Orlando 2005 Residential Real Estate Roundup
February 27th, 2006 • Related • Filed Under
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The Orlando Sentinel has a great wrap up of the significant real estate revenue for the major companies doing business in Orlando. Here are some excerpts:
- Realty Capital of Orlando posted $109 million in deals last year, up from $80.5 million in 2004. Sales, leasing and management activity all soared in double digits.
- Signature GMAC Real Estate posted $400 million in sales last year and a record $12.5 million in gross commission income, according to general manager Lisa Gould.
- D.R. Horton Homes sold 2,412 houses last year in the Orlando area with the average sale at $240,000.
- Nicholson Homes had more than $100 million in sales last year in six area communities.
- Royal Palm Homes sold more than $88 million in homes, lots, condos and town homes in 2005.
- The condominium sales division of Signature GMAC Real Estate posted more than $11 million in pre-construction sales at Urbana, a 236-unit condo at Hunter’s Creek in south Orange County.
- Lake Forest Realty in north Seminole County had more than $90 million in sales last year, up more than 20 percent from 2004. via OrlandoSentinel.com
It will be interesting to see the numbers for 2006 and see how they line up. If the Bubble Bloggers are correct, there should be significant downward pressure on these numbers.
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