About Oviedo's Aloma Woods

Want to know what’s selling in Oviedo, FL? 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.

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

These smart homeowners didn’t have to lose their house to foreclosure. Instead, they hired a real estate agent to help them sell their house as a Short Sale.

Properties have been listed and sold by various MLS members.

Data drawn from the My Florida Regional Multiple Listing Service.

Because the payoff of a loan will be ‘shorted’ by a significant amount, the mortgage lender must approve a Short Sale. Handled properly, the likelihood of successfully selling your house as a Short Sale is high. Once the Short Sale is behind you, you can often get on with your life with hardly a backward glance.

A Short Sale is nothing more than putting your house up for sale in the usual manner, waiting for a qualified buyer just like any other home seller would, facing a few extra hurdles, filling out additional paperwork, waiting a bit longer for the closing to take place, and finally moving out and moving on.

Real benefits come with selling your house as a Short Sale. Among them are: 1) substantially reducing or completely eliminating financial liability, 2) minimizing damage to your credit rating, 3) emerging from bad credit quicker than you would with a foreclosure, and 4) having a sense of satisfaction that you’re taking care of the problem proactively and responsibly.

The Average Price per Square Foot for Single-Family Homes in Oviedo, FL dived sharply in November of 2008. Prices have been vacillating ever since, showing only a little further weakening yet also failing to demonstrate any strong signs of recovery.

Average Sold Prices are showing a nice ‘little dipper’ in the last 3 months. Only time will tell whether this is the beginning of a recovery or only a temporary upswing.

Average For Sale Prices are holding steady with homeowners waiting for a market recovery that may or may not happen.

Source: Trendgraphix, Inc. and Mid-Florida Regional Multiple Listing Service. Reports based on sales data available for the most recent month of activity.

In general, homebuyers are searching for bigger and newer houses with upgrades galore, 4 or 5 bedrooms, 2.5 or 3 baths, and pools. Plus they want to buy their dream house at the lowest price possible.

Home sellers must be prepared for aggressively priced contract offers. If they have a listing agent who can support the listing price with sound statistics and can also keep the owners apprised of current market conditions, then they will be in a strong position when an offer does come along. However, they must be prepared to compete with distressed properties (Short Sales and REO/Bank-Owned), which are attracting buyers looking for the best deals available.

Located off Aloma Road (State Road 426), Aloma Woods is perfectly positioned by allowing daily commuters to avoid the traffic jams along the Mitchell Hammock corridor while affording all its residents to enjoy easy accessibility to the many conveniences of this popular suburb. Very close to the Greeneway (417) Tollway, which can take drivers all points north, west, and south. Enjoy a community pool along with jogging and biking paths, and plenty of scenery.

Properties have been listed and sold by various MLS members. Data drawn from the Mid-Florida Regional Multiple Listing Service. This report is valuable for estimating current market values in the designated community or subdivision.

Located off Aloma Road (State Road 426), Aloma Woods is perfectly positioned within the town of Oviedo (pronounced O-vee'-doh). Rush-hour commuters can avoid the traffic jams along the Mitchell Hammock corridor yet residents are able to enjoy easy accessibility to the many conveniences of this popular suburb.

Aloma Woods is close to the Greeneway (417) Tollway, which can take drivers all points north, west, and south.

Enjoy a community pool along with parks, jogging and biking paths, and plenty of scenery.

Find modest homes as well as gated upscale homes, some with conservation or pond views.

This well-kept community is quiet, feels off the beaten track, yet is close to all the town offerings including a top-rated school system.