1st Quarter 2018 Summary
Windermere Market Report
Welcome to the only place on the internet to become an expert in the Windermere market in less than 5 minutes from the Top REMAX REALTOR in the entire State of Florida, Ron the Realtor. Ron has been selling homes in the Windermere area for 2 decades and for last 13 years has called Windermere his families home.
Windermere offers an ideal location right in between the nightlife of Dr. Phillips Restaurant row and all the new Winter Garden development. Minutes from Disney, International Drive and a 20-minute commute to downtown. The area enjoys some of the most treasured lands in Central Florida… the famed Butler Chain of Lakes, which shoreline is graced with some of the nicest homes in the State. In fact, it is home to Americas LARGEST HOME at just under 100,000 heated ft being built by Real Estate mogul David Seigel. Windermere offers numerous gated communities, mature oak tree-lined streets, “A” rated schools, their own police force and quiet small town feel that is still intact today.
Below is a break down of data derived directly from the ORRA MLS in easy to follow charts.
If this is your first time reading this report, welcome… I always break the numbers down into 2 different ways, the total zip code of closed sales and then just the single-family market by itself.
Here is how the 1st quarter numbers landed:
1st qtr Windermere Solds
1st Qtr Windermere Single Family Solds
As always lets look at the 4th quarter for comparison…
4th qtr Windermere Solds
4th qtr Winderemre Single Family Solds
Highest sale of 1st Quarter
9832 Lake Louise
7,543 htd sq ft, $676/ft
Days on Market 1,201
Original price was $8,900,0000
If you took the 5 minutes to become an expert of the Winter Garden real estate market already you would have read the detailed explanation regarding 4th qtr to 1st qtr numbers and how to analyze them like a real pro.
If you didn’t read that amazing report, here is the basics… the 4th qtr is the final push for the majority of the National Home Builders to close out their fiscal year. New homes typically sell for more than resale homes. Homes that did not sell in the 4th qtr typically will accept less in the 1st qtr to sell and move on for one reason or another.
Weigh in common sense as well, the majority of larger homes re being lived in by families with children going to school, most do not want to disrupt the school year with a stressful move and tend to wait until end of 2nd / beginning of 3rd qtr to list their home for sale, during the busy spring and summer seasons.
So when you see 4th qtr to 1st qtr breakdowns they are typically flat or even receding. A novice or sensationalist will look at this incorrectly and misdiagnose the true market, avid readers of this website know far too well that RTR will break down the numbers and sift through the B.S. for you.
Here are the numbers from 2017 , feel free to reread the 2017 year in review as well, loaded with great info…
2017 SOLDS in Windermere
2017 Windermere single family SOLDS
As stated above, the market was flat in 1st quarter, this will change and change in a hurry in the coming 2nd and 3rd quarter. RTR predicts a 5-7% increase in average sale price and $/ft , and will not be shocked to see a decrease in average days on market at over a week… possibly 8-10 day improvement by end of summer.
Record sales are being posted and lake front homes have never been in higher demand. Windermere possesses some of the most sought after lake front property in all Central Florida and we will see record sale prices for tear downs, dirt sales and homes in desperate need of remodeling. Even further beautifying this amazing town.
The allure of old Windermere and the larger lots, established mature trees and the fact that gated communities are at the highest premium ever will only further fuel the renovation of homes off the shoreline too. With the Winter Garden boom just to the west, many still desire a home with character and a larger yard over the new “cookie cutter homes on postage stamp size lots” and as the prices continue to rise in the neighboring Winter Garden, the allure of remodeling / renovating in Windermere gets even more attractive.
If you are looking to buy or sell, Call Ron today. Buying costs you nothing and when selling RTR charges standard rates and delivers record sales and customer service on every transaction. Call today, Ron’s phone is always on.
Curious what the current market value of your home is, hit contact Ron and find out.
The Harder you work, the Luckier you Get!