There is some definite softening in the market. Taking a look at the Multiple Listing Service, the average house on the market is now asking $2.047 million. That’s down 11% from $2.31 million in February.
A similar dip is evident in the median price of a home. Eleven months ago, the midpoint was $1.7 million, now it’s n$1.5 million, off 12%. There’s also been a slight dip in the number of properties on the MLS since last February, dropping from 133 to 127.
The newest business listing is I Scream. Owners of the hot dog and ice cream operation, with shops at Wharfside and Mongoose Junction, are asking $149,000.
Offering lots of encouragement, the listing says “The possibility of franchising to other islands has been considered and is a possibility for the new owners!”