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Richard Carpentieri GRI, ABR, PRM, e-PRO

7Eagle Lake Market Update for the 4th Quarter of 2007

Eagle Lake is located in the southern section of the Kissimmee real estate market off of Pleasant Hill Rd. There has been 5 single family houses sold in the 4th quarter of 2007. They sold for prices ranging from $199,990 to $230,000 with an average of $208,133 and ranged in size from 1,802 to 2,383 square feet. They lasted an average of 85 days before they sold.

There are presently 3 houses that are pending closing with asking prices that range from $185,900 to $249,900 and an average of $216,150. The size of these houses range from 1,802 square feet to 2,388 square feet and they have been on the market for an average of 156 days.

There are a total of 25 houses on the market ranging in size from 1,401 to 4,155 square feet with asking prices ranging form $175,000 to $420,500. Of these 25 single family dwellings available, 15 of them are priced at $250,000 or lower.

Considering the amount of houses sold in 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 15 months. This is below the rest of the Kissimmee 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.