Somerset Market Analysis for the 4th Quarter of 2007
Somerset is located in the Williamsburg section of the Orlando real estate market. There has been 1 single family house sold in the 4
th quarter of 2007. It sold for a price of $203,000 and was 1,260 square feet. It took 28 days before it sold.
There is presently 1 house that is pending closing. It is 1,873 square feet and has an asking price of $264,000. It has been on the market for 129 days.
There are a total of 12 houses on the market. They range in size from 1,064 square feet to 2,432 square feet with asking prices ranging from $190,000 to $249,900. Of these 12 houses 9 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 36 months. This is higher than 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.