The following are the market sales statistics for Windermere, Orange County, Florida for May 2008. Windermere is made up of the zip code 34786. For purposes of this analysis we are only splitting the data according to single-family homes vs, condominiums, townhomes and villas.
There needs to be a disclaimer here. These stats are only as good as telling us what it being purchased and happening at a certain period in time. Additionally, it needs to be fully understood that not only is real estate local, but it is hyper-local. What this means is that the trends that we hear about are overall. Let's put it this way, what's happening in one neighborhood, may not be realized in the neighborhood next door. It is all relative and this has to be understood when utilizing these stats.
38 homes sold during the month of May.
The average sales price, which is the total sold volume divided by the number of homes sold is $916,394 with a 179 days on the market.
The median sales price, which means that 50% of the homes sold for more and 50% of the homes sold for less, is $693,500.
The most expensive home sold for $5.05M and was on the market for 697 days. It was a 5 bedroom, 5 full baths, 3 half baths 8481sf lakefront home on a chain of lakes with a 4+-car garage, a swimming pool and spa built in 2003 on .93 acre lot in a gated golf community with a hand painted foyer ceiling, theater with concession stand, 2-story master closet, etc. The HOA $1404/quarter.
The least expensive home sold for $217,000 after 120 days on the market and was a short sale. It was a 3 bedroom, 2 bath 1694sf home with 2-car garage built in 2003 on .15 acre lot with a screen enclosed pool. The HOA is $180/quarter.
The average sales price for the same period a year earlier was $1,021,107 with 175 days on the market.
Condos, Townhomes & Villas
8 homes sold
The average sales price was $187,050 with 179 days on the market.
The median sales price was $182,000.
The most expensive sold for $224,000 and was new construction. It was a 4 bedroom, 3½ bath, 2-car garage 2074sf townhome with tile on the 1st floor, 42" cabinets, and stainless steel appliances. This gated community offers a pool and clubhouse with a maintenance is $415/month.
The least expensive sold for $160,100 after being on the market 137 days and was a short sale. It was a 2 bedroom, 2½ bath, 2-car garage 1380sf end-unit conservation lot townhome built in 2004 and with 2 master suites & fenced courtyard. The community offers a swimming pool with a monthly maintenance $145.
The average sales price a year earlier was $241,598 with 102 days on the market.