Avalon Park Real Estate Market Update for May 2010

The breakdown of the 215 homes available, are made up of 31 bank owned and 124 short sales in Avalon Park. The remaining properties of the 215 are traditional sales.

Of the 287 Pending (PNC) contracts in Avalon Park, below is the number of properties that had contracts submitted on them for the given months. This was done to demonstrate the number of days it takes to approve / close a short sale or REO property. Of course some that fall within the less than 30 days old and a very few that are 30 to 60 days old may be a typical sale, but from these numbers you can bet that some if not many will not achieve the first time buyer credit because they will fail to close before the 6/30/2010 deadline.
Under contract: Less than 30 days old 84 May Contracts
Under contract: 30 to 60 days old 100 April Contracts
Under contract: 60 to 90 days old 38 March Contracts
Under contract: 90 to 120 days old 20 February Contracts
Under contract: 120 days plus 44 Before January 31 Contracts

Here is the list of what sold in Avalon Park for the Month of May 2010. These numbers only pertain to Avalon Park Real Estate

It is no secret the sales prices are all over the place, and trying to determine a good value has so many variables, that each property should be based on an individual valuation, rather than an average as a whole. Short sales are still selling, but the time to close the transaction on average still is high.

This report provided by Brady Pevehouse, an agent of Perrone Realty specializing in Orlando Homes for Sale and Avalon Park Homes for Sale