Andover Lakes Market Update for the 1st Quarter of 2008
Andover Lakes is located off of Curry Ford Rd in the east Orlando real estate market. There has been 3 single family houses sold in the 1st quarter of 2008. They sold for prices ranging from $196,000 to $225,000 with an average of $211,667 and ranged in size from 1,469 square feet to 2,436 square feet. They took an average of 109 days before they sold.
There are presently 5 houses that are pending closing. They range in price from $185,000 to $260,000 and they are from 1264 square feet to 1,874. They have been on the market for an average of 103 days.
There are a total of 36 houses on the market. They range in size from 1,442 square feet and 3,461 square feet with asking prices ranging from $199,900 to $398,000. Out of the 36 houses that are up for sale, 22 of them have asking prices of $250,000 or lower.
Considering the amount of houses sold in the 1st quarter of 2008, 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 22 months. This is slightly lower than the rest of the Orlando real estate market.
If any additional information is required about Andover Lakes click on the following links Andover Lakes - Richard Carpentieri, Broker, e-PRO or http://www.flatfeerealty.info/ or call 321-766-7176.