Someone must have forgotten to tell Oviedo homeowners that this is a buyers market, and that the competition for selling homes in Oviedo is fierce because as you will see below, Oviedo has continued to add new / additional homes for sale every week like they are going out of style. Yet everyone who is in the market to buy an Oviedo home for sale can realize this is a great bargaining chip to have on their side which is why I post these market updates!
As of the week ending Saturday 11/29/2008 Oviedo foreclosures number 128 out of the 576 total Oviedo homes for sale that require third party approval and are possibly being marketed at a price lower than what a lender will allow. Now I say this toungue in cheek because in reality some lenders are willing to consider lower offers if presented properly. I happen to know this because I spend my time also working as a short-sale negotiator assisting agents work with lenders so that other Real Estate agents may continue marketing their properties and know that a qualified and knowledgable person is working hard for them.
There are also currently 29 bank owned homes for sale in Oviedo that are always known as great deals because the bank has no choice but to get rid of these as quick as possible. So without boring you to much more with my babble here are the statistics:
|
Date |
AVG |
11/08 |
11/15 |
11/22 |
11/29 |
|
Properties for sale in the Oviedo, Florida |
633 |
570 |
590 |
610 |
576 |
|
Foreclosure properties listed since last post |
5 |
8 |
2 |
2 |
4 |
|
New Non-Foreclosure listings since last post |
23 |
27 |
18 |
18 |
14 |
|
What’s sold in Oviedo since last post |
8 |
30 |
8 |
7 |
13 |
|
Foreclosures in Oviedo since last post |
1 |
8 |
2 |
0 |
1 |
|
Non-Foreclosures sold since last post |
7 |
22 |
6 |
7 |
12 |
|
What’s under contract |
86 |
68 |
84 |
108 |
83 |
|
Foreclosures under contract in Oviedo |
30 |
27 |
32 |
38 |
31 |
|
Non-Foreclosures pending in Oviedo |
54 |
41 |
52 |
70 |
52 |
And here are the recent sales for Oviedo during the past week:
| Address | List $ | Sold $ | Beds | Bath | Sq Ft | Pool | DOM | Sold Date |
| 1969 SUMMER CLUB #103* | 58,900 | 55,000 | 1 | 1 | 576 | 112 | 11/21/2008 | |
| 1001 CONLEY DR | 169,000 | 165,000 | 3 | 2.5 | 1716 | 49 | 11/25/2008 | |
| 3861 SILVERBELL LOOP | 200,000 | 170,000 | 3 | 2.5 | 1480 | 32 | 11/21/2008 | |
| 2946 OAK HAMMOCK | 208,000 | 208,000 | 3 | 2 | 1687 | 27 | 11/25/2008 | |
| 483 EVENING SKY | 219,990 | 189,990 | 3 | 3.5 | 2243 | 59 | 11/25/2008 | |
| 490 LYNN ST | 225,000 | 210,000 | 3 | 2 | 1739 | 206 | 11/21/2008 | |
| 1096 NEW CASTLE | 260,000 | 245,000 | 4 | 3 | 2786 | Y | 22 | 11/25/2008 |
| 8875 ATWATER LOOP | 334,434 | 326,000 | 4 | 2.5 | 2361 | 4 | 11/24/2008 | |
| 2425 SHOAL CREEK | 349,900 | 330,000 | 4 | 2.5 | 3019 | Y | 221 | 11/21/2008 |
| 318 LAKEPARK TRL | 374,000 | 338,000 | 4 | 3 | 2834 | Y | 75 | 11/21/2008 |
| 925 HOLLY SPRINGS | 419,990 | 352,500 | 4 | 3 | 3073 | 34 | 11/25/2008 | |
| 65 STARLIGHT CT | 452,481 | 452,481 | 5 | 4 | 3773 | 369 | 11/26/2008 | |
| 2275 FOLIAGE OAK | 469,900 | 435,000 | 5 | 3 | 3560 | Y | 31 | 11/25/2008 |
In reference tot he list above of the Oviedo homes that sold, the first property was a bank owned home and the second was actually a short sale property that the lender approved and acepted less than what the previous owners owed on the property.
