The following are the market sales statistics for Windermere, Orange County, Florida for August 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.
Additionally, these are only monthly statistics and to get a better scope of what is happening, you need to look at a longer period of time. More high-end homes might be sold in one month as opposed to another. By looking at a longer period, you will get a better overall picture. It is all relative and this has to be understood when utilizing these stats.
Single-Family Homes
37 homes sold during the month of August.
The average sales price, which is the total sold volume divided by the number of homes sold is $472,861 with a 199 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 $390,000.
The sales to list price ratio, which means that the homes sold for 91% of their list price.
The most expensive home sold for $1.675M in the Reserve at Lake Butler Sound and was on the market for 283 days.
The least expensive home sold for $190,000 in Silver Woods after 140 days on the market.
The average sales price for the same period a year earlier was $934,575 with 205 days on the market and a sales to list price ratio of 94%.
Condos, Townhomes & Villas
2 homes sold
The average sales price was $174,950 with 168 days on the market.
The sales to list price ratio is 94%.
The more expensive sold for $185,900 in Edens Hammock and was on the market 190 days.
The leass expensive sold for $164,000 in the Lakes of Windermere after being on the market 204 days.
The average sales price a year earlier was $234,171 with 168 days on the market and a sales to list price ratio of 94%.
For information on Windermere and Orange County real estate and Windermere and Orange County homes for sale in addition to Windermere and Orange County relocation contact Marc Grossman, your Windermere and Orange County Realtor @ 407-463-1034. Additional information is available for Seminole County real estate, Orange County real estate, West Volusia County and South Lake County.
Marc Grossman, GRI - http://www.OrlandoHomes-4u.com/ - 407-463-1034
Marc donates 10% of his net proceeds to Hospice of the Comforter.
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