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.
|
Jan |
Feb |
March |
April |
May |
|
|
Properties for sale in Oviedo |
411 |
||||
|
Foreclosure properties listed since last post |
170 |
||||
|
New Non-Foreclosure listings since last post |
241 |
||||
|
What's sold in Oviedo since last post |
32 |
54 |
58 |
59 |
|
|
Foreclosures in Oviedo since last post |
19 |
27 |
29 |
29 |
|
|
Non-Foreclosures sold since last post |
13 |
27 |
29 |
30 |
|
|
What's under contract |
248 |
||||
|
Foreclosures under contract in Oviedo |
172 |
||||
|
Non-Foreclosures pending in Oviedo |
76 |
Here is a list of what sold in Oviedo during the month of April
|
Address |
Zip |
Beds |
Baths |
Sq Ft |
List $ |
Pool |
ADOM |
Sold $ |
SP/SqFt |
SS/REO |
|
1910 SUMMER CLUB DR #102 |
32765 |
2 |
2 |
975 |
49,900 |
35 |
48,000 |
49.23 |
REO |
|
|
1920 SUMMER CLUB DR #114 |
32765 |
2 |
1 |
871 |
51,900 |
28 |
48,500 |
55.68 |
REO |
|
|
1989 SUMMER CLUB DR #113 |
32765 |
2 |
2 |
975 |
69,900 |
4 |
60,500 |
62.05 |
SS |
|
|
2271 SUNNYVIEW DR |
32765 |
3 |
1.5 |
1536 |
59,900 |
11 |
61,000 |
39.71 |
REO |
|
|
128 RESERVE CIR # 208 |
32765 |
2 |
2 |
1098 |
95,900 |
8 |
88,000 |
80.15 |
||
|
1002 STOUT CT |
32765 |
3 |
2 |
1690 |
125,000 |
624 |
125,000 |
73.96 |
SS |
|
|
404 PENNY ROYAL PL |
32765 |
3 |
2.5 |
1689 |
139,900 |
149 |
135,000 |
79.93 |
||
|
1003 BLACK WILLOW |
32765 |
4 |
2 |
1571 |
136,900 |
12 |
136,900 |
87.14 |
REO |
|
|
3140 S HORIZON PL |
32765 |
3 |
2 |
1317 |
139,900 |
9 |
139,900 |
106.23 |
||
|
192 BURNSED PL |
32765 |
3 |
2 |
1359 |
149,900 |
117 |
140,000 |
103.02 |
||
|
2223 SUNNYVIEW DR |
32765 |
3 |
2 |
1464 |
145,000 |
Y |
22 |
144,000 |
98.36 |
|
|
4234 S JODHPUR CT |
32765 |
4 |
2.5 |
2469 |
145,000 |
397 |
145,000 |
58.73 |
SS |
|
|
1015 VANNESSA DR |
32765 |
3 |
2 |
1522 |
141,900 |
239 |
147,000 |
96.58 |
SS |
|
|
1017 HORNBEAM ST |
32765 |
3 |
2 |
1635 |
140,000 |
252 |
149,000 |
91.13 |
SS |
|
|
54 CHIPPENDALE TER |
32765 |
3 |
2.5 |
1625 |
148,000 |
109 |
151,700 |
93.35 |
SS |
|
|
51 CANTERBURY BELL DR #3 |
32765 |
3 |
2.5 |
1578 |
169,990 |
27 |
153,000 |
96.96 |
||
|
5113 CYPRESS BRANCH |
32765 |
3 |
2.5 |
1656 |
154,900 |
139 |
154,900 |
93.54 |
REO |
|
|
1038 MANIGAN AVE |
32765 |
3 |
2 |
1420 |
169,900 |
35 |
155,000 |
109.15 |
||
|
2672 RUNNING SPRINGS |
32765 |
4 |
2 |
1970 |
179,500 |
Y |
3 |
155,000 |
78.68 |
REO |
|
598 N DIVISION ST |
32765 |
3 |
2 |
1556 |
174,000 |
147 |
159,000 |
102.19 |
SS |
|
|
581 LYNN ST |
32765 |
3 |
2 |
1544 |
167,881 |
183 |
163,000 |
105.57 |
||
|
1031 GORE DR |
32765 |
3 |
2 |
1706 |
175,000 |
68 |
168,000 |
98.48 |
||
|
163 WINDFLOWER WAY |
32765 |
3 |
2.5 |
1664 |
179,982 |
106 |
169,987 |
102.16 |
||
|
555 APPLETON PL |
32765 |
4 |
2 |
1847 |
179,900 |
25 |
170,000 |
92.04 |
||
|
5827 PINE GROVE RUN |
32765 |
4 |
2 |
2116 |
187,500 |
Y |
48 |
172,000 |
81.29 |
REO |
|
1618 CANTON LN |
32765 |
3 |
2.5 |
1620 |
174,900 |
Y |
31 |
175,000 |
