La Vina Market Anlaysis for the 4th Quarter of 2007
La Vina is located in the east Orlando real estate market off of Narcoossee Rd in the Lake Nona section of Orlando. There have been 2 single family houses sold in the 4th quarter of 2007. They range in price from $255,000 to $410,000 with $332,500 being the average. The square footage ranges from 2,478 to 2,627 and the houses lasted an average of 156 days on the market before they sold.
There are presently 3 houses that are pending closing with a price range from $229,900 to $284,900. They range in size from 1,544 square feet to 2,225 square feet and have been on the market for an average of 89 days.
There are a total of 26 houses on the market ranging in size from 1,515 to 3,610 square feet with asking prices ranging form $209,900 to $750,000. Of these 26 single family dwellings available, 11 have asking prices of $300,000 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 39 months. This is above the rest of the Orlando real estate market.
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