Population: How Many People Live in Winter Park?
According to datausa.io, Winter Park's population stands at 30,522.
But as COVID-19 continues to drive growth in Florida, that number is rising fast.
Data updated:
March 1, 2021
Winter Park Real Estate market statistics and latest trends - March, 2021
For Sale Statistics
February, 2021
| Average Homes Prices: | $710,816 |
| Average Price Per Square Foot: | $277.30 |
| For Sale Inventory: | 147 Properties |
| Homes Sold: | 129 Properties |
| Average Time To Sale: | 54 Days |
| Average Mortgate Rates: | 2.73% |
For Rent Statistics
February, 2021
| Average Rental Price: | $1,710 |
| Average Rental Price Per Square Foot: | $1.35 |
| For Rent Inventory: | 55 Properties |
| Homes Rented: | 40 Properties |
| Average Time To Rent: | 56 Days |
Demographics
Area´s Population:
30,522 People
Average Household Income:
$77,899 Per Year
Area´s Area Size
8.7 Square Miles
*Data provided by StellarMLS and Orlando Realtors Association
Your Most Up to Date Winter Park Housing Market Overview
Want to make a real estate investment in Winter Park?
Looking for the latest housing market statistics to help you potentiate your Winter Park real estate investment? Count on Authentic Real Estate Team!
As average home price rises, and interest rates bottom out, conditions are primed to invest in Winter Park. But as we slouch toward herd immunity, there's no telling how long these conditions will last. So contact Authentic Real Estate Team today!
What Is the Average & Median Home Price in Winter Park, Florida?
February, 2021 saw the average and median Winter Park home price reach $710,816 and $400,000 respectively.
Moreover, prices went up regardless of home type.
Hitting $462,712, $582,261 and $781,993 for condos, townhomes, and single-family homes, respectively.
March, 2020
| Homes Prices | Average | Median |
| Condo | $419,853 | $263,000 |
| Townhouse | $365,235 | $313,930 |
| Single Family | $648,039 | $379,500 |
| Overall | $648,039 | $379,500 |
April, 2020
| Homes Prices | Average | Median |
| Condo | $303,400 | $166,500 |
| Townhouse | $275,439 | $258,025 |
| Single Family | $542,404 | $324,950 |
| Overall | $468,108 | $310,000 |
May, 2020
| Homes Prices | Average | Median |
| Condo | $137,111 | $136,000 |
| Townhouse | $256,136 | $244,600 |
| Single Family | $569,386 | $394,000 |
| Overall | $493,996 | $338,000 |
June, 2020
| Homes Prices | Average | Median |
| Condo | $180,700 | $161,250 |
| Townhouse | $272,544 | $247,500 |
| Single Family | $494,207 | $438,500 |
| Overall | $434,161 | $337,900 |
July, 2020
| Homes Prices | Average | Median |
| Condo | $242,978 | $128,550 |
| Townhouse | $463,843 | $288,000 |
| Single Family | $716,478 | $434,000 |
| Overall | $633,375 | $384,000 |
August, 2020
| Homes Prices | Average | Median |
| Condo | $218,575 | $135,500 |
| Townhouse | $268,153 | $237,900 |
| Single Family | $636,013 | $415,000 |
| Overall | $532,407 | $364,750 |
September, 2020
| Homes Prices | Average | Median |
| Condo | $185,111 | $125,000 |
| Townhouse | $274,293 | $295,270 |
| Single Family | $643,280 | $416,000 |
| Overall | $515,048 | $323,835 |
October, 2020
| Homes Prices | Average | Median |
| Condo | $257,484 | $170,000 |
| Townhouse | $330,472 | $260,415 |
| Single Family | $590,752 | $453,500 |
| Overall | $515,802 | $388,750 |
November, 2020
| Homes Prices | Average | Median |
| Condo | $222,726 | $190,000 |
| Townhouse | $309,044 | $328,310 |
| Single Family | $637,758 | $464,375 |
| Overall | $532,360 | $380,000 |
December, 2020
| Homes Prices | Average | Median |
| Condo | $228,758 | $125,000 |
| Townhouse | $295,725 | $301,560 |
| Single Family | $650,789 | $447,500 |
| Overall | $536,369 | $355,805 |
January, 2021
| Homes Prices | Average | Median |
| Condo | $512,920 | $177,500 |
| Townhouse | $601,981 | $472,450 |
| Single Family | $909,730 | $694,435 |
| Overall | $759,002 | $426,000 |
February, 2021
| Homes Prices | Average | Median |
| Condo | $462,712 | $171,775 |
| Townhouse | $582,261 | $345,488 |
| Single Family | $781,993 | $448,917 |
| Overall | $710,816 | $400,000 |
Average home price for the last 12 months in Winter Park, Florida
Condo
Townhouse
Single Family
Overall
For Sale: Average Price per Square Foot
Winter Park's housing market is diverse.
