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Northlake Park Home Sales for the 1st Quarter of 2008

By
Real Estate Broker/Owner with Keller Williams Realty

Northlake Park is located in the east Orlando real estate market off of Narcoossee Rd in the Lake Nona section of Orlando.  There have been 4 single family houses sold in the 1st quarter of 2008.  They range in price from $255,000 to $420,000 with $338,250 being the average.  The square footage ranges from 1,923 to 3,205 and the houses lasted an average of 199 days on the market before they closed.

There are presently 7 houses that are pending closing with a price range from $252,997 to $485,900 with $307,651 being the average.  The houses range in size from 1,565 square feet to 3,060 square feet and have been on the market for an average of 313 days.

There are a total of 43 houses on the market ranging in size from 1,611 to 4,778 square feet with asking prices ranging form $227,050 to $690,000.  Of these 43 single family dwellings available, 24 have asking prices of $300,000 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 32 months.  This is slightly above the rest of the Orlando real estate market.

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