The breakdown of the 215 homes available, are made up of  31 bank owned and 124 short sales in Avalon Park. The remaining properties of the 215 are traditional sales.

Of the 287 Pending (PNC) contracts in Avalon Park, below is the number of properties that had contracts submitted on them for the given months. This was done to demonstrate the number of days it takes to approve / close a short sale or REO property. Of course some that fall within the less than 30 days old and a very few that are 30 to 60 days old may be a typical sale, but from these numbers you can bet that some if not many will not achieve the first time buyer credit because they will fail to close before the 6/30/2010 deadline.
Under contract: Less than 30 days old        84           May Contracts
Under contract: 30  to 60 days old            100          April Contracts
Under contract: 60 to 90 days old              38           March Contracts
Under contract: 90 to 120 days old            20           February Contracts 
Under contract: 120 days plus                   44           Before January 31 Contracts

Here is the list of what sold in Avalon Park for the Month of May 2010. These numbers only pertain to Avalon Park Real Estate

It is no secret the sales prices are all over the place, and trying to determine a good value has so many variables, that each property should be based on an individual valuation, rather than an average as a whole. Short sales are still selling, but the time to close the transaction on average still is high.

This report provided by Brady Pevehouse, an agent of Perrone Realty specializing in Orlando Homes for Sale and Avalon Park Homes for Sale

Currently there are 72 properties on the market within Baldwin Park, making up the Baldwin Park Real Estate scenario. Of these 72 properties ZERO are bank owned and 19 of them are considered a short sales and currently available and on the market for sale.

When we look at what is under contract within Baldwin Park, we see there are 63 properties that have recieved a contract. Below is a breakdown of when those contracts were received. This is added this month to show you how long it is taking to close actual homes. Next month, you might do a comparison to see how many of the 23 properties that went under contract in May, actually sold, and the same would hold true for January thru April. We can not add number of properties under contract for a given month, considering that month has passed. For instance, looking at February, there were actually 14 properties that went under contract that month, and today as of 5/31 only 2 remain on the market waiting to close.
Of the 7 properties that are 120 days or older, 1 is from August, 1 from September, 2 are from October, 1 November, and 2 December. The 12 properties from January that received contracts that month have closed already.

Existing Contracts Less than 30 days old              23           May
Existing Contracts 30  to 60 days old                   21           April
Existing Contracts 60 to 90 days old                    10           March
Existing Contracts 90 to 120 days old                    2           February
Existing Contracts 120 days +                              7            Before January 31

This report provided by Brady Pevehouse, an agent of Perrone Realty specializing in Orlando Real Estate and Baldwin Park homes for sale.

College Park currently has 248 properties for sale, and of the 248 homes for sale in College Park, 25 of them are bank owned (REO) and 48 of them are considered short sales.  These of course are still available for sale today (June 1, 2010)

There are currently 71 college park homes that have received contracts which are considered Pending (PNC). Below is a chart that shows of the 71 homes which have contracts, when those contracts were received. Within College Park, it doesn’t appear that the First Time Buyers Credit has stalled sales, as it might have in other areas, but this is likely due to the demand for the College Park address, being close to downtown Orlando.

Contracts received that are Less than 30 days old          24           May
Contracts received that are 30  to 60 days old               18           April
Contracts received that are 60 to 90 days old                12           March
Contracts received that are 90 to 120 days old                3           February
Contracts received that are 120 days +                         10           Before January 31

Now on to the sales within College Park!
Naturally anyone interested in College Park Real Estate, wants to know what has sold, just as much as they want to know what is for sale. Therefore below is a list of what has sold in College Park for the month of May, 2010. These College Park properties are arranged according to their sales price and list the date of sale as well.

This report provided by Brady Pevehouse, an agent of Perrone Realty specializing in Orlando Real Estate and College Park homes for sale.

This real estate market report for Oviedo, Florida shows that although the First Time Home Buyer Credit ended April 30′th the actual properties sold in Oviedo did not increase, while the number of properties under contract did see a decent increase, especially for distressed properties.
Oviedo still has 170 Distressed (Short Sales 136 & REO's 34) out of the 411 active properties on the market. This is 42% of the properties available that the bank has already foreclosed on, or that have owners who are trying to sell who are unable to satisfy the mortgage in full for a typical straight (non-3rd party approval) sale. The true benefits of the First Time Home Buyer Credit and Second Time Home Buyer Credit will not be obvious until Late June or July due the duration it takes the bank to approve the sale. While the credit is only available for the homes that close prior to July 1st, it will be interesting to see if many contracts fall apart as of mid June, when it will be obvious that the potential buyers will not receive the tax credit.
Be sure to drop back by the first week of June, when we will run the report for May activity to see how fast the banks are actually closing the distressed sales, which has been a constant problem. Statistically banks are still taking 90 to 120 days to approve contracts and added to that is the 30 to 45 days needed to close by the buyers which is why I believe many sales will fall apart.

Here is a list of what sold in Oviedo during the month of April

One of the interesting facts that many people fail to realize when buying a distressed sale, is not only do they get a deal on the purchase price, but what is not accounted for is the cost to renovate or make ready cost associated "AFTER THE SALE". So please keep in mind that the cost per square foot may be low, the buyer may have had to invest thousands of dollars repairing or renovating the home that does not show in the sale price. So if you are looking at a foreclosure, short sale or bank owned, please keep this in mind.

