Welcome to the most visited page every year by buyers and fellow Realtors. The only place to get the personal predictions of long time Windermere resident and top selling Realtor in Central Florida…. RTR
First, let’s look back at what RTR predicted for 2021.
- 10% increase in the average sale price to $740,000
- 7% increase in $/ft to $217
- and a median sale price increase of 6% to $575,000
RTR was wrong on all 4 metrics… all 4 improved by basically double what was predicted. In all fairness, no one really predicted this unprecedented inflation we have been enduring in 2021, supply chain disruptions, and refusal to raise interest rates to thwart said inflation.
Couple that with double the amount of luxury estates selling at double the price of the previous year, there is a 50% shortfall in the RTR prediction.
Let’s shake off this rare miscue, first one in 25 years sadly ..but rightfully so… our country is not even following rudimentary economic principles and instead just keeps printing more money?
What is in store for the 2022 Windermere Real Estate Market?
Well, the stock market is starting off very flat, the U.S. Dollar is weakening globally, inflation is at historic levels, the media is continuing its onslaught of fear on the American people over the spread of the common cold and its war on small business ( the American Dream) and our president cannot complete an audible sentence on camera.
The FED has already publicly notified the markets of 3 structured interest rate hikes, long overdue, and why we have this massive inflation spike. Buyers have grown accustomed to sub 3% interest rates and the easy flow of cheap money. We have short memories, just 2 decades ago interest rates were in the 7s.
Windermere is a luxury market offering gated communities with tree-lined estates and one of the most sought-after freshwater chains of lakes in the state. The rising interest rates will have an impact on the surrounding lower-priced zip codes but Windermere will most likely be unphased.
The flood of high net worth buyers from other areas of the country will continue to fuel the 34786 luxury market. Inventory will continue to be an issue. Numerous small new home community pockets started to spring up in 2021 as prices spiked, allowing the acquisition and development of these last few buildable parcels to start making sense.
Windermere will see many of these new build homes finalize in 2022, bringing with them closed sales peeking well over $450 afoot.
Windermere will also experience even more record-setting resales, as prime estates in need of complete remodel will change hands as current owners cash out on unprecedented profits and new buyers justify the value of the location and sweat equity.
2022 will record the highest sales in 34786 history and days on market will continue to improve as homes fly off the market in days instead of months.