Windermere Florida Realtor

Winter Garden Market Report

1st Quarter of 2020

Welcome to the only place to become an expert of Winter Garden real estate in 15 minutes or less, thanks to the top-selling Winter Garden Realtor. Ron the Realtor is not only the #1 REMAX Realtor in the entire State of Florida, No one has sold more homes than RTR in 34787 in the entire Country over the last 15 years….here is the rankings for last 15 derived directly from the ORRA MLS.

402,883

Average Sale Price
4.5
Increase

56

Average Days on Market
0
Increase

162.87

ave $/ft
4.4
Increase

Overview

Thank you for taking a few minutes to read the Ron the Realtor Winter Garden Real Estate 1st quarter Market Year in Review. As RTR has been doing for the last 16 years… he provides a quarterly report and a full blown end of the year in review report to anyone that wants to read it. No subscription, no registration of our email… anyone can read it, even competing Realtors…who does that? Ron has always believed, knowledge is power.

Another thing that RTR has done for well over a decade, Ron has DOMINATED the Winter Garden real estate market.  RTR outsold the closest actual Realtor (not a new home national builder) by over $86,000,000 !!! Closing OVER 500 homes since 2005!

2020 1st Qtr comparison VS All of 2019

2020 1st qtr 34787
 2019 1st qtr 2019
As you can see the start of 2020 was continuing the soaring climb to new record heights never seen in the history of the zip code. Then in the middle of March, actually on St Patricks Day they ordered all the Bars and Social establishments to be closed at 6 pm. They have not been open except for take out since. Even with this screeching halt to the entire countries economy Winter Garden Managed to sell 5 more units than in 2019 and do so at record breaking numbers. We broke an average sale price of over $400,000 and jumped over 4% on the average $/ft in the last 12 month span.

Single-Family Homes 1st Quarter 2019 Winter Garden

432,015

Average Sale Price
7
Increase

65

Average Days on Market
0
Increase

163.08

ave $/ft
5
Increase

As Ron the Realtor does with every aspect of his reports, he drills down even deeper… the tables above contain EVERY unit sold, including townhomes, condos and single family. They are really 2 different markets in my opinion. Lets remove all townhomes and condo sales and deal only with single-family homes in Winter Garden in the 1st Qtr of 2020

 

2020 1st qtr single family

2019 1 st qtr single family

 

Winter Garden literally crushed it in the single family arena. Spiking over 7% on average sale price and 5% on average $/ft … these are some of the largest 12 month Quarter jumps seen on record. From 2018 to 2019 they experienced a 2% DECLINE in average sale price but slight bump in $/ft.

If you were to jump back and look at the Ron the Realtors Winter Garden 2019 Year and review , the final average sold price of single family homes for the year was $426,704 and average $/ft $158.79. 2020 WAS headed towards shattering numbers. As an avid reader of this publication you will know that the 2nd and 3rd Qtrs are the best months of the 12 month cycle for all 4 major categories in a NORMAL MARKET.

RTR MARKET PREDICTION

Most jump right here and rightfully so. What does the top Realtor in Winter Gardens storied history and the #1 Realtor for 3 years in a row in the State for largest real estate company in the world have to say in these unprecedented times?

What is in store in the coming days, weeks, months?

Short Term

  • Short term, we will see the worst 2nd quarter in terms of all 4 categories we track here. We will also see the lowest units pending and closed. Sadly the third quarter will most likely see a decline as well, continuing through all the way until the election. The results of the election will determine the protection and speed of the recovery.

Long Term

  • Long Term, Winter Garden will be fine. The Market will bounce back and demand will be even higher as those from other parts of the state with signicantly higher taxes, cost of living and housing values push many to the sunshine state. The weather and no state income tax will always be a draw to those young and old.  Many in NYC quarantined in their 800 sq ft living quarters they spent 650k on are looking on the internet at homes with massive yards and pools for same price. We will see a slow down in building, demand will ramp up quickly when the country reopens. As long as interest rates stay low and lenders lend money, we will be in great shape in  Winter Garden long term.
BOOTS ON THE GROUND
  • Appraisals are coming in low for the first time in over 10 years. Out of the last 4 appraisals completed 3 fell short and 2 fell short by quite a lot, never seen this in my career.
  • Interest rates while low are creeping up from the lowest ever on record. More concerning is that loan criteria is drastically tightening. Higher down payments and credit scores are the new benchmarks. Significantly lower debt to income ratios as well. We are seeing thousands of potential buyers that would have qualified a month ago, not even be in contention now with these new requirements.
These 2 observations not reported in the news yet will have significant downward pressure on the current housing market. Those that need to sell will take less, creating new baselines for appraisals for 6 months to come.

Buyers

  • Winter Garden is one of the greatest places in the country to call home. This will NEVER change.  The only positive to all of this is that housing will almost undoubtedly become more affordable for more people.

Sellers

  • As a Seller, the gravy train has stopped, saddly once again (seems like every 10 years almost ). The sellers that will sell are the ones that will offer a fair price and not test the market. There will be a new wave of short sales in the coming years from the massive job loss. As in 2007, the court system will be played and basically mocked as defaulting home owners will seek the attorneys that have mastered the craft of kicking the foreclosure date down the street. I truly hope the banks fix the short sale process, they were anything but short that is for sure.Now more than ever the Realtor you select to represent your family will be the difference between selling and for sale. In these uncertain times the only thing certain is that Ron the Realtor is here when you need him.

"Thank you for taking the time out of your day to gain some insight on the local Winter Garden market that I have devoted my life's work to. I am so blessed to have helped so many families spanning over 2 decades in the area. Earning the #1 Remax Realtor in the entire State of Florida 3 Consectuive Years, voted the Best of Southwest Realtor for the 5th time in a row and named to the Orlando Magazines HOT 100 for the 14th year in a row.

I just want to thank everyone in the RTR army for allowing me the honor to represent and fight for your family. Thanks to your confidence in my abilities. I am able to be one of the very few that can say I love what I do every day. Stay healthy and safe in these unprecedented times.

God Bless our troops overseas and the families they leave behind. I will never forget that FREEDOM IS NEVER FREE. My family thanks you for your sacrifice."

THE HARDER YOU WORK, THE LUCKIER YOU GET

Past Quarterly Reports

2020 2nd Quarter Winter Garden Real Estate Market Report (Pandemic Edition)

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Winter Garden Market Report 2nd Quarter of 2020 Thank you for taking a few minutes…

2020 1st Quarter Winter Garden Real Estate Market Report

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Winter Garden Market Report 1st Quarter of 2020 Welcome to the only place to become…

2019 4th Quarter Winter Garden Real Estate Market Report

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Thank you for taking a few minutes to read the Ron the Realtor 2019 4th…

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