National news stories this week confirmed that the real estate sector is rebounding nationwide. For the first time in many years, there will be in excess of $5 Million single family home sales this year.
Nationally, the median home price in January was $173,600. up 11% over the same period last year. In the Pine Island communities of Bokeelia, Saint James City and Matlacha, the median sold home price was $250,250 last month, compared to $231,750. during the same period in 2012, an increase of about 8% over the previous year.
So it looks like smooth sailing for the real estate market in coming months, both nationally and on Pine Island.
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