This report provided by Brady Pevehouse, an agent of Perrone Realty specializing in Orlando Florida Real Estate and Oviedo homes for sale.
|
Date |
AVG |
8-Nov |
15-Nov |
22-Nov |
|
Properties for sale in the Oviedo, Florida |
633 |
570 |
590 |
610 |
|
Foreclosure properties listed since last post |
5 |
8 |
2 |
2 |
|
New Non-Foreclosure listings since last post |
23 |
27 |
18 |
18 |
|
What’s sold in Oviedo since last post |
8 |
30 |
8 |
7 |
|
Foreclosures in Oviedo since last post |
1 |
8 |
2 |
0 |
|
Non-Foreclosures sold since last post |
7 |
22 |
6 |
7 |
|
What’s under contract |
86 |
68 |
84 |
108 |
|
Foreclosures under contract in Oviedo |
30 |
27 |
32 |
38 |
|
Non-Foreclosures pending in Oviedo |
54 |
41 |
52 |
70 |
These 7 sales occurred between 11/16/2008 and 11/22/2008. The properties denoted with an (*) were bank owned homes that sold within Oviedo.
|
Address |
List $ |
Sold $ |
Bed |
Bath |
Sq Ft |
Pool |
DOM |
Sold Date |
|
397 TIMBERWOOD * |
224,500 |
220,000 |
4 |
2.5 |
2240 |
Y |
103 |
11/17/2008 |
|
1002 S MAGEE CREEK |
224,900 |
210,000 |
3 |
2 |
1737 |
Y |
24 |
11/17/2008 |
|
490 LYNN ST |
225,000 |
210,000 |
3 |
2 |
1739 |
|
206 |
11/21/2008 |
|
629 PRINCE LN |
239,900 |
200,000 |
4 |
2.5 |
1971 |
|
343 |
11/17/2008 |
|
838 LIVE OAK LN |
250,000 |
244,000 |
4 |
2 |
2265 |
Y |
14 |
11/18/2008 |
|
2425 SHOAL CREEK |
349,900 |
330,000 |
4 |
2.5 |
3019 |
Y |
221 |
11/21/2008 |
|
2289 BLOSSOMWOOD |
499,000 |
465,000 |
5 |
3 |
3360 |
Y |
78 |
11/18/2008 |
To date there are still 137 foreclosure homes for sale in Oviedo out of the 610 total homes for sale in Oviedo. This equates to 22% of the homes for sale. There are also 29 current bank owned homes for sale in Oviedo Florida often available for quick lender approval and sometimes needing a little work. Therefore it is often the bank owned homes that can result in a GREAT DEAL for investors or first time homeowners, so if you are interested in a current list, be sure to give me a call at (407) 282-4525
This report provided by Brady Pevehouse, a full time agent of Perrone Realty specializing in Orlando Florida Real Estate and Oviedo homes for sale.
| Date | AVG | 8-Nov | 15-Nov |
| Properties for sale in the Oviedo, Florida | 633 | 570 | 590 |
| Foreclosure properties listed since last post | 5 | 8 | 2 |
| New Non-Foreclosure listings since last post | 23 | 27 | 18 |
| What’s sold in Oviedo since last post | 8 | 30 | 8 |
| Foreclosures in Oviedo since last post | 1 | 8 | 2 |
| Non-Foreclosures sold since last post | 7 | 22 | 6 |
| What’s under contract | 86 | 68 | 84 |
| Foreclosures under contract in Oviedo | 30 | 27 | 32 |
| Non-Foreclosures pending in Oviedo | 54 | 41 | 52 |
Below are the sales that have occurred over the past week ending Saturday 11/15/2008
| Address | List $ | Sold $ | Bed | Bath | Sq Ft | DOM | Sold Date |
| 14074 BRADBURY RD | 210,000 | 190,000 | 3 | 2 | 1903 | 115 | 11/14/2008 |
| 966 WILLOW BRANCH * | 224,900 | 219,900 | 5 | 2.5 | 2616 | 12 | 11/12/2008 |
| 16219 BRISTOL LAKE * | 227,500 | 230,500 | 3 | 3 | 2374 | 26 | 11/14/2008 |
| 13431 HIDDEN FOREST | 240,000 | 240,000 | 5 | 4.5 | 2840 | 267 | 11/14/2008 |
| 4960 ATWOOD DR * | 272,650 | 290,000 | 5 | 4 | 3336 | 13 | 11/10/2008 |
| 14503 WINDIGO LN | 278,260 | 260,000 | 4 | 3.5 | 2511 | 101 | 11/13/2008 |
| 13642 PODOCARPUS | 280,000 | 261,500 | 4 | 2 | 2297 | 91 | 11/14/2008 |
These 7 sales occurred between 11/09/2008 and 11/15/2008. The properties denoted with an (*) were bank owned homes within Oviedo. I do believe over the next few weeks we will begin to see more foreclosures begin to sell as many pending sales of foreclosures should begin to receive acceptance letters from lenders.
This report provided by Brady Pevehouse, a full time agent of Perrone Realty specializing in Orlando Florida Real Estate and Oviedo homes for sale.
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