About Orlando's Lake Ridge

Lake Ridge is located in the Williamsburg section of the Orlando real estate market. There has been 4 single family houses sold in the 4^th quarter of 2007. They had selling prices ranging from $185,000 to $224,000 and ranged in size from 1,612 square feet to 2,072 square feet. They took an average of 86 days before they sold.

There is presently 1 house that is pending closing. It is 1,873 square feet and has an asking price of $219,900. It has been on the market for 15 days.

There are a total of 9 houses on the market. They range in size from 918 square feet to 2,820 square feet with asking prices ranging from $157,900 to $299,900. Of these 9 houses 7 of them are priced at $215,000 or lower.

Considering the amount of houses sold in the 4^th 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) will be 7 months. This is well below the rest of the Orlando real estate market.

If any additional information is required either log onto http://www.flatfeerealty.info/ and fill out the contact us or call 321-766-7176.