Heritage Place Market Analysis for the 4th Quarter of 2007
Heritage Place is located in the south central sector of the Orlando real estate market. There have been 4 single family houses sold in the 4
th quarter of 2007. They range in price from $240,000 to $260,000 with $250,000 being the average. The square footage ranges from 1,603 to 1,809 and the houses lasted an average of 101 days on the market before they closed.
There are presently 3 houses that are pending closing with an asking price range from $194,900 to $235,000 with $214,933 being the average. These houses range in size from 1,590 to 1,802 square feet. The average time on the market is currently 117 days. Remember these properties have not closed yet so the average time to close will rise.
There are a total of 10 houses on the market ranging in size from 1,405 to 2,265 square feet with asking prices ranging form $198,000 to $329,900. Of these 10 single family dwellings available, 6 are priced at$260,000 or less.
Considering the amount of houses sold in November, 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 8 months. This is considerably lower than the rest of the Orlando real estate market.
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