Lake Ridge is located in the Williamsburg section of the Orlando real estate market.  There has been 4 single family houses sold in the 4th 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 4th quarter of 2007, the saturation rate, (the ... 02/07/2008