Total Sales Still Ahead for the Year to Date although May sales are down 25%
Total Sales through the first 5 months of the year are up 59.3% compared to the same period last year with number of properties sold up 32%. The median price was up significantly, from $299,900 to $395,500. Condominiums continue to be the strongest segment with sales up 241.8% while Residential is down 32.3% and Vacant Land is down 26%. The median sale price is up for Condominiums (+44.6%) and Vacant Land (+21.5%) while it is down for Residential (-4.6%).
The month of May itself shows number of sales down in all segments. There were no Vacant Land Sales this year compared to 5 last year. Total Sales for Condominiums was actually up as the Median Sales Price increased 63% whereas Residential was lower by $55,000 or 11%.
May is one of the less significant months for Sales so it is hard to make any predictions based on this month’s activity. For the year, we continue to see significantly less sales in Residential and Vacant Land, as each has had 4 months with lower sales and only one month with higher sales. Condominium sales have been consistently ahead of last year in all 5 months. The summer selling season is about to start and it is still a question mark whether interest in the Winter Park market can overcome the counteractions of the national real estate situation and the economy.
A full copy of the Winter Park Real Estate 2008 Year-to-Date Report is available by emailing me at Paul@PaulLewis.net. You can always see all the MLS listings at http://www.paullewis.net/.
These statistics were compiled from data from the Grand County Board of Realtors and is deemed reliable but cannot be guaranteed.
The month of May itself shows number of sales down in all segments. There were no Vacant Land Sales this year compared to 5 last year. Total Sales for Condominiums was actually up as the Median Sales Price increased 63% whereas Residential was lower by $55,000 or 11%.
May is one of the less significant months for Sales so it is hard to make any predictions based on this month’s activity. For the year, we continue to see significantly less sales in Residential and Vacant Land, as each has had 4 months with lower sales and only one month with higher sales. Condominium sales have been consistently ahead of last year in all 5 months. The summer selling season is about to start and it is still a question mark whether interest in the Winter Park market can overcome the counteractions of the national real estate situation and the economy.
A full copy of the Winter Park Real Estate 2008 Year-to-Date Report is available by emailing me at Paul@PaulLewis.net. You can always see all the MLS listings at http://www.paullewis.net/.
These statistics were compiled from data from the Grand County Board of Realtors and is deemed reliable but cannot be guaranteed.
Labels: Grand County, Paul Lewis, Winter Park, Winter Park Real Estate
posted by Paul S. Lewis at 11:09 AM
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