Sand Lake Hills Market Analysis for the 4th Quarter of 2007
Sand Lake Hills is located in the Dr Phillips section of the Orlando real estate market. There has been 5 single family houses sold in the 4
th quarter of 2007. They sold for prices ranging from $205,000 to $335,000 with an average sale price of $290,800 and they ranged in size from 1,653 square feet to 2,694 square feet with 2 of them having
pools. They took an average of 71 days before they sold. There are presently 3 houses that are pending closing. The asking prices for these houses range from $200,000 to $235,000 and they rang in size form 1,629 square feet to 1,788 square feet. Two of these houses have pools.
There are a total of 23 houses on the market. They range in size from 1,818 square feet to 2,880 square feet with asking prices ranging from $247,900 to $499,900 with 14 of them have pools. Out of the23 houses that are up for sale, 20 of them are priced at $350,000 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 14 months. This is a lower than the rest of the Orlando real estate market.
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