Montpelier Market Analysis for the 4th Quarter of 2007
Montpelier is located in the Williamsburg section of the Orlando real estate market. There has been 2 single family houses sold in the 4
th quarter of 2007. They had selling prices of $177,000 and $222,000 and ranged in size from 1,554 square feet to 1,576 square feet. They took an average of 129 days before they sold.
There are presently 2 houses that are pending closing. They are 1,268 square feet and 1,554 square feet and have asking prices of $184,000 and $190,000. They have been on the market for an average of 117 days.
There are a total of 10 houses on the market. They range in size from 1,540 square feet to 1,878 square feet with asking prices ranging from $199,000 to $249,900. Of these 10 houses 8 of them are priced at $220,000 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 15 months. This is below the rest of the Orlando real estate market.
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