And so are the needs of our clients.
So while average home price may be going up in Winter Park, who's to say your home is average?
To get a more accurate picture of how much your investment will appreciate, let's look at average price per square foot.
By February, 2021 average home price PSF in Winter Park was $277.30.
And as of this update, it's still rising!
March, 2020
| Average Price Per Square Foot | $237.98 |
April, 2020
| Average Price Per Square Foot | $219.48 |
May, 2020
| Average Price Per Square Foot | $209.94 |
June, 2020
| Average Price Per Square Foot | $206.56 |
July, 2020
| Average Price Per Square Foot | $241.21 |
August, 2020
| Average Price Per Square Foot | $230.66 |
September, 2020
| Average Price Per Square Foot | $223.38 |
October, 2020
| Average Price Per Square Foot | $243.49 |
November, 2020
| Average Price Per Square Foot | $232.35 |
December, 2020
| Average Price Per Square Foot | $243.28 |
January, 2021
| Average Price Per Square Foot | $266.28 |
February, 2021
| Average Price Per Square Foot | $277.30 |
Average price per square foot for the last 12 months in Winter Park, Florida
Average Price Per Square Foot
Winter Park for Sale Real Estate Inventory
COVID-19 didn't destroy every industry it touched in 2020.
Real estate, for instance, did surprisingly well.
To help us understand why, let's look at the Winter Park housing market statistics.
One of the most telling pieces of data was inventory.
Thanks to Orlando's growth, inventory had been on a steady decline since well before the crisis.
But in mid-2020, as the future began to look less and less certain, it plummeted.
What few sellers there were began to pull their homes off the market, causing inventory to drop 26.2%.
By February, 2021 there were just 147 homes on the market.
At the same time, as refugees from struggling cities like New York and LA sought better opportunities in Florida, sales started going up.
And when high sales meets low supply, prices go up.
March, 2020
For Sale Inventory
| Condo | 37 |
| Townhouse | 32 |
| Single Family | 143 |
| Overall | 212 |
April, 2020
For Sale Inventory
| Condo | 39 |
| Townhouse | 37 |
| Single Family | 129 |
| Overall | 205 |
May, 2020
For Sale Inventory
| Condo | 38 |
| Townhouse | 32 |
| Single Family | 122 |
| Overall | 192 |
June, 2020
For Sale Inventory
| Condo | 43 |
| Townhouse | 37 |
| Single Family | 137 |
| Overall | 217 |
July, 2020
For Sale Inventory
| Condo | 40 |
| Townhouse | 36 |
| Single Family | 122 |
| Overall | 198 |
August, 2020
For Sale Inventory
| Condo | 32 |
| Townhouse | 29 |
| Single Family | 117 |
| Overall | 178 |
September, 2020
For Sale Inventory
| Condo | 33 |
| Townhouse | 34 |
| Single Family | 124 |
| Overall | 191 |
October, 2020
For Sale Inventory
| Condo | 30 |
| Townhouse | 22 |
| Single Family | 127 |
| Overall | 179 |
November, 2020
For Sale Inventory
| Condo | 28 |
| Townhouse | 30 |
| Single Family | 115 |
| Overall | 173 |
December, 2020
For Sale Inventory
| Condo | 35 |
| Townhouse | 29 |
| Single Family | 118 |
| Overall | 182 |
January, 2021
For Sale Inventory
| Condo | 32 |
| Townhouse | 14 |
| Single Family | 101 |
| Overall | 147 |
February, 2021
For Sale Inventory
| Condo | 32 |
| Townhouse | 14 |
| Single Family | 101 |
| Overall | 147 |
For sale inventory for the last 12 months in Winter Park, Florida
Condo
Townhouse
Single Family
Overall
Sold Homes in Winter Park
Demand, and thus sales, is rising in Winter Park.
