2019 2nd Quarter Windermere Real Estate Market Report

Welcome to the only place on the web that breaks down Windermere Florida 34786 real estate market to this level each and every quarter for well over the past decade. All the data here is derived from the ORRA MLS and deemed reliable. It has been analyzed by longtime Windermere resident Ron the Realtor. Ron is the #1 Remax Realtor in the entire State of Florida for the second year in a row and is currently number 3 in closed volume year to date for Orange County in the entire MLS.

Overview

Windermere continues to be RED HOT. When comparing 2nd quarter 2018 to 2nd quarter 2019 3 of the 4 major categories have seen positive improvement with a median sale price and $/ft screaming past the national and local averages during the same time frame. On the negative side of the equation, we are seeing increased days on the market of close to 1 week and a slow down in closed sales approaching a 10% drop from 2018 2nd quarter closed volume.

When we break it down even further to concentrate solely on single-family residences the closed sale price remained flat at just a 1% increase, but the $/ft and median sold price leaped an unheard of double digits of 13% and 15% respectfully. Days on market was pushed to over 2 weeks and the closed sales dropped 10% from the 2nd quarter of 2018.

Key Take Away #1

Increased days on the market of close to 1 week

Key Take Away #2

Closed sales approaching a 10% drop from 2018 2nd quarter

Key Take Away #3

$/ft and median sold price leaped an unheard of double digits of 13% and 15%

RTR Summary

It is important to look beyond the raw data and use common sense and real-world application to decipher and use this information to its fullest capacity…or just read RTRs summary… lol. The data is showing that homes are selling for more $/ft but the homes selling are smaller. What the data does not show, but RTR went back and analyzed and confirmed is that in 2018 12 homes closed over $2M and 2 closed over $5M. In 2019 2nd quarter only 7 homes closed over 2m and the highest was $3.6m. Also, 2 homes closed in 2019 with OVER 500 days on market… one was 982 ADOM !!!! that is going to skew any report data, hence the massive jump in average days on the market.

So what is the takeaway? The takeaway is that the ultra high-end market is cooling but buyers still love Windermere for all the reasons any avid reader of this publication have heard numerous times prior. A lot of homes that are selling are older fixer-upper properties, these sell below the market average but will be remodeled, drastically increasing their end valuation.

When selling it is imperative right now to price correctly, there is only 1 month left before school starts again. 10% fewer homes closed from 2018 to 2019 which makes the competition for viable buyers even tighter. Call Ron the Realtor for a free evaluation and pricing strategy of your home.