Lake Pointe Market Analaysis for 2007
Lake Pointe is located off Narcoossee Rd in the St. Cloud real estate market. There have been 6 single family houses sold in 2007 with 1 of them having a swimming pool. They ranged in size from 2,453 square feet to 3,500 square feet and they ranged in price from $304,200 to $617,484 with an average of $431,280. They lasted an average of 54 days before they were sold.
There is 1 house pending closing at this point with an asking price of $399,900 and a square footage of 3,562. It has been on the market for 31 days but remember this house has not closed as of yet and that number will go up.
There are a total of 21 houses on the market ranging in size from 2,311 to 3,803 square feet with asking prices ranging form $240,000 to $569,990. There are currently 10 houses out of the 21 listed at $375,000 or lower.
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 42 months to sell all of the inventory in Lake Pointe, which is way above the average in the rest of the St Cloud real estate market.
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