Investment and Vacation Real Estate - Orlando, Florida

Orlando home values down 20.7%

The value of homes in the Orlando area has fallen 20.7 percent from the previous year, according a report released Feb. 3 from Zillow.com.

The report shows the current value for all homes in the Orlando area was $172,188 by the end of the year. Single-family home values also were down 20.7 percent to $177,625 and condo values declined 16.2 percent to $130,047.

About 39.8 percent of the homes purchased in 2008 had negative equity and 94.5 percent of homes in the market lost value over the last 12 months, based on Zillow values. The report estimated that 35.5 percent of homes sold in the Orlando area were sold for a loss. complete story

Source: Orlando Business Journal   

Real Estate Orlando   MLS Orlando

Posted by Real Estate - Associates on February 4th, 2009 10:08 PMPost a Comment (0)
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