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THE FIRST RULE OF RTR ARMY

TELL EVERYONE YOU KNOW ABOUT

RON THE REALTOR

The only reason you clicked on this publication was, let’s be honest, to find out what RTR’s crystal ball says. With incredible accuracy every year this section is spot on and is used to forecast the next year’s market, what the RTR ARMY relies on to succeed.

RTRS BREAK DOWN

Through a contested presidential election, 3 more covid variants, country-wide mandates, and a media juggernaut focused on misinformation and fear… Winter Garden continued to outperform most real estate markets in the country.

So much so, even RTR didn’t see this coming, here were the 2021 market predictions delivered at end of 2020 :

The average sale prices blew past the $425,000 mark and $450,000 for single-family in 2020. In 2021 we should expect a 5-6% increase in average sale price…. Will not be surprised to see a record-setting over $450,000 average sale price for 34787 and just under $500,000 average for single-family homes… I am pretty sure we will not break 500k .. most likely 485k

The average $/ft price will continue its rocketing upward trajectory, with it following the same path as the average sale price, maybe even driving up a little more percentage-wise as smaller homes will continue to crush the over $200 a foot selling point, as they did in 2020. 6-7% increase in Average $/ft … Winter Garden could break the $180 $/ft and I wouldn’t be shocked if it did, but my predictions have WG hovering around $178-179/ ft when the dust settles.

Days on market has to start flattening out at some point … we are already crushing the National Average and just witnessed double-digit improvement in 2020 from 2019. With that said, inventory will be so low and demand so high that we will see many more 1 day sales than ever in our market. DOM will improve another 10% … bringing DOM to an unheard of under 40-day average

Even my bullish predictions were eclipsed by reality… with not 7% increases but DOUBLE that to 14% !!!

Not only $180 /ft but topping $200/ ft !!!

RTRs CRYSTAL BALL

As long as interest rates stay under 5% we will end the year smiling in 34787…

600,000

Average Sale Price

9-10% INCREASE 

235

ave $/ft

10-11% INCREASE 

13

Average Days on Market

7% IMPROVEMENT 

550,000

Median Sale Price

7% INCREASE 

What is in store for 34787 in 2022:

Well… the FED has already promised 3 interest rate hikes in 2022. While rates go down gradually over time, when they go up, they usually spike .5 to a full pt overnight. These dramatic spikes do cause an immediate hard stop in buyer demand for the short term, which weakens and back to normal in few days to 2 weeks typically.

The bottom line is we cannot ignore the simple supply and demand factors of the highly sought-after area of Winter Garden. Sellers are not selling, while they would love to cash in on these record prices… where are they going to go? Meanwhile, buyers are coming by the thousands every month to the area. Inventory will continue to not be able to meet demand in the coming 12 months.
New home builds quoting 15 to 18 month delivery times will further place demand on resales as the threat of interest rate hikes become the concern of 2022. Locking in your rate and closing on a resale will make remodeling in an established community even more attractive in the coming year.
RTRs predictions are pretty close to the percentages predicted in 2021 that were smashed two fold by the actual data. Those that read the 4th quarter market report know the record 4th quarter Winter Garden experienced. 2022 will feed off of that momentum for sure

Average sale prices in the area could easily top $600,000 average sale price, $235/ ft and a median that topples the $565,000 metric. Days on market will hover very close to where we are at the end of 2021, we simply can not improve on 14 days average by very much that we experienced in 4th qtr of 2021, we are at a peak on this metric I believe.

RTR PREDICTIONS 

RTR PREDICTIONS 

RTR PREDICTIONS 

RTR PREDICTIONS 

RTR PREDICTIONS 

RTR PREDICTIONS 

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