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Thursday, February 6, 2014

Pine Island Real Estate Sales in 2013

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We've been having some very warm days in February on Bokeelia, which causes morning mist to rise from the lakes and bays and harbors.   Here, a pond in Bokeelia is shrouded in mist.  By 10 or 11 a.m., the mist burns off and its been warm and sunny.

I've been late in keeping up the latest sale real estate sale statistics on Pine Island, but better late than never, here are the numbers for real estate sales in 2013 in the Pine Island communities of Bokeelia, Saint James City, and Matlacha:

Bokeelia:  22 Water front single family homes sold for a median price of $311,250.
                 74 Off Water single family homes sold for a median price of $145,000.
                 16 condominiums sold at a median price of $172,000.
42% of all residential home sales were in Bokeelia in 2013.

Saint James City:  48 Water front single family homes sold for a median price of $289,500.
                              23 Off Water single family homes sold for a median price of $169,000.
                                3 Condominiums sold at a median price of $170,000.
                              67 Manufactured homes sold at a median price of $114,500.
48% of all residential home sales were in Saint James City in 2013.

Matlacha:  27 Water front homes sold in 2013 for a median price of $243,000, representing 10% of all Pine Island home sales.

The total dollar volume of sales in 2013 was up 13% compared to 2012, and the total number of sales was up 17% compared to 2012.  Price declines bottomed out on Pine Island in 2011.

For more information about real estate here on beautiful Pine Island, or to get a free copy of my real estate newsletter, email me, Erika Foye, real estate broker for All Island Realty, Inc. at erikafoye@embarqmail.com.



 

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