To date the Island has seven sales logged. Last year we had 21 total sales for the month of January, but the first was not record until the ninth day of the month. So Sales have started a little earlier this year, but the pace is behind last year.
The majority of the sales sold below asking price, a trend that is continuing from 2009. The range of ask price to sale price ranged from 92-104 percent. It appears that a few high end homes are still selling with 16 Callen Place receiving $1,795,000.
January is traditionally slow for home sales, but if we can get a strong start to the home selling season that usally jumps into high gear in the Spring, this could be a springboard for a more productive 2010.
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