Cypress Springs Market Analysis for the 4th Quarter of 2007
Cypress Springs is located off of Curry Ford Rd in the east Orlando section of the Orlando real estate market. There has been 10 single family houses sold in the 4
th quarter of 2007. They sold for prices ranging from $220,000 to $656,000 with an average price of $342,890 and ranged in size from 1,443 square feet to 3,985 square feet. The average time they took to sell was 133 days.
There are presently 5 houses that are pending closing. They range in size from 2,302 square feet to 2,940 square feet and have asking prices from $329,000 to $429,900. They have been on the market for an average of 154 days.
There are a total of 59 houses on the market. They range in size from 1,324 square feet to 5,367 square feet with asking prices ranging from $168,000 to $1,400,000. Of these 59 houses 36 of them are priced at $350,000 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 18 months. This is lower than the rest of the Orlando real estate market.
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