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2022 Windermere Year Summary

Welcome to RTR’s Windermere Real Estate Market Report 2021 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 residents and unprecedented 6-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 the booming Winter Garden allow the residents endless shopping and dining options.

Let’s Look At How 2022 Finished Compared To 2021….. All Data Derived From ORRA MFRMLS

991,911

Average Sale Price
15
Increase

22

Average Days on Market
40
Improvement

291.44

ave $/ft
19
Increase

2022 Windermere

2022 continued the upward  double digit trajectory in every major metric.  Experiencing 15% spike in average sale price, climbing $150,000 over 2021 average ( which is an unheard of $300,000 over last 2 years !!!) , average $/ft climbing 19% to just under $300 a foot and a median sale price hovering just under 700k !.
What needs to be highlighted is the drastic 42% drop in units sold in 2022 compared to 2021.
While most markets in the nation were experiencing price reductions and increased days on market due to the highest interest rate hikes and inflation in 40 years, Windermere boasted an unheard of 40% drop in average days on the market …. BOTTOM LINE…. People want to call Windermere home.

Let’s shave off the condos and townhomes and look at the single-family market to get the whole picture before we get into the RTR breakdown of the why and how.

2022 Windermere Single-Family

1,152,518

Average Sale Price
13
Increase

25

Average Days on Market
43
Decrease

307.03

ave $/ft
19
Increase

Looking at the single-family market of Windermere is crucial because for the zip code of 34786,

This is the real market, not the condos and townhomes off cr535, but the gated communities and custom estates gracing the shores of the famed and sought-after Butler Chain of Lakes.

Windermere soared past the $1,000,000 average closed sale price ($1,152,518) , jumping 13% from 2021. Even more mind-blowing is the jump from 2020’s $785,000 average closed price .. Well over $350,000 jump and an unheard-of 32% growth in 2 short years.

Windermere enjoyed something even more phenomenal during 2022, a massive drop in days on market (43%) while most of the nation experienced significant increases and price reduction.

The median sale price soared to $800,000 but the real story is the average $/ft broke $300 !!!!

2022 recorded a massive 15m closed sales, 2 10m sales, and 222 over 1m… 2021 boasted 2 10m sales and 287 sales over 1m.

The drastic drop in inventory from year to year really hits home the fact that Windermere is the place to call home. No one wants to leave, driving prices even higher under the simple supply and demand of economics. Windermere is landlocked with no real development opportunities. What we continue to experience is dumpsters in driveways, massive remodel efforts of older outdated estates… continuing to improve established communities. This will even further drive prices higher as each of these newly renovated homes sell for significantly higher values.

RTR ARMY WINDERMERE 2022

Listings SOLD

What is in store for 2023?

2023 Market Predictions
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