Heathrow FL Custom Home Sales Decline 58% from Last Year
This is Part 2 of 2008 1st Half Heathrow, FL Real Estate Update
Heathrow is a lovely, gated, golf course community located north of Orlando, FL. It consists of custom and semi-custom single family homes, condos, and townhouses. 51 custom homes were sold in Heathrow in 2007. During the first half of 2008, 13 custom homes were sold. This represents a decrease of 58% in custom homes sold from the 1st half of last year to this year.
Within the custom home segment, Heathrow Woods and East Camden led the pack having sold 4 each of the 13 custom homes sold. The following chart shows the number of custom homes sold by neighborhood.
Average sold prices vary dramatically between the various neighborhoods. Heathrow Woods had the highest average sales price of $1,625,000. Heathrow Woods also had the most expensive homes sold at $2,800,000. Regency Green had the lowest average sold price at $346,000. Here’s the average sale by neighborhood for Heathrow custom homes.
More important than average sold price is the relationship between sold price and the size of the home. Thus, sold price per square foot ($/SF) is a better indicator of relative value. Heathrow Woods again led the pack with an average sold price/SF of $235.82.The following chart shows the average sold price/sq. ft. for the various custom home neighborhood.
