About Winter Park's Comstock Park

Comstock Park is an upscale, waterfront community located in the chic town of Winter Park, Florida. Most of these magnificent homes have remarkable waterfront views of Lake Osceola. You are sure to find a home-style to match your taste. Comstock Park has an outstanding collection, from elegant all-brick houses to Mediterranean to Old-World European styles. Amenities included with the neighborhood are: immaculately landscaped biking and jogging paths and lighted tennis courts. You can enjoy a leisurely stroll amongst nature, or walk to the ritzy Park Avenue boutiques, restaurants and cafes. Whether you are looking for a family-friendly abode or something private and intimate, this community has it all!

The schools zoned for Comstock Park are Lakemont Elementary School, Maitland Middle School, and Winter Park High School.

Comstock Park is conveniently located off North Lakemont Avenue and Palmer Avenue, 2 minutes to the intersection of Aloma Avenue and North Lakemont Avenue, 12 minutes to Interstate 4, and 14 minutes to downtown Orlando.

COMSTOCK PARK WINTER PARK, FL MLS LISTINGS

• Location: Off North Lakemont Avenue and Palmer Avenue in Winter Park, Florida
• Property Type: Luxury Single Family Homes
• Amenities: Gated Community
• Density: 155 Home Sites

To see all of The Comstock Park Bank Owned Homes For Sale you can visit Comstock Park Bank Owned To see all of the Comstock ParkShort Sale Homes for sale you can visit Comstock Park Short Sales or visit our Bank Owned page and view all of the bank owned lisitngs by city or Community around the Central Florida area.

Comstock Park is an upscale, waterfront community located in the chic town of Winter Park, Florida. Most of these magnificent homes have remarkable waterfront views of Lake Osceola. You are sure to find a home-style to match your taste. Comstock Park has an outstanding collection, from elegant all-brick houses to Mediterranean to Old-World European styles. Amenities included with the neighborhood are: immaculately landscaped biking and jogging paths and lighted tennis courts. You can enjoy a leisurely stroll amongst nature, or walk to the ritzy Park Avenue boutiques, restaurants and cafes. Whether you are looking for a family-friendly abode or something private and intimate, this community has it all!

The schools zoned for Comstock Park are Lakemont Elementary School, Maitland Middle School, and Winter Park High School.

Comstock Park is conveniently located off North Lakemont Avenue and Palmer Avenue, 2 minutes to the intersection of Aloma Avenue and North Lakemont Avenue, 12 minutes to Interstate 4, and 14 minutes to downtown Orlando.

COMSTOCK PARK WINTER PARK, FL MLS LISTINGS

• Location: Off North Lakemont Avenue and Palmer Avenue in Winter Park, Florida
• Property Type: Luxury Single Family Homes
• Amenities: Gated Community
• Density: 155 Home Sites

To see all of the Comstock Park homes for sale you can visit Comstock Park Park Real Estate or visit our communities page and learn about the best communities around Central Florida.

These statistics for Winter Park FL Luxury Real Estate Sales in November 2009 should give you a feel for what’s happening in the luxury segment of the Orlando FL real estate market.

Properties have been listed and sold by various MLS members.

Data drawn from the My Florida Regional Multiple Listing Service.

Homes listed above $500,000 often take longer to sell than properties priced at the lower end of the market. While many houses priced below $500,000 may take 6 or 7 months to sell, homes in upscale neighborhoods may take as much as 2 years to unload.

Keep in mind that some of these sales are for Short Sales or Foreclosed/Bank-Owned properties. Under these situations, the Sold Price may be considerably below the Original List Price. Sorry to say, ‘distressed’ sales drag down the values of all the other homes in the neighborhood, whether or not they’re Short Sales or Foreclosures. On the other hand ...

Steep discounts may NOT reflect a distressed situation. Just because a house sold for considerably less than original list price doesn’t necessarily mean it was a foreclosure or short sale property. Because luxury homes are often one-of-a-kind, it’s difficult to find comparable properties that will help in determining current market value. In the end, it’s a buyer — and not the seller — who determines the market value of a property.

What’s the long-term outlook for the Orlando FL real estate market? Prices have leveled off in recent months. Even so, due to rising unemployment and foreclosure/short sale saturation, it will probably take several years — perhaps as long as a decade or more — for home prices to completely recover.

What about homeowners who are having difficulty keeping up with mortgage payments but can’t sell because their house is worth less than the amount owed on their loan? There are several solutions, but the way a Realtor^® can help is by selling the house as a Short Sale.

