Hojin's SW Orlando Real Estate Scoop

Real Estate News for Dr. Phillips, Windermere, Gotha, Celebration, Winter Garden, Ocoee, Clermont, Metrowest

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Real Estate Market Stats for Southwest Orlando (Dr. Phillips & Windermere) as of July 2007

August 12th, 2007 · 1 Comment

sw-orlando.jpgThe market stats for SW Orlando real estate mirror the trends taking place in rest of the city with growing inventories, falling prices, and longer days on market. For this report the zip codes included are: 32811, 32821, 32819, 32824, 32830, ,32835, 32836, 32837, 34786, and 34787. These zip codes include areas commonly known as Dr. Phillips, Williamsburg, Bay Hill, Hunter’s Creek, Windermere, Winter Garden, Metrowest, and Veranda Park. As of July 7, 2007 there were 5,191 properties for sale in this area with only 291 of them selling. That means the area has 21.5 months of home inventory. Home sellers were getting 97% of the asking twelve months ago but now they are only getting 93%. The average days on market has grown from 55 days twelve months ago to 97 days.

All these numbers have been skewed by the condo market in the area which is much worse than the market for single family home. Inventory for condos stand at 41.5 months of supply with only 30 out of 1,373 condos selling. Looks like condos are out of fashion again. Click on these thumbnails for a graphical look at these stats.


Tags: Market Statistics by Zip Code

1 response so far ↓

  • 1 Barbara Brady // Aug 26, 2007 at 5:33 pm

    This week we heard from several buyers; I think we are seeing a blip in the market. Great signal and I hope that buyers don’t wait till the house they really want is sold! That is what happens sometimes. Love your blogging site!