Three Quarters of Real Estate Sales on Pine Island, Florida - 2010

So far, through the first three quarters of 2010., 228 properties have sold through the multiple listing service on Pine Island, Florida, with a dollar volume of sales at $42,806,942.  This compares with 198 sales during the same period in 2009, with a dollar volume of sales $35,285,044.

So, the number of Pine Island real estate sales is up more than 10%, comparing 2010 with 2009.  The dollar volume of sales is up more than 20%.   To me, this tells me the prices are stabilizing and the market is recovering.  (This is a picture I recently took of a typically colorful cottage in Matlacha.)

Here is what has sold so far on Pine Island, Florida in 2010.

In Bokeelia, 13 waterfront homes have sold with a median price of $340,000. and 39 off-water homes have sold with a median price of $112,000.

In St. James City, 34 waterfront homes have sold with a median price of $287,000. and 18 off-water homes have sold with a median price of $126,000.

In Matlacha, 28 waterfront homes have sold this year with a median price of $214,000.

Island wide, 31 manufactured homes have sold with a median price of $115,000; 12 condominiums have sold with a median price of $190,250.; 21 waterfront lots have sold with a median price of $100,000.; 24 off-water lots have sold with a median price of $16,500., and two commercial properties have sold with a median price of $340,000.

For More information about Pine Island, Florida real estate, or to request my quarterly real estate newsletter "Pine Island Times", contact me, Erika Foye, Real Estate Broker for All Island Realty, Inc. at erikafoye@embarqmail.com.