November real estate closed sales were off quite a bit from previous months this year, a hang over, I think, from the financial crisis which hit the radar in September. Only nine single family homes sold, the average sale price was $183,678.
There is good news on the horizon: prices are more affordable than the past five or six years and 30 year fixed mortgage interest rates (for qualified buyers) will be under 6%, around 5.25%. There were 24 home and lot sales pending as of the end of November on Pine Island...watch for a summary of total 2008 real estate sale statistics coming here soon. Meanwhile, here's a couple photos of why people love Pine Island: going fishing out of Jug Creek, and kayaking amongst flocks of white pelicans in Pine Island Sound!
