Indian Creek Market Analysis for the 4th Quarter of 2007
Indian Lakes is located off Michigan Ave in the St. Cloud real estate market. There have been 3 single family houses sold in the 4th quarter of 2007. They ranged in size from 2,037 square feet to 2,677 square feet and they ranged in price from $270,000 to $293,000 with an average of $279,333 with 2 of them having swimming pools. The houses took an average of 135 to sell.
There is one house pending closing which is 2,134 square feet with an asking price of 334,000 with a swimming pool.
There are a total of 20 houses on the market ranging in size from 1,850 to 3,534 square feet with asking prices ranging form $256,900 to $395,000.
Considering the amount of houses sold in the 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 take 20 months to sell all of the inventory in Indian Lakes, which is below the average for the rest of the St Cloud real estate market.
If any additional information is required either log onto www.flatfeerealty.info and fill out the contact us or call 321-766-7176.