Closing out 2009 (I finally had the time to accomplish this task!) . . . it was a better year for home sales on Pine Island. The total number of home sales was 198 - the best year since 2005! There were 40 in the first quarter of the year, 66 in the second quarter, 43 in the third quarter, and 49 in the fourth quarter. What accounts for this increased activity you ask? . . . foreclosures and short sales dropping into the market and driving down the prices. Sellers with normal sales (not foreclosures or short sales) also had to price lower in order to compete!
Land sales in 2009 were not so high with 53 total sales all year - the lowest number of land sales since before 1999, which is as far back as our MLS will allow us to go to collect data. There were 9 in the first quarter, 18 in the second quarter, 15 in the third quarter, and 11 in the fourth quarter. Prices are low and buyers are scarce!
Even through all this, our agency had the best year in total sales and revenues since 2005!
My next post will be about January 2010 sales and current active and pending listing activity in residential and vacant land properties.
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