February, 2021 saw 20 condos, 14 townhomes and 95 single-family homes sold that month.
For an overall tally of 129.
March, 2020
Homes Sold
| Condo | 21 |
| Townhouse | 10 |
| Single Family | 86 |
| Overall | 117 |
April, 2020
Homes Sold
| Condo | 15 |
| Townhouse | 8 |
| Single Family | 54 |
| Overall | 77 |
May, 2020
Homes Sold
| Condo | 9 |
| Townhouse | 9 |
| Single Family | 71 |
| Overall | 89 |
June, 2020
Homes Sold
| Condo | 17 |
| Townhouse | 13 |
| Single Family | 105 |
| Overall | 135 |
July, 2020
Homes Sold
| Condo | 18 |
| Townhouse | 11 |
| Single Family | 107 |
| Overall | 136 |
August, 2020
Homes Sold
| Condo | 25 |
| Townhouse | 15 |
| Single Family | 114 |
| Overall | 154 |
September, 2020
Homes Sold
| Condo | 27 |
| Townhouse | 12 |
| Single Family | 92 |
| Overall | 131 |
October, 2020
Homes Sold
| Condo | 25 |
| Townhouse | 6 |
| Single Family | 101 |
| Overall | 132 |
November, 2020
Homes Sold
| Condo | 21 |
| Townhouse | 11 |
| Single Family | 85 |
| Overall | 117 |
December, 2020
Homes Sold
| Condo | 23 |
| Townhouse | 21 |
| Single Family | 106 |
| Overall | 150 |
January, 2021
Homes Sold
| Condo | 14 |
| Townhouse | 7 |
| Single Family | 66 |
| Overall | 87 |
February, 2021
Homes Sold
| Condo | 20 |
| Townhouse | 14 |
| Single Family | 95 |
| Overall | 129 |
Homes sold in the last 12 months in Winter Park, Florida
Condo
Townhouse
Single Family
Overall
Average Time to Sell a Home in Winter Park
As of February, 2021 homes in Winter Garden were spending an average of 54 days on the market (ADOM).
And while DOM has been creeping back up in recent months, that's more a function of the season than a weakening market; winter is always slow.
So we should start to see DOM decline again by the start of spring.
March, 2020
| Average Time To Sale | 80 Days |
April, 2020
| Average Time To Sale | 52 Days |
May, 2020
| Average Time To Sale | 41 Days |
June, 2020
| Average Time To Sale | 68 Days |
July, 2020
| Average Time To Sale | 62 Days |
August, 2020
| Average Time To Sale | 50 Days |
September, 2020
| Average Time To Sale | 51 Days |
October, 2020
| Average Time To Sale | 67 Days |
November, 2020
| Average Time To Sale | 38 Days |
December, 2020
| Average Time To Sale | 37 Days |
January, 2021
| Average Time To Sale | 66 Days |
February, 2021
| Average Time To Sale | 54 Days |
Average time to sell a home for the last 12 months in Winter Park, Florida
Average Time To Sale
What Are the Average Mortgage Rates in Winter Park, Florida?
In a year of historic Winter Park housing market statistics, perhaps the most historic of all was the average mortgage rate.
Because as COVID suffocated the economy, the Fed sought to give it air by deflating interest rates early in 2020.
Fast forward to February, 2021 and rates sit at just 2.73%.
A new record.
Of course, as COVID cases start to go down, interest rates will start to climb again.
So don't wait!
March, 2020
| Average Mortage Rates | 3.45% |
April, 2020
| Average Mortage Rates | 3.20% |
May, 2020
| Average Mortage Rates | 3.22% |
June, 2020
| Average Mortage Rates | 3.04% |
July, 2020
| Average Mortage Rates | 2.97% |
August, 2020
| Average Mortage Rates | 2.85% |
September, 2020
| Average Mortage Rates | 2.74% |
October, 2020
| Average Mortage Rates | 2.72% |
November, 2020
| Average Mortage Rates | 2.70% |
December, 2020
| Average Mortage Rates | 2.70% |
January, 2021
| Average Mortage Rates | 2.73% |
February, 2021
| Average Mortage Rates | 2.73% |
Average mortgage rate for the last 12 months in Winter Park, Florida
Average Mortage Rates
How Did COVID-19 Affect the Winter Park Real Estate Market?
