First Quarter Update

Residential Sales:  Considering residential sales were up in 2016 from 2015 by 40% it is great to see the first quarter of 2017 up by 50%! In real numbers last year at this time there were 6 sales and this year we are looking at 9 sales. The average sale price this year is at $760,722, last year it was at $1,019,167. There are currently 176 residential properties on the market.

Land Sales:  There were 12 land sales in the first quarter of 2016 and 5 so far in 2017.  We do have 7 pending sales, which is down from last year at this time when we had 10 under contract. There are currently 246 parcels of land on the market.

Condo Sales:  Last year at this time there were 3 sales, we have 2 pending, but 0 sales so far this year. There are currently  26 condos on the market.

It continues to be a buyers market, the time to buy is now.  The choices for residential properties in the preferred price point is diminishing.

Market Share Report Between 3/31/2016 and 3/31/2017:…….Islandia Real Estate continues to be #1 in the number of active listings on the market at 25.10%, the next highest company coming in at 16.32%, Islandia also continues to be #1 in sales with 20.20% of the market and the next highest company coming in at 18.75%.

Questions?  Contact Jane Kelly at 941.544.5855    jane@islandiarealestate.com

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