The Pine Island residential real estate market had 14 sales in October, 2009 ranging from an off-water Jim Walters home that sold for $95,900, to a bayfront home in St. James City that sold for $825,000.
As of this post, there are 232 active residential listings ranging from $54,000 for a manufactured home to $2,650,000 for a home situated on a private island.
There are 4 active contingent, 19 active contingent short sales, and 22 pending residential listings throughout Pine Island - Bokeelia, St. James City, and Matlacha!
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The vacant land market had 2 sales in October, ranging from a 12.5-acre parcel that sold for $110,000 and a waterfront lot in Bokeelia that sold for $160,000.
There are 257 vacant land listings ranging from $7,500 for a small lot in Sundiet Village to $7,900,000 for a 74-acre subdivision called Tranquility Bay.
There are no active contingent, one active contingent short sale, and 2 pending vacant land listings in the area as of this post.
The total inventory of residential and vacant land listings is "inching" down by a few each month; however, there is still high inventory and low prices! It's a great time to buy!
Monday, November 2, 2009
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