While COVID-19 ravaged sector after sector in 2020, the Winter Park real estate market remained strong.
- In fact, in many ways, COVID made it stronger.
- Such as by driving up demand from buyers and renters from out of state.
- As well as driving down mortgage rates and inventory.
- And of course, as a result of all these factors, driving up average Winter Park home price.
Homes for Sale in Winter Park
Orlando's steady growth has been holding down inventory for years.
But with the advent of the Coronavirus pandemic, and the uncertain future it portended, what few homes were available started to decline even further.
By February, 2021 there were just 147 homes for sale in Winter Park.
And while inventory tends to fluctuate month by month, the overall trajectory seems to be telling us one thing:
Inventory just can't keep up with growth.
Winter Park Demographics
Winter Park is known for old money and upscale homes.
However, its population, and housing market, are actually pretty diverse.
Let's look at the demographic statistics for Winter Park to getter a clearer picture of this great real estate investment location.
March, 2020
Demographics
| Area´s Population | 30,522 |
| Average Household Income | $77,899 |
| Area´s Area Size | 8.7 |
April, 2020
Demographics
| Area´s Population | 30,522 |
| Average Household Income | $77,899 |
| Area´s Area Size | 8.7 |
May, 2020
Demographics
| Area´s Population | 30,522 |
| Average Household Income | $77,899 |
| Area´s Area Size | 8.7 |
June, 2020
Demographics
| Area´s Population | 30,522 |
| Average Household Income | $77,899 |
| Area´s Area Size | 8.7 |
July, 2020
Demographics
| Area´s Population | 30,522 |
| Average Household Income | $77,899 |
| Area´s Area Size | 8.7 |
August, 2020
Demographics
| Area´s Population | 30,522 |
| Average Household Income | $77,899 |
| Area´s Area Size | 8.7 |
September, 2020
Demographics
| Area´s Population | 30,522 |
| Average Household Income | $77,899 |
| Area´s Area Size | 8.7 |
October, 2020
Demographics
| Area´s Population | 30,522 |
| Average Household Income | $77,899 |
| Area´s Area Size | 8.7 |
November, 2020
Demographics
| Area´s Population | 30,522 |
| Average Household Income | $77,899 |
| Area´s Area Size | 8.7 |
December, 2020
Demographics
| Area´s Population | 30,522 |
| Average Household Income | $77,899 |
| Area´s Area Size | 8.7 |
January, 2021
Demographics
| Area´s Population | 30,522 |
| Average Household Income | $77,899 |
| Area´s Area Size | 8.7 |
February, 2021
Demographics
| Area´s Population | 30,522 |
| Average Household Income | $77,899 |
| Area´s Area Size | 8.7 |
Average Household Income
The U.S. Census Bureau estimates the median household income in Winter Park at $77,899.
Winter Park Area Size
The city of Winter Park occupies 10.17 square miles of land and water.
Winter Park Real Estate Rental Market Statistics
Now that the statistics have shown us how the residential housing market is behaving in Winter Park, let's look at the rental market!
What is the Average and Median Rental Price in Winter Park?
Looking at the numbers, we see that the average and median price for a rental home hit $1,710 and $1,585 respectively, by February, 2021.
Parsing the data by home type, we find that single-family homes went for $1,994 a month.
While condos and townhomes commanded $1,260 and $1,629 respectively.
