There were 21 total residential sales on Pine Island in January 2010. That's the highest monthly number since July, 2009, which was 22. Currently, there are 281 active residential listings. There is one active contingent property, 17 active contingent short sales (seller has signed but lender has not accepted the offer), and 29 pending sales (under contract and waiting for closing).
The land market is a different story. There was only one land sale in January 2010, which is lower than any other month last year - February and November 2009 had 2 land sales. There are 285 active land listing on the market. Waiting in the wings are 8 pending sales, 3 active contingent short sales, and one active contingent.
Out of the 8 pending land sales, this agency has 3 waterfront lots that are scheduled for closing this month - that's 38%!
Hopefully, January represents the low point in the land market and we will see an increase in land sales during the rest of this year!
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