Oak, Walt Disney World
Resorts’ new mega luxury community, which posted 10 sales through the third
quarter with an average sale price of $2.5 million or $520 per square foot.
“Listing activity was down by 29 percent through the third
quarter in 2012. The overall average
sale price is down, and sales are stable,” McVay-Froom said.
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| Roger Sodestrom |
“Those three indicators are relevant,” said Roger Soderstrom
founder and owner of Stirling Sotheby’s
International Realty. “The market has bottomed out. Demand is increasing,
supply has decreased, and we anticipate that sales will increase in 2013 as
well as sale prices,” he said.
For more information, contact
Roger Soderstrom, Owner/Founder Stirling Sotheby’s
International Realty, 407-333-1900
Vicky McVay-Froom, International Marketing Specialist,
Stirling Sotheby’s International Realty, 407-620-0952;
Larry Vershel or Beth Payan, Larry Vershel Communications,
407-644-4142
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