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There’s been decent activity in the community of Glenmuir located between C.R. 535 and Chase Rd. in Windermere with 8 sales in past 4 months ranging from $183,500 to $405,000 and it’s been taking an average of 107 days on the market.
The ever popular price per square foot stat stands at $102 per foot with the lowest being $83 and the highest being $131.49.
The average price of the solds is $267,400 with the median price being $245,000.
Keep in mind that there’s 2 sections of Glenmuir. Pulte, the developer of this community, built smaller homes with fewer upgrades on the north side, so a true market assessment will separate out the two sections.
There’s also quite a few homes backing up to a conservation on the west side of the community and homes plagued with powerlines on the south side.
There’s been a good number of sales here albeit at a much lower price than a year or two ago.
My attempt at being a swami says that the price declines are done for the most part and price are near stabilization.
There’s a couple things I’m watching out for. One being the threat of inflation from all the money the federal government printed to bail out all the banks this past year. Another is the supposed shadow inventory of foreclosures that have yet to hit the market.
I’m not saying these are going to be a problem down the road. It’s just things to be mindful of.