Thousand Islands

This picture will help to understand why the refuge is called Thousand Islands.

Still only 7 units active in our 4 complexes and none in 2100 Towers.

Interesting enough, there have been 14 units closed this year with none in 2100 Towers that were listed on MLS.

Windward East, Ada has closed the only one this year and that was the 1 bedroom 1 bath unit on the top floor.  This unit sold for $175,000 or $194 per square foot.

Windrush, 7 units have sold with one of these being in the front buildings.   If I throw out that unit, the average sold price would be $146.15 per square foot.

The Diplomat, 6 units havc sold with one of these being oceanfront.  This unit sold for $200,000.  If I throw this unit out the average price per square foot would be $121.93.

This is surprisingly accurate so you can do your own CMA.

Inventory is still jumping off the market.  I only hope the next wave of foreclosures won't be as severe as some are predicting.

Enjoy the weekend!

Jim Bagwell