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HIGHLIGHTS

1,016,466

Average Sale Price
1
Increase

31

Average Days on Market
22
Improvement

288.54

ave $/ft
10
Increase

Windermere 2022 4th quarter

Windermere 2021 4th quarter

WINDERMERE 2022 Single-Family

Windermere finished strong and held its own even with record inflation and highest interest rate hike in over 40 years. While there was no increase in average sale price from 2021 to 2022 4th Qtr, Windermere did experience a 6% climb from 3rd Qtr to 4th Quarter this year. Where the Windermere Market did see very strong improvement was in the $/ft and median sale price metrics.

Properties are taking longer to sell compared to last year’s 4th quarter’s neck breaking pace, which was only to be expected. The drastic drop in inventory we will dive into later in this article but want to highlight the almost 50% drop in units sold from a year ago, it can not be ignored.
As we do every Real Estate Report, lets dig deeper and focus on only the Single Family Market…

Lets dive deeper and focus only on the Single-Family home market.

1,211,301

Average Sale Price
0
Increase

36

Average Days on Market
19
Improvement

307.47

ave $/ft
10
Increase

Windermere 2022 4th Quarter Single Family

Windermere 2021 4th Quarter Single Family

RTR Market Breakdown

 

Windermere encompasses some of the most highly sought-after dirt in Central Florida. This is self evident with the 2022 4th Qtr average sale price remaining over 1.2 million. In 2021 the 34786 zipcode recorded 5 closings over 5m… 2 at 11m even !  61 closed over 1m price point.
In 2022 43 homes passed the 1m price point, almost half of all the homes sold !  One for 7m and one for 10m …both behind the manned guarded gates of Isleworth.
What needs to be highlighted is the milestone of over $300/ft average hit in 4th quarter of 2022… this has never been achieved as an average/ft in history of the zipcode.
Homes take longer to sell, but when they do, they are obtaining higher $/ft across the board.
Windermere is a place where you buy there and die there. Homeowners in these communities sell far less than those in neighboring zip codes. There is really nowhere to go but down in the immediate area so residents stay for far longer average time of ownership than in other zip codes. Evident by the consistent lack of inventory year after year. The scarcity of buildable land makes new development almost unheard of, those that do build are looking at a starting price point well over 2m for their new estate.
The sought after future forecast will be in the Ron the Realtor Windermere real estate end of year report.
If you are curious what your Windermere home si currently worth or wish to call 34786 your new home, the phone is always on for your questions. My decades of experience are here for you to benefit from when the time comes.  407 592 SOLD
Have an amazing 2023 and thank you for taking the time to stay current and gain the knowledge I deliver every quarter for the RTR ARMY.

Thank you for taking the time to read my marketing report

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