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Saturday, December 3, 2011

Latest Pine Island, Florida Real Estate Statistics

Entering the last month of 2012, it looks like we're on track to surpass 300 closed real estate sales on Pine Island this year, with a dollar volume that will likely exceed $50 Million.

So far this year on Pine Island, the following properties have sold in the Pine Island communities of Bokeelia, Saint James City or Matlacha:

87 Water front Homes have sold ~ Median Price $240,000.
64  Off water Homes have sold ~ Median Price $135,100.
53  Manufactured Homes have sold ~ Median Price $82,900.
 8   Condominiums have sold ~ Median Price $202,500.
 7   Duplexes have sold ~ Median Price $96,126.
 2   Commercial Buildings have sold ~ Median Price $254,500.
20  Water Front Lots have sold ~ Median Price $121,250.
45  Off water Lots have sold ~ Median Price $16,000.

So far this year, there have been 290 MLS real estate sale closed, with a total dollar volume of $46,294,085.   Prices of water front homes are completely flat, month over month, while the price of off-water homes, condominiums and land is up slightly.

The best new home listing of the week is this two bedroom, two bath remodeled home on Bayview Avenue in Saint James City, was listed for $277,000.

The best home sale of the week was this two bedroom, two bath pool home on the Alden Pines golf course in Bokeelia, sold for $198,000.


For more information about real estate on Pine Island, Florida, contact me, Erika Foye, real estate broker for All Island Realty, Inc. at erikafoye@embarqmail.com. I am an accredited buyers representative and certified as a short sale and foreclosure resource by the National Association of Realtors.

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