2nd Quarter of 2022
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 2 decades. 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 FIVE CONSECUTIVE YEARS and is currently number 5 in closed volume HISTORY for Orange County in the entire ORRA MLS.
Thank you for taking a few minutes to read the Ron the Realtor Windermere 2 nd quarter Market Year in Review. RTR provides a quarterly report and a full-blown end of the year in review report to anyone that wants to read it. No subscription, no registration of our email… anyone can read it, even competing Realtors…who does that? Ron has always believed, knowledge is power.
HIGHLIGHTS
1,034,180
Average Sale Price
14
Increase
20
Average Days on Market
49
Improvement
306.24
ave $/ft
21
Increase
Windermere 2022 2nd quarter
Windermere 2021 2nd quarter
WINDERMERE 2022 Single-Family
Another record-breaking quarter in the books. Maintaining the over $1,000,000 average closed sale price that was set 2 quarters ago in the 4th quarter of 2021. The second quarter regressed slightly from last quarters $1,057,000 but still amazing news for 34786 market. 74 homes surpassed the 1m price point this quarter, 3 topping over 5m and one falling just under the 10m price mark in Isleworth !
The 21% spike in $ / ft and 49% improvement in days on market are both very impressive and noteworthy. What stands out the most is the drastic drop of 49% units closed in 2022 vrs 2021. It just goes to show you that people buy there and die there in 34786… few want to leave… creating a record shortage of active listings on the market to pick from. This is the reason for the huge spikes in $/ft and days on market.
As of day this report was written , 7/7/22 there are only 156 active listings in the entire zip code…
Lets break down the market even deeper and remove condos and townhomes… focusing purely on the Windermere single family market:
1,207,655
Average Sale Price
14
Increase
24
Average Days on Market
49
Improvement
326.28
ave $/ft
22
Increase
Windermere 2022 2nd quarter Single Family
Windermere 2021 2nd quarter Single Family
Summary
Windermere boasting double digit improvements across every data metric yet again. The 43% drop in closed homes stands out to me as the biggest story. Second being the 22% jump in closed $/ft and almost 50% improvement on days on market.
Average $/ft surpassed $325 for the first time in history in 34786 with only 173 closed homes in the 2nd quarter. Buyers are always flocking to the Windermere area; it is cemented as a place to call home for all looking to move to Central Florida. Since the 202 pandemic and the de-emphasis on commuting to the work place the biggest winner must be Windermere.
The numerous gated communities established mature oak lined streets and of course the famed Butler Chain of Lakes are just a few reasons for the desirability of the area. Sought after K-12 public schools and several private campuses are also big pluses.
The luxury market is not as affected/ sensitive to this historic rate increases that other lower priced markets are susceptible to.
RTR Recap
RTR MARKET UPDATE
Will lead off with stating the lack of active listings is the biggest story for the 34786 real estate market. Even eclipsing the skyrocketing interest rates and run-away inflation. Windermere will always be in high demand and as the vacant available land becomes almost obsolete and owners not willing to move out….simple supply and demand concepts taught in entry level economics are once again proven true.
Windermere will continue to see double digit improvements despite rates and inflation that are being sensationalized in the headlines written by those that have zero grasp on our local market. There are currently 6 homes pending on mls over 3m and another 6 2-3m. This will continue to maintain our 1.2m average sale price in the near future.
We will see these 4 key market metrics start to taper down in the next 12-month cycle, we will not continue to outpace inflation. It is not sustainable with the current interest rates hovering at 5.85% for 30 yr fixed at time of writing this report. I expect 2023 2nd quarter to see moderate 3-5% increases across our 4 metrics.
Want to know how much your home is worth, just give Ron the Realtor a call 407 592 SOLD
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