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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Windermere Real Estate Statistics: April 2011

April 21st, 2011 · 3 Comments

Apologies for the lack of posts lately, but the market has been picking up which equals me being busy as the latest numbers as of April 17, 2011 from Altos Research reveals. I’m not complaining one bit.

The statistics for the Windermere, FL real estate market are showing signs of life. Things are really picking up. The 7 day and 90 day moving average for median price, price per square foot, and sales/demand show an upward trend while the inventory of homes for sale continue a decline. Currently, the median price stands at $866,596 and average price per square foot stands at $211 a foot.

While I believe the median price and price per square foot figures are a bit skewed for this month, the upward trend in the market is not. The traditional Spring boost to the market is taking place and perhaps signaling a return to a more balanced market.

Tags: Market Statistics by Zip Code

3 responses so far ↓

  • 1 AP // Apr 21, 2011 at 10:36 am

    Finally!

  • 2 billy jons // Apr 22, 2011 at 8:54 am

    the market has 15% to 20% still to fall over the next 2-3 years in windermere and the greater ORLANDO AREA. way to much shadow inventory, tighter loan regs, no one can qualify. Do not make it sound like happy days are here, if it is cheap enough it will move….. I have 2 friends in Windermere that lumped off over 200K just to dump the house.

  • 3 Hojin Chang // Apr 22, 2011 at 5:01 pm

    You’re right, it’s not all roses and nearly half of all sales in Orlando involve distressed properties but we haven’t seen any improvement in a long time so it’s definitely a change for the better. I wish I had a crystal ball and knew what the market held for us in the next 2 to 3 years but I do not and neither do you. There is definitely a large shadow inventory with nearly 7 million households more than 30 days late on their mortgage payments, but we are making progress. Loan deliquency rates are down 18% from 2010.