$1 million home sales increase sharply [Central Florida]

$1 million home sales increase sharply [Central Florida]

Sales of single-family existing homes priced at more than $1 million soared 270 percent in Metro Orlando during the past three years, a new analysis shows.

The growth in home prices as well as the surge in the size of homes has helped the trend, according to experts with the Orlando Regional Realtor Association.

Still, $1 million-plus mini-mansions account for less than 1 percent of all existing single-family sales in the region, according to the figures released Monday by the Realtor group and Attorney’s Title Insurance Fund.