Grand
Isles is beautiful guard gated single family home community
in Wellington Florida. Throughout 1997 up until
2000 Centex & Lennar Homes constructed 611 single family homes,
which a majority of these homes are situated on a lake, preserve or
private lot.
Like many of the other communities throughout Wellington
Florida property value increased at a rapid rate in Grand Isles and
reached it's peak in 2005 with a median sales price of $458,250.
Since 2006 property value in Grand Isles has been decreasing,
but homes continue to sell. As a matter of fact as of February 2012 Grand Isles is a SELLER'S
MARKET, which means there are more home buyers than homes for
sale in Grand Isles.
The
above graph displays Grand Isles home sales for 2002 to 2011.
The dark purple shows the number of homes sold while the
light purple shows the median home sales price for that particular
year. You
will notice an increase in the
median sales price in 2010, which could most likely be contributed to by
the First
Time Home Buyer Tax credit that was offered in 2009 & 2010 and
in my opinion re-engized the real estate market.
As of today there are only seven homes for sale in Grand Isles starting
at $173,900 up to $389,000.
Search Homes
for Sale in Grand Isles below:
Information provided by RMLS on February 28, 2012 deemed reliable, but not guaranteed
Originally posted at http://wellingtonhometeam.com/grand-isles-wellington-fl-real-estate-market-trends-2002-2011/
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