Unfortunately, Winter Park is also falling victim to the stagnant real estate market. It has an oversupply of homes and sluggish buyer demand. A strong buyer market is in place. There is no short term improvement forecast for market conditions. A huge supply of inventory needs to be sold off. As of the end of July, there were 976 homes for sale with 14 months of unsold inventory supply. The average sale price for Winter Park for July was $462,639 ($28 per sq. ft.). The high sale price was $2,295,000, the low was $114,140, and the average price is $462,639. The active inventory has a high price of $8.5M, a low price of $64,000, and the average price of $570,754 ($894 per sq. ft.)
Winter Park is an old and distinguished address in Central Florida, located on the North East side of Orlando. Minutes from downtown, it is convenient to all of downtown amenities while maintaining a peaceful atmosphere. Winter Park offers some of the most picturesque areas and some of the best window shopping opportunities in greater Orlando.
Founded in the late 19th century as a winter retreat for northerners, Winter Park is known for its natural beauty and numerous lakes. It has also nurtured an arts and cultural community, much of which is centered around Rollins College. The first higher education institute in Florida, Rollins is a small liberal arts school located on Lake Virginia. Some of its historical buildings can be found in the National Register of Historic Sites.
In addition to historical buildings, Winter Park is also home to the Cornell Fine Arts Museum, one of the top art museums in the country with over 6,000 pieces. The community also boasts having the largest collection of Tiffany glass on the planet, located at the Charles Homer Morse Museum of American Art.
Another institution of note located in Winter Park is the Full Sail Academy. Catering to those who wish to pursue a career in entertainment, music, broadcasting, creative design and internet technology find specialized courses and professional training.
Winter Park consists of over 70 parks, and recreational opportunities abound. There are a number of yearly festivals and activities, as well as golf courses, a train station, country club, boat tours, shopping, and dining. There is enough to keep anyone active.
ZIP Codes: 32789, 32790, 32792, 32793
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Approximate Location Boundaries: East of I4 to West of Semoran Blvd. North of colonial Dr and South of Howell Branch Road.
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Location Characteristics: Winter Park is a city of about 25,000 residents located just north of Orlando in Orange County, Florida. One of Florida’s finest cities, it is famous for its bricked streets, vibrant lakes, abundant parks, fine shops, Rollins College, The Winter Park Farmer’s Market and two unique and impressive Art Festivals.
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About Gitta Urbainczyk, P.A.:
I am pleased to bring you the Market Condition Report. I have practiced the services of Real Estate for the past 17 years, and because my team serves all of Greater Orlando, I am familiar with most areas in the greater metropolitan area. Please feel free to contact me Toll Free . We will be able to provide you with more detailed relocation and subdivision information and home listings.
Sincerely,
Gitta
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