Lely Resort Report 2009
Posted:
As we plan for a successful 2010 real estate season, we look back at sales activity for the past several years to determine trends and anticipate upcoming activity. The charts below represent closed sales (transactions) since 2004, as well as the price-per-square-foot averages for single and multi family homes. Here are a few notable facts:
· Stock Realty and its realtors were involved with 34% of all closed sales in 2009. · Single family home values are down 15.5% from 2008 (based on average dollar per square foot). · Multi-family home values are down 11.5% from 2008 (based on average dollar per square foot). · Single Family home sales were up 3% from the previous year while multi-family home sales were up 34% from the previous year. · Currently there are 222 active listings in MLS and 17% of these listings are “Short Sales” or bank owned. · Currently there are 38 properties pending sale and 68% of all of these properties are “Short Sales” or bank owned.