As we step into fall, the Windermere real estate market continues to show some fascinating trends. Whether you’re thinking of buying, selling, or just staying informed, it’s important to understand how the market is evolving.
The following is a breakdown of the latest data for single-family homes in Windermere for September 2024:
Closed Sales
The total number of closed sales has seen a significant drop, down 43% from last year, with only 33 sales completed. This decline suggests a more cautious market, with fewer transactions taking place compared to the same time in 2023. This could be attributed to higher prices or changing buyer dynamics.
Median Sale Price
Despite the slowdown in sales, the median sale price has surged by a remarkable 60% year-over-year, bringing the median price to $1,375,000. Windermere continues to be a hot spot for luxury properties, and this increase demonstrates the ongoing demand for high-end homes in the area. Sellers should take note of this upward trend in pricing.
Dollar Volume
However, the total dollar volume of sales is down 30% from a year ago, totaling $50.9 million. This could be due to the sharp drop in the number of closed sales, even though the prices have increased.
Active Inventory
For buyers, the good news is that the market is seeing more homes available for sale. The active inventory has increased by 74% year-over-year, bringing the total to 186 homes. This means more options for those looking to move into the area or upgrade their current home.
New Listings
The number of new listings has risen by 21% year-over-year, with 57 new homes coming onto the market in September. This continued influx of listings can be a great opportunity for buyers, though it also means increased competition for sellers.
New Pending Sales
Meanwhile, new pending sales have also seen growth, up 8% from last year, with 54 homes under contract. This suggests that while the market may be experiencing fluctuations in volume and pricing, demand remains strong, and buyers are actively making offers.
What Do These Numbers Mean for Buyers and Sellers?
For sellers, the rise in median sale prices indicates that it could still be a favorable time to sell your property, especially if you own a luxury home. However, with the increase in active inventory, you’ll need to ensure your home stands out to attract the right buyers in a competitive market.
For buyers, the market is becoming more favorable with more choices available, and now may be the time to find your dream home in Windermere, especially as inventory rises. Despite the higher prices, having a variety of listings to choose from can give you a better chance to find a property that suits your needs.
Ready to Navigate the Windermere Market?
Whether you’re looking to buy, sell, or just want more insights into the market, I’m here to help you navigate the process. Let’s talk about your options and find a strategy that works best for you in this dynamic market!
📲 Call me at 407-340-6447
💻 Visit klinkous.kw.com for more information and property listings.