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Avalon Park Real Estate Market Update for the week ending 09/27/2008

By
Real Estate Agent with RE/MAX Downtown SL3136190

This was originally posted on the Central Florida Real Estate Blog

Date

08/23

08/30

09/13

09/20

09/27

Current Properties for sale in Avalon Park

395

404

395

400

398

Foreclosures properties listed since last posting

174

7

9

3

6

New Non-Foreclosure listings since last posting

61

11

11

11

13

Total properties sold in Avalon Park since last post

16

2

7

1

3

Sold Foreclosures in Avalon Park since last posting

3

1

1

0

0

Non-Foreclosures sold since last post

13

1

6

1

3

Total properties under contract

81

80

88

87

94

Foreclosures under contract in Avalon Park

59

 

45

47

48

Non-Foreclosures pending in Avalon Park

22

 

43

40

46

I have yet to be able to determine exactly how many homes have been built in Avalon Park because some builders are still building. Naturally this fact affects the outcome of these reports, but for simplistic reasons the number that matters is the current properties for sale. As of Saturday 09/27/2008 there were 398 properties actively for sale and another 94 that are pending sale, and could be added, but we will not. So out of the 398 homes, 173 of them are in foreclosures which equates to 44% of Avalon Park homes for sale are in foreclosure. Also out of the 398 homes, there are a total of 17 properties that have already been foreclosed upon and are considered bank owned. If you would like to see a list of the bank owned properties for sale in Avalon Park, just give me a call, and I will email you the list. If you are unfamiliar with the procedure of buying a bank owned property or a foreclosure property, I will be more than happy to explain the procedure as well as help you through the process.

As you noticed, there were 3 properties that sold this past week. The Avalon Park homes that solde were:

Street Bed Ba Sq Ft Pool Built Listed $ ADOM Sold % of List Price
16220 BIRCHWOOD 4 3 2526 Y 2005 375,000 266 320,000     85.3%
14080 OCEAN PINE 5 2.5 2790 N 2004 222,300 133 200,000     90.0%
1744 SAFFRON PLUM 4 2.5 3213 N 2005 250,000 18 245,000        98.0%

This report provided by Brady Pevehouse, an agent of Perrone Realty specializing in Orlando Florida Real Estate and Avalon Park Real Estate

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