Real estate update

The Marina Market site is under contract,
according to American Paradise.  The property was listed at $1.395
million.  There’s no word from the real estate agency as to whom the
buyer is or what their intention(s) is/are.

WHOOPS!  Just went and checked the link – the "under contract" copy is gone, and it appears the property is back on the market.

Looking at the Multiple Listing Service, it’s more of the same.  More inventory.  I
remember when the agents complained there wasn’t enough; that they
weren’t able to offer buyers a choice. But despite the swollen number
of offerings, so far as houses are concerned, the median price is
unchanged at about $1.6 million and the average asking price is about
$2.2 million.  Sellers are holding firm.

  • Houses:          110 (unchanged from 8/13)
  • Commercial:    20 (down 3 from 8/13)
  • Condos:            43 (up 3 from 8/13)
  • Land lots:        277 (up 18 from 8/13)

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