Oviedo, like surrounding areas, is having huge oversupply of homes. The market currently has 10 months of unsold inventory. It also suffers from sluggish buyer demand. There is no short term forecast for improvement in market conditions. As of the end of July, there were 737 homes for sale. Only 72 have been sold over the past 30 days. The high price active listing is $727,000, with the low price at $149,000 and the average listed price at $339,612 ($156 per sq. ft.). In the sold category, the high price is $1,985,000, with the low price at $139,000 and the average sold price at $381,173 ($174 per sq. ft.).
Oviedo bases its roots in history and heritage, first settled by a group of Native Americans that were part of the Seminole tribe. However, Oviedo has emerged as a modern community with beautiful neighborhoods, high-caliber schools, notable shopping and dining establishments (Oviedo Marketplace Mall), and its major component, the University of Central Florida.
Originally named Florida Technological University when established in 1963, the university has since flourished and evolved into a major Florida university.
Oviedo's name is also tied to Spanish roots, associated with a city of the same name established in northern Spain in the 8th century.
Located just to the east of Orlando, it consists of a number of public parks and recreational facilities. Amenities include tennis, racquetball, softball, baseball, soccer, football, skating, fishing, nature trails, a gymnasium, an equestrian center, and an aquatics center. With several annual festivals, it is a popular destination for many area residents.
The city is currently planning to build a new downtown area adjacent to the current downtown location. It will be a mixed-use development with new apartments, single-family homes, townhomes, restaurants, and other retail establishments.
ZIP Code: 32765
Approximate Location Boundaries: West of 417 to North of Hwy 419 to East of Hwy 419 to South of Hwy 50
Location Characteristics: The story of Oviedo's history goes that it was first settled because of its accessibility to Solary's Wharf, a landing on Lake Jessup that provided merchants an opportunity to distribute the products of a year-round growing season. With merchants came settlers who recognized the natural beauty of Oviedo's lakes, rivers, and subtropical climate. Doctors offered convalescence on the shores of Lake Charm.
Today, Oviedo's beginnings are reborn. The arrival of a multitude of shopping, medical and retirement services supports the arrival of new "settlers" to Oviedo each day. Families enthusiastically enjoy Oviedo's noted beauty and charm exhibited along the Cross Seminole Trail.
The Greater Oviedo Chamber of Commerce supports the area's growth with a special merging of both new and old within the community. Here in Oviedo, you'll find capable city management insuring planned growth, expanding recreational facilities, fire and police services and diligent protection of Oviedo's natural resources. You'll also find friendly neighbors raising families in an excellent school system, which enables a person to go from preschool to post graduate degree, all within five miles of Oviedo.
High tech and professional jobs are mainstream for Oviedo, where income demographics are tops in Central Florida. Churches, civic and social groups round out Oviedo in a way that allows a hometown atmosphere to prevail in an ever-growing environment.
We invite you to join our merchants, professionals and manufacturers who are anxious to meet you and share with you that which has made Oviedo a special community for over 100 years.
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About Gitta Urbainczyk, P.A.:Hello there,
I am pleased to bring you the Market Condition Report. I have practiced the services of Real Estate for the past 17 years, and because my team serves all of Greater Orlando, I am familiar with most areas in the greater metropolitan area. Please feel free to contact me Toll Free . We will be able to provide you with more detailed relocation and subdivision information and home listings.
Sincerely,
Gitta
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