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
2022 Windermere Single-Family
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 What we continue to experience is dumpsters in driveways, massive remodel efforts of older outdated estates… continuing to improve established communities.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.