Statistics: Lots and land sales in Rotonda (Rotunda) West, White Marsh and Pine Valley, FL: September, 2006
Sales of lots and land have been very slow in Southwest Florida for most of 2006. Rotonda (Rotunda) White Marsh, FL had 63 standard building lots listed for sale in the Englewood / Rotonda (Rotunda) MLS system in the month of September, 2006. No lot sold in this section, according to the MLS, in the month of September.
Sales of lots and land have been very slow in Southwest Florida for most of 2006. Rotonda (Rotunda) Pine Valley, FL had 107 standard building lots listed for sale in the Englewood / Rotonda (Rotunda) MLS system in the month of September, 2006. Only one lot sold in this section, according to the MLS, in the month of September. That lot is on Pine Valley Court and sold for $58,000. It has a small lake view and is adjacent to a golf course to be built in 2008.
White Marsh and Pine Valley are the newest sections in Rotonda (Rotunda) West. Most of the homes were built after 2000 with a handful in the late 90’s. Buyers are looking for a lot to build a luxury home in the, White Marsh and Pine Valley Sections. The modern styling and higher storm code ratings of most homes in Rotonda (Rotunda) West, White Marsh and Pine Valley will help keep the value higher. The median price of homes currently for sale in White Marsh and Pine Valley is $525,000.
Of the 63 available lots in Rotonda (Rotunda) White Marsh FL, the lowest asking price was $69000, a very good buy for someone intending to build soon. The highest asking price was $139,900. Of the 107 available lots in Rotonda (Rotunda) Pine Valley FL, the lowest asking price was $69000, a very good buy for someone intending to build soon. The highest asking price was $150,000. Lots and land for sale in Rotonda (Rotunda) West, Florida are very similar in size and features and White Marsh and Pine Valley can be very competitive with other sections of Rotonda (Rotunda) West.
It is doubtful that a significant rebound in prices will occur in the near future. Investors have left the market and the vast majority of buyers are in the market for personal use. White Marsh and Pine Valley Have an abundance of vacant lots and a buyer should be able to select from a large number of acceptable lots and negotiate a favorable purchase.
While there are homes in White Marsh and Pine Valley with values well into the $600,000’s, most values are in the $500,000 range or lower. Buyers of lots in White Marsh and Pine Valley will be able to find beautiful parcels under $100,000. There are many large and luxurious homes in this area, however, if a buyer intends to build a home valued at over $700,000, areas such as Eagle Preserve and Cape Haze, communities with homes of similar and greater value.
Sellers – Know what your Rotonda (Rotunda) property is worth in today’s market. Click here for a FREE, NO OBLIGATION MARKET ANALYSIS of your specific lot.
Jim Mulligan (941) 456-3034
Andy Leonard (941) 662-0033
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