While still off last year’s results, the Winter Park Real Estate market continued to gain ground in June with improving sales. The number of sales of all Properties for June was down 38% from last year, which continues the trend of seeing this negative percentage shrink as the year goes on. Dollar Volume was down 42%, also the best result so far this year.
Dollar Sales of Residential properties were down 38% while the number of these properties sold was down 13%. This shows a change in the mix of properties sold and would indicate that more townhomes and older properties sold this year.
Dollar Sales of Condominiums were down 36% and the number of sold listings was down 45%. This would indicate just the opposite of Residential as more expensive condominiums were sold.
Vacant Land lost the gain it made last month as no properties sold this year in June compared to two last year.
So the good old days (a year ago or more) are gone and don’t look to be coming back any time soon. But in the new reality that is the Winter Park real estate market today, there are positive signs that the market has been gaining speed since its low point this past winter. Although Buyers are as cautious as they ever have been, there are properties selling, particularly when the price is right. As a confirmation of that, Intrawest & Rendezvous, two of the largest developers in the Winter Park area, have started to offer some of their inventory at very attractive discounted prices and they have seen some very positive results. Within days of reducing prices on some of its remaining studios, Intrawest was sold out. Rendezvous reduced the prices of its Elkhorn townhomes and within two weeks almost all of them were gone.
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.
