2016 "Heritage Harbour" Real Estate Review

(Includes stats for both River Strand and Stoneybrook)

Total number of homes Sold in 2016 - 117

Total number of condos Sold in 2016 - 120

Average 2016 Sold home price - $341,684.00

Average 2016 Sold condo price - $192,571.00

Average days on market to closing for homes - 118

Average days on market to closing for condos - 109

Highest priced property sold in 2016 - 7314 HERITAGE GRAND PLACE (River Strand) $660,000.00

Lowest priced property sold in 2016 - 311 CAPE HARBOUR LOOP #105 (Lighthouse Cove Townhomes) $119,000.00

(Statistics were taken from the Mid-Florida Regional MLS and does not include private sales.) ********************************************************************************************************************************************************* "2016 was generally a good year for Heritage Harbour sales. But with more days on market and more price decreases I could see that "Harbour" prices were moderating a bit. This is a good thing because we do not want to repeat the roller coaster ride we had in the mid 2000's. Also new construction in East Manatee County continues to surge with about 29 new developments and more coming! These new developments are big competition to re-sales especially when builders offer incentives in the form of cash and extras. But as usual, "Harbour" homes sold well in 2016. ********************************************************************************************************************************************************* Heartfelt thanks to all of the sellers and buyers who have made 2016 another record breaking year for Destination Realty Group We are so grateful to work in such a wonderful community!! Wishing you all a Happy, Healthy, and Prosperous 2017!

All my best, Carol