Heritage Lakes Market Analysis for the 4th Quarter of 2007
Heritage Lakes is located in the eastern section of the Kissimmee real estate market off of Osceola Parkway. There has been 1 single family house sold in the 4
th quarter of 2007. It sold for $214,900 and was 2,387 square feet. It took 5 days before it sold.
There is 1 house that is pending closing. The asking price is $159,900 and the square footage is 1,536. It has been on the market for 32 days.
There are a total of 15 houses on the market. They range in size from 1,642 square feet to 2,906 square feet with asking prices ranging from $199,900 to $349,900. Of these 15 houses 11 of them are priced at $260,000 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 45 months. This is above average with the rest of the Kissimmee real estate market.
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