Winter Park Real Estate Sales in August were very comparable to last year, as there was only one less sale this year. The Number of Total Properties Sold was 28 against 29 last year. The Sales Prices were not nearly as good, however, as they were down 40%. While some of this is caused by reductions in prices, it is certainly more due to the fact that Buyers are purchasing less expensive properties.
In Residential Sales (houses & townhomes) the Number of Properties Sold saw a healthy increase from 13 to 15 or 15%. But the Dollar Volume of Sold Listings was down sharply, off 41% from last August .
The Number of Properties Sold in the Condominium segment was down 8% compared to last August and the Dollar Volume of Sold Listings was down 34%.
Land sales continue to lag, with the Number of Properties Sold down 67% and the Dollar Volume of Sold Listings down 57% so there was an increase in the average price paid for land.
So we are seeing that as the year goes on, Sales are becoming more comparable to last year. This is a combination of some sales increases this year but is also affected by the fact that sales had is time last year. It may be a long time before we see sales at the level they were two years ago but at least we are not seeing a pattern that continues to go down.
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.