Even though owners of luxury homes have much to offer in terms of quality, location, and amenities, the economy has put a damper on sales. While sales for all homes have skyrocketed since January 2009, sales for luxury homes have shown only a slight improvement.

Why can’t luxury homes sell?

• Scarcity of Jumbo Loans, that is loans totaling more than $417,000
• Low appraisals in reaction to the recent sell-off
• Slashed stock portfolios
• Skittishness on the part of buyers, even when they can afford to purchase

What’s the bottom line?

Simply, less buyers are willing to cough up the big bucks. Want proof?

From 2005 through 2007, an average 159 luxury homes sold every month. Compare that to an average 52 homes selling every month during the last 13 months, which represents a 67% decrease.

How difficult is it to sell luxury homes?

Though luxury homes represent nearly 14% of all homes for sale, they account for less than 4% of homes sold.

Want more stats?

• Luxury homes that eventually sell are generally smaller and cheaper.
• The average price of luxury homes sold represents a 38% discount versus houses for sale.
• Looking at it another way, the average sold price per square foot is discounted by 36% compared to houses for sale.
• Luxury homes take 3 to 4 times longer to sell than average homes (the average in most Orlando neighborhoods is about 12 months or less).

How luxury homeowners can get from ‘For Sale’ to ‘Sold’?

• Face facts - The consensus is in. The real estate market is the worst it’s been in decades. What’s more, there isn’t going to be a miracle ‘V’ recovery, so say many economists. When the market does recover, house appreciation will be slow and steady. Even then, it’s unlikely the market will regain full value for at least 10 years or more.
• Now is NOT the time to make a killing - Got a lake property? An estate? Acreage? A ritzy house in a ‘to-die-for’ suburb. Think the land is worth more than the house? Own a unique property that only a select few would be interested in purchasing? Counting on a tear-down opportunity? These days, buyers aren’t in the mood for speculating. They’re looking for a house in tip-top condition that won’t lose value down the line.
• Don’t fight the market - The market is too strong for any one homeowner to combat. Prevailing winds can’t be fought or outsmarted.
• Not all MLS listings are created alike - While the attraction of saving commission with a discount broker is appealing, a luxury property needs TLC and full marketing support. National companies spend big bucks to appear at the top of popular real estate Web sites, and for good reason. The more buyers they can attract to their listings, the better their sales.
• Stop thinking you know more than your real estate agent - The best agents live with real estate 7 days a week, 24 hours a day. They eat, drink, sleep, and even dream real estate. When you think you know better than your agent, ask yourself this question: How much time lately have I spent studying the real estate market? If your answer is less than 12 hours a day, then you really don’t know anything.
• Don’t try to convince yourself that your house is the exception to the rule - EVERY HOUSE has been affected by this ‘Buyer’s Market of all Buyer’s Markets’. Even yours!
• Price your house competitively - And if, after a reasonable amount of time, the price doesn’t generate enough showings, lower it. Not just once or twice, but tenaciously ... about 1 to 2% every month. There’s nothing worse for a homeowner’s morale than to have a house sit on the market with absolutely no interest.
• Don’t leave room in the list price for ‘negotiation’ - Usually the ‘negotiation zone’ is exactly the amount that will keep a buyer from seriously considering your house. When a house is overpriced, buyers are convinced the sellers are not only being unrealistic but will dig in their heels during negotiations. Because of that, many a buyer -- who might really love your house -- won’t even try to make an offer.
• Think like a buyer - You were a buyer once, remember? When you were on the other side, didn’t you approach the purchase with the idea that there was no way you were going to pay more for the house than it was worth? Guess what? The buyer of your house is thinking exactly the same way.

Located just northeast of Orlando, Winter Park is rich in culture, beautiful houses, and a spirit of community. The suburb is filled with parks, a golf course, lakes, trails, brick avenues, tree-canopied streets, and historic architecture.

The Winter Park Chain of Lakes is popular for boating, fishing, and water-skiing.

Winter Park is also known for its upscale shopping district along Park Avenue, where strolling along a ten-block stretch of more than 100 shops from national retailers to special boutiques, and featuring hidden courtyards and sidewalk cafés, can become an afternoon outing.

Community spirit is also evident in the variety of annual festivals, including the Bach Festival and the Sidewalk Art Festival. Its eight square miles encompass lovely old homes and a prestigious liberal arts college. Winter Park also hosts a Saturday morning Farmers’ Market, where visitors can buy everything from fresh produce to houseplants and crafts.

Properties have been listed and sold by various MLS members. Data drawn from the Mid-Florida Regional Multiple Listing Service. This report is valuable for estimating current market values in the designated community or subdivision.