In January, we had eleven residential sales - three manufactured home sales and eight single family home sales. Of these eleven, six were waterfront and five off-water. And the sale prices ranged from $70,000 for a manufactured home in Flamingo Bay to $1,000,000 for a three-story waterfront home on 8th Avenue in St. James City.
During that same time, we had eight vacant land sales - one lakefront property and seven off-water properties sold. One of the off-water parcels was an industrial lot in the Pine Island Industrial Center. The prices of these eight lots ranged from $8,500 for a 50x79 lot on Bouney in Sundiet Village to $90,000 for the 5.4 acre lakefront property.
This activity is a good start for 2008; however, it does not signal a true "season" as we had been experiencing prior to 2006. We do see an increase in potential buyers who are cautiously looking and who are seeking the lowest price they can find. It is still a buyers market and we continue to have an inflated inventory with 392 vacant land parcels and 379 residential properties on the market. There are "deals" to be had and now is the time to buy!
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