Eastwood Market Analysis for the 4th Quarter in 2007
Eastwood is located in the east Orlando real estate market. There have been 10 single family houses sold in the 4th quarter of 2007. They range in price from $272,250 to $400,000 with $327,625 being the average and 4 of them having swimming pools. The square footage ranges from 1,952 to 2,805 and the houses lasted an average of 152 days on the market before they sold.
There are presently 4 houses that are pending closing with an asking price range from $239,900 to $379,900 with $304,675 being the average. These houses range in size from 1,972 to 2,798 square feet with 2 of them having swimming pools. The average time on the market is currently 165 days. Remember these properties have not closed yet so the average time to close will rise.
There are a total of 63 houses on the market ranging in size from 1,597 to 3,525 square feet with asking prices ranging form $199,900 to $574,900. Of these 63 single family dwellings available, 24 are priced $300,000 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) will be 19 months. This is a bit lower than the rest of the Orlando real estate market.
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