March, 2020
| Rental Prices | Average | Median |
| Condo | $1,176 | $1,183 |
| Townhouse | $1,606 | $1,500 |
| Single Family | $1,773 | $1,719 |
| Overall | $1,598 | $1,531 |
April, 2020
| Rental Prices | Average | Median |
| Condo | $1,435 | $1,425 |
| Townhouse | $2,008 | $1,400 |
| Single Family | $1,973 | $1,750 |
| Overall | $1,935 | $1,733 |
May, 2020
| Rental Prices | Average | Median |
| Condo | $1,295 | $1,085 |
| Townhouse | $1,669 | $1,450 |
| Single Family | $2,263 | $1,795 |
| Overall | $1,937 | $1,600 |
June, 2020
| Rental Prices | Average | Median |
| Condo | $1,646 | $1,350 |
| Townhouse | $1,733 | $1,738 |
| Single Family | $2,388 | $1,795 |
| Overall | $2,017 | $1,699 |
July, 2020
| Rental Prices | Average | Median |
| Condo | $1,571 | $1,313 |
| Townhouse | $2,104 | $1,850 |
| Single Family | $2,325 | $1,908 |
| Overall | $2,097 | $1,800 |
August, 2020
| Rental Prices | Average | Median |
| Condo | $1,371 | $1,300 |
| Townhouse | $1,853 | $1,700 |
| Single Family | $1,962 | $1,800 |
| Overall | $1,794 | $1,700 |
September, 2020
| Rental Prices | Average | Median |
| Condo | $1,272 | $1,185 |
| Townhouse | $2,498 | $1,875 |
| Single Family | $2,221 | $1,950 |
| Overall | $2,004 | $1,850 |
October, 2020
| Rental Prices | Average | Median |
| Condo | $1,329 | $1,323 |
| Townhouse | $2,114 | $1,750 |
| Single Family | $2,157 | $1,788 |
| Overall | $1,897 | $1,695 |
November, 2020
| Rental Prices | Average | Median |
| Condo | $1,264 | $1,238 |
| Townhouse | $1,457 | $1,450 |
| Single Family | $2,922 | $2,215 |
| Overall | $1,818 | $1,413 |
December, 2020
| Rental Prices | Average | Median |
| Condo | $1,207 | $1,150 |
| Townhouse | $1,431 | $1,363 |
| Single Family | $1,936 | $1,790 |
| Overall | $1,637 | $1,488 |
January, 2021
| Rental Prices | Average | Median |
| Condo | $1,343 | $1,200 |
| Townhouse | $1,908 | $1,699 |
| Single Family | $2,295 | $2,048 |
| Overall | $1,819 | $1,700 |
February, 2021
| Rental Prices | Average | Median |
| Condo | $1,260 | $1,250 |
| Townhouse | $1,629 | $1,300 |
| Single Family | $1,994 | $1,800 |
| Overall | $1,710 | $1,585 |
Average rent price for the last 12 months in Winter Park, Florida
Condo
Townhouse
Single Family
Overall
For Rent: Average Price per Square Foot
As of February, 2021 the average long-term rental in Winter Park was bringing $1.35 per square foot.
March, 2020
| Average Rental Price Per Square Foot | $1.16 |
April, 2020
| Average Rental Price Per Square Foot | $1.23 |
May, 2020
| Average Rental Price Per Square Foot | $1.29 |
June, 2020
| Average Rental Price Per Square Foot | $1.36 |
July, 2020
| Average Rental Price Per Square Foot | $1.38 |
August, 2020
| Average Rental Price Per Square Foot | $1.39 |
September, 2020
| Average Rental Price Per Square Foot | $1.36 |
October, 2020
| Average Rental Price Per Square Foot | $1.29 |
November, 2020
| Average Rental Price Per Square Foot | $1.32 |
December, 2020
| Average Rental Price Per Square Foot | $1.29 |
January, 2021
| Average Rental Price Per Square Foot | $1.38 |
February, 2021
| Average Rental Price Per Square Foot | $1.35 |
Average rent price per square foot for the last 12 months in Winter Park, Florida
Average Rental Price Per Square Foot
Winter Park for Rent Inventory
By February, 2021 the rental inventory for Winter Park stood at 55.
With 17 houses, 6 townhomes and 32 condos up for rent that month.
