We’ve run our analysis on the sold data for all single family home transactions in the 34786 zip code, and our data indicates a rise in per sq. ft. prices of 16.9% from $143.86 in the first three months of 2016 to $168.26 in the first three months of 2017.
The volume of transactions was down from 2016. We tallied data from 257 transactions for the first quarter of 2017 compared to that of 328 in 2016. The difference can mostly be accounted for by the decrease in newer homes. Of homes built 2014 or later, there were 151 transactions in the first quarter a year ago with only 45 homes built 2014 or later sold in the first quarter 2017.
So, what if we filter out the newer homes? What does the year over year data look like then? If we take only the transactions of homes built before 2014, the per sq. ft price of homes in Windermere for the first quarter of 2017 is a very similar $168.25. This compares to a $150.31/sq. ft. from 2016 Q1 and a $155.15/sq. ft. from 2015 Q1. As this indicates, in 2016 Q1, home prices were down slight on a per sq. ft. basis for homes built before 2014. However, 2017 Q1 put this trend firmly back in the upward direction.
As a Windermere resident that keeps tabs on a regular basis of the real estate market, it’s certainly felt like home prices are up over the last few months. The raw data definitely backs this up.