Statistics: Lots and land sales in Rotonda (Rotunda) Long Meadow, FL: September, 2006
Sales of lots and land have been very slow in Southwest Florida for most of 2006. Rotonda (Rotunda) Long Meadow, FL had 49 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.
Long Meadow is a newer sections in Rotonda (Rotunda) West. Most of the homes were built in the later 2000 with a handful in the mid 90’s. Buyers are looking for a lot to build a high quality home in the Long Meadow Section. The modern styling and higher storm code ratings of most homes in Rotonda (Rotunda) West Long Meadow will help keep the value higher. The median price of homes currently for sale in Long Meadow is $387,000.
Of the 49 available lots in Rotonda (Rotunda) Long Meadow, FL, the lowest asking price was $72,000, 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 Long Meadow 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. While there are a good number of homes in Long Marsh, there are many vacant lots and a savvy buyer can negotiate a very good price. Buyers should consider another section if their intended new home will exceed the $430,000’s in today’s prices. While there are homes in Long Meadow with values well over $400,000 and even $500,000, they become more difficult to resell in an area where there are many homes valued under $360,000. While there are more lots available in Long Meadow than Broadmoor, they have similar attributes and demographics and pricing will be relatively close.
Buyers of lots in Long Meadow should not pay more than $70,000 at this time and should not construct a new home valued over $360,000 ($430,000 total land, home, impact) at this time. If your intended new home will be more expensive, shop in the White Marsh or Pine Valley section of Rotonda (Rotunda) West, FL.
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