Pepper Mill Market Analysis for the 4th Quarter of 2007
Pepper Mill is located in the south central sector of the Orlando real estate market. There has been 2 single family houses sold in the 4th quarter of 2007 ranging in price from $179,000 to $230,000. The square footage ranged in size from 1,550 square feet to 1,552 square feet and they lasted an average of 94 days on the market.
There are presently 2 houses that are pending closing with asking prices of $189,900 and $212,000. They are 1,306 square feet and 1,406 square feet. They have been on the market for an average of 170 days. Remember this property has not closed yet so the time to close will rise.
There are a total of 26 houses on the market ranging in size from 1,306 to 1,883 square feet with asking prices ranging form $179,900 to $300,000. Of these 26 single family dwellings available 17 are priced at $250,000 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 39 months to sell all of the inventory. This is considerably higher 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 Pepper Mill experts will be happy to assist you.