Downtown St Cloud Market Analysis for the 4th Quarter of 2007
Downtown St Cloud Market Analysis for the 4th Quarter of 2007
Downtown St Cloud is located north of Rte 192 going towards the water and the heart of the Orlando real estate market in zip code 34769. There have been a total of 31 single family houses close in the 4th quarter of 2007 ranging in size from 844 to 3,452 square feet of living space. They sold at prices ranging from $90,000 to a high of $449,000 with an average price of $185,355 lasting an average of 281 days on the market.
There are presently 9 houses that are pending closing with asking prices starting at $129,270 and going up to $349,990 and an average asking price of $229,333. The sizes of these houses range from 1,028 to 3,881 square feet and have been on the market for an overall average of 90 days.
There are a total of 278 houses on the market ranging in price from $85,000 to $795,000. At the present saturation rate (the amount of time it will take to sell all of the houses on the market in this specific area assuming NO other houses are listed) it will take 27 months to sell the entire inventory. This is average compared to other Orlando real estate markets.
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