Oviedo, FL

Want to know what’s selling in your neighborhood? These statistics should give you a feel for the market value of your house.

Keep in mind that many of these sales are for Short Sales or Foreclosed/Bank-Owned properties. Under these situations, the Sold Price may be considerably below the Original List Price. Sorry to say, ‘distressed’ sales drag down the values of all the other homes in the neighborhood, whether or not they’re Short Sales or Foreclosures.

Properties have been listed and sold by various MLS members.

Data drawn from the My Florida Regional Multiple Listing Service.

*Listed & Sold by Judy Chapman

If you’re a homeowner who wants to sell your house, the following should give you a better understanding of the Orlando FL marketplace.

Remember the old adage that ‘real estate is always local’. Your neighborhood may be different from the neighborhood just down the road.

Homes in Orlando are selling. In fact, they’re selling so well that thousands of homeowners just like you are moving out and moving on. Last year, 1,000 homes in Orange & Seminole counties sold every month on average. In 2009, monthly sales are averaging 1,600 homes. This represents a 60% increase! If the house down the street can sell in this difficult environment, so can yours.

What’s the long-term outlook for the Orlando FL real estate market? Prices have leveled off in recent months. Even so, due to rising unemployment and foreclosure/short sale saturation, it will probably take several years — perhaps as long as a decade or more — for home prices to completely recover.

What about homeowners who are having difficulty keeping up with mortgage payments but can’t sell because their house is worth less than the amount owed on their loan? There are several solutions, but the way a Realtor^® can help is by selling the house as a Short Sale.

Do all of your Holiday shopping without driving anywhere?

At Centerline Homes' Isles of Oviedo neighborhood, you can do all of your holiday shopping, have lunch and see a movie without driving anywhere. This brand-new community features 2 and 3 bedroom townhomes with garages and it's a short stroll to the Oviedo Marketplace mall. Choose from Dillard's, Sears, Macy's, Bed Bath & Beyond, and a host of other stores (even Amy's Hallmark Cards) that are super convenient. The townhomes at Isles of Oviedo have been designed for every buyer. Whether you need twin Master suites, or a family-sized three bedroom model with a two-car garage, there's a perfect plan for you at The Isles. Priced from the mid-$100's, these sensational homes include many luxury features. To find out more about The Isles of Oviedo, call (407)278-0350, or visit CenterlineHomes.com.

You don't need a car or a sleigh. Centerline's Isles of Oviedo features 2 & 3 bdrm homes within walking distance to The Oviedo Marketplace.

Holiday Shopping Kickoff 11/27/2009 - 11/28/2009 @ OVIEDO MARKETPLACE

Hop out of bed and get to the mall early on Friday, November 27 and Saturday, 28 to get your Merry Giving Giveaways! Spend $100 or more before noon and receive a $10 Shop Etc. mall gift card and a bonus subscription to Martha Stewart Living magazine. To redeem, please bring your mall receipts to the Merry Giving Gift Zone.

Mall opens early; see Holiday Hours for details. Offer valid until noon each day while supplies last. See Terms & Conditions at the Merry Giving Gift Zone or at the Mall Office. Restrictions apply.

LOCATION: Shop throughout the center. Redeem receipts at the Merry Giving Gift Zone, located in front of the Gymboree entrance.

TIME: Shop before noon!

Shopping for a new home? Stop in at the Isles of Oviedo directly across from the Oviedo Marketplace and tour the models!

Photos with Santa 11/21/2009 - 12/24/2009 @ OVIEDO MARKETPLACE
Santa Claus is coming to town! Come take advantage of this perfect photo opportunity for your family and friends while letting the kids whisper their gift ideas to Santa!

Children visiting Santa will receive a free coloring and autograph book, The Very Best Gift in the World is You, while supplies last. Plus, receive an offer worth 20% off your entire purchase at Gymboree!

Stop in at the Isles of Oviedo directly across fromt the Oviedo Marketplace and tour the models!

Happy Holidays!

These statistics should give you a feel for what’s happening in the luxury segment of the Orlando FL real estate market.

Properties have been listed and sold by various MLS members.

Data drawn from the My Florida Regional Multiple Listing Service.

A few tidbits of note ...

Homes listed above $500,000 often take longer to sell than properties priced at the lower end of the market. While many houses priced below $500,000 may take 6 or 7 months to sell, homes in upscale neighborhoods may take as much as 2 years to unload.

Keep in mind that some of these sales are for Short Sales or Foreclosed/Bank-Owned properties. Under these situations, the Sold Price may be considerably below the Original List Price. Sorry to say, ‘distressed’ sales drag down the values of all the other homes in the neighborhood, whether or not they’re Short Sales or Foreclosures. On the other hand ...

Steep discounts may NOT reflect a distressed situation. Just because a house sold for considerably less than original list price doesn’t necessarily mean it was a foreclosure or short sale property. Because luxury homes are often one-of-a-kind, it’s difficult to find comparable properties that will help in determining current market value. In the end, it’s a buyer — and not the seller — who determines the market value of a property.

What’s the long-term outlook for the Orlando FL real estate market? Prices have leveled off in recent months. Even so, due to rising unemployment and foreclosure/short sale saturation, it will probably take several years — perhaps as long as a decade or more — for home prices to completely recover.

What about homeowners who are having difficulty keeping up with mortgage payments but can’t sell because their house is worth less than the amount owed on their loan? There are several solutions, but the way a Realtor^® can help is by selling the house as a Short Sale.