October 31^st 2009

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.

Winter Park Homes for Sale

Winter Park Florida , this picturesque and quaint city is a perfect place for window-shopping and walking around downtown, just north of Orlando.

Like so many other areas of Central Florida , and the county as a whole, it too is experiencing the real estate blues, with 1,053 properties for sale and an average listing price at $190,000, with an average day on market of 220 days, this picture does no look too pretty.

Taking the condos out of the equation because they normally skew the picture, which comprises 35% of the housing inventory, the median listing price for single family homes is at $227,000 with an average day on market at 227 days, meaning that the Winter Park area still has 24 months of single family homes to get rid off.

This is a long time and values can be expected to go down further.

The highest priced sold home in the first quarter of 2009 was 1135 PRESERVE POINT DR, WINTER PARK ,and it sold for $5,600,000 asking price was

$6,800,000 and it sold for cash. This property, according the tax roll, was bought for 5/27/2005 for $6 million. This information was provided by the Greater Orlando MLS by Coldwell Banker and sold by HERITAGE REAL ESTATE GROUP. As one can see, even the luxury real estate market is not immune to the down turned market. Home values in Winter Park over the past 12 month have dropped by 24% from $155.00 per sqf. to $117.72

However, there are many great areas to buy homes in Winter Park . Depending on your pocket book

here are some of the areas you may want to look at:

All in all, Winter Park has much to offer and their schools are very highly rated as well.