Heathrow FL Home Sales Decline 54% from Last Year
This is Part 3 of 2008 1st Half Heathrow, FL Real Estate Sales
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. 112 single family homes were sold in Heathrow in 2007, of which 51 were custom homes and 61 were semi-custom homes. During the first half of 2008, 31 single family homes were sold, of which 13 were custom homes and 18 were semi-custom homes. This represents a decrease of 54% in homes sold from the 1st half of last year to this year. Here’s the breakdown by quarter:
Prices have also decreased during this time period. Custom home price per sq. foot have decreased 33% from $280.23 $/SF in Q1, 2007 to $189.01 $/SF in Q2, 2008. Semi custom homes decreased 7% during this period.
For information on the specific Heathrow neighborhood, please see my previous blogs, Heathrow Fl 2008 1st Half Custom Home Sales (http://orlandorealtyblog.com/2008/07/06/heathrow-fl-custom-home-sales-decline-58-from-last-year/) and Heathrow Fl 2008 1st Half Semi-Custom Home Sales . (http://orlandorealtyblog.com/2008/07/06/heathrow-fl-custom-home-sales-decline-58-from-last-year/)
