The luxury real estate market in Windermere, Florida has seen significant growth and rising prices over the past year, according to the latest market data.
A look at the numbers for August 2024 compared to August 2023 reveals some notable trends.
Active Listings on the Rise
Inventory levels picked up substantially year-over-year, with a 51.28% increase in the number of active listings from 156 in August 2023 to 236 in August 2024.
More homes hitting the market signals healthy buyer demand in this affluent Orlando suburb.
Average Prices Continue Climbing
The average sale price for Windermere luxury properties showed impressive gains, jumping 36.57% from $1,292,051 in August 2023 to $1,764,566 in August 2024.
This reflects the enduring appeal and short supply of luxury housing stock in this sought-after lake community.
Homes Taking Longer to Sell
While demand remains robust, homes are spending more time on the market compared to last year.
The average days on market increased by 33% from 42 days in August 2023 to 56 days in August 2024, indicating a bit more patience is required on the part of sellers.
Price Per Square Foot Outpacing Inflation
The price buyers paid per square foot for Windermere luxury real estate rose 20.4%, from $328 in August 2023 to $395 in August 2024.
This statistic underscores the premium buyers are willing to pay for luxury living in this exclusive enclave.
The latest figures depict a luxury market in Windermere that continues strengthening amid rising prices and buyer appetite for high-end properties in this premier locale.
As pricing scales new heights, buyers remain undeterred in their pursuit of Windermere's lavish lakeside lifestyle.
As a long-time resident of Windermere and someone deeply embedded in this community, I have an intimate understanding of what makes this area so desirable.
Beyond the statistics, I've witnessed firsthand the evolution of Windermere into one of Central Florida's most coveted luxury enclaves.
My profound local knowledge combined with over two decades of experience marketing and transacting high-end real estate allows me to pinpoint the most promising opportunities.
I welcome the chance to lend my seasoned guidance to anyone looking to buy or sell their luxury property amidst Windermere's majestic lakes and towering oaks.
This enchanting town's best-kept secrets and hidden gems are an open book to me.
Warm regards,
Dianna Desboyaux
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