WINDERMERE
Real Estate For Sale
Marc Grossman, GRI
Realtor & Mortgage Broker
407-463-1034 - Cell
Email:
marc@OrlandoHomes-4u.com
Website:
www.OrlandoHomes-4u.com
Blogs:
Real Estate Morsels
Windermere, Orange County, FL – Market Sales Statistics for May ‘09 |
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The following are the market sales statistics for Windermere, Orange County, Florida for May 2009. Windermere is made up of the zip code 34786. For purposes of this analysis we are only splitting the data according to single-family homes vs, condominiums, townhomes and villas.
A couple of definitions are in order. The median sales price means that 50% of the homes sold for more and 50% of the homes sold for less during a certain period of time – in other words, it’s the midpoint of sale prices. So basically what this means, is that the median sales price is showing market activity in that it’s specifically indicating which price range is more active.
The average sales price, as opposed to the median sales price, is the total volume of sold properties divided by the number of properties sold.
The sales to list price ratio is just that, you’re dividing the average sales price by the average list price and coming up with a percentage that tells you how much of the list price the average homes sold for.
There needs to be a disclaimer here. These stats are only as good as telling us what it being purchased and happening at a certain period in time. Also, it needs to be fully understood that not only is real estate local, but it is hyper-local. What this means is that the trends that we hear about are overall. Let's put it this way, what's happening in one neighborhood, may not be realized in the neighborhood next door.
Additionally, these are only monthly statistics and to get a better scope of what is happening, you need to look at a longer period of time. More high-end homes might be sold in one month as opposed to another. By looking at a longer period, you will get a better overall picture. It is all relative and this has to be understood when utilizing these stats.
Single-Family Homes
35 homes sold during the month of May.
The average sales price is $376,121 with 107 days on the market.
The median sales price is $285,000.
The sales to list price ratio is 95%.
The most expensive home sold for $909K in Estates of Lake Clarice and was on the market 516 days.
The least expensive home sold for $173,250 in Lakes of Windermere Peachtree after 178 days on the market.
The average sales price for the same period a year earlier was $916,394 with 179 days on the market on 38 sales, a decrease of 8%.
The month to month changes show a decrease in the average sales price of 15% and an increase in the median sales price of 2%. Yet, there was a decrease in sales volume of 20% with no change in the sales to list price ratio.
Condos, Townhomes & Villas
9 homes sold.
The average sales price is $376,374 with 170 days on the market.
The median sales price is $120,000.
The sales to list price ratio is 89%.
The more expensive villa sold for $2.4M in Isleworth and was on the market 249 days.
The less expensive sold for $104,000 in Lakes of Windermere Lake Reams Townhomes after 59 days on the market.
The average sales price for the same period a year earlier was $187,050 with 179 days on the market on 8 sales, an increase of 13%.
The month to month changes show an increase in the average sales price of 171% and a decrease in the median sales price of 14%. The increases are due to the fact that a villa sold for over $2M this month. Yet, there was also an increase in sales volume of 50% with a 25% decrease in the sales to list price ratio.
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Looking in the Windermere area for homes for sale? These are some of my present listings. You can contact me for more information on other available listings for Windermere real estate as well as other cities in the Greater Orlando Central Florida area or you can search yourself by accessing my main website at www.OrlandoHomes-4u.com. Marc Grossman, GRI - your Windermere Realtor -
Check out some of these other sites for more local info: |
