Orange Tree Market Analysis for the 4th Quarter of 2007
Orange Tree Country Club is located off of Dr Phillips Blvd in the Dr Phillips section of the Orlando real estate market. There has been 3 single family houses sold in the 4
th quarter of 2007. They sold for prices ranging from $312,000 to $410,000 with an average sale price of $345,666 and they ranged in size from 1,637 square feet to 2,003 square feet with one of them having a pool. They took an average of 131 days before they sold.
There are presently 2 houses that are pending closing. The asking prices for these houses are $425,000 and $569,500 and they are 2,064 square feet and 2,933 square feet.
There are a total of 18 houses on the market. They range in size from 1,484 square feet to 3,200 square feet with asking prices ranging from $319,000 to $565,000 and 12 of them have pools. Out of the18 houses that are up for sale, 10 of them are priced at $450,000 or lower.
Considering the amount of houses sold in the 4th 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) will be 18 months. This is a little lower than the rest of the Orlando real estate market.
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