Deerfield Market Analysis for the 4th Quarter 2007
Deerfield is located in the south central side of the Orlando real estate market. There have been 7 single family houses sold in the 4th quarter of 2007 with 2 of them having swimming pools. The selling prices range from $133,000 and $328,000. The square footage ranges from 1,396 and 2,798 and the houses lasted an average of 70 days on the market before they closed.
There are presently 2 houses that are pending closing with an asking price range from $214,900 to $265,000 with $239,950 being the average. These houses range in size from 1,562 to 1935 square feet. The average time on the market is currently 100 days. Remember these properties have not closed yet so the average time to close will rise.
There are a total of 38 houses on the market ranging in size from 1,492 to 4,066 square feet with asking prices ranging form $198,900 to $449,000. Of these 38 single family dwellings available, 18 are priced $275,000 or less.
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 16 months. This is considerably lower than the rest of the Orlando real estate market.
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