Housing Market in Windemere Comparison 2012 to 2013 is a must read for those looking to buy homes in this area. Starting February 2012, the housing market seemed to be in an upward swing. In 2013, we saw the crazy offers and as many might like say the formation of another bubble. Interest rates were so low, it pushed many buyers to take the plunge, especially many who had been waiting on the fence hoping for the mysterious shadow inventory to hit the market.
But July and August were much quieter months. Does that mean prices are coming down? No. They are in stabilization mode. If we look at the inventory, we are still in a sellers market but this chart comparison shows you the real picture of what transpired between 2012 and 2013 for Townhouses in Windemere: The averages in 2013 July are actually higher than the averages in 2006. The price increase from July 2012 to July 2013 is nearly 30%.
Detached homes in Windemere have seen a big appreciation too. Nearly 18% increase in prices for a lesser average on square footage.
We are coming out of a downturn of 7 years. This market will stay on an upward trend. It’s not going to be as bullish in the coming months but a steady appreciation is on the cards, only if everyone plays it right. Now that the investor band wagon left town, we will see more people buying for living in these homes and hopefully everyone gets the opportunity to live the dream of home ownership.