December 7, 2011
By David Welch
What a solid month November turned out to be for Winter Park real estate sales. November definitely gave us a lot to be thankful for. In October there were only 29 closed sales, but that jumped to 56 in November. The median sales price also jumped from $158,000 in October to $166,850 last month. Average sales price also made a big move from $251,576 in October to $261,431 in November. The number of days to contract however was up a bit with the average coming in 10 days longer at 120 and the median coming in 19 days longer at 70. Pricier properties took a big jump too. There were only 6 homes in October that sold for more than $500,000 and none over $1 million. In November there were 10 homes that sold for more than $500k and 2 that sold with an extra comma on the price tag.
The available inventory was impacted by the additional sales. The number of homes available dropped from 355 in October to 339 last month. At the same time, both the average and median list prices took big jumps. The median list price of $399,000 in October rose by more than $50,000 to $450,000 in November. The average list price jumped by nearly $29,000 from $707,382 in October to $736,179 last month. Hopefully, December will bring us more tidings of comfort and joy and more great sales numbers.