With strong sales in September, Winter Park Real Estate Sales in September reversed a long standing downward trend and actually increased the Number of Total Properties Sold for the 3rd quarter, with 84 properties sold this year compared to 79 last year. The Dollar Volume of Sold Listings was still significantly off, down 18% as Buyers continued to opt for less expensive properties.
In Residential Sales (houses & townhomes) the Number of Properties Sold saw a substantial increase in September from 5 to 16 or 220%. The Dollar Volume of Sold Listings was also up sharply, 210% from last September. For the third quarter the Number of Properties Sold was up 28% while the Dollar Volume of Sold Listings was down 11%.
In the Condominium segment the Number of Properties Sold was also up for the 3rd quarter. Although not as dramatic as Residential Sales, it was up a solid 8%. The Dollar Volume of Sold Listings did not fare as well, however, down 11% The Number of Properties Sold was even for September with dollar volume down 5%.
Land sales was even for the month but continued behind for the quarter, with the Number of Properties Sold down 60% and the Dollar Volume of Sold Listings down 80%.
Although the prices could be higher, the third quarter was by far the best quarter in a long time. To begin any recovery, the number of sales has to increase and we have finally seen that happen. Hopefully it will continue, although there are certainly no guarantees in this shaky economy. But we have seen steady year over year improvement almost all year long so this is not an isolated event.
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.
