East Park Market Analysis for the 4th Quarter of 2007
East Park is located in the east Orlando real estate market off of Narcoossee Rd in the Lake Nona section of Orlando. There have been 5 single family houses sold in the 4th quarter of 2007. They range in price from $213,158 to $398,000 with $313,231 being the average. The square footage ranges from 1,771 to 2,908 and the houses lasted an average of 103 days on the market before they closed.
There are presently 6 houses that are pending closing with a price range from $289,000 to $409,000. They range in size from 1,868 square feet to 2,852 square feet and have been on the market for an average of 132 days.
There are a total of 52 houses on the market ranging in size from 1,591 to 3,262 square feet with asking prices ranging form $245,000 to $485,900. Of these 52 single family dwellings available, 20 have asking prices of $325,000 or lower.
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 31 months. This is above the rest of the Orlando real estate market.
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