Eagle Creek Market Analysis for the 4th Quarter of 2007
Eagle Creek is located near the east Orlando real estate market. There have been 7 single family houses sold in the 4th quarter of 2007. They range in price from $240,000 to $1,030,000 with $375,856 being the average with one of them being a fully custom home. The square footage ranges from 1,771to 3,385 and the houses lasted an average of 134 days on the market before they closed.
There are presently 3 houses that are pending closing with an asking price range from $225,900 to $425,000 with $341,967 being the average. These houses range in size from 1,695 to 3,149 square feet. The average time on the market is currently 93 days. Remember these properties have not closed yet so the average time to close will rise.
There are a total of 63 houses on the market ranging in size from 1,684 to 4,505 square feet with asking prices ranging form $225,900 to $1,325,000. Of these 63 single family dwellings available, 19 are priced at $350,000 or lower. Considering the amount of houses sold in the 4ht 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 27 months. This is on par with the rest of the Orlando Real Estate market.
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