Alaqua Lakes Real Estate sales, accoring to the Mid Florida MLS, for the first month of the jear 2012  have been very slow indeed. 50 % of the inventory is distressed which translates into further decline in values. Good new for home buyers, Alaqua Lakes real estate is becoing more attractive and should sell faster.

Baldwin Park is a newly developed traditional neighborhood, located just 3 miles from downtown Orlando.  The former Naval Training Center of 1100 acres is now home of about 8000 residences and 125 businesses. There are excellent schools, lakes, shops, and restaurants and the area offers single family homes, condos, town homes and luxury homes as well as apartments. Great walking and biking areas, make this a perfect neighborhood enjoy.  Being close to the Orlando international airports makes this a great place to work and live.

I just developed a new website, which is concentrating mainly on the downtown condo market and here are the 2011 Baldwin Park condo sales statistics. If you are interested in buying, here is also a link to the Baldwin Park condo MLS.

Condo prices in Baldwin Park have dropped in value in 2011 by 7% from  $202,581 in 2010 to $189,217 in 2011. The per sq. ft. price dropped from $131.00 to $130.88 per sq. ft.

2011 Sold prices by bedroom category were follows:

• 14 condos with 2 bedrooms sold at the average price of $181,389 or $130.90 per sq. ft.

• 8 condos with 3 bedrooms sold at the average price of $202,917 or $130.85 per sq. ft.

Currently there are 7 condo units for sale and the average price is $169,657 or $119.19 per sq. ft. which would indicate a further decline in Baldwin Park condo sales for 2012.

Orlando’s original high rise condo tower built in 1985 offers 92 condos of 1 bedroom 1 bath, 1 bedroom 1.5 bathroom, 2 bedroom 2 bath and 3 bedroom 2 bath penthouse units with 2795 sq. ft. each condo has either one or two assigned secured and covered parking spaces. The location of the tower is great, walking distance to downtown and Thornton Park and the shores of Lake Eola and great restaurants and entertainment venues, cafes and even a grocery store is close by.

The real estate condo market has been challenging for 530 East Central where condo values have again dropped over the prior year 2010 from $197,500 per unit to $155,600 in 2011 or 21%. The per sq. ft. price dropped from $134.49 per sq. ft. to $113.49 per sq. ft. in 2011 or 16%. Unit sales stayed at par compared to past year, at 5 units.

As of this writing January 2012, there are currently 7 units for sale, average asking price is $291,571 or $159.50 per sq. ft. , 4 of the units are in short sale.

• 6 condos with 2 bedrooms, average asking price is $207,000 or $138.40 per sq. ft.

• 1 Penthouse condo 3 bedroom 2 baths, asking price is $291,571 or $285.87 per sq. ft.

The condo market in the downtown Orlando area is going to be challenging for 2012, although some developments like the Vue have already seen price appreciation and sales have doubled, this is not going to be the case in all developments.

The Vue at Lake Eola had great years in condo sales, where sales increased by increased by 125% and prices jumped as well.  The average price per condo increased by 12% and the average per sq. ft. price jumped 25%. The tower offers 365 units broken down as follow
1 Bedroom 1 Bath
1 Bedroom 1.5 Bath
2 Bedroom 2 Bath
2 Bedroom 2.5 Bath
3 Bedroom 3 Bath
Currently there are a total of 26 units pending and for sale:
15 units 1 Bedroom 1 Bath or 1.5 Bath average asking price $246,108 or $248.73 per sq. ft.
7 units 2 Bedrooms 2 Bath average asking price  $364,243 or $284.69 per sq. ft.
4 units 3 bedroom 3 Bath, average asking price $1,402,250 or $484.57 per sq. ft.

2010 Sales Statistics
29 units sold at the average price of $234,636 or$196.41 per sq. ft.
2011 Sales Statistics:
56 units sold, Average sold price $262,611 or average $245.18 per sq. ft.
31 - 1 Bedroom unit sold for average sold price $210,300 or  $212.01 per sq. ft.
21 – 2 Bedroom average sold price  $322,500 or $255.96 per sq. ft.
4 – 3 Bedroom  average sold price $618,724  or $298.87 per sq. ft. 
The Vue at Lake Eola

There are currently 4 condos for sale in 101 Eola, located in the Thornton Park area of Orlando. 13 condos sold in 2011 at the average price of $188,646 or $218.14 per sq. ft. this 3 units more compare to 2010. Prices slighly declined by $22.00 per sq. ft. from $240.00. The average price per condo sold in 2010 was $227,140 also a slight decline.

The condo development offers:

• Built in 2008
• 157 units form 1 bedroom 1 bath to 2 bedrooms 2 baths
• Floor to ceiling insulated glass windows
• Gourmet kitchen with stainless steel appliances
• Wood carpentry
• 24 Hour door man
• Step outside and walk the shores of Lake Eola
• Only steps from the down town Orlando activities and the Farmers market

http://www.shoporlandodowntowncondos.com/101-Eola-Condo--Condos-For-Sale-in-Orlando--FL-6-10181.html

Just set up a website concentrating on the Orlando luxury condo market. Orlando real estate and especially condos re coming back and it is great opportunity to buy condos. I have hired a team member she has sold many condos down town and is going to be the best agent to get great information on the Orlando down town area. Here are the condo development I am featuring on my site. www.SHOPORLANDODOWNTOWNCONDOS.COM 

·         101 EOLA CONDO

·         530 EAST CENTRAL CONDO

·         ATHERTON PARK CONDO

·         ATKINS PLACE CONDO

·         BALDWIN PARK

·         JACKSON CONDO

·         NEWTON CORNER

·         PARAMOUNT ON LAKE EOLA CONDO

·         RENAISSANCE AT LAKE IVANHOE

·         Solaire at the Plaza

·         Uptown place condo

·         Vue at Lake Eola

·         Waverley at Lake Eola

·         Wellesley Condo