Oviedo, Seminole County, FL – Market Sales Statistics for May ‘08

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The following are the market sales statistics for Oviedo, Seminole County, Florida for May 2008. Oviedo is made up of the zip codes of 32765 & 32766, which is partly considered Chuluota. For purposes of this analysis we are only splitting the data according to single-family homes vs, condominiums, townhomes and villas.

There needs to be a disclaimer here. These stats are only as good as telling us what it being purchased and happening at a certain period in time. Additionally, it needs to be fully understood that not only is real estate local, but it is hyper-local. What this means is that the trends that we hear about are overall. Let's put it this way, what's happening in one neighborhood, may not be realized in the neighborhood next door. It is all relative and this has to be understood when utilizing these stats.

Single-Family Homes

59 homes sold during the month of May.

The average sales price, which is the total sold volume divided by the number of homes sold is $290,269 with 166 days on the market.

The median sales price, which means that 50% of the homes sold for more and 50% of the homes sold for less, is $259,000.

The most expensive home sold for $725,000 and was on the market for 290 days. It was a 5 bedroom, 4 bath, 3-car garage home in 3721sf built in 2000 on .37 acre in a gated community with a swimming pool and spa, summer kitchen, granite countertops, stainless steel, jacuzzi, tile, wood and stainless steel Murphy bed. The community offers a playground with a HOA of $1200/year.

The least expensive home sold for $140,500 after 37 days on the market. It was a bank-owned 3 bedroom, 2 bath, 2-car garage 1393sf home built in 1986 on .20 acre. The lender was offering closing costs and a selling agent bonus. The community offers a playground with an HOA of $135/year.

The average sales price for the same period a year earlier was $338,724 with 118 days on the market.

Condos, Townhomes & Villas

16 homes sold

The average sales price was $180,158 with 217 days on the market.

The median sales price was $179,500.

The most expensive sold for $232,490 and was new construction. It was a 3 bedroom, 2½ bath 1671sf townhome with a 2-car garage with tile, 42" cabinets, Jacuzzi, wood floors and more. This gated community offers a pool with a maintenance of $405/quarter.

The least expensive sold for $139,000 after 249 days on the market. It was a 2 bedroom, 2 bath 975sf condo built in 1991 with tile floors throughout. The community offers a pool, tennis courts and playground with a maintenance of $208/month.

The average sales price a year earlier was $211,730 with 78 days on the market.