In March, there were fifteen residential sales - one condo, five manufactured homes, and nine single family homes. Ten sales were waterfront and five sales were off water. Sale prices ranged from $70,000 for an off-water manufactured homes to $599,000 for a waterfront home in Matlacha.
In the same month there were seven vacant land sales - one canal front, one fresh water canal, and five off-water. Most of these sales were well under $50,000 with the exception of one waterfront lot in St. James City that sold for $250,000. The lowest priced lot sale was at $12,500.
First Quarter statistics show forty-one residential properties and twenty-two vacant land properties that have been sold. As of today our inventory is still very high with 338 residential listings and 400 vacant land listings - that's several years supply!
We are seeing some increased activity this month in pending and closed sales. Keep posted for April 2008 market activity!
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