Buenaventura Lakes 4th Quarter Results Market Analysis
Buenaventura Lakes or BVL as it is commonly known is located in the north-eastern side of Kissimmee adjacent to the heart of the Orlando real estate market. There have been 19 single family houses sold in the 4th quarter. They range in price from $134,900 to $256,000 with $172,826 being the average and 6 of them having swimming pools. The square footage ranges from 1,000 to 2,401 and the houses lasted an average of 111 days on the market before they closed.
There are presently 12 houses that are pending closing with an asking price range from $135,000 to $219,000 with $153,738 being the average. These houses range in size from 1,162 to 2,452 square feet with 3 of them having in ground pools. The average time on the market is currently 82 days. Remember these properties have not closed yet so the average time to close will rise.
There are a total of 189 houses on the market ranging in size from 759 to 2603 square feet with asking prices ranging form $130,000 to $290,000. Of these 189 single family dwellings available, 106 are priced under $200,000.
Considering the amount of houses sold in the 4th quarter of 2007, the saturation rate, (the amount of time it will take to sell all of the houses in a specific area assuming that no other houses are listed in that area) will be 30 months. This is little bit higher than the rest of the Orlando real estate market.
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