April home sales up 38%, values fall 34% - Washington Business Journal:

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For the Orlando area, existing home sales were 1,859 in a 38 percent jump fromthe 1,347 sales postes in the same month a year prior. Mediabn home prices, however, fell 34 percent in April, from $215,700 last year to $141,800 this year. The slide in values will likely be felt in cities and SchoolBoard operations. The Orangr County Property Appraiser's Office reported May 27 that value sfell 10.5 percent. See related story . The Daytona Beacbh area reported a nearly 10 percent jump in home from 556 in April 2008 to 610 last The existing home value fell to a nearly 29 percent decline fromlast April’s $178,100.
Orlando area condk resales spiked 190 percentin April, from 136 closing in 2008 to 395 closings this Median condo prices dropped by more than from $120,800 last April to $52,700 in April 2009. But the Daytonz Beach area wasn’t so successful with condo falling from 121 closingw in April 2008 to 114 last month for a 6percentr decline. Condo values also fell 22 percent, from $213,80 0 in April 2008 to $167,500 in April 2009. Statewide, existing home salesw rose 18 percent in Aprilwith 13,111 homes sold this year comparede with 11,133 homes sold in April 2008. Florida’s median home sales price dropped31 percent, from $199,50o0 in April 2008 to $138,500 last month.
A total of 4,660 Sunshine State condos resolddlast month, a 21 percent jump from April 2008’sw 3,862. The statewide existing condo median salees price last monthwas $106,600, a 40 percent slid e from the $178,900 posted in the same month a year