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Condos help perk up sales in Orlando’s Baldwin Park

 

Orlando Sentinel - June 8, 2009

Sales doubled in Orlando’s high-profile Baldwin Park development during May, according to a market report.  An $8,000 federal tax credit for first-time buyers helped drive condominium sales in the mixed-use, traditional-style community.  Twenty sales were reported for May, compared with 10 in May 2008, according to a report from New Broad Street Realty.

 

The average sales price in May was $359,344-down 19 percent from a year earlier.  One broker cited the increase in condo sales as a reason for the price decrease.

 

The homes took more than six months on average to sell.  While listed homes in the greater Orlando area sold in half that time on average, New Broad Senior Vice President Barbara Koenig said the Baldwin Park homes had sat on the market months less than listings in nearby Winter Park,

 

As of June 1, the community had 101 homes on the market, a 40 percent decrease from a year earlier, she added.  

 



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