Winter Park FL Real Estate - Price and Sales Trends
By Judy Chapman
(Referral Network of Illinois LLC)
Winter Park FL prices for luxury homes haven’t declined as much as the rest of the Orlando area (refer to blue trend line in the graph below). Data drawn from the My Florida Regional Multiple Listing Service during a recent 6-month period in 2009. While prices have fallen less than 15% from the top of the market, a few miles east in Oviedo, FL, prices have gone down from 35 to 40%, depending on the popularity of the neighborhood. In the East Orlando area — which includes once-hot subdivisions like Waterford, Eastwood, Stoneybrook, and Avalon Park — prices have dropped like a rock ... by a whopping 50%. On the flip side, there is a ‘price’ that homeowners of Winter Park FL luxury homes have paid, and that in the likelihood ... or unlikelihood ... they will sell. Back in 2005, when the ma...
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