Team Carpentieri Blog

Turnberry Reserve Market Analysis for the 4th Quarter of 2007

Turnberry Reserve4^th Quarter Market Analysis For 2007

Turnberry Reserve is located in north east section of the Kissimmee real estate market.  There has been 4 single family houses sold in the 4^th quarter of 2007.  They ranged in price from $200,000 to $244,900  with an average of $226,225 and the sizes of these houses ranged from 1,654 to 2,388 square feet.  They took an average of 130 days to sell.

There are presently 5 houses that are pending closing with an asking price range from $208,756 to $290,000 with $235,704 being the average.  These houses range in size from 1,654 to 2,952 square feet.  The average time on the market is currently 59 days.  Remember these properties have not closed yet so the average time to close will rise.

There are a total of 21 houses on the market ranging in size from 1,647 to 3,897 square feet with asking prices ranging form $199,000 to $369,000.  Of these 21 single family dwellings available, 13 are priced under $275,000.

Considering the amount of houses sold in the 4^th 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) would be 16 months which is well below the average for the rest of the Kissimmee real estate market.