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Pelican Point Real Estate Market Report This report summarizes and compares the Pelican Point housing market in 2009 and compares it with previous years. In terms of unit sales, approximately the same number of homes sold in 2009 as did in 2008. While down slightly from 2008, the re-sale market segment remains ahead of pre-Katrina levels. New construction, on the other hand, is way down from years preceding 2008. Looking at absorption rates, it is definitely a buyer's market in the subdivision. There are significantly more homes for sale than demand supports. Home buyers are likely to find bargains while home
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