Members of the Orlando Regional REALTORÂ® Association filed 4,043 new sales contracts in the month of February, the greatest monthly tally since the organization began recording the statistic in 2005 at the height of Orlandoâ€™s red-hot market. The number represents a jump of 66.11 percent more new contracts filed in February 2010 than in February 2009 (2,434).
The sales of condos in the Orlando area increased by 116.02 percent in February when compared to February of last year, and increased by 10.97 percent when compared to January 2010. A total of 445 condos changed hands in February of this year compared to 206 in February 2009 and 401 in January 2010. To date, condo sales are up 139.66 percent (846 condo sold to date in 2010, compared to 353 by this time in 2009).
The most (236) condos in a single price category that changed hands in February were yet again in the $1 – $50,000 price range, which accounted for 53.03 percent of all condo sales. Two condos sold for more than $250,000 in February.
Orlando homebuyers purchased 150 duplexes, town homes, and villas in February 2010, which is a 21.95 percent increase from February 2009 when 123 of these alternative housing types were purchased. The majority (29) of duplexes, town homes, and villas sold in February 2010 fell into the $100,000 – $120,000 price category. Thirteen duplexes, town homes, and villas sold for less than $50,000 in February, only about half of the number sold in January (24)