Baby it's cold outside..., but Winter Park real estate sales were red hot in December. There were 73 sales in December compared to 56 in November. The median price dropped from $166,850 in November to an even $160,000 last month. Average sales price took a huge 50% jump thanks to several high end sales. The average sales price in November was $261,431 while December posted an average sales price of a whopping $390,504. It did take longer on average for these sales to get to contract, again effected by the higher end sales that closed. The average days to contract in November was 120 and in December it jumped to 160. The median days to contract rose more modestly from 70 days in November to 74 in December.

As I mentioned, sales of more expensive proportion lead the way last month. There were a total of 13 homes that sold for more than $500,000 compared to 10 in November. More impressive is the seven sales greater than $1 million that closed compared to November's two million dollar sales. The highest sale was $4.9 million, and was one of the biggest sales for the year in the entire Orlando area. The fast pace of the sales along with the generous number of expensive closings caused the number and prices of available inventory to decline. In November there were 339 homes available for sale, and today there are only 312. The median list price dropped from November's $450,000 to $364,500, and the average price dropped from $736,179 to $714,059. All in all, a great way to end the year.