Remington Market Analysis
Remington Market Analysis
The sub division of Remington located on the north-eastern side of Kissimmee has had 2 houses closed in the month of November. The two houses sold for $190,000 and $325,000 with the latter of the two having 5 bedrooms, 3054 square feet of living space and a built in pool. The average time it took to sell these two houses was 60 days.
There are presently 3 houses that are pending closing with asking prices of $264,900, $284,900 and $315,000. All three of them have in ground swimming pools and range in size from 1896-2513 square feet. The average time for these houses on the market is 51 days. Remember that these houses have not yet closed so the average time to close will be higher.
There are a total of 136 houses on the market ranging in size from 1,003-4,147 square feet with asking prices ranging form $175,000-$450,000. In total 75 of the listed properties have been on the market for over 100 days with 39 of them over 200 days.
With only 2 houses closing for the month, the saturation rate (the amount of time it would take to sell all of the listed properties assuming no other properties were listed) would be 5 years and 8 months. This is way above the average for the rest of the Orlando real estate market.
If any additional information is required either log onto www.flatfeerealty.info and fill out the contact us or call 321-766-7176.