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 Looking Up in Winter Garden

May 19th, 2008 · No Comments

Sorry for the lack of posts recently, but as these numbers indicate, things are busier for the real estate market here. The city of Winter Garden, zip code 34787, is seeing a nice improvement. The number of sales have increased for 5 straight months and definitely showing a steady trend up. The average price per square foot has been on a decline and currently stands at $118 per foot. I believe this is good since it shows sellers are becoming more realistic about their expectations on price. Sellers in this zip code seem to have it figured out. The inventory of homes on the market is only 17.1 months which is far better than the surrounding areas. It appears that Winter Garden is closer to reaching an equilibrium in the market. The average sale price is currently $271,000 and will continue to decline until we reach around a 6 months supply. It seems like it’s far off but it’s a lot closer than Dr. Phillips and Windermere.

Tags: Market Statistics by Zip Code