The following are the market sales statistics for Oviedo, Seminole County, Florida for August 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
67 homes sold during the month of August.
The average sales price, which is the total sold volume divided by the number of homes sold is $316,159 with 164 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 $290,000.
The sales to list price ratio, which means that the homes sold for 95% of their list price.
The most expensive home sold for $770,000 in Kenmure and was on the market for 41 days.
The least expensive home sold for $145,000 in Alafaya Woods after 78 days on the market.
The average sales price for the same period a year earlier was $345,573 with 149 days on the market and a sales to list price ratio of 96%.
Condos, Townhomes & Villas
6 homes sold
The average sales price was $133,135 with 160 days on the market.
The median sales price was $120,000.
The sales to list price ratio is 94%.
The most expensive townhome sold for $192,782 in Provenance and was new construction.
The least expensive condo sold for $79,400 in Villas at Lakeside after 110 days on the market.
The average sales price a year earlier was $218,259 with 66 days on the market and a sales to list price ratio of 99%.
For information on Oviedo and Seminole County real estate and Oviedo and Seminole County homes for sale in addition to Oviedo and Seminole County relocation contact Marc Grossman, your Oviedo and Seminole County Realtor @ 407-463-1034. Additional information is available for Seminole County real estate, Orange County real estate, West Volusia County and South Lake County.
Marc Grossman, GRI - http://www.OrlandoHomes-4u.com/ - 407-463-1034
Marc donates 10% of his net proceeds to Hospice of the Comforter.
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