It looks like we will end the year with a slight increase in residential and condo sales.  Sellers with Homes priced over $700,000 find themselves in an extremely soft market, while there are some tremendous values in this range!  The lower price ranges, our gateway pricing on the island, is doing very well.

Statistics:  

Residential Units on the Market   198        Down from 245 on September 27th

Condos on the Market                      52         Down from 63 Units on September 23rd

Vacant Parcels on the Market         62           

Closed Residential Sales Year-to-Date 2011                242

Closed Residential Sales for Same Period 2010         255

Homes Currently Under Contract (Pending Sale)           33  

Closed Condo Sales Year-to-Date                                     64

Closed Condo Sales for Same Period 2010                    53

Sold Vacant Land Year-to-Date                                           20

Sold Vacant Land YTD 2005                                                 69

Residential Sales from 2005 to 2010

2010... 255

2009... 212

2008... 186

2007... 331

2006... 350

2005... 397

Breakdown of Residential and Pending Sales Year-to-Date

401 to 500                                        Sold     44         Pending   5

901 to 1Mil                                        Sold     3          Pending    1

1.0 to 1.2Mil                                      Sold     6          Pending    1

1.2 to 1.4Mil                                      Sold     2          Pending    4

1.4 to 1.6Mil                                      Sold     5          Pending    0

1.6 to 1.8Mil                                      Sold     0          Pending    0

1.8 to 2.0Mil                                      Sold     3          Pending   0