March, 2020
For Rent Inventory
| Condo | 34 |
| Townhouse | 17 |
| Single Family | 33 |
| Overall | 84 |
April, 2020
For Rent Inventory
| Condo | 36 |
| Townhouse | 15 |
| Single Family | 30 |
| Overall | 81 |
May, 2020
For Rent Inventory
| Condo | 33 |
| Townhouse | 17 |
| Single Family | 32 |
| Overall | 82 |
June, 2020
For Rent Inventory
| Condo | 29 |
| Townhouse | 10 |
| Single Family | 29 |
| Overall | 68 |
July, 2020
For Rent Inventory
| Condo | 33 |
| Townhouse | 11 |
| Single Family | 28 |
| Overall | 72 |
August, 2020
For Rent Inventory
| Condo | 29 |
| Townhouse | 8 |
| Single Family | 32 |
| Overall | 69 |
September, 2020
For Rent Inventory
| Condo | 32 |
| Townhouse | 13 |
| Single Family | 29 |
| Overall | 74 |
October, 2020
For Rent Inventory
| Condo | 29 |
| Townhouse | 10 |
| Single Family | 26 |
| Overall | 65 |
November, 2020
For Rent Inventory
| Condo | 25 |
| Townhouse | 7 |
| Single Family | 29 |
| Overall | 61 |
December, 2020
For Rent Inventory
| Condo | 26 |
| Townhouse | 8 |
| Single Family | 28 |
| Overall | 62 |
January, 2021
For Rent Inventory
| Condo | 24 |
| Townhouse | 11 |
| Single Family | 22 |
| Overall | 57 |
February, 2021
For Rent Inventory
| Condo | 32 |
| Townhouse | 6 |
| Single Family | 17 |
| Overall | 55 |
For rent inventory for the last 12 months in Winter Park, Florida
Condo
Townhouse
Single Family
Overall
Rented Homes in Winter Park
Homes rented in Winter Park soared to 40 by February, 2021.
With 22 houses, 5 townhomes and 13 condos rented out that month.
March, 2020
Homes Rented
| Condo | 8 |
| Townhouse | 7 |
| Single Family | 19 |
| Overall | 34 |
April, 2020
Homes Rented
| Condo | 2 |
| Townhouse | 3 |
| Single Family | 21 |
| Overall | 26 |
May, 2020
Homes Rented
| Condo | 11 |
| Townhouse | 9 |
| Single Family | 29 |
| Overall | 49 |
June, 2020
Homes Rented
| Condo | 13 |
| Townhouse | 6 |
| Single Family | 31 |
| Overall | 50 |
July, 2020
Homes Rented
| Condo | 14 |
| Townhouse | 9 |
| Single Family | 32 |
| Overall | 55 |
August, 2020
Homes Rented
| Condo | 13 |
| Townhouse | 5 |
| Single Family | 31 |
| Overall | 49 |
September, 2020
Homes Rented
| Condo | 11 |
| Townhouse | 9 |
| Single Family | 19 |
| Overall | 39 |
October, 2020
Homes Rented
| Condo | 10 |
| Townhouse | 7 |
| Single Family | 16 |
| Overall | 33 |
November, 2020
Homes Rented
| Condo | 12 |
| Townhouse | 3 |
| Single Family | 7 |
| Overall | 22 |
December, 2020
Homes Rented
| Condo | 12 |
| Townhouse | 4 |
| Single Family | 20 |
| Overall | 36 |
January, 2021
Homes Rented
| Condo | 13 |
| Townhouse | 3 |
| Single Family | 23 |
| Overall | 39 |
February, 2021
Homes Rented
| Condo | 13 |
| Townhouse | 5 |
| Single Family | 22 |
| Overall | 40 |
Homes rented in the last 12 months in Winter Park, Florida
Condo
Townhouse
Single Family
Overall
Average Time to Rent a Home in Winter Park
With demand for long-term rentals at an all-time high, homes in Winter Park are renting faster than ever.
In fact, in February, 2021 the average time to rent was just 56 days!
March, 2020
| Average Time to Rent | 59 Days |
April, 2020
| Average Time to Rent | 38 Days |
May, 2020
| Average Time to Rent | 39 Days |
June, 2020
| Average Time to Rent | 31 Days |
July, 2020
| Average Time to Rent | 37 Days |
August, 2020
| Average Time to Rent | 38 Days |
September, 2020
| Average Time to Rent | 31 Days |
October, 2020
| Average Time to Rent | 36 Days |
November, 2020
| Average Time to Rent | 32 Days |
December, 2020
| Average Time to Rent | 39 Days |
January, 2021
| Average Time to Rent | 52 Days |
February, 2021
| Average Time to Rent | 56 Days |
Average time to rent a property for the last 12 months in Winter Park, Florida
Average Time to Rent
Winter Park Real Estate Investment
Winter Park in 2021 is a perfect storm for real estate investment. Why?
