Total Winter Park real estate sales improved over March by 49% while the Number of Sold Listings was down 62% compared to the same month the year. Even this is some improvement as it had been down as much as 91% earlier this year. The Dollar Volume of Sold Listings was $7,226,302 compared to $19,002,846 in April, 2008.
All of the individual sectors (Residential, Condominiums & Vacant Land) were down compared to the same month last year but the percentage they were down decreased significantly. In the Residential sector, there were 9 properties that sold in March compared to 11 last year. Dollar Volume was also down 25% from last year.
The Number of Condominiums Sold was 4 as opposed to 24 last year. Dollar Volume was $1,147,900 against $10,454,900 last year. In 2008 Intrawest was closing the final new units at Fraser Crossing & Founders Pointe so this year’s results are bound to look unfavorable.
Vacant Land saw a decrease this March with 2 sales compared to 6 last year and the Dollar Volume was $685,000 against $1,367,750 so the median price actually increased 40%.
Looking forward, May is usually a quieter month and then sales slowly build up as the summer buying season goes on. It is still hard to predict what the summer will be like but the early indications are tending toward slow but steady improvement. It will be a long time getting back to the pace of the last few years, but it is possible that the worst is behind us.
A full copy of the Winter Park Real Estate 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.
