Sky Lake Market Analysis for the 4th Quarter of 2007
Sky Lake sub division is located in the south central part of the Orlando real estate market. There have been 8 single family houses sold in the 4th quarter of 2007. The sales prices ranged from $154,500 to $265,000 with the average being $197,625. The square footage ranged from 1,171 to 2,562 and the houses lasted an average of 82 days on the market before they closed.
There are presently 2 houses that are pending closing with an asking price range from $164,900 to $170,000 with $167,550 being the average. These houses range in size from 1,189 to 1,254 square feet. The average time on the market is currently 212 days. Remember these properties have not closed yet so the average time to close will rise.
There are a total of 81 houses on the market ranging in size from 925 to 2617 square feet with asking prices ranging form $139,500 to $284,900. Of these 81 single family dwellings available, 45 are priced $200,000 or lower.
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 a little bit higher than the average saturation rate for the Orlando real estate market.
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