Total Winter Park real estate sales improved in February over the previous month by 31%. The Number of Sold Listings was down dramatically from the same month the year before by 71%. The Dollar Volume of Sold Listings was $2,948,900 compared to $17,637,748 in February, 2008.
In the Residential sector, there were 3 properties that sold in February compared to 7 last year. Dollar Volume was $1,239,000 compared to $5,125,396 last year.
The Number of Condominiums Sold was 7 as opposed to 31 last year. Dollar Volume was $1,554,900 against $12,512,350 last year. In 2008 Intrawest was closing the new units at Fraser Crossing & Founders Pointe at Winter Park Ski Area so this year’s results are bound to look unfavorable.
Vacant land actually saw an increase this February with 1 sale compared to none last year. This is the first time since last April that this comparison is positive.
The market continues to struggle, with the biggest issue being the volume of sales. Add to that the fact that Intrawest sold $60 million of property in the first quarter of last year and any statistical comparison to last year is exasperating. Probably more important to look at is the trend from month to month this year. While the early signs offer some encouragement, it will take several months to see if there is true improvement.
A full copy of the Winter Park Real Estate 2009 Year-to-Date Report is available by emailing me at WinterParkRealEstate.net. You can always see all the MLS listings at PaulLewis.net.
These statistics were compiled from data from the Grand County Board of Realtors and is deemed reliable but cannot be guaranteed.
