Melissa A. Scire's Blog

Luxury Home Sales On the Rise in Windermere!

Million dollar homes sales are increasing in America's most affluent of neighborhoods including the prestigious town of Windermere, located in the heart of Central Florida.

With its lush natural lakes and winding roads, Windermere has managed to remain perched atop the expectations of every luxury home buyer. Reminiscent of days gone by, its world class charm and heritage, combined with strong sense of community are just some of the reasons why top custom home builders roll out the red carpets in Lake Butler Sound, Isleworth, Reserve at Belmere, Keene's Point and Lakes of Windermere. Sumptuous water fronts, sprawling estate, top notch golf, and boating and accessibility to theatre, fine, dining, and area attractions are just a few of the perks of this one of a kind community that calls itself home to business leaders, medical professionals, celebrities, and affluent families alike. it comes as little surprise that NeighborhoodScout.com voted Windermere as one of the best communities to raise a family.

In the midst of a suffering economy and less than stellar real estate market conditions, Windermere has managed to keep their home values and prices above the national stated average home price of 345,000 according to the National Association of Realtors. In fact, high end real estate has seen a huge increase with 8 luxury properties sold since August 28th, 2009 in Windermere between the price range of $1 - $2 million dollars, half of which were cash purchases. With dwindling numbers in the foreclosure sector, Florida can now begin to recoup some market value in baby steps.

Recent Luxury Sales in Windermere, FL

Cash paying baby boomers are liquidating assets to make smart buying choices with staying power for Windermere dream homes which are going for 1/2 of what there were only three years ago and counting on market appreciation to carry them into their retirement years. At the same time, home owners who purchased at the peak of the market are motivated to short sale their homes and downsize their mortgages to buy larger homes for less money which is a very real possiblity in our current market.

Interested in buying or selling luxury and estate property in Windermere?

Then please click here to send me a private email with your contact information and some details so that I may assist you further.


Melissa A. Scire
Luxury & Estate Agent
Oxford Realty


------- disclosure -----------
The owner(s) of this blog and brokerage office is not compensated to provide any opinion on products, services, websites and various other topics. The views and opinions expressed on this blog are purely the blogowners and are only an informed opinion based on their level of expertise. If we claim or appear to be experts on a certain topic or product or service area, we will only endorse products or services that we believe, based on our expertise, are worthy of such endorsements. Any product claim, statistics, quotes or other representations about a product or service should be verified with the original manufacturer, servicer, provider or source.

The following are the market sales statistics for Windermere, Orange County, Florida for September 2009. 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.

A couple of definitions are in order. The median sales price means that 50% of the homes sold for more and 50% of the homes sold for less during a certain period of time - in other words, it's the midpoint of sale prices. So basically what this means, is that the median sales price is showing market activity in that it's specifically indicating which price range is more active.

The average sales price, as opposed to the median sales price, is the total volume of sold properties divided by the number of properties sold.

The sales to list price ratio is just that, you're dividing the average sales price by the average list price and coming up with a percentage that tells you how much of the list price the average homes sold for.

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. Also, 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

46 homes sold during the month of September.

The average sales price is $489,709 with 175 days on the market.

The median sales price is $295,000.

The sales to list price ratio is 94%.

The most expensive home sold for $3M in Metcalf Park and was new construction.

The least expensive home sold for $160,000 in Lakes of Windermere Peachtree after 201 days on the market.

The average sales price for the same period a year earlier was $616,813 with 114 days on the market and a sales to list price ratio of 93% on 30 sales, an increase of 53%.

The month to month changes show an increase in the average sales price of 5% and an increase in the median sales price of 21%. There was an increase in sales volume of 18% with no change in the sales to list price ratio.

Condos, Townhomes & Villas

10 homes sold.

The average sales price is $197,723 with 88 days on the market.

The median sales price is $137,250.

The sales to list price ratio is 92%.

The more expensive villa sold for $800,000 in Isleworth and was new construction.

The less expensive sold for $90,000 in Lakes of Windermere Lake Reams Townhomes after 56 days on the market.

The average sales price for the same period a year earlier was $172,177 with 85 days on the market and a sales to list price ratio of 89% on 5 sales, an increase of 100%.

The month to month changes show an increase in the average sales price of 35% and a decrease in the median sales price of 7%. There was an increase in sales volume of 25% with a 1% decrease in the sales to list price ratio.

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.

To learn more about Marc and the services he has to offer, visit his website.

Marc Grossman, GRI - http://www.OrlandoHomes-4u.com/ - 407-463-1034

You can read Marc's other blogs Real Estate Morsels, Real Estate Off The Leash & Real Estate Cracker

Marc donates 10% of his net proceeds to Hospice of the Comforter.

Marc It Sold!

