Heathrow FL Semi-Custom Home Sales Decline 51% from Last Year
This is Part 1 of 2008 1st Half Heathrow, FL Real Estate Updatw
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. 61 semi-custom homes were sold in Heathrow in 2007. During the first half of 2008, 18 semi-custom homes were sold. This represents a decrease of 51% in semi-custom homes sold from the 1st half of last year to this year.
Within the semi-custom home segment, Kentford Gardens led the pack having 6 homes sold. The following chart shows the number of custom homes sold by neighborhood.
Average sold prices vary dramatically between the various neighborhoods. Kentford Gardens had the highest average sales price of $632,917. Kentford Gardens also had the most expensive homes sold at $707,500. Carrington had the lowest average sold price at $260,000. Here’s the average sale by neighborhood for Heathrow semi-custom homes.
More important than average sold price is the relationship between sold price and the size of the home. Thus, sold price per square foot ($/SF) is a better indicator of relative value. Wembley Park and Stratford Gardens had the highest average sold price/SF of $199.The following chart shows the average sold price/sq. ft. for the various semi-custom home neighborhood.
