Monday, September 7, 2009

Windermere Stats as of September 1, 2009

Windermere is located in Southwest Orlando and nestled between numerous large lakes that form the Butler Chain of Lakes. Windermere was established in 1889 and works hard to maintain that small town feel. For instance, many local streets are still dirt roads. Windermere has expanded to include newer subdivisions such as Lakes of Windermere, Keene’s Pointe, Summerport, and Glenmuir. Below is a snapshot of the current state of the market in Windermere.

As of September 1, 2009 there are currently 586 properties listed in the MLS ranging in price from a two bedroom/two bathroom condominium in The Lakes of Windermere at $90,000 (Short Sale) to $12.5 Million estate home in Islesworth that is 9 bedrooms/9 bathrooms over 10,000 square feet. Here is the breakdown:

ACTIVE = 586:  108 are pre-foreclosure/short sales/bank-owned (making up 19% of the inventory).
531  TOTAL: 77 are pre-foreclosure/short sales/bank-owned  

55 TOTAL: 31 are pre-foreclosure/short sales/bank-owned

PENDING = 197: 117 are pre-foreclosure/short sales/bank-owned, making up 60% of the pending inventory.
151 TOTAL: 91 are pre-foreclosure/short sales/bank-owned  

46 TOTAL: 26 are pre-foreclosure/short sales/bank-owned

SOLD (August 2nd to September 1st)= 50: 27 are pre-foreclosure/short sales/bank-owned, making up 54% of the pending inventory.
42 TOTAL: 25 pre-foreclosure/short sales/bank-owned  

8 TOTAL: 2 are pre-foreclosure/short sales/bank-owned

If you would like a Market Analysis for your home, please contact us directly.

We look forward to serving you.