Remington Market Analysis for the 4th Quarter of 2007
Remington Market Analysis for the 4th Quarter of 2007
The sub division of Remington, located on the north-eastern side of Kissimmee near the heart of the Orlando real estate market, has had 11 houses closed in the 4th quarter of 2007. The price range for the 11 houses sold was between $185,000 and $340,000 with the average price being $239,100. They ranged in size from 1,413 to 3,054 square feet. The average time it took to sell these two houses was 142 days.
There are presently 2 houses that are pending closing with asking prices of $171,000 and $279,900. They range in size from 1802-2421 square feet. The average time for these houses on the market is 137 days. Remember that these houses have not yet closed so the average time to close will be higher.
There are a total of 134 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 79 of the listed properties have been on the market for over 100 days with 42 of them over 200 days.
With 11 houses closing for the 4th quarter of 2007, 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 37 months. This is way above the average for the rest of the Orlando real estate market.
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