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Winter Park Real Estate
Winter Park located just a few miles north of down town Orlando, it is one of the most picturesque cities in central Florida with nice walking areas, side walk cafes, parks, golf, lakes and lots of history and very pricy real estate located admits the Winter Park pristine chain of lakes. The Winter Park real estate market is still far away from normal and speculators went wild during the 2004 and 2005 and many developments and large spec homes were built to satisfy the thirst for Florida’s real estate buyers.
Currently there are 944 properties for sale in Winter Park, just 20 less compared to last month, 609 are single family homes at the average price of $611,168, and 336 are condos and or villas and townhouses at the average price of $266,655. Not much has changed in the total inventory and the average prices over the prior month. 78 properties in all sold in October which is a 3 unit increase over September, 57 of which were single family homes at the average price of $611,168 and 20 condos and or villas were sold at the average price of $266,655.
The average price of all sold properties was $255,236 compared to $256,633 of the prior month only very slight drop in price, but over the same month of the prior year it was $266,341. The average sold condo price was $68,292, and when compared to the condo listing price of $266,655 there is a huge value disparity.
On a year to date basis the average value per sqf. has dropped by 25% over prior year from $177.00 last year to $125.00 this year. Sales increased by whopping 15 % over the 10 months period. The highest priced sale for October was 331 TRISMEN TER, WINTER PARK, Fl. 32789 which was a waterfront located luxury homes located on the shores of Lake Osceola located in the OSCEOLA SHORES subdivision which was listed for $2,395,000 and sold for $2,050,000 after 87 days on the market and it sold at 85% of market value. With 12.1 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 October there are 72 bank owned properties for sale in Winter Park, an increase of 5 homes, the highest priced home is 447 Genius Dr. Winter Park, Fl. 32789 listed for $1,309,000 in the Windsong subdivision and there are 271 short sales single family homes and or condos, an increase of 20 properties, the highest priced short sale is 931 Greentree Dr. Winter Park, Fl. 32789 it is listed at $2,495,000 in the Palmer Avenue Lakeside subdivision. Over 27 % of the inventory in Winter Park is in distress.
The subdivision with the highest sales were as follows:
Price reduced $50,000.00 since 6/12/11, NOW $365,000.00 | Short sale. everyone is looking for a deal, well you can stop looking. this is the best priced custom home on a ski lake in the area.
Beautiful estate pool home located on a quiet tree lined street in the desirable Eastwood Estates golf community with excellent Orange County Schools. This home boasts a fabulous three way split floor plan with a stunning large eat-in- kit...
Top Features: for sale
, Waterfront, Pond
, Swimming pool view, Waterview, Pond
Has a pool
, Subdivision: Deer Run South Pud Ph 1 Sec 1
, Lot SQFT: 10201sqft
, Built in 1993
, Style: Traditional
$395,000.00 ($110.00/sqft)
Orlando Single Family For Sale 5 beds, 4 baths, 1 half baths, 3582 living sqft
Active with Contract. Short Sale-APPROVED $385K 9/20/11. Great price DON''T MISS OUT! *MANY UPGRADES* Mediteranian COURTYARD home with a Barrel Tile Roof. This could be a 6 bedroom home.
Price reduced $17,000.00 since 9/3/11, NOW $383,000.00 | This home is located on one of the few private ski lakes in downtown Orlando. The lake is maintained by the city of Orlando and is full of large bass. Residents can enjoy skiing, fishing, canoeing, paddle boarding and swimming. This mid century ...
Top Features: for sale
, Waterfront, Lakefront
, Lake access, Waterview
, Subdivision: Dover Shores 7th Add
, Lot SQFT: 30457sqft
, Built in 1960
, Style: Ranch
$329,900.00 ($150.00/sqft)
Orlando Single Family For Sale 4 beds, 2 baths, 1 half baths, 2196 living sqft
Price reduced $29,100.00 since 9/28/11, NOW $329,900.00 | Short sale in very desirable area of North Bay; newer extension to Bay Hill Community . Best schools. Eay access to shoppings , restaurants and Disney areas.Bay Hill is one of the best golf courses in Central Florida where the PGA Takes place ...
Price reduced $25,000.00 since 11/22/11, NOW $350,000.00 | Short Sale with Bank of America''s Cooperative Short Sale program. BRING OFFERS! STUNNING DAVID WEEKLY ALANSON MODEL ON CONSERVATION! OVERSIZED LOT with Perfect landscaping, classy WOOD flooring in dining, living, family room & WOOD treds on ...
Don''t pass up this RARE OPPORTUNITY to own one of the few LAKEFRONT lots available on skiable LAKE FAIRVIEW. This lot has near panoramic views of the lake along with access to a private inlet.
Beautiful custom built home in the desirable golf community of Palma Vista at Metro West. This home is in excellent condition and has just been painted inside and out.
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The source of the listing data is as follows:
My Florida Regional MLS (updated 2/3/12)
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