The home sale in Orlando had multiple bids on the property. The average house value in this Orlando neighborhood had been steadily rising in the months before the closing. The original list price was $32,000 and the property sold for $27,000. Multiple bid situations are causing the demand for Orlando Real Estate to rise and, consequently, the median home price is usually above the list price. In this particular case, the home sold for far below the market value of the homes in the area because of the condition of the property.
The home generated a lot of activity because the list price was well below the market value of the home. It features a lakefront home view that is coveted for the Orlando neighborhood of Paradise Island. The community features older homes built in the 1970’s and is fairly close to Disney. Orlando real estate has come a long way since the slump of the real estate market and has seen an increase in the average price of homes in the past few months. Great bargains, like this one, are being seen less and less in the city and the surrounding Orlando neighborhoods as well.