IMO I believe what we are seeing is the Listing price, a high listing price IMO and not the actual Sale price..and I doubt the listing price reflects the current Market Value of the home.
I'd like to see the comparable listings and the final sell price for similar homes in that neighbourhood.
I believe that too. Here are some comps from homes.com:
Pin Address Sold Price Sq.Ft Beds Baths Sold Date
1. 1407 WATER LILLY LN
Kissimmee , FL 34744 $499,000 3847 5 4 3/26/2010
2. 1771 LEE JANZEN DR
Kissimmee , FL 34744 $260,000 3213 4 3 3/2/2010
3. 1803 LEE JANZEN DR
Kissimmee , FL 34744 $205,000 2354 4 3 6/25/2010
4. 1401 SWEET BAY CT
Kissimmee , FL 34744 $271,000 2279 4 3 3/2/2010
5. 2782 KISSIMMEE BAY CIR
Kissimmee , FL 34744 $295,000 3827 5 2 12/24/2009
6. 1741 SAINT TROPEZ CT
Kissimmee , FL 34744 $179,000 1704 3 2 11/23/2009
7. 1708 SAINT TROPEZ CT
Kissimmee , FL 34744 $155,000 1758 3 2 4/26/2010
8. 1701 ELSIE PARK CT
Kissimmee , FL 34744 $218,000 2670 3 3 4/28/2010
9. 1715 Elsie Park Ct
Kissimmee , FL 34744 $279,000 0 0 0 7/29/2009
10. 2762 KISSIMMEE BAY CIR
Kissimmee , FL 34744 $218,000 2849 4 3 4/8/2010