Fairway Cove Market Analysis for 2007
Fairway Cove is located off of Hiawassee Rd in the Metro West section of the Orlando real estate market. There has been 2 single family houses sold in 2007. They were sold for $420,000 and $480,000 and were 2,457 square feet and 2,916 square feet with both of them having pools.
There is presently 1 house that is pending closing. It is 2,521 square feet and the asking price is $425,000. It also has a pool.
There are a total of 12 houses on the market. They range in size from 2,307 square feet to 3,207 square feet with asking prices ranging from $342,500 to $799,000 and they all have pools. Of the 12 houses up for sale 7 of them are priced at $525,000 or lower.
Considering the amount of houses sold in 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) would be 72 months which is much higher than the rest of the Orlando real estate market average.
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