Southchase Home Sales for the 1st Quarter of 2008
Southchase is located in the south central sector of the Orlando real estate market. There has been 13 single family houses sold in the 1st quarter of 2008 ranging in price from $175,000 to $280,000 with $223,869 being the average and 7 of them having pools. The square footage ranged in size from 1,196 square feet to 2,513 square feet and they lasted an average of 123 days on the market.
There are presently 16 houses that are pending closing with asking prices ranging from $169,000 to $300,000 and $221,169 being the average. They range in size from 1,011 square feet to 2,842 square feet. They have been on the market for an average of 103 days. Remember these properties have not closed yet so the time to close will rise.
There are a total of 149 houses on the market ranging in size from 1,003 square feet to 3,515 square feet with asking prices ranging from $155,000 to $425,000. Of these 149 single family dwellings available 46 are priced at $225,000 or lower.
Considering the amount of houses sold in 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) would be 34 months to sell all of the inventory. This is higher than the rest of the Orlando real estate average.
If any additional information is required click onto either http://www.flatfeerealty.info/ or http://www.flatfeerealty.info/Southchase/page_2012470.html or call 321-766-7176 and one of our Southchase experts will be happy to assist you.