There were 10 sales on North Hutchinson Island in November. This was about average for November over the last 8 years. Sales increased over November 2010 by a 10% but were down 30% from last month.
Year-to-date sales have increased by 57% over last year. Inventory of units listed for sale dropped a little from 216 to 212. This inventory does not include the approximately 83 units for sale in a new condo development.
Condo sales ran from $134,000 for a 2nd floor unit in Sea Palms to a 12th floor North side unit in Paragon for $680,000. We personally sold this condo unit, the highest on theIslandso far this year. We usually do not identify our own sales specifically, but this was an important market improvement for NHI.
There was one single family home on Bimini that sold for $195,000, and a house sold in the Sands Riverside for $170,000. Earlier this year, a waterfront home in Queens Cove sold for $530,000, which is so far this year the highest single family home sale onNorthHutchinsonIsland.