Because according to the housing market statistics, the average Winter Park house price is going up.
And what's more, this is the slowest time in the real estate sales cycle.
So, the rate of increase in price will likely rise as we move through 2021.
But perhaps best of all, interest rates are at record lows - just 2.73% as of February, 2021.
Of course, they won't stay that way for long.
As COVID vaccines start to restore normalcy, one of the first things that will go back to normal will be rates.
Why Should I Buy a Property in Winter Park, Florida?
- Luxury real estate, top-rated schools, a strong job market - these are just a few of the things that make Winter Park a great place to live and invest.
- Here are some reasons why you should choose Winter Park for your next real estate investment or residential home.
Location
Winter Park is located just minutes from Downtown Orlando, where you'll find a robust job market, exciting nightlife, and great cuisine. It's also just a short drive from area attractions like Disney, Universal Studios, and I-Drive.
World-Class Shopping
Home to Park Avenue, Winter Park is a major retail destination for refined shoppers from around the world. You'll find all your favorite brands on Park Ave, from Chicos, to Tuni's, to Siegel's.
Great Schools
Winter Park is zoned for Orange County Public Schools, home to some of the best public elementary, middle, and high schools in Florida.
Assets like these make Winter Park a great place to live.
As well as a great place to invest!
Winter Park Real Estate News
This just in:
The Winter Park real estate market is growing!
Heavy migration from COVID-wracked cities is driving up demand.
As are record-low interest rates.
While inventory is also at an all-time low.
Making the perfect environment for fast appreciation!
Winter Park Real Estate Market Forecast
The statistics make a great way to look in on the market at any given time.
But by looking at trends, we can predict what will happen in the future.
So, what's the forecast for Winter Park?
Heavy growth for months, maybe years, to come.
Because even as we get a handle on COVID-19, the damage to cities like New York and LA has been done.
They may come back someday, but in the meantime, people from these cities will keep coming to Florida.
As of this update, they're coming at 1,000 a day, and many of them settle right here in Central Florida.
Where plentiful jobs, great weather, and a low cost of living are a paradise compared to much of the country.
Of course, with growth comes demand.
And with demand, value.
Looking at growth over the last year, we forecast the growth will continue well into 2021, and probably beyond.
But don't wait.
Interest rates are at an all-time low of 2.73%, but they'll be on the rebound sooner than later.
Florida Real Estate Market Forecast and Latest Trends
Florida has been growing fast lately.
According to the US Census Bureau, it’s currently the 5th fastest-growing state.
And due to COVID, the growth is accelerating.
Because with sunshine, open spaces, and plenty of jobs, Florida is becoming a promised land for people from struggling cities up north and in California.
Today, in fact, they're coming at a rate of 1,000 a day.
And they're going to keep coming.
Cities like New York and LA will take a long time to heal.
Until then, expect unprecedented growth in Florida and cities like Winter Garden.
Winter Park Real Estate Market Historical Data
Just as near-term trends show us how the future will perform, long-term trends help us understand how we got to where we are.
Let's take a look at the Winter Park housing market statistics over the years.
2007
Winter Park Real Estate Market Stats in 2007
In 2007, as prices fell by 10%, and sales by 44.68%, realtors and investors started to worry.
2008
Winter Park Real Estate Market Stats in 2008
At the end of 2008, prices fell an additional 25.56%.
The recession was in full swing.
2009
Winter Park Real Estate Market Stats in 2009
Sales leapt up by 66.78% in 2009, as homeowners scrambled to sell off their assets before prices fell further.
2010
Winter Park Real Estate Market Stats in 2010
While overall price declined in 2010, the rate of change was slower, at 12.5%, than in 2009, when prices fell 28.36%.
2011
Winter Park Real Estate Market Stats in 2011
In 2011, we breathed a sigh of relief.
Average price was rising again, increasing by 13.33% over 2010.
2012
Winter Park Real Estate Market Stats in 2012
As lenders gained equanimity, they lowered interest to 3.46%.
2013
Winter Park Real Estate Market Stats in 2013
In 2013, a 188-point dip in inventory caused prices to jump 20.75%.
2014
Winter Park Real Estate Market Stats in 2014
2014 saw more growth, as prices increased again by 5.62%.