Windermere, FL - Preston Square has become Windermere's most popular new home community. Designed to reflect an old-fashioned neighborhood, Preston Square offers both townhomes and single family homes, priced from the $200's. The focal point and center of the village is a community recreation center featuring something for everybody. "in addition to our outstanding homes and townhomes, residents like Preston Square's proximity to shopping, great schools and all that makes Windermere, FL one of Central Florida's most sought-after addresses, " stated Deb Marton, Vice-President of Sales for Centerline Homes. We're minutes to Universal Studios, Walt Disney World."

Call 407-278-0353, or visit www.CenterlineHomes.com for additional information.

The following are the market sales statistics for Windermere, Orange County, Florida for August 2009. 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.

A couple of definitions are in order. The median sales price means that 50% of the homes sold for more and 50% of the homes sold for less during a certain period of time - in other words, it's the midpoint of sale prices. So basically what this means, is that the median sales price is showing market activity in that it's specifically indicating which price range is more active.

The average sales price, as opposed to the median sales price, is the total volume of sold properties divided by the number of properties sold.

The sales to list price ratio is just that, you're dividing the average sales price by the average list price and coming up with a percentage that tells you how much of the list price the average homes sold for.

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. Also, 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

39 homes sold during the month of August.

The average sales price is $468,304 with 199 days on the market.

The median sales price is $243,000.

The sales to list price ratio is 94%.

The most expensive home sold for $5M in Isleworth and was new construction.

The least expensive home sold for $175,000 in Lakes of Windermere after 220 days on the market.

The average sales price for the same period a year earlier was $472,861 with 199 days on the market and a sales to list price ratio of 91% on 37 sales, an increase of 5%.

The month to month changes show an increase in the average sales price of 10% and a decrease in the median sales price of 3%. There was a decrease in sales volume of 28% with a 1% decrease in the sales to list price ratio.

Condos, Townhomes & Villas

8 homes sold.

The average sales price is $146,625 with 58 days on the market.

The median sales price is $147,750.

The sales to list price ratio is 93%.

The more expensive townhome sold for $180,000 in Berkshire Place and was new construction.

The less expensive sold for $99,500 in Lakes of Windermere Lake Reams Townhomes after 53 days on the market.

The average sales price for the same period a year earlier was $174,950 with 168 days on the market and a sales to list price ratio of 94% on 2 sales, an increase of 300%.

The month to month changes show an increase in the average sales price of 8% and an increase in the median sales price of 9%. There was an increase in sales volume of 30% with a 4% decrease in the sales to list price ratio.

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.

To learn more about Marc and the services he has to offer, visit his website.

Marc Grossman, GRI - http://www.OrlandoHomes-4u.com/ - 407-463-1034

You can read Marc's other blogs Real Estate Morsels, Real Estate Off The Leash & Real Estate Cracker

Marc donates 10% of his net proceeds to Hospice of the Comforter.

Marc It Sold!

The following are the market sales statistics for Windermere, Orange County, Florida for July 2009. 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.

A couple of definitions are in order. The median sales price means that 50% of the homes sold for more and 50% of the homes sold for less during a certain period of time - in other words, it's the midpoint of sale prices. So basically what this means, is that the median sales price is showing market activity in that it's specifically indicating which price range is more active.

The average sales price, as opposed to the median sales price, is the total volume of sold properties divided by the number of properties sold.

The sales to list price ratio is just that, you're dividing the average sales price by the average list price and coming up with a percentage that tells you how much of the list price the average homes sold for.

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. Also, 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

54 homes sold during the month of July.

The average sales price is $424,877 with 160 days on the market.

The median sales price is $251,225.

The sales to list price ratio is 95%.

The most expensive home sold for $5M in Isleworth West and was new construction.

The least expensive home sold for $176,000 in Lakes of Windermere after 179 days on the market.

The average sales price for the same period a year earlier was $918,168 with 239 days on the market with a sales to list price ratio of 92% on 36 sales, an increase of 50%.

The month to month changes show an increase in the average sales price of 1% and a decrease in the median sales price of 8%. Yet, there was a decrease in sales volume of 11% with a 1% decrease in the sales to list price ratio.

Condos, Townhomes & Villas

2 homes sold.

The average sales price is $135,500 with 28 days on the market.

The median sales price is $135,500.

The sales to list price ratio is 97%.

The more expensive townhome sold for $150,000 in Tennyson Park at Summerport and was on the market 77 days.

The less expensive townhome sold for $121,000 in Lakeside Lakes of Windermere after 45 days on the market.

The average sales price for the same period a year earlier was $170,872 with 51 days on the market with a sales to list price ratio of 96% on 3 sales, a decrease of 33%.

The month to month changes show an increase in the average sales price of 21% and an increase in the median sales price of 24%. There was a decrease in sales volume of 75% with a 5% increase in the sales to list price ratio.

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.

To learn more about Marc and the services he has to offer, visit his website.

Marc Grossman, GRI - http://www.OrlandoHomes-4u.com/ - 407-463-1034

You can read Marc's other blogs Real Estate Morsels, Real Estate Off The Leash & Real Estate Cracker

Marc donates 10% of his net proceeds to Hospice of the Comforter.

Marc It Sold!