If you would like more information on any of the properties available, or even the properties that sold, please give Brady Pevehouse a call at (407) 374-3123 and I will be more than happy to attempt to get you as much information possible.

This report provided by Brady Pevehouse, an agent of Perrone Realty specializing in Orlando Real Estate and Oviedo homes for sale.

If you are interested in Oviedo Homes For Sale, please give us  call!

The information below includes the College Park community but also some exterior lying areas due to the report including all properties located within the 32804 zip code. For those people extremely familiar with College Park Real Estate, you know the typical boundaries, therefore for those not that familiar with College Park, but are interested in a great community located just minutes from down town, I invite you to give you a call so that you might learn what a treasure exist just a hop away from Downtown Orlando.

Currently College Park Real Estate active properties that are for sale, includes 66 distressed properties out of the total 239 homes for sale. This equates to 28% of the homes for sale in College Park are distressed by either being a short sale or bank owned / REO.

Below are the sales that occurred in the College Park area for the Month of April. If you would like more information regarding any of the past sales, I can provide this to you via email. This information might be helpful for those interested in selling or even updating their home. It helps to be aware of real estate activities before making modifications to your home to ensure you do not over improve, or even under improve while compared to your area competition either now or in the future.

This report provided by Brady Pevehouse, an agent of Perrone Realty specializing in Orlando Real Estate and College Park homes for sale.

This is the market information regarding College Park which is a community located Near Downtown Orlando.

To date there are currently 10 bank owned homes for sale within the College Park Community and there are also 46 short sale opportunities in College Park. Considering there are 46 out of the total
259 properties for sale in the College Park area, which equates to approximately 18% of the properties for sale within College Park are foreclosures. This does not mean that there are only 46 foreclosures in College Park, it just means there are only 46 foreclosures currently for sale within the College Park Community and there are others that are in foreclosure, just not represented on the Orlando MLS.

Here are the sold properties from the past week ending 11/12/09

The properties labeled with a "B" stand for Eastwood Bank Owned properties that sold and the property with "F" illustrate a short sale that sold in pre-Foreclosure.

This report provided by Brady Pevehouse, a full time agent of Perrone Realty specializing in College Park homes for sale and College Park Foreclosures.

This is the most recent market information for Waterford Lakes Real Estate. Waterford Lakes is located in East Orange County and part of unincorporated Orlando Florida bordered by the Waterford Lakes Shopping Center.

To date there are currently 13 bank owned homes for sale in Waterford Lakes and there are also 46 short sale opportunities in Waterford Lakes. Considering there are 46 out of the total 94 properties for sale in Waterford Lakes, which equates to approximately 49% of the properties for sale in Waterford are foreclosures. This does not mean there are only 46 foreclosures in Waterford Lakes, it just means there are only 46 foreclosures currently for sale in Waterford Lakes and there are many that are in foreclosure, just not represented on the Orlando MLS.

Here are the sold properties from the past week ending 11/11/2009

The properties labeled with a "B" stand for Waterford Lakes Bank Owned properties that sold and the property with "F" illustrate a short sale that sold in pre-Foreclosure.

This report provided by Brady Pevehouse, an agent of Perrone Realty specializing in Waterford Lakes Real Estate and homes for sale and Waterford Lakes Foreclosures.

This is the market information for Avalon Park Real Estate, located in East Orlando Florida.

To date there are currently 16 bank owned homes for sale in Avalon Park and there are also 110 short sale opportunities in Avalon Park. Considering there are 110 out of the total 185 properties for sale in Avalon Park, which equates to approximately 59% of the properties for sale in Avalon Park are foreclosures. This does not mean there are only 110 foreclosures in Avalon Park, it just means there are only 110 foreclosures currently for sale in Avalon Park and there are many that are in foreclosure, just not represented on the Orlando MLS.

Here are the sold properties from the past week ending 11/10/2009

The properties labeled with a "B" stand for Avalon Park Bank Owned properties that sold and the property with "F" illustrate a short sale that sold in pre-Foreclosure.

This report provided by Brady Pevehouse, an agent of Perrone Realty specializing in Avalon Park Real Estate and homes for sale and Avalon Park Foreclosures.

This is the market information regarding Eastwood, a community located in East Orlando composed of 2021 single-family homes, located in Orange County Florida.

To date there are currently 2 bank owned homes for sale within the Eastwood Community and there are also 9 short sale opportunities in Eastwood. Considering there are 9 out of the total 36 properties for sale in Eastwood, which equates to approximately 25% of the properties for sale within Eastwood are foreclosures. This does not mean there are only 9 foreclosures in Eastwood, it just means there are only 9 foreclosures currently for sale within the Eastwood Community and there are others that are in foreclosure, just not represented on the Orlando MLS.

Here are the sold properties from the past week ending 11/09/09

The properties labeled with a "B" stand for Eastwood Bank Owned properties that sold and the property with "F" illustrate a short sale that sold in pre-Foreclosure.

This report provided by Brady Pevehouse, an agent of Perrone Realty living within and specializing in Eastwood homes for sale and Eastwood Foreclosures.