From January 1, 2009 thru December 31, 2009, the following properties sold in the communities of Bokeelia, St. James City, and Matlacha onPine Island, Florida:
1) 71 waterfront single family homes; median price $290,000.
2) 63 non-waterfront single family homes, median price $143,000.
3) 51 manufactured homes have sold, median price $122,000.
4) 7 duplexes have sold, median price $125,120.
5) 8 condominiums sold, median price $122,000.
6) 16 waterfront lots sold, median price $90,000.
7) 35 inland lots sold, median price $19,000.
8) 2 commercial properties sold, average $345,000.
The total dollar volume for the 255 sales on Pine Island in 2009 was $45,588,516.
Compare this with the year 2008, the following properties sold on Pine Island, Florida:
1) 60 waterfront single family homes sold, median price $314,750.
2) 50 non-waterfront single family homes sold, median price $144,700.
3) 11 Condominiums sold, median price $266,000.
4) 52 Manufactured homes sold, median price $113,000.
5) 3 Duplexes sold, median price $211,111.
6) 16 Waterfront Lots Sold, median price $190,000.
7) 42 Inland lots sold, median price $25,000.
I believe the fall in prices bottomed out in 2009 and now is the time to buy real estate on beautiful Pine Island, Florida! To subscribe to my paper newsletter, Pine Island Times, which provides quarterly real estate sale statistics as well as lifestyle news, please email me at erikafoye@embarqmail.com.
For more information about available Pine Island real estate: homes, lots, acreage or condominiums, please email me, Erika Foye, Real Estate Broker, at erikafoye@embarqmail.com.
To see current real estate trends and news on Pine Island, go to www.pineislandtimes.blogspot.com.
Scenes of a beautiful Pine Island Sunset!