108.02 |
SS |
|
538 N DIVISION ST |
32765 |
3 |
3 |
2551 |
187,700 |
60 |
177,000 |
69.38 |
REO |
|
|
1673 LAKELET LOOP |
32765 |
4 |
2 |
1846 |
185,000 |
197 |
185,000 |
100.22 |
SS |
|
|
215 EASTON CIR |
32765 |
3 |
2 |
1559 |
197,805 |
Y |
14 |
189,000 |
121.23 |
|
|
8459 CHAMBERLAIN PL |
32765 |
3 |
2.5 |
1691 |
197,674 |
49 |
198,013 |
117.1 |
||
|
1715 LAKELET LOOP |
32765 |
4 |
2 |
2217 |
199,900 |
15 |
200,000 |
90.21 |
REO |
|
|
2776 CYPRESS HEAD |
32765 |
4 |
3 |
2156 |
201,000 |
8 |
201,000 |
93.23 |
REO |
|
|
459 EASTBRIDGE DR |
32765 |
4 |
2.5 |
2178 |
222,900 |
45 |
217,000 |
99.63 |
||
|
580 CARRIGAN AVE |
32765 |
4 |
2 |
2082 |
229,900 |
30 |
218,000 |
104.71 |
||
|
789 S LAKE CLAIRE CIR |
32765 |
4 |
3 |
2540 |
234,900 |
16 |
230,000 |
90.55 |
||
|
7536 BRIGHTWATER PL |
32765 |
4 |
3 |
2198 |
249,900 |
Y |
76 |
235,000 |
106.92 |
REO |
|
2712 CYPRESS HEAD |
32765 |
4 |
3 |
2156 |
244,900 |
Y |
73 |
244,900 |
113.59 |
|
|
1335 MACTAVANDASH |
32765 |
3 |
2 |
2069 |
260,000 |
Y |
27 |
250,000 |
120.83 |
|
|
1145 NEEDLEWOOD |
32765 |
4 |
2 |
2162 |
264,900 |
Y |
43 |
250,000 |
115.63 |
|
|
1847 LAKELET LOOP |
32765 |
4 |
3.5 |
2800 |
225,000 |
Y |
89 |
250,000 |
89.29 |
SS |
|
2210 BLOSSOMWOOD |
32765 |
4 |
3 |
2352 |
269,900 |
Y |
13 |
259,000 |
110.12 |
|
|
553 WILMINGTON CIR |
32765 |
4 |
2.5 |
2686 |
299,900 |
Y |
436 |
260,000 |
96.8 |
|
|
351 REMINGTON DR |
32765 |
5 |
3.5 |
2916 |
260,000 |
Y |
339 |
260,000 |
89.16 |
SS |
|
925 COUNTRY CHARM |
32765 |
5 |
4.5 |
3501 |
309,900 |
88 |
294,900 |
84.23 |
REO |
|
|
7251 WINDING LAKE |
32765 |
5 |
4 |
3410 |
324,500 |
203 |
300,000 |
87.98 |
SS |
|
|
1453 ARBITUS CIR |
32765 |
6 |
4 |
3300 |
405,000 |
Y |
477 |
330,000 |
100 |
|
|
335 SILVER SPRINGS DR |
32765 |
4 |
3 |
3313 |
349,000 |
Y |
11 |
351,593 |
106.13 |
|
|
3880 GOLDEN MEADOW |
32765 |
4 |
3 |
2574 |
372,000 |
Y |
182 |
355,000 |
137.92 |
|
|
911 WORTHINGTON CT |
32765 |
5 |
3 |
3205 |
365,000 |
Y |
21 |
360,000 |
112.32 |
|
|
1445 BROOKS LN |
32765 |
5 |
4.5 |
4069 |
629,000 |
73 |
550,000 |
135.17 |
||
|
1465 BROOKS LN |
32765 |
4 |
5 |
5101 |
1,295,000 |
Y |
292 |
1,195,000 |
234.27 |
|
|
2340 PINEBROOK CT |
32766 |
4 |
2.5 |
1792 |
155,000 |
45 |
162,500 |
90.68 |
SS |
|
|
1884 SHADOW PINE CT |
32766 |
3 |
2 |
1855 |
174,900 |
Y |
14 |
174,900 |
94.29 |
REO |
|
1358 CANDY APPLE WAY |
32766 |
3 |
2 |
1810 |
176,000 |
Y |
201 |
179,500 |
99.17 |
SS |
|
1357 TWIN RIVERS |
32766 |
4 |
2 |
2063 |
199,900 |
44 |
196,000 |
95.01 |
REO |
|
|
4177 HEIRLOOM ROSE PL |
32766 |
5 |
3 |
2410 |
199,900 |
67 |
200,000 |
82.99 |
REO |
|
|
3480 HOLLOW OAK |
32766 |
5 |
3 |
3006 |
399,900 |
14 |
362,500 |
120.59 |
||
|
4312 RAYWOOD ASH CT |
32766 |
4 |
3 |
3060 |
369,000 |
Y |
11 |
368,000 |
120.26 |
|
|
4000 BLUSHING ROSE |
32766 |
4 |
3 |
3104 |
389,900 |
23 |
370,000 |
119.2 |
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.
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