By Mary Shanklin | Sentinel Staff Writer April 27, 2009
Prices for new, single-family homes in the Orlando area hit an apparent new low last week as Avatar Properties Inc. introduced a series of three- and four-bedroom floor plans starting at $77,800 in an effort to compete amid one of the region's hardest-hit areas for foreclosures — Poinciana.
Two years ago, the asking price for the same model house was about $120,000, according to Avatar sales agents in the Villages of Poinciana, in Polk County. The entry-level price includes 1,015 square feet of space — that's $76 a square foot — and a two-car garage on an 80-foot-wide lot.
The company is marketing similar models that start at 1,620 square feet and prices in the $120,000s for its Deerwood Estates development on the Osceola County portion of Poinciana, where its lots are 70 feet wide.
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