Northlake Park Market Analysis for the 4th Quarter of 2007
Northlake 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 4
th quarter of 2007. They range in price from $285,000 to $585,000 with $464,800 being the average and 2 of them having pools. The square footage ranges from 1,971 to 4,700 and the houses lasted an average of 107 days on the market before they closed.
There is presently 1 house that is pending closing with a price of $319,900. The house is 2,304 square feet and has been on the market for 288 days.
There are a total of 35 houses on the market ranging in size from 1,565 to 3,747 square feet with asking prices ranging form $249,900 to $694,000. Of these 35 single family dwellings available, 19 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 21 months. This is slightly below the rest of the Orlando real estate market.
If any additional information is required either log onto http://www.flatfeerealty.info/ and fill out the contact us or call 321-766-7176.