Ginger Mill Market Analysis for the 4th Quarter of 2007
Ginger Mill is located in the south central sector of the Orlando real estate market. There has been 2 single family houses sold in the 4
th quarter of 2007 ranging in price from $209,900 to $224,900. The square footage on both houses was 1,405 and they lasted an average of 53 days on the market.
There is presently 1 house that is pending closing with an asking price of $179,900. The house is 1,081 square feet. It has been on the market for 130 days. Remember this property has not closed yet so the time to close will rise.
There are a total of 6 houses on the market ranging in size from 1,325 to 2,250 square feet with asking prices ranging form $226,000 to $279,900. Of these 6 single family dwellings available 5 are priced at $240,000 or lower.
Considering the amount of houses sold in4th 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) would be 9 months to sell all of the inventory. This is considerably lower than the rest of the Orlando real estate average.
If any additional information is required either log onto http://www.flatfeerealty.info/ and fill out the contact us or call 321-766-7176 and one of our Ginger Mill experts will be happy to assist you.