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Winter Garden

1st QTR 2023

Thank you for taking a few minutes to read the Ron the Realtor 2023 1st  Quarter Real Estate Report. The only place on the planet to get this detailed breakdown every single quarter from the Realtor that has dominated one of the most active zip codes in the entire state for over 2 decades. The data is broken down every quarter to the single-family market as well, which is crucial when trying to identify trends in the local marketplace.

Winter Garden continues to be a highly sought-after place to call HOME.

When it comes time to buy or sell make sure RTR is the first call you make

Let’s get into it:

1st Quarter 2023 Winter Garden Highlights

624,153

Average Sale Price
10
Increase

46

Average Days on Market
58
Improvement

248.68

ave $/ft
4
Increase

1st Quarter 2023 Winter Garden 34787

1st Quarter 2022 Winter Garden 34787

It has been 1 year since the FED started their interest rate hike policies to offset their constant printing of our fiat currency. The result has been very evident in every aspect of our lives. Of Course this has also impacted the real estate market. Last year at this time Winter Garden experienced its highest year-to-year increase in all major categories with 20% spike in average sale prices, 24% increase in average $/ft and a jaw dropping 51% drop in Days on Market.
12 months later, the spicket has been turned to a trickle. The great news is we are still achieving increases in Ave sale price and $ / ft.
What is really noticeable is the huge spike in days in market swinging back from the record pace 2022 of 19 days to a more historic average of 46 days.  Its a 58% spike from that record number last year.
Other very noticeable data trend is the 20% drop in units sold… From 489 in 2022 to 389 in 2023.
One more notable data point, The 2022 end of year average sale price was 618k , this 1st qtr was 624k. A 1% increase only.
Single Family Market
Every Quarter we dive even deeper and focus just on single family home data, you will not find this info anywhere else on the internet in this easy to follow platform.

1st Quarter 2023 Winter Garden Single-Family Housing Market

677,470

Average Sale Price
5
Increase

46

Average Days on Market
60
Increase

251.64

ave $/ft
3
Increase

1st Quarter 2023 Winter Garden Single Family

1st Quarter 2022 Winter Garden Single Family Only

When you sort out just the single family market the increases soften even further on all metrics. With only 5% increase in average sale price and 3% increase in ave $/ft.
The big news is that there was a RECORD SALE of $4,750,000 in 1st qtr of 2023… in Isle of Lake Hancock and another over 3m sale on Plant St in golf cart district.
I fear that these 2 sales have propped up our metrics this quarter from being even more flat.

RTR SUMMARY

The time to sell is now.

So What's

Going On

RTR

NOW is the Time to

Call Me List Your Home Buy A Home Tell Your Family About RTR 🙂

Past Quarterly Reports

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