West Orange County seems to be the place for high rollers in the Orlando real estate market. Keene’s Point, an elite-luxury community in west Orange booked more million dollar sales in the first half of 2008 than any other luxury community in the four county Orlando area. Keene’s Point is a Castle and Cooke Development located near Windermere. Of 140 homes that sold for more than $1 million from January thru June, 16 were Keene’s Point listings. The average sales price was $1.49 million.
A community called Alaqua Lakes located in North Seminole County stole second place with 11 sales over the $1 million mark. Another community located in West Orange County near Windermere, Isleworth (of Tiger Woods fame), topped the charts with not only eight homes sold but an average sold price of $4.5 million – the highest average sale price for all four Orlando counties: Orange, Seminole, Lake and Osceola. Although research shows that million dollar resales in the Orlando Metro real estate market are down 39% from last year (140 in 08 to 231 in 07) in the first half, average sales prices are actually up. In the million plus category the overall average sales price moved from $1.71 million to $1.78 million. The average price per square foot in this segment was also up from $343 to $346 per sqft.
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