There were NO sales on North Hutchinson Island in September. However, this is historically the worst month of the year for sales. There has been only one year (2005) out of the last seven, when there were more than 5 sales in the month of September. Remember that to close in September, the sales contract was probably written in July or August. During these months there is not much tourist traffic and many of the full time residents are not in residence either.
However, year-to-date sales have increased by 43% over last year. Inventory of units listed for sale stayed nearly the same with a reduction of only 2. Again, this inventory does not include the approximately 86 units for sale in a new condo development. October does promise to be a good month as there are 19 properties under contract and 14 of them have a good chance of closing in October.
