Bay Hill Market Update for the 1st Quarter of 2008
Bay Hill is located in the Dr Phillips section of the Orlando real estate market. There has been 3 single family houses sold in the 1st quarter of 2008. They ranged in size from 2,551 square feet to 4,874 square feet and they sold for prices ranges from $471,000 to $740,000 with an average selling price of $625,333. They took an average of 331 days before they sold and 2 of them had pools.
There are presently 2 houses that are pending closing. The asking prices for these houses range from $749,900 to $1,499,900 and they range in size from 3,638 square feet to 4,291 square feet with both of them having pools.
There are a total of 36 houses on the market. They range in size from 1,879 square feet to 8,200 square feet with asking prices ranging from $339,000 to $5,999,900 and 29 of them have pools. Out of the 36 houses that are up for sale, 17 of them are priced at $700,000 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) would be 36 months which is above the average for the rest of the Orlando real estate market.
If any additional information is required either click on the links below at http://www.flatfeerealty.info/ or Bay Hill - Dr Phillips Homes, Orlando Real Estate, Richard Carpentieri, Broker, e-PRO or call 321-766-7176.