There are currently 18 active listings for single family homes for sale in Bay Colony that range in list price from $299,900 - $1,349,900 with an average list price of $595,577. There have been 2 sales since April 1, 2010 and they are 34804 Carriage listed for $365,000 - sold for $337,500 and 34386 Indian River Drive listed for $1,095,000 and settles on Tuesday, July 20th for within 95% of the asking price (my listing).

There are no pending lot sales or single family home sales, however, there was a lot that sold on Spy Glass for $230,000. That lot had great views of the water. Non water view lots have been selling around $100,000 or less.

I spent a little time digging deep "into the numbers" behind recent and past sales in Bay Colony. And these are the results:

There always seems to be around 20 homes on the market in Bay Colony at any given time, and that has been the case for years. As a basis for comparison, here is the number of units sold per year. Keep in mind that 2008 was also my worst year in Real Estate.

YEAR       MARKET CONDITIONS         #UNITS SOLD

2005        Good to Strong                                       9

2006        Very Strong                                             5

2007         Very Strong - Declining                       5

2008         Very Poor                                                0

2009         Very Poor - Improving                          6

2010          Improving                                                4

In my opinion, this is a good time to sell. However, you have to ask yourself how low you are willing to go...Here are the average sales price figures:

2005           $491,000

2006           $732,000

2007           $732,000

2008           $0

2009           $513,000

2010           $371,000

So, here is the bottom line..if it is priced right, it will sell!

For more information about Bay Colony sales or to list your home for sale, please give me a call at 302-381-5565.