Cherry Ridge Estates at Cherry Lake in Groveland, Florida had some nice activity in July 2009. This beautiful subdivision on the outskirts of Cherry Lake had four homes sold in the month of July 2009. Of those four, two were above listed price and the other two were right at the listing price. Still hard to believe that you can get a nice house in this subdivision for under $100,000 when just a few years ago, they were being sold brand new for $250,000 and above.

The stats below were compiled by Davis Signature Realty LLC courtesy of the Mid Florida Regional MLS.

Market Activity for Cherry Ridge Estates at Cherry Lake

July 2009

New Homes Listed: 8

New Homes Sold: 4

223 Pima Trail- $100,100. 1808 sq. ft.

305 Anorak St.- $85,500. 1816 sq. ft.

252 Pima Trail- $99,900. 1792. sq. ft.

197 Dakota- $100,000. 1942 sq. ft.

Average Sold Price: $96,375

The average sold price for Cherry Ridge Estates in June 2009 was $114,950 with a per sq. ft. price of $51.81. Even though the total average price was down in July 2009, the average per sq. ft. price was up to $52.39. Based on the square foot price, the market for selling is improving in Cherry Ridge Estates at Cherry Lake.

New Homes Pending: 20

I hope this information helps you in your decision to buy or sell a home in Cherry Ridge Estates at Cherry Lake. If you would like a current market analysis for your neighborhood, feel free to call or email Davis Signature Realty LLC.

Davis Signature Realty LLC

Certified Short Sale Professional

www.davissignaturerealty.com