Waterford Lakes Market Analysis for the 4th Quarter of 2007
Waterford Lakes is located in the east Orlando real estate market. There have been 17 single family houses sold in the 4th quarter of 2007. They range in price from $180,000 to $380,000 with $286,647 being the average and 8 of them having swimming pools. The square footage ranges from 1,147 to 3,584 and the houses lasted an average of 134 days on the market before they sold.
There are presently 12 houses that are pending closing with an asking price range from $234,900 to $395,000 with $286,866 being the average. These houses range in size from 1,610 to 3,020 square feet with 7 of them having swimming pools. The average time on the market is currently 143 days. Remember these properties have not closed yet so the average time to close will rise.
There are a total of 82 houses on the market ranging in size from 1,132 to 3,457 square feet with asking prices ranging form $179,900 to $399,900. Of these 82 single family dwellings available, 32 are priced $275,000 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 14 months. This is lower than the rest of the Orlando real estate market.
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