In the most recent Windermere Real Estate Market report by Ron the Realtor, Windermere Average closed sale price increased, in fact, it rose 3% from the 1st Quarter! Also, Windermere Median closed sale price INCREASED 17% from the 1st Quarter!
Key Market Report Take-Aways
Homes are selling almost an entire MONTH faster than just last quarter and selling at higher prices.
In 2nd quarter 3 homes sold over $5,000,000 including the highest sale, 5536 Isleworth Country club, that was on market an astounding 875 days ! the data still showed a 27 days improvement with this elephant on the books, Priced at $15,000,000, the seller closed at $7,189,333.
Windermere Real Estate Market Prediction
By years end we will be seeing a nice increase in average sale price from 2017. 4-5% should be expected but would not be shocked to see5.5% or even 6% by end of 4th quarter. The days on market will remain improved, we will not see another 27% improvement but I can see that days on market get shaved another 3-4 days in the 3rd quarter break down.
Look for realtors across Lake County, Orange County and Seminole take note as surrounding cities may see some potential growth like Windermere has.
For More visit: http://rontherealtor.com/windermere-real-estate-market-report-2nd-qtr-2018/