Florida Condo Sales Rise in 2010

An Orlando Business Journal article recently compared single family home sales to condo sales in the Greater Florida area. While sales in single family homes declined 14% in July 2010 (compared with 2009), this year's Florida condominium sales rose a significant 11% statewide compared to the same time period last year.

Total condo units sold rose to 5,557 from last year's 4,991 per the Orlando Business Journal article. In highly desirable Metro areas like Orlando, condo sales rose an incredible 59% from 475 units sold to a whopping 754. The sales price saw a corresponding increase of 5.6% demonstrating clear consumer interest in hot condo markets such as Orlando, Florida.