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Live Oak Reserve Home Prices | April 2017

Live Oak Reserve is a premier and very desirable community in southeast Seminole County, on the east end of Oviedo. The homes are well build, mostly by Engle Homes and feature private pools, conservation or water views, and 3-car garages. Live Oak Reserve is zoned schools that all have a reputation for excellence. They include Partin Elementary, Chiles Middle, and Hagerty High schools. 

There are currently 11 homes listed for sale in Live Oak Reserve as reported in the My Florida Regional MLS (MFR MLS), 10 are under contract, and 10 have sold in the most recent 120 days. There is currently 4.4 months of inventory, a strong sellers’ market. (A market considered to be balanced between buyers and sellers has 5-7 months of inventory).

The median list price for the 11 homes currently for sale is $465,000 and $141.62 per heated square foot with a range* of $121.00 and $233.91. Median days on the market is down again from 49 days reported last month to 23 days. 

The median price for the 10 homes sold in the most recent 120 days was $365,100 selling for 97% of list price and $136.21 per heated square foot, with a range* of $113.24 and $152.08. Median days on the market for these homes was 85 days. These stats, as reported monthly, continue to indicate that best price and in the best condition are the ones that are selling quickly.  

*Price per heated square foot of homes sold most comparable to yours and most recently sold is only a starting point in determining your home’s value. Age and size of the home, lot size and view, condition, upgrades, and other factors can have a significant affect on the price a buyer is willing to pay. As real estate professionals, we are experts at that and are glad to help you.

For all the details of homes currently on the market, under contract, and sold in the last 120 days as reported by the MFR MLS, see https://www.jeanscotthomes.com/wp-content/uploads/2017/04/Live-Oak-Reserve-Homes-for-Sale-Under-Contract-and-Sold-04-08-17.pdf

 

Thomas Scott, REALTOR
Thomas Scott REALTOR®, GRI®

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