Winter Park, Seminole and Orange Counties, FL – Market Sales Statistics for May ‘08

The following are the market sales statistics for Winter Park, Seminole and Orange Counties, Florida for May 2008. Winter Park is made up of the zip codes of 32789 & 32792. 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.

Single-Family Homes

40 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 $564,626 with 140 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 $276,250.

The most expensive home sold for $5.8M and was on the market for 89 days. It was a 6 bedroom, 7½ baths, lakefront home in 9040sf built in 1993 on 1.95 acres with a circular driveway and 2 garages that can house 6 cars, a boat house w/hoist and jet ski ramp, several fireplaces, aged heart of pine floors, 235’ lake frontage, verandas, etc. with no HOA. The home was listed as a 2-story Louisiana French Colonial.

The least expensive home sold for $124,000 after 113 days on the market. It was a 2 bedroom, 1 bath home in 754sf built in 1950 on .14 acre with no HOA and was being sold as-is.

The average sales price for the same period a year earlier was $574,155 with 157 days on the market.

Condos, Townhomes & Villas

12 homes sold

The average sales price was $151,443 with 136 days on the market.

The median sales price was $167,495.

The most expensive sold for $300,000 after being on the market for 136 days. It was a 2 bedroom, 2 bath condo in 1304sf built in 1981 with a fireplace in an elevator building and downtown Winter Park location. The community offers a pool and tennis courts monthly maintenance is $370.

The least expensive sold for $58,250 and was on the market for 112 days. It was a bank owned fixer upper 2 bedroom, 2 bath condo in 1036sf built in 1974. The community offers a pool and tennis courts and a monthly maintenance is $327.

The average sales price a year earlier was $195,407 with 132 days on the market.