Avalon Park is an established, but continuously growing community. It is considered to be the second most well known community in east metro Orlando. Folks all over the metro area commonly refer to the east side and east Orlando as the “Waterford/Avalon area”.
The majority of all real estate activity over the past 90 days in Avalon Park occurred in the $200,000 to $300,000 price range. Roughly 60% of all active homes, pending sales and closed sales were within this range.
With a high inventory of homes on the market in Avalon Park, how does a buyer choose among 63 similar homes for sale in the $200s?
Price per square foot will be a key consideration for a buyer in Avalon Park – the most space for the least price is what they’re going to buy. Active listings in the $200s presently run the gamut from 1,500 square feet to 3,800 square feet.
There has been minimal home sales in the low $200s – just four sales in the past 90 days. With the majority of active listings in the low $200s being overpriced short sales / foreclosures, this lack of sales will continue until sellers drop their prices in line with recent comparable sales.
There has been minimal home sales in the high $200s – just five sales in the past 90 days. However, the majority of active listings in the high $200s are priced within reason (half of those being short sales / foreclosures). I anticipate a noticeable increase in home sales in the high $200s throughout year end.
- 63 active priced $205,000 to $300,000 including 36 short sales / foreclosures
- 19 pending priced $210,000 to $299,000 including 17 short sales / foreclosures
- 9 sold (past 90 days) priced $217,000 to $300,000 including 3 short sales / foreclosures
No comments:
Post a Comment