As we continue analyzing the 2016 sold data for Windermere real estate, we’re looking at trends in Butler Chain real estate that is located in Windermere (note that not all Butler Chain real estate is located in Windermere/34786). For our purposes, we’re only looking at the real estate inside Windermere.
After removing various outliers, Butler Chain real estate prices remain relatively consistent over the last three years with a marginal tick higher in 2016.
Average Price Per Sq Ft for all Windermere Butler Chain real estate by year
|Year||Properties Sold||Avg Price Per Sq Ft|
Again, a few data points that are pretty big outliers have been removed from the above data set in order to get meaningful data comparisons year over year.
As you can see, our calculated average per square foot for Butler Chain real estate in Windermere increased from $363.23 to $347.47 from 2015 to 2016.
The trend higher is a bit more clear when isolated to specific communities with a lengthy track record of Butler Chain related transactions.
The communities with at least two Butler Chain real estate transactions each year are Isleworth, Keene’s Pointe, Downtown Windermere and Lake Butler Sound. Note that there are a decent amount of transactions not within traditional neighborhoods. We are ignoring the “other” category for now.
In Isleworth, Butler Chain transactions have remained relatively steady in the 3-5 transactions per year range during each year in our range. 2016 saw the highest average per square foot price for Isleworth Butler Chain real estate at $494.99 (up from $331.53 in 2015 and $487.15 in 2014). Isleworth, however, has such a wide range of home prices due to some of the extremely large properties in the community, so let’s examine the other communities.
Keene’s Pointe has had at least 4 Butler Chain transactions per year since 2014. The average price per square foot has climbed each year starting at $295.58 in 2014, to $349.08 in 2015 and finally to $424.96 in 2016. Butler Chain real estate in Keene’s Pointe remains quite hot.
In Downtown Windermere, the trend also is clearly higher with quite a bit more volume giving more strength to this trend higher. The per square foot price has climbed from $362.23 (2014) to $384.55 (2015) to $396.82 (2016). The 11 Butler Chain transactions in Downtown Windermere last year were down slightly from the 13 in 2015.
In Lake Butler Sound, the volume of Butler Chain transactions is minimal, but the trend remains the same. Average price per square foot for Butler Chain real estate in Lake Butler Sound has increased from $375.93 in 2014, to $406.67 in 2015, to $458.25 in 2016.
If you’re looking for Butler Chain real estate in one of these established communities such as Keene’s Pointe, Isleworth or Lake Butler Sound, you can expect to pay $400 per square foot and up in 2017 and beyond most likely.
One more data point… the non-traditional community of Bayshore Estates located on Lake Down also shows a clear trend. Price per square foot averages for Butler Chain real estate in this community have increased from $235.41 in 2014, to $302.11 in 2015, to $390.26 in 2016.
Just to repeat one last time, some of these averages are of better quality than others due to the sample size of the data, but by looking at the overall trend across the board, it’s pretty clear that Butler Chain real estate continues to increase year after year.
As the homes along the shores of this chain of lakes continue to become bigger and better, and “deals” being increasingly non-existent, it’s hard to imagine prices going in the opposite direction even if the overall real estate market deteriorates.