Winter Park real estate sales were significantly up in August which propelled this year ahead of last year, although by a small margin. Of particular note, the volume of the Residential sector (Single Family Homes & Townhomes) increased dramatically in the Dollar Volume of Sales.
The total Number of Sales for all property segments (Residential, Condominiums & Vacant Land) is up 15%, while the Dollar Volume of Sales is up 2%. Average Sale Prices are down 12% for the year but this is still a big improvement compared to 2 months ago.
The biggest change was in the highest segment of the market, Residential. The Number of Sales here is down 2%, while the Dollar Volume is down 8% but this compares favorably to June, when the Number of Sales here was down 16%, and the Dollar Volume is down 22%.
The Condominium sector, which was the strongest area of sales through June, has not performed as well in the last two months. But it is still well ahead for the year, with the Number of Sales up 22% and the Dollar Volume of Sales up an sizable 26% driving the average price up 3.6% compared to last year at the same time.
Vacant Land still is the smallest sector of the market by far. The Number of Sales up 45% but the Dollar Volume of Sales is up 1%. This results in a dip in the Average Price of 31% through August year to year.
The strong sales in the last two months in Residential sales has changed the mix significantly. This has lead to higher average prices during that time. It is great to see that increase in volume as it points to a recovery in the market if it can be sustained.
These statistics were compiled from data from the Grand County Board of Realtors & are deemed reliable but can’t be guaranteed.