MJ

Prices have definitely fallen to pre bubble levels from what I see, but will most likely need to fall even further. There are SO many foreclosures, short sales and bank owned sales in this area (particularly the summerport neighborhood) that the average sales price is vastly diminished. Homes in Windermere proper which would have sold for 900,000+ a few years back, are now in the 400-600 range, and they are not selling. It seems that prices in downtown old windermere are fair when considering what they were, and hopefully will be in the future, but they still look high compared to all the short/bank sales. When sellers are forced to compete with the staggering number of bank sales, they have to drop even further. - Mon Oct 5 2009, 08:37

I am selling my home in Lake Sheen Reserve as well. It is a great community, quiet and pretty, and very well kept. I am surprised to hear that some consider it remote. I think the location is ideal, just between Dr Phillps and Windermere. You get all the benefits of both areas, but not all the unwanted activity (like the recent hike in burglaries along Apopka/Vineland in Dr Phillps) and congestion. Take a look for yourself, to each their own, but I believe the neighborhood is worth a look. Our lots are larger, and the access to the Butler Chain of Lakes is a very nice feature. - Fri Jul 10 2009, 05:54

I am not a realtor, I am just someone who had looked into living in Celebration previously. I think it is beautiful over there and the neighborhood feel has always appealed to me. Why did we not buy there? High association dues and demands, rampant termite damage in SO many homes, and we heard startling things about the schools there. Also we have never heard anything positive about Celebration from anyone who had lived there previously, or who lived in the nearby areas. Of course, this is all third person, but it was telling to us. I wouldn't say to rule it out, I know prices there have dropped considerably as of late too, but you may want to consider some other areas as well. Dr Phillps (zip 32836) and Windermere (zip 34786) are both also near Disney and offer many lovely neighborhood options. - Thu May 7 2009, 16:03