Real estate in Windermere showed a surprising increase in value over the month of September by 8%. The average property in October sold for $445,145 compared to $413,765 in September and compared to last year. There is also a storing increase of 12% as well as the equal amount of sale. The overall sales volume compared to September took a hit by 18 units or 30% less. Windermere has some of the most priced real estate in the greater Orlando area and values have dropped where these homes are offered at some of the best values in years.
Windermere is located on the Southwest side of Orlando, and is the home town for some of the priciest real estate on the Butler Chain of Lakes and Isleworth and it is part of the Orlando Real Estate MLS. The Windermere real estate market is still far away from normal and speculators went wild during 2004 and 2005 and many developments were built to satisfy the thirst for Florida’s real estate speculators. Right now, you can find some incredible deals in some of the most desirable neighborhoods. Click here to find Windermere foreclosure and/or short sales.
Orlando Real Estate – Click here to access the Windermere MLS
Currently, there are 769 properties for sale in Windermere, a reduction of 7 properties compare to last month. 664 are single family homes, and 105 are condos and/or villas and duplexes. A total of 56 properties sold during September, 31 single family homes and 25 condos and/or villas. The average price of a property was $435,104, which was a 23% drop in price over the same month of the prior year. Sales, however, increased by 32% over the same month of the prior year, but the actual days on the market increased from 138 in 2008 to 159 in 2009.
The highest sale was 11710 LAKE BUTLER BLVD, WINDERMERE, Fl 34786 located in the METCALF PARK Subdivision on the shores of Lake Butler. This property was a short sale, and it was originally listed for $8M and it sold for $3M. With 13.9 months of unsold inventory remaining, this area of Orlando remains to be challenged for many years. Prices will continue to be depressed as the bank-owned and pre-foreclosure properties are driving the market.
As of the end of September, there are 42 bank-owned properties for sale in Windermere, this is an increase of 15 properties or 35% , the highest priced home is still 9801 GROSVENOR POINTE CIR, WINDERMERE, Fl. 34786, located in the KEENE’S POINTE subdivision , being offered at $1,524,600 located on the Jack Nicklaus Signature golf course. The 2nd highest prices home is 13125 BELLARIA CIR, WINDERMERE, Fl. 34786, located in the BELLARIA subdivision and priced at $1,395,000. There are 215 short sale properties, which is an increase of 55 properties or 34%. The highest priced short sale is 11121 BRIDGE HOUSE RD, WINDERMERE, Fl. 34786 located in the RESERVE AT LAKE BUTLER SOUND and listed for $3,590,000.
Highest priced 5012 LATROBE DR, WINDERMERE, Fl. 32786, listed for $12,500,000 located in the Isleworth subdivision on the shores of Lake Bessie
The subdivisions with the highest sales were as follows:
13 SUMMERPORT
6 KEENES POINTE
4 LAKES OF WINDERMERE LAKE REAMS TOWNHOM
4 LAKES OF WINDERMERE
2 BELMERE VILLAGE
2 ISLEWORTH
2 METCALF PARK
2 WINDERMERE
1 BUTLER BAY
1 EDEN ISLE
1 ENCLAVE AT BERKSHIRE PARK
1 ESTATES AT WINDERMERE
1 LAKES OF WINDERMERE PEACHTREE
1 LAKESIDE AT LAKES OF WINDERMERE CONDO
1 MARINA BAY ESTATES
1 OXFORD MOOR
1 PROVIDENCE
1 RESERVE AT LAKE BUTLER SOUND
1 SOUTHBRIDGE VILLAGE
1 TENNYSON PARK AT SUMMERPORT
1 WATERFORD POINTE
1 WINDERMERE, MARINA BAY
If you are looking to buy in Windermere or if you are in foreclosure and want help to stop a foreclosure and need to do a short sale go to foreclosure and if you want to buy a foreclosure, where you will find MLS access.
