March 2010 Market Report
This March, we’re excited to announce that our first annual Winter Park 2009 Real Estate Year in Review is now available for download. A look back at the challenges and successes of 2009 and a look forward at the challenges and opportunities that lie ahead, this review will cover:
- The challenges and opportunities of 2009
- The ongoing stabilization of inventory and prices
- Detailed numbers on Winter Park’s sales and listings last year
- A closer view of The Village today, with shops,dining and adventures new and old
Download your copy of the 2009 Real Estate Year In Review here.
February 2010 Market Report
Overall, what happened in the real estate market in 2009 was not a big surprise. Much like second-home real estate across North America, Fraser Valley experienced a down year in terms of overall dollar volume and number of transactions. However, with a market correction there are buying opportunities and
we’re seeing market conditions and pricing that hasn’t been seen since 2001-2002. And we don’t expect to see a buying opportunity like this again any time soon.
If we dig a bit deeper into the data there are signs that the market may be stabilizing. Consider what the last three years would have looked like if you record the sales at Fraser Crossing and Founders Pointe when they were actually sold (homes that went under contract in 2006, but closed in 2008) we find that the market was actually flat in 2009. Time will tell how quickly the market recovers, but the signs point to a more stable overall second-homemarket in Fraser Valley.
December 2009 Market Report
Since July 2009, a total of 63 condominiums have closed in Winter Park, including 96% of the available homes at Fraser Crossing and Founders Pointe. That’s a sales volume of more than $16 million, with more than $5 million (22 homes) closed by our expert team. Real estate values are increasing and excitement around The Village continues to grow.
Click here to download a free market analysis.