What’s Ahead in Q3
Winter Garden continues to be one of the best places to live and work in Central Florida, evidenced by the innovative master-planned communities being built, the luxury apartments going up, and the thriving job market. Great schools, a diverse community, a hot real estate market, and the small-town charm make Winter Garden a popular destination for both new residents and businesses.
As one of the leading real estate teams in the area, it’s our job to stay on top of current real estate trends and have a clear understanding of the state of the Winter Garden real estate market as we enter the second quarter of 2023. We want to share this information with you so that when it comes time to buy or sell property here, you can make a confident and informed decision.
Winter Garden Real Estate Market Overview
Real estate experts have different thoughts and predictions about what the real estate market will do as we enter the second half of the year, but almost everybody can agree on one thing: the Winter Garden real estate market remains strong and stable, with the healthy combination of buyers, sellers, and investors. While master-planned communities with luxury homes and amenities seem to be popping up all around the city, the real estate market features a careful balance of single-family homes, luxury apartments, townhouses, and condos. The average home price in Winter Garden is around $400,000 and homes tend to stay on the market for around 30 to 35 days.
The data shows that the local real estate market has experienced steady growth over the past few years, and the same can be expected as we work through the second quarter of 2023. Some of the reasons why more and more families have their eye on Winter Garden include:
Favorable Climate
Winter Garden has a humid subtropical climate with hot summers and mild winters. Summer here can get hot and humid, but locals love spending time at the local splash pads, boating on the area’s gorgeous lakes, and swimming in community swimming pools. Being only a little over an hour from the coast, Winter Garden locals can easily enjoy the beach all year long. The average temperature in January, the coldest month, is around 60°F while the average temperature in July, the warmest month can reach into the triple digits.
Central Location
Many locals have annual passes to the theme parks, since they’re just an easy 20 minute drive away. Winter Garden’s central location makes it easy to get to Disney, Universal, Sea World and other major attractions. We are less than 30 minutes from downtown Orlando, a little over an hour to the beach, and neighbors beautiful and expanding neighborhoods like Clermont, Minneola and Kissimmee. Whether you love lakes, beaches, theme parks, or beautiful nature, you can find it all here in Central Florida! We truly live where others vacation.
Strong Sense of Community
There always seems to be something going on in Winter Garden. The community calendar is packed with festivals, family-centered activities, community garage sales, live music events, art shows, wine walks, and a nationally recognized Farmer’s Market. Libraries have classes and activities for people of all ages, the Garden Theatre is a great place to catch a live show, and locals look forward to annual events like Spring Fever in the Garden and the annual Christmas Golf Cart Parade.
Highly Rated Schools in Winter Garden
Local families have plenty of choices when it comes to education for their kids. Some of the best public schools in the area are Windermere High School, Bridgewater Middle School, Whispering Oak Elementary School, Lake Whitney Elementary School and Independence Elementary School.
Some of the highest rated private schools in the area include Windermere Preparatory School, Foundation Academy and Montessori of Winter Garden Charter School.
There is also a growing homeschooling community in and around Winter Garden, with co-ops, enrichment classes and other resources designed to bring homeschooling families together.
Buyer’s Market or Seller’s Market
Another important thing to know as we move into the third quarter of 2023 is that the Winter Garden real estate market is a seller’s market. This usually happens when demand is high and supply is low, and allows sellers to raise their asking price because they know enough buyers are looking for homes in the area that will be willing to pay it. This often results in a bidding war and gives sellers the freedom to choose from multiple offers. The thriving job market and a healthy economy are bringing in new residents and businesses, which creates a strong demand for homes in Winter Garden.
However, just because the Winter Garden real estate market is favorable towards sellers right now, doesn’t mean that buyers can’t also find great deals. The key is to work with a local and knowledgeable real estate team that knows the area, knows what properties are available, and can make sure you are ready to submit an offer as soon as a house comes on the market.
Q3 Winter Garden Expectations
While it’s impossible to know exactly what the real estate market will do in the coming months, experts can agree that current trends will prevail. Each week new businesses are moving into the area, which means a continued demand for homes and apartments in Winter Garden. Like any major city, real estate experts in Winter Garden are keeping a close eye on short-term interest rates, the performance of the US Labor market, and population growth to make predictions about how these issues will directly impact the Winter Garden real estate market.
There always seems to be a new neighborhood or apartment community popping up in Winter Garden. This is good news for the historic city, as new construction will continue to expand the area and add to the available inventory of homes. There are plans for master-planned communities, townhouses, single-family homes, and condominiums to be built nearby in the coming months, which will provide a variety of options for interested buyers.
To Wrap It Up:
It’s a good time to live and work in Winter Garden. The second half of the year will be much like the first: favorable towards sellers but still open for buyers looking for single-family homes, apartments, and townhomes in a charming and historic community. New construction will create more options for buyers, and more opportunities for new businesses to grow and existing businesses to expand.
If you’re looking to buy or sell in Winter Garden, there are two things you should do:
- Do your research so you have a basic understanding of the status of the Winter Garden real estate market
- Connect with the Erica Diaz team so we can share our extensive knowledge of the Winter Garden real estate market with you and help you make a confident and informed financial decision.
Let’s Get Started!
If you’re getting ready to buy or sell in Central Florida, the best thing you can do to set yourself for success is connect with a professional on the Erica Diaz team. We can give you suggestions based on your budget, timeframe, and financial goals and work alongside you to help you understand the Winter Garden real estate market.
: 407.951.9742: info@ericadiazteam.com
