Southchase Maket Analysis for the 4th Quarter of 2007
Southchase is located in the south central sector of the Orlando real estate market. There has been 11 single family houses sold in the 4
th quarter of 2007 ranging in price from $180,000 to $285,000. The square footage ranged in size from 1,183 square feet to 2,309 square feet and they lasted an average of 101 days on the market.
There are presently 8 houses that are pending closing with asking prices ranging from $179,900 to $300,000. They range in size from 1,196 square feet to 2,842 square feet. They have been on the market for an average of 174 days. Remember these properties have not closed yet so the time to close will rise.
There are a total of 165 houses on the market ranging in size from 902 square feet to 3,515 square feet with asking prices ranging from $129,500 to $455,000. Of these 165 single family dwellings available 71 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 45 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 Southchase real estate experts will be happy to assist you.