2020 Windermere Year Summary

Welcome to Ron the Realtors Windermere Real Estate Market Report 2020 Year in review. The only place on the internet to get this much accurate data regarding the Windermere Housing market along with in-depth breakdown and predictions from Windermere resident and unprecedented 4-year running #1 REMAX Realtor in the State of Florida, RTR.

Windermere continues to be sought after due to its proximity to the theme parks, Downtown Orlando and the famed Butler Chain of Lakes. Exclusive manned gated communities lined with mature oaks attract high net worth families to call 34786 their home. The Town’s dedication to keeping the charm of the area allows for one of the only places in Central Florida not bustling with 4 lane highways and neon signs on every corner.

The sought after schools and close proximity to Sand Lakes restaurant row, International Drive and booming Winter Garden allow the residents endless shopping and dining options.

Lets look at how 2020 finished compared to 2019….. all data derived from the ORRA MLS

684,013

Average Sale Price
11
Increase

71

Average Days on Market
5
Improvement

198.73

ave $/ft
6
Increase

2020 Windermere

WINDERMERE was a great place to be in 2020… Massive demand-driven from out of town migration to the area, booming stock market, historic low-interest rates, and lots of creative jumbo and hybrid loan programs created the perfect storm and drove prices sky-high.

Over 11% spike in the average sale price and record low inventories fueled so many above appraisal offers. More importantly, if you just read the 4th quarter report, so many homes that were sitting 1-3 years on the market closed and funded.

Windermere is flirting with a $700,000 average sale price and $200/ ft.

The market fell 50 units short of 2019 units closed units BUT if you recall the entire county was closed down for almost 2 months in the 2nd quarter of 2020.

WINDERMERE 2020 Single-Family

785,079

Average Sale Price
10
Increase

82

Average Days on Market
2
Improvement

207.17

ave $/ft
6.5
Increase

Single family homes were in huge demand in Windermere in the 3rd and 4th qtr of 2020 due to all the issues Covid exposed to many of our neighbors to the North and West.

Windermere has over the decades proven to be an amazing place to raise a family and call home. When many flock to the area and ask where they should look, Windermere is top of their list, even more so than Winter Park these days since the work from home climate has been ushered in.

The lack of new home construction competition and gated communities located outside of 34786 as a whole drove the demand higher than I have ever witnessed in my 25 year career.

FLASHBACK... WHAT RTR PREDICTED AT END OF 2019 FOR WINDERMERE 2020

630,000

Average Sale Price

3% Increase

192

ave $/ft

5% Increase

7

Average Days on Market

4% Improvement

440,000

Median Sale Price

7% Increase

Here is What Happened

630,000

Average Sale Price

3% Increase

192

ave $/ft

5% Increase

7

Average Days on Market

4% Improvement

440,000

Median Sale Price

7% Increase

RTR was wrong, doesn’t happen often…. in my defense …I never planned a global pandemic and even if I did , no one could have ever predicted this type of unprecedented migration to our area. I am glad I was off on the plus side. I was off by quite a bit !

What happens in 2021… this is the reason you read this publication.

CLICK THE IMAGE BELOW TO SEE MY 2021 PREDICTIONS

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