Somerset is located in the Williamsburg section of the Orlando real estate market.  There has been 4 single family houses sold in the 1st quarter of 2008.  They sold for prices ranging from $169,000 to $205,000 with an average of $189,000.  The house ranged in size from 1,064 square feet to 2,432 square feet.  They took an average of 106 days before they sold.

There are presently 2 houses that are pending closing. They are 1,612 square feet and 2,315 square feet and have asking prices of $184,900 and $275,000 with the average being $229,950 and 1 of them has a pool.  They have been on the market for an average of 63 days.

There are a total of 16 houses on the market.  They range in size from 1,064 square feet to 2,576 square feet with asking prices ranging from $187,000 to $359,000.  Of these 16 houses 6 of them are priced at $225,000 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 12 months.  This is lower than the rest of the Orlando real estate market.

If any additional information is required click onto either http://www.flatfeerealty.info/ or Somerset - Richard Carpentieri, Broker, e-PRO or call 321-766-7176 and one of our Somerset experts will be happy to assist you.