2015
Winter Park Real Estate Market Stats in 2015
A steep decline in inventory in 2015 caused yet more appreciation, as average Winter Park home price rose another 9.47%.
2016
Winter Park Real Estate Market Stats in 2016
Prices didn't change much in 2016, as at 8,590, the inventory was almost identical to that of 2015.
2017
Winter Park Real Estate Market Stats in 2017
Growth accelerated again in 2017, with the statistics showing a 10.31% increase in price over the year before.
2018
Winter Park Real Estate Market Stats in 2018
However, in 2018, year-over-year sales fell 20.46%.
2019
Winter Park Real Estate Market Stats in 2019
But 2018 was just a bump in the road.
By the end of 2019, sales were up 25.23% over the previous year.
2020
Winter Park Real Estate Market Stats in 2020
Rather than slow Florida's growth, COVID accelerated it.
And we can see it in Winter Garden's housing market statistics.
As people migrated to Florida, prices climbed 14.58%, while sales increased by 20.36%.
2021
Winter Park Real Estate Market Stats in 2021
Looking at the past 13 years' worth of data, we see a story dominated by growth.
And COVID accelerated it.
Therefore, we at Authentic Real Estate Team forecast that growth will continue well into the new year!
Orlando Real Estate Market
Not set on Winter Park just yet?
With over 100 distinct neighborhoods to choose from, you’re sure to find the perfect area in Greater Orlando for your needs.
For a more general look at the Orlando real estate market, check out our comprehensive January, 2021 overview today!
A Winter Park Realtor for All Your Needs
Winter Park boasts an array of home types.
And as the premier Winter Park real estate agent, Authentic Real Estate Team has them all!
Single-Family Homes for Sale in Winter Park
Single-family homes for sale in Winter Park FL appreciate faster than other home types.
Because few buyers want to pay more for a property they'll also have to shell out maintenance fees for.
Condos and Apartments for Sale in Winter Park
However, as a popular place to retire or winter, there is a strong market for condos for sale in Winter Park.
Townhomes for Sale in Winter Park
Townhomes for sale in Winter Park give you great locations at great prices!
Pool Homes for Sale in Winter Park
A private pool dramatically increases your appeal for renters.
And Authentic Real Estate Team is your premier source for homes for sale in Winter Park FL with pool!
Lakefront Homes in Winter Park
Thanks to the Winter Park Chain of Lakes, Winter Park lakefront homes for sale are abundant.
Making it possible to find the perfect waterfront home, at the perfect price, for you!
Homes with Guest House for Sale in Winter Park
Homes for sale with guest house in Winter Park FL are the perfect way to house your friends for the weekend.
Or to house tenants for the year!
New Homes for Sale in Winter Park
A new-construction home promises fewer maintenance issues and higher appeal for renters.
Count on Authentic Real Estate Team to help you get the price you deserve on new homes for sale in Winter Park.
Luxury Homes for Sale in Winter Park
Winter Park is one of Central Florida's premier luxury home markets.
And as Central Florida’s premier luxury home broker, Authentic Real Estate Team can help you find the right luxury homes for sale in Winter Park FL for your needs.
Vacation Homes for Sale in Winter Park
With Disney, Universal Studios, and SeaWorld less than a half hour away, Winter Park vacation homes for sale make the ultimate homes away from home.
Villas for Sale in Winter Park
Winter Park villas for sale are the ultimate luxury lodging option for your next Central Florida vacation.
And for years of vacations to come!
Community Homes for Sale in Winter Park
As one of Winter Park’s most exclusive gated communities, Hawk’s Crest affords you added safety and luxury amenities in a prestigious location.
Hawk’s Crest
Hawk’s Crest is a luxury community of brand-new townhomes and single-family houses by Meritage Homes.
Perks include a gated entrance, eco-friendly builds and utilities, sparkling lakes, and zoning for top-rated public schools.
Moreover, it’s just half an hour away from Orlando’s world-famous parks.
Including Disney, Universal Studios, and SeaWorld.
The Numbers Don't Lie: There's Never Been a Better Time to Invest in Winter Park
The results are in, and the numbers don't lie.
Now is the time to find your real estate investment home in Winter Park.
With prices on the rise, and interest rates at all-time lows, conditions are ideal to maximize your ROI.
But these conditions won't stick around forever.
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