Lakeside Market Analysis for the 4th Quarter of 2007
Lakeside Market Analysis for the 4th Quarter of 2007
Lakeside is comprised of 15 smaller sub divisions within the larger community located in northeast section of Kissimmee. There have been 8 single family houses sold in the 4th quarter of 2007. The houses ranged in price from $172,000 to $241,500 with an average price of $207,488. The sizes of the houses ranged from 1,374 to 1,972 square feet and took an average of 135 days to sell.
There is presently 1 house that is pending closing with an asking price of $171,000. The house is 1,802 square feet. It has been on the market for 132 days. Remember this property has not closed yet so the time to close will rise.
There are a total of 99 houses on the market ranging in size from 1,003 to 2,468 square feet with asking prices ranging form $139,900 to $300,000. Of these 99 single family dwellings available, 26 are priced at $200,000 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) is 37 months is which is higher than the average time for the rest of the Kissimmee real estate market.
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