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Rotonda, Florida – Real Estate Sales Statistics – 1/2008

Rotonda, Florida – Real Estate Sales Statistics – 1/2008

Rotonda, Florida – Real Estate Sales Statistics – 1/2008

Rotonda, Florida Real Estate

Statistics posted monthly, approximately the 10th of the month for the preceding month. If this report is not for the most recent month, Click here for most recent area real estate sales statistics. Then bookmark that page to get the most recent updates every month€¦

Sales have remained flat in Rotonda for the past two years while the median price has fallen. Prices for homes and land in Rotonda, FL are at the lowest level in years and there are fantastic bargains available. Buyers have returned to take advantage of the bargains. While sales volume is not at the level of two years ago, business is good. Home prices are leveling out while land prices are at rock bottom.

Rotonda is divided into several sections. These include Rotonda West, Rotonda Lakes, Rotonda Sands, Rotonda Villas and Meadows and Rotonda Heights.

Rotonda West is further divided into seven pie shaped subdivisions: Oakland Hills, Pebble Beach, Pinehurst, Broadmoor, Long Meadow, White Marsh and Pine Valley, named to emphasize the golf course community.

Rotonda West is the most fully developed and therefore has the most resale homes. Rotonda Heights and Rotonda Lakes also have resale homes while the remaining communities are less developed resulting in few resale homes. Most of the real estate sales in Rotonda Sands, Rotonda Villas and Meadows are vacant lot sales.

There are currently 320 homes for sale in Rotonda, Florida. The price range is $99,999 – $799,000. The median price is $279,000.

The breakdown of single-family home sales is as follows:

1-2008: 16 homes sold, $100,000- $367,500. Median price: $187,000.

12-2007: 15 homes sold, $120,000- $536,000. Median price: $230,000.

11-2007: 7 homes sold, $135,000- $420,000. Median price: $215,000.

10-2007: 15 homes sold, $100,000- $320,000. Median price: $211,000.

9-2007: 23 homes sold, $135,000- $420,000. Median price: $248,500.

8-2007: 15 homes sold, $120,000- $450,000. Median price: $230,000.

7-2007: 11 homes sold, $120,000- $329,000. Median price: $232,000.

6-2007: 16 homes sold, $159,000- $460,000. Median price: $235,000.

5-2007: 17 homes sold, $175,000- $465,000. Median price: $300,000.

4-2007: 14 homes sold, $197,500- $400,000. Median price: $255,000.

3-2007: 12 homes sold, $185,000- $375,000. Median price: $255,000.

2-2007: 8 homes sold, $235,000- $385,000. Median price: $250,000.

1-2007: 7 homes sold, $230,000- $470,000. Median price: $329,000.

12-2006: 18 homes sold, $192,500- $449,000. Median price: $309,000.

11-2006: 17 homes sold, $165,000 – $390,000. Median price: $245,000.

10-2006: 2 homes sold, $213,000 and $235,000

9-2006: 3 home sold, $158,000 – $290,000. Median price: $280,000

8-2006: 4 homes sold, $205,000 – $540,000. Median price: $300,000

7-2006: 7 homes sold, $210,000 -$372,000. Median price: $280,000

6-2006: 17 homes sold, $220,000 – $505,000. Median price: $330,000

Many condominiums in Rotonda, FL (Rotunda, FL), FL are new construction mixed with resales. The slow market in 2006 has extended to 2007 and there are many exceptional deals awaiting qualified buyers. There are currently 56 condos for sale in Rotonda, Florida. The price range is $89,900 – $315,000 and a median price of $179,800.

SOLD:

1/2008: 0 sold

12-2007: sold, $74,124 and $194,000

11-2007: 0 sold

10-2007: 0 sold

9-2007: 0 sold

8-2007: 0 sold

7-2007: 1 sold, $90,000

6-2007: 0 sold, $0

5-2007: 1 sold, $159,900

4-2007: 0 sold

3-2007: 0 sold

2-2007: 0 sold

1-2007: 2 sold, $140,000 and $214,000

12-2006: 1 sold, $105,000

11-2006: None sold

Five have sold since June 1, 2006, $111,500 – $215,000. Median price: $199,000.

The sale of lots in Rotonda, FL (Rotunda, FL), FL has also been quite slow in 2006 and this continues into 2008. Prices have fallen due to very high inventory and the need for many owners to liquidate assets. There seems to be very little evidence that the price of vacant land will rebound in the near future. There are presently 742 building lots for sale in Rotonda, Florida. The price range is $11,900 for a lots in Rotonda Meadows and Villas to $280,000 for a ridiculously overpriced parcel in Rotonda West. The median asking price is holding at $55,000. While the median price of sold lots did tick up in November, that stat represents a huge drop in price in the Rotonda West where lots that once sold at over $100,000 are now selling in the 40’s.

For the purpose of this report we have discarded oversize lots and multiple lot offerings. In the many sections of Rotonda, the price of vacant land will vary greatly depending upon age of surrounding homes, number of area homes, size of the lot, etc€¦ Before using this data to value your specific lot, please call or write so we can perform an area analysis. Furthermore, all the high asking prices are outrageously overpriced for today’s conditions. Sales stats tell more of the story. Buyers who want a very nice lot on a golf course can now find great prices. They no longer have to settle for poor quality or location.

Sold:

1-2008 – 9 sold, $12,500 – $55,000. Median price: $23,000

12-2007 – 11 sold, $8,250 – $55,000. Median price: $16,000

11-2007 – 7 sold, $11,000 – $57,000. Median price: $45,000

10-2007 – 14 sold, $13,000 – $70,000. Median price: $15,000

9-2007 – 6 sold, $15,000 – $76,000. Median price: $25,000

8-2007 – 11 sold, $13,000 – $84,000. Median price: $34,000

7-2007 – 8 sold, $33,500 – $89,000. Median price: $43,000

6-2007 – 15 sold, $17,000 – $61,000. Median price: $17,000

5-2007 – 14 sold, $15,000 – $59000. Median price: $25,000

4-2007 – 25 sold, $17,000 – $95,000. Median price: $25,833

3-2007 – 10 sold, $19,900 – $89,900. Median price: $23,500

2-2007 – 13 sold, $17,000 – $55,000. Median price: $34,900

1-2007 – 21 sold, $20,000 – $122,000. Median price: $44,900

12-2006 – 26 sold, $17,000 – $127,500. Median price: $18,000

11-2006 – 20 sold, $17,500 – $69,900. Median price: $25,500.

Your Suncoasteam is committed to finding the best property available to fit your needs. We work for you to get the best deal possible. If you’re not happy, we’re not happy. Please consider Your Suncoasteam when buying and selling real estate in Rotonda, FL (Rotunda, FL).

Andy Leonard and Jim Mulligan are real estate brokers serving Rotonda, FL (Rotunda, FL), FL and the surrounding areas. The following handy links, will take you to our Rotonda, Florida real estate search of MLS systems. Your Suncoasteam’s MLS search for Rotonda, FL (Rotunda, FL), FL is the most comprehensive service provided by any broker in southwest Florida. Please “bookmark€ this search page and use it as your exclusive source for real estate in Rotonda, FL (Rotunda, FL).

Rotonda (Rotunda) West All Sections:

Homes For Sale In Rotonda (Rotunda) West, Florida

Condos For Sale In Rotonda (Rotunda) West, Florida

Lots and Land For Sale In Rotonda (Rotunda) West, Florida

James B. Mulligan, Licensed Real Estate Broker
PO Box 380503
Murdock, FL 33938

Jim Mulligan (941) 456-3034
Andy Leonard (941) 662-0033

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