Springlake Village Market Analysis for the 4th Quarter of 2007
Springlake Village is located in the north east section of the Kissimmee real estate market. There have been 4 single family houses sold in the 4th quarter of 2007. They range in price from $199,000 to $240,000 with $221,500 being the average. The square footage ranges from 1,440 to 2,035 and the houses lasted an average of 122 days on the market before they sold.
There is presently 1 house that is pending closing with an asking price of $280,000. The house is 2,389 square feet. The time it has been on the market is currently 393 days. Remember this property has not closed yet so the time to close will rise.
There are a total of 38 houses on the market ranging in size from 1,152 to 2,800 square feet with asking prices ranging form $169,000 to $319,900. Of these 38 single family dwellings available, 21 are priced at $250,000 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 29 months. This is average with the rest of the Kissimmee Real Estate market.
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