Luxury Real Estate And Luxury Home Sales In Maitland, FL

By
Real Estate Agent with Gitta Sells & Associates at Keller Williams Heritage Realty BK516647

By definition luxury real estate in the greater Maitland area is any home above the $500,000 price range, this is based on guidelines from the Institute of Luxury Home Marketing where I am a member of and also hold the Guild designation. Click here for the Gitta's Institute Website. Luxury real estate in Maitland includes such luxury subdivisions as:

 

• Adams Grove

• Baldwins Grove

• Cove Colony

• Delroy Park

• Dommerich Estates

• Florida Haven

• Hollieanna Shores

• Kings Row

• Lake Colony Estates

• Lake Maitland Manor

• Lake Sybelia Cove

• Maddon Cove

• Maitland Club

• Maitland Forest

• Maitland Isle

• Northshore Estates

• Packwood

• Stonehill

• Sybelia Shores

• Terra Place

• Versailles

• Wellington

 

These are not so good real estate news coming out of the Maitland luxury real estate market especially when you consider that we have 29 months of unsold inventory going into the slower months, with 60 current listings and 8 luxury home sales over the past 6 months.

Granted we have seen some great luxury real estate increases in other areas of Orlando but the Maitland area is lacking behind. Over 14% of the Maitland luxury real estate home inventory is in financial trouble, we may yet see a further decline in value by the end of the year once these distressed luxury homes are sold off at distressed prices.

On the average luxury homes sold at 90% of asking price, however if you do not ask, you do not get. Here is a property which sold in Lake Maitland Manor at 54% of asking price, it was listed at $1,195,000 and sold at $650,000, what a great deal! For foreclosure assistance go to www.orlandoshortsalerealtor.com or for buying or selling luxury homes go to www.orlandoLuxuryhomes4sale.com.

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bank owned homes
maitland homes for sale
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maitland luxury homes
maitland florida
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Rainer
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Gitta Sells and Associates

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