2020 Windermere Year Summary
Welcome to Ron the Realtors Windermere Real Estate Market Report 2020 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 resident and unprecedented 4-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 booming Winter Garden allow the residents endless shopping and dining options.
Lets look at how 2020 finished compared to 2019….. all data derived from the ORRA MLS
Over 11% spike in the average sale price and record low inventories fueled so many above appraisal offers. More importantly, if you just read the 4th quarter report, so many homes that were sitting 1-3 years on the market closed and funded.
Windermere is flirting with a $700,000 average sale price and $200/ ft.
The market fell 50 units short of 2019 units closed units BUT if you recall the entire county was closed down for almost 2 months in the 2nd quarter of 2020.
WINDERMERE 2020 Single-Family
Single family homes were in huge demand in Windermere in the 3rd and 4th qtr of 2020 due to all the issues Covid exposed to many of our neighbors to the North and West.
Windermere has over the decades proven to be an amazing place to raise a family and call home. When many flock to the area and ask where they should look, Windermere is top of their list, even more so than Winter Park these days since the work from home climate has been ushered in.
The lack of new home construction competition and gated communities located outside of 34786 as a whole drove the demand higher than I have ever witnessed in my 25 year career.