Longboat Key Homes & Condos for Sale as of 7/23/11:
- Homes & Condos for Sale: 526
- Highest List Price: $11,500,000
- Lowest List Price: $60,000
- Median List Price: $549,4500
- Distressed Property Percentage: 5%
- Total Homes & Condos Sold: 250
- Highest Sale Price: $12,500,000
- Lowest Sale Price: $45,000
- Median Sale Price: $460,250
- Distressed Property Percentage: 11%
- Total Homes & Condos Sold: 189
- Highest Sale Price: $6,650,000
- Lowest Sale Price: $30,000
- Median Sale Price: $565,000
- Distressed Property Percentage: 14%
The Longboat Key Real Estate Market had a fabulous sales volume increase for the first half of this year. 250 homes and condos sold through June compared with only 189 through June of last year. This represents a 32% increase in sales volume! The median sales price decreased 19% in the process, down to $460,250 this year. The price reductions that have been put into place this year have drawn buyers into the market and have contributed to the 32% sales volume increase. It is very positive to see that inventory is way down to only 526 units. In addition, the percentage of distressed sales decreased from 14% to only 11% this year. This reduction in both inventory and in distressed sales, together with the pent up demand for Longboat Key properties will eventually force sales prices to rise in Longboat Key
Similar Posts:
- Fort Meade MD Real Estate Market Update for May 2011
- How Is The Luxury Homes Market In Metro Phoenix, AZ
- Evansville home buyers, sellers caught in stagnant real estate market | POLL
- Memphis unemployment rate jumped to 12.1 percent in June
- Commercial Real Estate is booming in Columbus Ga and Fort Benning
Recent Comments