Winter Garden
4th QTR 2022
Welcome to the most comprehensive Winter Garden Real Estate Market report on the internet, produced by the number 1 Realtor in Winter Garden Closed Sales History.
Take 10 minutes & become the expert of any circle of conversation regarding Winter Garden Real Estate.
You will not find this type of analysis of the Winter Garden real estate market anywhere else on the planet!
4th Quarter 2022 Winter Garden Highlights
639,626
Average Sale Price
15
Increase
34
Average Days on Market
26
Improvement
250.30
ave $/ft
14
Increase
4th Quarter 2022 Winter Garden 34787
​4th Quarter 2021 Winter Garden 34787
Winter Garden ended the last quarter of 2022 15% higher than last quarter of 2021. Average $/ft broke the $250 / ft mark all while we saw the highest interest rate hikes in 40 years in the United States.
Units sold dropped off 2021 levels by 26% but if you recall that was the beginning of the “covid migreation” to the area, so take that decrease with a grain of salt.
Lets take it a step further and break the Winter Garden single family market down:
Every report RTR ARMY goes to another level and separates single family sales from townhomes and condos, so we can get the real picture of the housing market. The extra effort yields priceless insight to allow us to play chess on the checkerboard.
4th Quarter 2022 Winter Garden Single-Family housing market
704,194
Average Sale Price
18
Increase
35
Average Days on Market
57
Increase
255.16
ave $/ft
15
Increase
4th Quarter 2022 Winter Garden Single Family
4th Quarter 2021 Winter Garden Single Family Only
Winter Garden broke $700,000 mark in average sale price ! This increase is due to some serious record sales… the 4th quarter of 2022 witnessed 2 closed sales over 3M, 6 over 2M and 25 over 1M.
The 3 highest sales all were on the shores of Lake Hancock, not Johns Lake… very surprising. 2 of the 3 were behind the gates of Isles of Lake Hancock.
MARKET BREAK DOWN
The reason you report every quarter is this section.
I went back to the 3rd Qtr 2022 and ran the numbers vs the 4th quarter in addition to the 4th qtr 2021 to 2022. The average sale price and Median Sale price increased but $/ft decreased by over 3%. The big news is Days on market (DOM) went from 15 days in the 3rd qtr to 35 days in the 4th… Oyer 100% increase in time to sell.
4th quarter is the notoriously slowest time of every calendar cycle over my 26 years of selling, except the anomaly of 2021 covid migration.
Record increases in interest rates, stock market uncertainties, and daily negative headlines coupled with the already slow end-of-year holiday season hit the market hard in 4th quarter.
With this said 4th quarter set a new bar for average sale price at over $700,000 which from 1st quart of $639,000 is just short of a 10% jump in the last 12 months!
The average $/ft in 1st qtr for single-family homes was $244.58, so under a 5% jump through 12 months on this important metric as Winter Garden finished the 4th qtr at $255.16/ft.
Overall Winter Garden outpaced the local real estate market …..again!
The recent record sales in 34787 have brought property values in the area to new heights.
What is in store for Winter Garden in 2023… visit the Ron the Realtors 2022 Winter Garden year in review to hear from the guy that has sold more homes in Winter Garden than anyone on the planet!
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